Auction Information

Property Description

FARMLAND AUCTION
+/- 240 Acres offered in 3 Tracts
NE quarter and the E half of the NW fractional quarter, section 31, T25N R8W
Center TWP. Benton County, IN.

3 PM, Monday, September 12th

Auction Location has been moved to:
Benton County Annex Building,
410 S Adeway Rd, Fowler, IN 47944

Excellent Farmland Investment Opportunity.
Open Farm Tenancy for 2023.
Two, 1.65 MW Wind Turbines; 2022 minimum payment of $6,506 per turbine.
+/- 219.79 Cropland Acres
+/- 211.29 Effective DCP Cropland Acres, 72.4 NCCPI
+/- 8.5 CRP Acres paying $203.95/ac ($1,734.00 annually). Expiring fall of 2030.

ONLINE BIDDING AVAILABLE! Online pre-bidding begins Monday, September 5th, 2022, at 8:00 AM. Bidding will end Monday, September 12th, 2022, at the close of the live event.

Farm is located 2.5 miles south and 2 miles west of Fowler IN.
3.5 miles North of Boswell, IN. Road frontage on West 200 S Rd.
GPS coordinates: 40.5744, -87.3672.

Legal Description:
NE quarter and the E half of the NW fractional quarter, section 31, T25N R8W Center TWP. Benton County, IN

Assessor PIN: # 04-08-31-500-001.000-003
Real Estate Tax: 2021 payable 2022: $4,021.40

Final Tract acreage to be determined by survey. Survey cost split equally between buyer and seller.
Seller receives 100% of the CRP payment issued September of 2022.
Seller receives 100% of the 2022 cash rent proceeds.
Seller credits buyer the 2022 payable 2023 real estate taxes at closing using the 2021 payable 2022 figures.
Seller receives 100% of the wind turbine payments issued in 2022.

3 Tract, Multi Parcel Bidding.

T1: +/- 80 Acres, +/- 69.25 Tillable Acres, 67.5 NCCPI
+/- 4.6 CRP Acres paying $938.17 annually.
1.65 MW TURBINE, 2022 minimum payment of $6,506.

T2: +/- 80 Acres, +/- 75.50 Tillable Acres, 75.7 NCCPI
+/- 1.95 CRP Acres paying $397.70 annually.
1.65 MW TURBINE, 2022 minimum payment of $6,506.

T3: +/- 80 Acres, +/- 68 Tillable Acres, 73.6 NCCPI
+/- 1.95 CRP Acres paying $397.70 annually.

Travis Selby
Land Broker and Auctioneer
IN Lic # AU10700091
Mobile Phone: 217.304.1686