This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.

All 3 tracts will sell on a price per acre basis. Tract 1 will be sold on the taxable acres and Tracts 2 & 3 will sell on the final surveyed acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect (in any order) any or all 3 tracts for their high bid. Buyer's Choice auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before November 1, 2021. Seller will retain all of the 2021 crop. Possession will be given at the time of closing or upon harvest of the 2021 growing crop. The seller will pay the 2020 and the 2021 real estate taxes. The seller will provide title insurance in the full amount of the purchase price. Bidding is NOT subject to the following contingencies, including but not limited to: financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. 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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".


CLICK HERE TO VIEW TRACTS 1 & 2 PATTERN TILE INFORMATION

CLICK HERE TO VIEW TRACT 1 PROCESSING PUMPKINS INFORMATION

CLICK HERE TO VIEW TRACT 1 FSA INFORMATION

CLICK HERE TO VEW TRACTS 2 & 3 FSA INFORMATION

CLICK HERE TO VIEW 5 YEAR YIELD HISTORY

CLICK HERE TO VIEW SURVEY PLAT (revised June 2, 2021)

CLICK HERE TO VIEW SURVEY PLAT - AERIAL OVERLAY (revised June 2, 2021)

CLICK HERE TO VIEW TITLE COMMITMENT


CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT


Rodney Cornwell Farm
Karyn Childers and Craig Cornwell

Representing Attorney:
Thomas A. Jennings
Livingston, Barger, Brandt & Schroeder, LLP
115 W. Jefferson Street
Suite 400
Bloomington, IL 61701
(309) 828-5281

Auction Manager: 
Kevin Haas (309) 264-7767
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• FSA records indicate 39.01 NHEL cropland acres
• Soil Productivity Index (PI): 142
• Soil types include: Ipava, Sable and Buckhart
• Pattern tiled (tile maps available on our website)
• Road access along the south side by CR 2200N
• Most recent tax bill: 
  • Tazewell county
  • PIN 07-07-04-400-002 40.0 acres $2,008.30

Soil Tests

• Sampled November 2017
• pH  5.9
• P  43#/A
• K  332#/A
• 71.5 ton limestone applied VRT September 2018

The purchase agreement will be adjusted to a quantity of 40.0 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA records indicate 40.06 NHEL cropland acres
• Soil Productivity index (PI): 141.7
• Soil types include: Ipava, Buckhart and Sable
• Pattern tiled (tile maps available on our website)
• Road access along the north side by CR 450N and along the east side by CR 1125E
• Most recent tax bill:
  • Tracts 2 & 3
  • Woodford county
  • PIN 17-03-300-004  81.80 acres  $3,882.70
  • PIN 17-03-400-005  13.56 acres  $669.22

Soil Tests

• Sampled October 2017
• pH  6.0
• P  58#/A
• K  398#/A
• 65.2 ton limestone applied VRT September 2018

Drainage District Tax
Part of this farm is included in the Mud Creek Drainage District.  The most recent annual maintenance assessment totaled $36.74 for a portion of Tract 2 (29.5 acres), and all of Tract 3 (54 acres).  Total of 83.5 acres x $0.44/acre = $36.74.  This assessment is paid to the drainage district and is not included in the annual real estate tax bill received from the county.  Tract 1 is not included in the drainage district.


The purchase agreement will be adjusted to a quantity of 41.65 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA records indicate 52.27 NHEL cropland acres
• Soil Productivity index (PI): 141.7
• Soil types include: Ipava, Sable and Buckhart
• Road access along the west side by CR 1125E
• Most recent tax bill information:
  • Tracts 2 & 3
  • Woodford county
  • PIN 17-03-300-004  81.80 acres  $3,882.70
  • PIN 17-03-400-005  13.56 acres  $669.22

Soil Tests

• Sampled October 2016
• pH  6.3
• P  81#/A
• K  407#/A
• 89.25 ton limestone applied VRT October 2017

Drainage District Tax
Part of this farm is included in the Mud Creek Drainage District. The most recent annual maintenance assessment totaled $36.74 for a portion of Tract 2 (29.5 acres), and all of Tract 3 (54 acres). Total of 83.5 acres x $0.44/acre = $36.74. This assessment is paid to the drainage district and is not included in the annual real estate tax bill received from the county. Tract 1 is not included in the drainage district.


The purchase agreement will be adjusted to a quantity of 53.67 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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