Box Butte County, Nebraska
Land located: Land Located 3 miles north of Alliance, Nebraska on Hwy. 87 and 4 1/2 miles East on Logan Road.
Legal Description: SE 1/4 Section 11, Township 25 North, Range 47 West of the 6th P.M., Box Butte County, Nebraska (Except Home site in the SW 1/4SE1/4) Exact Legal determined by Title Insurance.
General Description: This is a large Quarter with 142 +/- acres under Pivot Irrigation and 21 acres in corners. The land has a 1984 Zimmatic 8 Tower Center Pivot with 16,792 hrs., The well is pumped by a 50 Hp. Electric Irrigation Motor. The Pivot is a high pressure system. The Booster pump on the end gun may need replaced. The well is an added benefit with the pumping level at approximately 68 feet. Pumping cost average for the last 3 years is $34.60 per acre!
The East Half of the Circle is new Alfalfa planted in 2004. The West Half was in Corn for 2004. The land is suited to raise all crops associated with the area including Alfalfa, Corn, Beets, Beans and Potatoes.
The land has a good fence on 3 sides with the south side being open. The corners have a good stand of grass and have been hayed (with exception of last year).
Taxes: 2004 Real Estate Taxes are $1,037.58. All 2004 Taxes and prior will be paid by the Seller. The Buyer will assume the 2005 Taxes and thereafter.
FSA Information: The farm is signed up to participate in the current farm program. Farm # 2380. FSA maps show 173.6 acres in the farm however this may include the 6.8 acres home site already sold off. Older maps show 142.5 acres under the pivot and 21.1 acres in the corners (which are grass). There is a 6.3 acre corn base with a 42 bu. yield.
Mnerals: The Seller is reserving none of the existing minerals. The land is not under current oil, gas or mineral lease.
Well Registration Info.: The irrigation well is Reg. # G-069395 drilled 4/27/84, 144 acres, 900 GPM, static 43 ft., Pumping level 68 ft., total well depth 360 ft.
Possession: The Buyer will have full possession on closing on the entire East Half. The West Half is rented on a 1/3-2/3 share by an excellent tenant. The Buyer will assume the Landlord’s 1/3 share of the 2005 crop. Should the Buyer wish to retain the east half circle of hay, the power bill was divided 1/2 & 1/2. The tenant has expressed interest in farming the entire Quarter.
Terms: The price will be determined at Auction. Contact your local Lender now to make arrangements to buy! The sale of this property is not contingent upon loan approval. All financial arrangements must be made prior to the sale. The earnest deposit required sale day upon being the successful bidder will be $25,000.00. This will apply to the purchase price and the balance will be due at closing on or before March 16th, 2005. This closing may have to be extended and an “Early Occupancy Agreement” may be necessary in order to deliver Clear Title to the property. The sale is subject to Seller confirmation; however it is the intention of the Seller to sell to the highest and best bidder. The land will be sold by the “Lump Sum”. The Seller agrees to co-operate with a Buyer in using a 10-31 Tax-Deferred Exchange (not to exceed intended closing).
The Auction will be held at the Alliance American Legion Club at 1504 West 3 rd St. in Alliance, NE.
The information contained herein has been obtained from sources believed to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Buyers should make their own investigations and inspections. Please contact Kraupie's for additional information.