Live & Online Land Auction Ava, IL

Live auction by Joe Ollis Real Estate & Auction, LLC

Starts Oct 18, 2024 11:00 AM CDT

Location: TBD Washington St., Ava, IL 62916

Land Auction - Jackson County, Illinois 162.38+/- Acres of Agricultural Land   Auction Date: Friday, October 18, 2024, at 11:00 AM   Auction Location: Campbell Hill Community Center, 213 Dean St, Campbell Hill, IL 62916   Property Location: Washington Street or Roseme Road, Ava, IL 62907   An excellent opportunity to acquire 162.38+/- acres of quality farmland located in Jackson County, Illinois.  The property is being offered using the Multi-Parcel Bidding Method, allowing bidders to purchase either two individual tracts or the property as a whole.  The land offers extensive frontage on Washington Street and Roseme Road, providing easy access for agricultural operations.  The property is predominantly open and tillable, with approximately 161.21 acres of prime farmland as recorded by the Farm Service Agency (FSA).  The soil types, including Stoy silt loam, Homen silt loam, and Hickory-Homen silty clay loams, are well-suited for a variety of crops, making this property an excellent choice for farming or investment.  The property is currently planted in soybeans.   Parcel Tax ID Number: 03-30-300-005   Acreage: Tract 1: 83 +/- Acres Tract 2: 80 +/- Acres Total: 162.38 +/- Acres Tillable Land: Approximately 161.21 acres per FSA records   FSA Information: Farm Number: 1315 Total Farmland: 168.95 acres Total Cropland: 161.21 acres Base Acres: 163.90 for wheat, corn, and soybeans Current Crop: The property is currently planted in soybeans. ARC/PLC Eligible: Yes, for wheat, corn, and soybeans   Farm Operation and Income   Wright Farm, comprising approximately 162.38 acres across two tracts, is managed under a verbal lease agreement between the owner and farmer Russell Eaton.  The lease structure allocates 33.33% to the owner and 66.66% to the farmer, with tenant rights having been quieted.  Designated as FSA Farm Number 1315, the property includes 161.21 acres of tillable land according to FSA records.  It's eligible for ARC/PLC programs for wheat, corn, and soybeans, with base acres totaling 163.90. The farm's crop rotation includes soybeans, corn, and wheat.  Over the past five years (2019-2023), yellow soybeans have been the primary crop, generating an average annual owner's net receipt of $24,928.40. In 2020, a corn crop yielded $26,311.32 for the owner's share, while a wheat crop in 2023 brought in $28,819.80.  With its productivity, diverse crop selection, and resolved tenancy issues, the farm demonstrates strong potential for consistent income generation.    Crop Sale Year Type of Crop Gross Bushels Sold Total Owner’s Share Owners Bushels Sold Average Price Per Bushel ($) Owner’s Net Receipt ($) 2019 Yellow Soybeans 3,801.56 0.3333 1,267.06 $9.32 $11,646.54 2021 Yellow Soybeans 7,374.74 0.3333 2,458.00 $11.71 $28,629.74 2022 Yellow Soybeans 7,827.78 0.3333 2,609.00 $13.67 $35,486.70 2023 Yellow Soybeans 5,385.54 0.3333 1,795.00 $13.41 $23,950.60 TOTAL   24,389.62   8,129.06   $99,713.58 Min.   3,801.56   1,267.06 $9.32 $11,646.54 Max.   7,827.78   2,609.00 $13.67 $35,486.70 Mean   6,097.41   2,032.27 $12.03 $24,928.40     Crop Sale Year Type of Crop Gross Bushels Sold Total Owner’s Share Owners Bushels Sold Average Price Per Bushel ($) Owner’s Net Receipt ($) 2020 Yellow Corn 21,688.45 0.3333 7,228.76 3.76 $26,311.32     Crop Sale Year Type of Crop Gross Bushels Sold Total Owner’s Share Owners Bushels Sold Average Price Per Bushel ($) Owner’s Net Receipt ($) 20203 Soft Red Wheat 12,787.76 0.3333 4,262.16 6.82 $28,819.80   Detailed Soil Breakdown   Soil Code Soil Description Acres % PI NCCPI CAP 164B Stoy silt loam, 2 to 5 percent slopes 53.16 32.66 107 77 2w 582C2 Homen silt loam, 5 to 10 percent slopes, eroded 37.02 22.75 101 80 3e 582C3 Homen silty clay loam, 5 to 10 percent slopes, severely eroded 36.88 22.66 94 71 4e 582B Homen silt loam, 2 to 5 percent slopes 28.31 17.39 108 87 2e 797D3 Hickory-Homen silty clay loams, 10 to 18 percent slopes, severely eroded 7.39 4.54 79 63 4e     Total Weighted Average PI: 101.59  Total Weighted Average NCCPI: 77.43   Sellers: L. W. Wright Trust, M. L. Wright Trust, & The Estate of Robert Wright   Abbreviated Auction Terms & Conditions: Bidding Process: The property will be offered using the Multi-Par method, allowing bidders to purchase individual tracts or the property as a whole. Bidding will remain open until the auction closes as determined by the Auctioneer. Registration: Online bidders must register by Noon CDT on October 17, 2024, at www.ollisauction.com. Down Payment: A 10% non-refundable down payment is required within 24 hours of the auction's close. Closing Date: On or before December 13, 2024. Buyer’s Premium: A 5% Buyer’s Premium will be added to the high bid to establish the final contract price. Possession and Title: The seller will provide a proper deed conveying a merchantable title free and clear of liens. Buyers will receive possession upon closing. Real Estate Taxes: The seller will provide a prorated tax credit at closing for 2024. Mineral Rights: All mineral rights owned by the seller will be included in the sale. No Personal Property: The sale does not include any personal property. As-Is Sale: The property is being sold on an "AS IS, WHERE IS" basis without warranties. Income from Current Crop: The seller will retain 100% of the income from the 2024 crop year, including any bonuses. The seller is also responsible for all 2024 expenses.   This auction will be conducted live at the Campbell Hill Community Center and will also be available online for remote bidding. Ensure your financing is in order prior to the auction, as bidding is not contingent upon financing.   For more information, to review the Real Estate Purchase Contract, and to register for the auction, visit our website or contact our office.   Why use Joe Ollis Real Estate & Auction, LLC?  Our standards for conducting an auction are simply higher, and the marketplace has responded, allowing us to be the leader in getting properties sold and closed.  For property owners who are serious about selling—who wish to maximize their returns while reducing the time, risk and frustration of trying to sell through a traditional approach—our customized individual owner services are a perfect fit.  Joe Ollies Real Estate & Auction, LLC will customize and execute a results-oriented auction marketing campaign that maximizes exposure and creates active competition for the purchase of your property.  This results not only in full and current market value, but also preserves opportunities for the greatest price, while limiting risk of lower price.  Individual sellers also benefit from the convenience of controlled viewings, standardized terms and conditions of sale, and a known sale and closing date.  Our experience is broad-based, allowing us to bring together the necessary resources for a successful sale of practically any type of real, as well as personal property.  For more information, please go to www.ollisauction.com and allow us the privilege to add your name to our growing lists of satisfied clients. www.ollisauction.com 400 New Hope Road, Buncombe, IL 62912 Office: 618-833-2227 or 618-996-2884 Toll Free: 800-272-9791 Email: ollis@ollisauction.com Joe Ollis Auction Service, LLC IL. Lic # 444.000380 Information Herein Believed to Be Accurate but Not Warranted  

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