Farmland for Sale

461.9 +/- Acres

Greene County, Illinois

Location

The farm is located approximately two miles west of Hillview in PattersonTownship, Greene County, Illinois. The farm is served by a Township road.

Legal Description

The farm is located in portions of Sections 25 and 36 of Township 12 North/Range 14 West and portions of Sections 30 and 31 of Township 12 North/Range 13 West, of the Third Principal Meridian, Greene County, Illinois. A survey is available. Possession for fall fieldwork and the building will be granted after the 2006 harvest is complete. Possession of the bins will be June 1, 2007.

Farm Buildings

The farm has four grain storage bins with a total capacity of 16,000 bushels and an implement storage building in good condition. The buildings are conveniently located in the center part of the farm.

Soil Types

The soil types and productivity ratings on the farm (as published by the University of Illinois, College of Agricultural, Consumer and Environmental Sciences in Bulletin 810, August 2000) are as follows:

Soil Name / Map Symbol / Productivity Index / Corn Bu/Ac / Beans Bu/Ac / Wheat Bu/Ac
Ambraw / Clay loam / 302 / 101 / 122 / 40 / 49
Beardstown / Loam / 188 / 100 / 121 / 40 / 50
LaHogue / Loam / 102 / 107 / 129 / 42 / 57
Petrolia / Silty clay loam / 288 / 103 / 129 / 39 / 49
Titus / Silty clay loam / 404 / 104 / 126 / 42 / 49

FSA Data

This farm has been combined with data from our other farming operations for crop insurance purposes. The averages listed include the 2005 crop.

Corn / Soybeans / Wheat
Ten Year Average Yield (insurance report) / 169.3 / 56.4 / 68
Direct Yield Payment / 108 / 42 / 58
Counter Cyclical Payment / 147 / 50 / 64

CRP

The farm is enrolled in two separate Conservation Reserve Programs. The first program, which expires in 2009, contains 25.8 acres and has an annual payment of $2401.00. The second program expires in 2020, contains 24.7 acres and has an annual payment of $2558.00.

Real Estate Taxes

The Greene County Treasurer has provided the following 2005 real estate information on the Emerald Valley Farm:

Parcel # / Tax / Assessed Value
6-11-30-2 / $1,253.02 / 17,290
6-11-31-3 / $1,945.48 / 26,845
6-10-25-2-1 / $55.08 / 760
6-10-36-1-1 / $51.82 / 715

Title Insurance

The Seller shall furnish a title insurance policy in the amount of the purchase price.

Terms and Conditions of Sale

The Buyer will be asked to submit a written contract to purchase the property. Martin & Associates will make copies of that contract available upon request. A 10% down payment is required upon signing the contract. The balance is due 30 days from signing. The seller will sell the farm free of tenancy for the 2007 crop year.

Disclaimer

Although the information contained in this brochure is considered to be accurate, no representation or warranties to that effect are being made. This information is subject to verification and no liability for errors or omissions is assumed. All interested parties are invited to make an inspection of the property after calling Martin & Associates for an appointment.

Martin & Associates

100 Emerald Way, Watseka, IL 60970

(815) 432-6100

(815) 432-6174 FAX

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