This excellent farm is a combination of terraced hills and Walnut Creek bottom land. There is a paved highway on the north and a railroad on the south of the farm. There are no buildings. Crop rotation is corn/beans and conservation plan is no-till. There are 3 acres of CRP income of $242.72/acre, expiring in 2022. Buyer agrees to assume CRP contract. 4.5 acres are in the Forest Reserve, are not taxed, with tree species of poplar, willow, cedar, Norway spruce, white spruce, walnut, scotch pine and aspen. The USDA FSA will divide this tract of land from a larger parcel, if required. Buyers will agree to cooperate in a seller 1031 Exchange. Farm is rented for 2018. Buyer will receive landlord's possession subject to tenant's rights. Tenants have been notified. Farm is not rented for 2019. Seller will retain all of 2018 cash rent. Title will be transferred by Trustee Special Warranty Deed. Trustees will provide IRS Estate Tax Closing Document, not a Closing Agreement.
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