Burgett Family Farms Partnership

Sold
Off
Total Acres
160 acres in Newman Township, Douglas County, IL
Terms
The terms being offered are cash. A 10% earnest money deposit is required with the Offer to Purchase, with the balance being due at closing.
Location
The farm is located in Sections 4 and 5, Township 16 North, Range 14 West, Newman Township, Douglas County, IL
PIN: 07-12-04-100-007
07-12-05-200-003
07-12-05-200-005
Possession
Possession will be given per terms of the Purchase Agreement.
Tillable Acres
160.45 tillable acres as per FSA.
CFSA Farm
FSA farm 1112 tract 1199
Yield Information

This farm has a total of 160.45 tillable acres which is farmed by Harbaugh Farms.

Specific Soils

The primary soil type found on subject property is Drummer and Milford.

Address

8410 N. CR 1880 E.
Charleston, IL 61943
United States

Lease Information

The common Lease terms in this area are a 50-50 crop share lease, and cash rental arrangements which are becoming increasingly popular.  Under the more typical 50-50 share lease, the tenant furnishes the labor and the machinery, and the landowner furnishes the land and pays the taxes.  All direct costs associated with growing the crop are split 50-50.  These cost would be such items as fertilizer, seed, chemicals, and other inputs directly involved in growing the crop, but not to include machinery or lab or expense.

The farm is operated by Harbaugh Farms for the 2025 crop year but will be sold lease-free for the 2026 crop year.  Possessions will be per terms of Purchase Agreement.  Any Government payments for 2025 year is property of Seller.  Any Government payments that might be paid on 2025 crops are retained by Seller, whether disbursed in 2025 or a later date.

The Harbaugh Family would be interested in continuing to lease the farm from the new owner.

Improvements
None
Drainage
Average and adequate
Real Estate Taxes

ID Number                    Acres                                 2024 Taxes

07-12-05-200-003              40                                   $ 1,659.38

07-12-04-100-007               80                                  $ 3,465.50

07-12-05-200-005               40                                  $ 1,769.66

               Total                  160                                   $ 6,894.54

Average tax per acre = $43.09

 

Fertility
The fertility of this farm has been maintained to produce the estimated yields.
Mineral Rights
All mineral rights of the seller will be transferred to the buyer.
Topography
The topography of the farm is flat.
Grain Markets
The nearest grain market facilities are located at Newman and Brocton, Illinois.
Financing
Bidding is not conditional upon financing, or any buyer or lender inspections. Be certain you have arranged financing, if needed, and are capable of paying cash at closing.
Access and Frontage
Township Road 2625 East borders the farm on the East and Township Road 925 North borders the farm on the North. All road provide excellent access to the farm.
Utilities
Electric.
Zoning

Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made.  The information contained herein is subject to verification and no liability for errors or omissions is assumed.  The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval.. The seller further reserves the right to reject any and all offers.  All inquires, inspections, appointments, and offers must be channeled through:

          Ronald Pierce Real Estate

          8410 N. CR 1880 E.

          Charleston, IL 61920

          Cell:  217-254-6306 

          Work:  217-348-0803

 

Terms of Service

PLEASE READ AND REVIEW THE FOLLOWING TERMS PRIOR TO BIDDING ON PROPERTY OFFERED BY RONALD R. PIERCE.  BIDDING ON THE ONLINE PLATFORM OBLIGATES YOU AND THE SELLER TO CERTAIN LEGAL AGREEMENTS.  IF YOU HAVE NOT READ AND DO NOT UNDERSTAND THESE TERMS, DO NOT BID.  BY BIDDING THROUGH THIS APP/WESITE YOU AGREE TO ALL TERMS AND CONDITIONS AS SET FORTH IN THE TERMS AND CONDITIONS LISTED OR REFERENCED BELOW.

Seller:  Burgett Family Farms Partnership

Sale Method:  This is a PRIVATE SALE.  Please contact Ronald Pierce at 217-254-6306.

Contract:  Buyer will enter into a contract with a 10% down payment, and the balance due at closing.  All property will be sold "as is, where is".

Financing:  Any offer is not conditional upon financing, or any buyer or lender inspections.  Be certain you have arranged financing, if needed and are capable of paying cash at closing.

Title:  A title policy in amount of sales price to be furnished to the respective purchasers by Seller.

Lease & Possession:  Tenancy is open for the 2026 crop year, possession can be taken after closing.  Seller will retain the Landowner's share of 2025 rents, crop sales, and government proceeds.

Real Estate Taxes:  2024 real estate taxes payable in 2025 have been paid by the Seller.  2025 real estate taxes payable in 2026 , to be credited to the Buyer by the Seller at closing based on the most recent information.  All future year's real estate taxes, to be paid by the Buyer.

Agency - Ronald R. Pierce, Broker and Michael Stanfield Auctioneer are designated agents and represent only the Seller in this transaction.