SELLER: Mathias Family Trust
DESCRIBED AS: 131 +/- acres in Section 31, Pickaway Township, Shelby County, IL.
LOCATION: Christian Church, 115 N. Walnut, Assumption, IL
TIME: 11:00 AM – March 12, 2024 PLACE OF SALE:
LIVE VIRTUAL ONLINE AUCTION – Christian Church, Assumption, IL.
PIN: 1404-31-00-300-001
Plat Map
This farm has a total of 129.97 tillable acres which is farmed by BRI-MAC II R LLP, c/o Rob Bridgman.
Total Acres: 131 acres.
Tillable Acres: 129.97 acres
Corn Base: 95.55 acres
Corn Yield: 139 bu/acre
Bean Base: 31.85 acres
Bean Yield: 56 bu/acre
5 Year Yield Data
2023 all Soybeans -68 bu/acre
2022 all Corn -271 bu/acre
2021 all Soybeans - 78 bu/acre
2020 all Corn - 178 bu/acre
2019 all Corn -174 bu/acre
The following are the individual soils found on subject property. A specific Soil Map of the subject farm is included in this brochure.
- Drummer Silt Loam
- Proctor Silt Loam
- Elburn Silt Loam
- Milburn Silt Loam
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 crop 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 costs 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 was operated by Rob Bridgman for the 2023 crop year but will be sold lease-free for the 2024 crop year. It is assumed that Mr. Bridgman would be interested in continuing to lease the farm from a new owner.
ID Number: 1404-31-00-300-001
Acres: 131
Assessed Value: $85,959
2023 Taxes - $6193.58
Average tax per acre - $47.28
Fertilizer - The Buyer agrees to pay as reimbursement for fertilizer applied for crop year 2024 i the amount of $11,248.93 on or before closing.
The farm is zoned for agricultural use.
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 The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval.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, inspection, appointments, and offers must be channeled through:
Ronald Pierce/Real Estate
8410 N. CR 1880 E.
Charleston, Illinois 61920.
Cell: 217-254-6306. Work: 217-348-0803
Attorney for Seller
Joel A. Slater Taylor Law Offices 1
23 East Washington Ave.
P. O. Box 668
Effingham, Illinois 62401
Stanfield Auction Company
Michael Stanfield
3121 Oakwood Dr.
Charleston, Illinois 61920
Office: 217-345-7772 Cell: 217-369-0911
Email: Sale4utoo@Yahoo.com
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/WEBSITE YOU AGREE TO ALL TERMS AND CONDITIONS AS SET FORTH IN THE TERMS AND CONDITIONS LISTED OR REFERENCED BELOW.
Seller: Mathias Family Trust
Sale method: This is a VIRTUAL LIVE-ONLINE AUCTION. Bids can be made online or by downloading the Ronald R. Pierce App from (date & time). At 11:00AM CST, a virtual live-online auction will be conducted at 11:00 AM CST. All bidding is on a "per acre" basis. Call Mike Stanfield,
Auctioneer. at 217-369-0911 for details.
Contract: Buyer will enter into a contract with a 10% down payment, and the balance due on or before
2024. All property will be sold "as is, where is".
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.
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 2024 crop year, possession can be taken after closing.
Seller will retain the Landowner's share of 2023 rents. crop sales, and government proceeds.
Real Estate Taxes: 2022 real estate taxes payable in 2023 have been paid by the Seller before the auction. 2023 real estate taxes payable in 2024, to be credited to the Buyer by the Seller at closing based on the most recent information. All the future year's real estate taxes, to be paid by the Buyer.
Bidder Registration: All potential bidders must register with.
_and receive a bidder number prior to the bidding. This is completed through our online registration process. A bidder must meet satisfactory identification in order to be authorized to bid in person or online. We reserve the right to require you to satisfy us of your legal capacity and financial ability to perform on this transactions prior to or after bidding has occurred. As an online bidder, you consent to receiving phone calls, text messages or emails from
As an online bidder, if you are the successful buyer, you are agreeing to return a signed contract to purchase property and pay the required stated down payment in the form of a personally delivered good check, certified cashier's check or wire transfer of funds by 4:00 PM the day following the end of the
auction.
Technology Use: Technology is a post COVID-19 world has provided us with many benefits and many challenges. We provide our best effort to make technology easy to use. However, we are not responsible for technology failures and cannot be held liable if your bids are not accepted. In the event of a technology failure, internet outage on our part or other technical difficulties related to the server, software, or any other online related technology, Seller reserved the right to extend, continue or close bidding. Neither the software provider, nor Ronald Pierce, Real Estate Agent or Auctioneer shall be held responsible for a missed bid or failure of the software to function property for any reason
Online Bidding Procedure: All bids on this tract will be visible online, but the identity of bidders is confidential. See auction terms and conditions for minimum bid requirements and details. Auctioneer reserves the right to set the increments at which bids may be advanced. Any bid you place during the auctions is a legally binding offer to purchase real property being auctioned.