Property Description
Sold at Auction
FARMLAND AUCTION
+/- 148 Acres
Helt TWP. Vermillion County, IN.
Auction Time & Date:
Wednesday, 10:00 AM EST, May 7th
Auction Location:
Beef House Restaurant
16501 N, IN-63, Covington, IN 47932
Farm is located 6 miles south of Dana, IN.
Farm is located on the north side of State Road 71.
Part of sections 22 and 23, T15N R10W, Helt TWP. Vermillion County, IN.
Highly Productive Soils
Excellent Yield History
6 miles south of the AC grain elevator in Dana, IN.
Buyer receives 100% of the 2025 cash rent and 50% of the CRP payment.
+/- 148 Acres; Part of sections 22 and 23, T15N R10W, Helt TWP. Vermillion County, IN.
Assessor PIN: 83-11-22-100-001.000-007, and Assessor PIN: 83-11-23-200-001.000-007.
2024 payable 2025 Real Estate Tax = $8,078.00.
+/- 149.55 cropland acres, Per FSA
+/- 145.45 tillable acres, 84.1 NCCPI soil rating.
+/- 4.10 waterway acres enrolled in CRP paying $772 annually, expiring fall of 2030.
Sale is subject to the 2025 cash rent agreement.
Cash rent agreement is a base rent with a flex bonus payment.
Buyer will receive half of the base payment at closing, and the second half of the base payment will be paid to buyer October 1st.
The bonus flex payment is paid to buyer December 15th or at the completion of harvest.
Contact Auctioneer Travis Selby for the cash rent lease details.
Yield History
2024: Corn 231 bushel; Soybeans 66 bushel
2023: Corn 241 bushel; Soybeans 77 bushel
2022: Corn 228 bushel; Soybeans 68.5 bushel
2021: Corn 221 bushel; Soybeans 86 bushel
2020: Corn 204 bushel; Soybeans 68 bushel
5yr Average
225 Bushel Corn; 73.1 Bushel Soybeans
Travis Selby
217-304-1686
IN Auctioneer AU1070091
IN Broker RB1404432
Auction Terms and Conditions:
+/-148 acres, PINS: 83-11-22-100-001.000-007 and 83-11-23-200-001.000-007
Day of Auction Procedure: The property will be offered as 1 individual tract; +/-148 acres. The auction will be conducted publicly, in person. Bidding shall remain open until the auctioneer announces bidding closed.
This sale is subject to the Owner’s confirmation.
The owner's reserve the right to accept or reject any and all bids.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of bidding. A copy of the contract is available for review.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 34 days after auction day, or as soon thereafter, as applicable closing documents are completed. The anticipated closing date is on or before June 10th, 2025.
Possession: Possession will be given at closing subject to the 2025 cash rent agreement. Buyer shall receive 2025 cash rent payment.
Title: Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the Sellers’ search charges. Commitments for Title Insurance are available for review. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Seller shall pay 100% of the 2024 real estate taxes payable in 2025. It shall be the Buyer’s responsibility to pay the 2025 real estate taxes payable in 2026, when due.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and its representatives are Exclusive Agents of the Seller.
Survey: Seller shall not provide a survey and the sale shall not be subject to a survey. Tract acreage is approximate and has been determined by deeds, legal description, and aerial photographs.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the person’s credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Sellers: Cheryl N. Samuelson, Jennifer Sue Collins, Suzan Newton Talmadge, Julia Cline Newcomb, Joan M Rodieck, and
Joetta Lee Cline.
