Morgan Co. Land Auction
KINNETT FARM – Alexander, IL
151.24 +/- NHEL acres to be sold in 1 tract (LIVE AND ONLINE)
PI = 135.9
Online registration and bidding begins Nov. 10, 2021. Visit Kinnett Farm to register and prebid.
BRIEF LEGAL: 151.24 +/- NHEL acres (150.79 +/- tillable)
Part of the West Half of the Northeast Quarter of Section Seventeen (17), the East Half of the Northeast Quarter of Section Seventeen (17), in Township Fifteen (15) North and Range Eight (8) West of the Third Principal Meridian, Morgan County, Illinois.
TAXES:
Parcel # 11-17-200-003 72.73 acres $2392.24
Parcel # 11-17-200-005 78.51 acres $3190.34
Totals 151.24 acres $5582.58 subject to reassessment
AVERAGE SOIL TEST RESULTS:
pH 6.3 P1 44 K 385
SOIL TYPES:
Ipava silt loam, Muscatine silt loam, Sable silty clay, Osco silt loam, Assumption silt loam, Elkhart silt loam.
YIELD HISTORY:
| Year | CORN | SOYBEANS |
| 2021 | 227 | – |
| 2020 | – | 72 |
| 2019 | 242 | – |
| 2018 | – | 77 |
| 2017 | 239 | – |
Terms and Conditions
The farm will be sold on a price per acre basis according to the latest tax record. Buyer(s) will enter into a written contract on the day of the auction. Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. The buyers will receive a credit at closing for the 2021 taxes due and payable in 2022 based on the latest ascertainable real estate information available. Sellers will provide title insurance in the amount of the purchase price. Possession will be given at the time of closing. The Sellers are prepared to close immediately. Closing will be on or before December 22, 2021. The farm is being sold subject to owner confirmation.
All announcements sale day shall take precedence over any prior advertising whether written, oral or electronic. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate and are for demonstration purposes. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is” subject to all easements written or unknown. Seller’s interest in mineral rights will be conveyed. Buyers MUST have financing arranged prior to sale day.
Payment
Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. Buyers MUST have financing arranged prior to sale day.
Disclosure of Owner Names
Bruce Kinnett Trust
Contact Information
Aron Cowman 217-473-4840
Ron Cowman 217-473-7550
Ed Cowman 217-473-0411
Soils_MapAuction Date
November 22, 2021
Auction Start Time
10:00 a.m.
Auction Location
Knights of Columbus Hall - 715 East Illinois Street - New Berlin, IL 62670
Directions
From Alexander, just north of Interstate 72 on IL Route 123 to Old State Road, then east on Old State Road to Cockin Road, turn south ½ mile to the northwest corner on the east side of the road.
Additional Information
This farm is a part of the Lincoln Land Wind Project and will be sold subject to the existing wind lease. The farm will likely qualify for annual rent payments pursuant to the terms of the wind lease.