iAuction Terms & Conditions 

1. Procedure: Bidding ends Thursday, September 15, 2022 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Acre.   

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, September 16, 2022 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, October 20, 2022. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2021 and 2022 Real Estate taxes to be paid for by the Sellers.  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. This property is subject to prior sale. 

Wayne Co., IL Land iAuction – The Seidel Farm 

Bidding ends Thursday, September 15^th at 10AM. 

Twenty years after the death of Roy Seidel and 19 years after the death of Roy Seidel, Jr. the family members have decided to sell the remaining 709.64± acres of the Roy Seidel Farm at an Internet Only Auction. The farm has been owned by the family for the last 57 years! Sellers: Michael Seidel, Paula Seidel Proctor, and Wilma Dobsch   

These 709.64± acres are conveniently located 3.8 miles south of highway 15 on county road 1250, 7.1 miles east of Wayne City and 10.2 miles southwest of Fairfield. The land is being offered in 8 tracts and consists of highly productive cropland with soils consisting mostly of Bonnie silt loam (PI 111) and Piopolis silty clay loam (PI 108). The Farm Service Agency figures there to be approximately 640± acres of cropland. The balance of the land is woods and waterways and does offer some excellent hunting and recreation. If you’re looking to add to your farming operation or investment portfolio be sure to give the Roy Seidel farm a good look. You won’t be disappointed! 

For more information call or text Jason Wallingford at 314-882-6971. 

Tract 1: 36.44 acres with 33.68 acres of cropland and 8.27 acres of that are in CRP Filter Strips paying $207.60 per acre through September 30, 2030. The soil types are Bonnie silt loam and Piopolis silty clay. The average Crop Productivity Index is 109. 

Tract 2: 207.02 acres with 199.85 acres of cropland and 44.08 acres of that in CRP Filter Strips. 28.98 acres are paying $207.60 per acre through September 30, 2025 and 15.10 acres are paying $122.00 per acre through September 30, 2028. The soil types are Bonnie silt loam and Piopolis silty clay. The average Crop Productivity Index is 109. 

Tract 3: 137.35 acres with 114.44 acres of cropland and 19.17 acres of that in CRP Filter Strips. 2.80 acres are paying $207.60 per acre through September 30, 2025, 2.18 acres are paying $121.68 per acre through September 30, 2028, and 14.19 acres are paying $207.60 per acre through September 30, 2030. The soil types are Bonnie silt loam, Piopolis silty clay, and Belknap silt loam. The average Crop Productivity Index is 110. This tract has excellent hunting and recreation opportunities with approximately 21 acres of woods. 

Tract 4: 112.94 acres with 106.88 acres of cropland and 8.64 acres of that are in CRP Filter Strips paying $207.60 per acre through September 30, 2030. The soil types are Bonnie silt loam and Piopolis silty clay. The average Crop Productivity Index is 109. 

Tract 5: 112.91 acres with 107.86 acres of cropland and 15.73 acres of that are in CRP Filter Strips paying $207.60 per acre through September 30, 2025. The soil types are Bonnie silt loam, Piopolis silty clay, and Belknap silt loam. The average Crop Productivity Index is 110. 

Tract 6: 50.18 acres with 40.05 acres of cropland and 7.70 acres of that are in CRP Filter Strips paying $122.00 per acre through September 30, 2028. The soil types are Bonnie silt loam and Belknap silt loam. The average Crop Productivity Index is 112. This tract has excellent hunting and recreation opportunities with approximately 10 acres of woods and approximately 1,500 feet of frontage on the Skillet Fork River. 

Tract 7: 22.80 acres with 18.96 acres of cropland and 4.28 acres of that are in CRP Filter Strips paying $122.00 per acre through September 30, 2028. The soil types are Bonnie silt loam and Belknap silt loam. The average Crop Productivity Index is 112. 

Tract 8: 29± acres with 18.83 acres of cropland with the soils consisting mostly of Wynoose silt loam and an average Crop Productivity Index of 97. This parcel of land was also the Seidel homestead. Utilities are onsite along with 3 grain bins totaling 40,000 bushels of storage, machine shed, shop, older barn, and small pond.