REVISED OFFERING! The Loranda Group, Inc. is pleased to offer for sale the Rice Farm, 141.2 +/- acres located 2 miles west of Toulon, 25 miles northeast of Galesburg, or 30 miles northwest of Peoria, in Sections 26 and 27 of Goshen Township, Stark County, Illinois. According to the local Farm Service Agency, the property has 130.5 tillable acres of which 127.5 are in row crop production and 3 are being used for soil preservation. Additionally, there are 9.4 acres enrolled in the Conservation Reserve Program that would be ideal for deer hunting. The CRP contract expires on 09/30/2020 and pays $104.23 per acre. The estimated corn base is 77.6 acres with a PLC yield of 163 bushels per acre, and the estimated soybean base is 51 acres with a PLC yield of 50 bushels per acre. The predominant soil types on the tilled acres are Osco silt loam, Ipava silt loam, and Assumption silt loam and the soil productivity index (P.I.) is 138.8.
The real estate taxes paid in 2019 were approximately $38.00 per acre and there are no improvements on this acreage. The 2019 corn yielded 198 bushels per acre; the 2018 soybeans yielded 68.8 bushels per acre; and, the 2017 corn yielded 224.5 bushels per acre. The asking price is $1,313,160.00 or $9,300.00 per acre and the lease will remain open for the 2020 crop year until March 1.
Directions: From the west edge of Toulon, travel west on Highway 17 for approximately 0.75 miles to CR 450 East. Turn left/south and travel 1 mile to County Road 750 North (Trail 107). Turn right/west, travel 0.50 miles, and the farm will begin on your right. GPS: 41.084609, -89.909547