Major Land Auction in Indiana

Land Description

• 962+/- Acres offered in 6 Tracts from 3+/- to 312+/- Acres • Attention Operators & Investors. • Large Tracts • Productive Cropland • Irrigated Tracts • 132,500+/- Bushels of Grain Storage • Some Pattern Tile • 47+/- Acre Wooded Tract • Pre-Closing Hunting Privileges Available • Cass & White Counties, Indiana • 15+/- Miles Northwest of Logansport • Online Bidding Available You may bid online during the auction. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company.

Open House/Inspection Dates

Tuesday, September 29 from 3-5pm Eastern

Wednesday, October 14 from 3-5 pm Eastern

Meet a Schrader Representative at Tract 4 off 1000 N (Cass/Pulaski County line)

Tract Descriptions

Tract 1: 252.00± ac Productive cropland with a high percent being Rensselaer loam. 210.95 tillable acres in one field. Also 29.5+/- acres in CRP along the outside ditch banks. The CRP payment is per acre and the CRP contract expires 9/30/2026. This tract has frontage on County Road 900 W.

Tract 2: 113.00± ac Productive cropland with a high percent of Rensselaer loam. 92.54 tillable acres in one field. Also 17.4 acres of CRP along ditch banks on the south and west sides. The CRP payment is per acre and the CRP contract expires 9/30/2026. This tract has frontage on County Road 900 W.

Tract 3: 312.00± ac Nearly all tillable productive cropland with a 9 tower center pivot and a 3 tower center pivot. The 9 tower center pivot currently crosses a 10+/- acre neighboring property which is not part of this auction. The buyer of Tract 3 would need to install stops for the pivot, if arrangements can not be worked out to cross the neighboring property. Most of the south half and northwest part of this tract has been pattern tiled. Tract 3 has frontage on County Roads 1000 W and 1000 N (Cass/Pulaski County line).

Tract 4: 3.00± ac 132,500+/- Bushels OF Grain Storage.

(5) 10 ring X 36 ft. D (Est. 23,500 bushels each) storage bins with aerated floors, fans and top vents. (1) 6 ring X 36 ft. D (Est. 15,000 bushels) bin with a dryer system. There is a 2,000+/- bushel overhead hopper bin for loadout. Also a Bruneumatic pneumatic system. The southeast storage bin has a dent at the two top rings. This tract has frontage on County Road 1000 N.

Tract 5: 235.00± ac Mostly all tillable productive cropland with two 5 tower center pivots. There are 3.9+/- acres of CRP in the southwest corner of this tract. The CRP payment is per year per acre) and the CRP contract expires 9/30/2025. This tract has frontage on County Road 1100 N (White/Pulaski County line). The pumps for the irrigation system on Tract 5, as well as Tract 3, are located on Tract 5. Water for the pivots is pulled from Indian Creek on the north side of County Road 1100 N. The two pumps on this Tract are; a 30 hp (for the two 5 tower pivots) and a 50 hp (for the 9 and 3 tower pivots), both electric motors. There is one meter at the 3 phase pole.

Tract 6: 47.00± ac Mostly all wooded. Excellent opportunity for a secluded deer and turkey hunting retreat. There are also 3.7+/- acres of CRP along a portion of the northern and eastern part of the property. The CRP payment is per year per acre) and the CRP contract expires 9/30/23. This tract will have 50 ft.+/- of road frontage along 1000 W. There is a foot bridge across the ditch to access the woods.

If auction tracts 3 and 6 do not sell together, the buyer of Tract 3 will have an easement across Tract 6 for drainage to the ditch near the northern boundary on Tract 6. Pre-closing hunting privileges available. Contact auction managers for details.

TAXES: Tracts 1 & 2:

2019 Real estate taxes payable 2020

(2 Tax Parcel s) - assessments - 3, 4 & 6:

2019 Real estate taxes payable 2020

(8 Tax parcel s) - assessments - 5:

2019 Real estate taxes payable 2020

(2 Tax Parcel s) - assessments - Information:

DCP Cropland 894.36 Acres

Effective DCP Cropland 839.86 acres

CRP Acres 54.5 acres

Corn Base Acres 638.73 PLC Yield 158

Soybeans Base Acres 183.47 PLC Yield 48

Note - Irrigation Information: If auction Tracts 3 and 5 are not sold in the same combination, the buyer of Tract 3 will have an easement over Tract 5 for irrigation equipment in the location of the existing irrigation equipment including pump, water lines & electric lines. If auction Tracts 3 and 5 are not sold in combination, it will be the responsibility and expense of the buyer of Tract 3 to install a new meter to separate the two pumps.

Also, if auction Tracts 3 and 4 are not sold in the same combination, the buyer of Tract 3 will have an easement over Tract 4 to allow the overhang of the 9 tower center pivot to cross and spray over the southeast corner of Tract 4.