80.35 Acre No Reserve Farmland Online Only Auctoin

 To bid go to www.bidschmid.com 

Prime Shelby County, IL 80.35 Acre Land Auction • Online Only • No Reserve

Starts Closing Tues. Sept 15^th 1:00PM (Timed Online Auction)

Property Location: Just south of Stew-Stras High School on East & West side of Rt. 32.

Tract 1: 38.8 + or – acres, 37.73 + or – FSA tillable acres, 1.07 Acres CRP CP43 annual payment of $300 per acre, expires 9/30/2038. Buildings & Bins: 18’ bin 3000 bushel, 20’ bin 4500 bushel, 24’ bin 6000 bushel, block shed 50’x38’ concrete floor, wood building 28’x22’ & block 2 car garage w/concrete floor 21’x28’. Soil Productivity Index 126.4, Located in Sec 22, Prairie Township, Shelby County, IL Parcel: 1520-22-00-200-006. West side of Rt. 32.

Tract 2: 41.55 + or – acres, 40.2 tillable acres, 1.35 Acres CRP CP43 annual payment of $300 per acre, expires 9/30/2038.Soil Productivity Index 124.9, Located in Sec 23, Prairie Township, Shelby County, IL Parcel: 1520-23-00-100-005. East side of Rt. 32.

Three-Year Yield Data: Average crop yields were 208.45 bushels of corn and 70.80 bushels of beans in 2023; 247 bushels of corn and 63.50 bushels of beans in 2024; and 221 bushels of corn and 68.67 bushels of beans in 2025. Each tract has 2 concrete box culvert of entrances.

Seller: Hartman Farm LLC

Taxes: 2025 taxes payable in 2026 were $1,529.80 for Tract 1 and $1,455.52 for Tract 2. Buyers will receive a credit at closing for 2026 taxes payable in 2027.

CRP Terms: The CP43 filter strip CRP expires on 9/30/2038. If the new owners farm or remove any CRP acres before that date, they will be required to repay prior USDA payments. New owners will begin receiving CRP payments with the new USDA year starting 9/30/2026.

Items at the bin site belonging to the farm tenant will be removed, including the 8-inch grain auger and the 5 hp grain bin fan on the 24-foot center bin. These items are marked in white as not included in the sale. In addition, under the lease agreement, the farm tenant may use the grain bins until March 1^st, 2027. Electricity will be transferred to the new owner’s name as of March 1^st.

Farming Rights: The existing farm tenant is relinquishing their farming rights at the completion of the 2026 harvest.

Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.

Bidding Method: Bids are per acre; final price is the high bid times total acres for each tract. The purchase agreement will state the total tract price, which remains fixed regardless of future surveys.

Bidding Increments: $25.00 per acre.

Extended Bidding: Any bid placed on Tracts 1-2 within the final 2 minutes will extend bidding on both Tracts 1 and 2 by 2 minutes.

Bidders engaging in fraudulent activity will be subject to prosecution. Please note that submitting a bid constitutes a legally binding contract.

Down Payment & Closing: 10% of the total purchase price is due on auction day or the following day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company. 

Purchase Agreement: Successful bidders must sign agreements on Tuesday, Sept 15^th, or Wed Sept 16^th in person or via DocuSign.

Crops & Possession: the Current Crop belongs to the current farm tenant.

Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.

Announcements: Auction day announcements take precedence over printed materials.

Liability: Schmid Auction and the sellers are not responsible for accidents that occur while individuals are viewing the property.

All buildings and grain bin measurements are approximate and are not guaranteed by the auction company or sellers.