533 ACRES IRRIGATED LAND
Friday April 26, 2013 SALE TIME 1:30 pm
Sale to be held at the Community Center in Lewellen, Nebraska
Tract One: $1,230,000
Tract Two: $725,000
Country Home, Pivot & Flood Irrigated Farm
Dry Land & Grass Land!
The Farm land is in an area widely known to be one of the top corn producing areas in the country! Great Waterfowl Hunting! Great Migrating Bird Viewing!
Up to date Irrigation Equipment!
TRACT ONE: 303 ACRES +/- Nice Country Home/ Grain Bins, Steel Shed & Two Center Pivots.
Productive Farm! This is a great location on the highway just minutes from Lake McConaughy. Great field hunting in one of the best areas for Waterfowl on the Central Flyway!
193 Acres Cultivated Irrigated Farmground, 24 acres Dryland Farmground, 65 acres Grass, and 19.4 acres of bottomland with trees near and including the Headquarters, balance in roads.
The farm land is primarily all capable of being irrigated with Blue Creek Ditch Water or Well water! There are to be 174 acres planted to corn.
The Home on this Tract is a Nostalgic 2 Story Home with 2,008 sq. ft. on 2 levels built in 1916. Full unfinished basement. 5 Bedrooms, 1 Bath. A 76X40 B&C Steel Building with full cement floor. 2 – 5,000 Bu. Chief Grain Bins. Many Trees for protection from the weather providing Wildlife Habitat for Deer & Turkey! Field Hunting is also an added benefit.
LOCATED: From Lewellen NE, one mile East on Hwy 26 & 92 to the Southeast corner of Tract #1. CR 203 divides the Tracts.
LEGAL DESCRIPTION: E1/2 of Section 27, Twp. 16 N, Range 42 all West of the 6th PM in Garden County, Nebraska
2012 REAL ESTATE TAXES: $3,260.20
CH Records indicate 303 total taxed acres.
IRRIGATION EQUIPMENT: 2012 Reinke Center Pivot, 2006 Zimmatic Center Pivot, 50 Hp. Electric Motor on a 900 gpm Well!
FSA: 124 acres Corn Base (approx.), 138 bu. FSA Yield
WATER RIGHTS: Plus, 175 Acres Blue Creek Irrigation Water. (2013 cost will be $19.00/acre)
North Platte NRD Info: 180.1 acres adjudicated water right under the Well. Remaining water allocation 43.2 inches for 2013, and an additional 14 inches added to the remaining water in 2014.
SALE DAY DEPOSIT: $100,000.00
TRACT TWO: 230 ACRES +/- Excellent Flood Irrigated Land & Grass A very productive Farm! The cultivated land has approx. 77% Class 1 Bayard Loam Soils (0-1% slope). Livestock Well. Benefit from a 2,000 Gallon Irrigation well and plenty of surface water rights. Field Hunting is also an added benefit. 146 Acres Cultivated Irrigated Farmground, 20 acres Dryland Farmground, 53 acres Grass and native hay land, balance in trees and roads.
The current farmer has not had to use the irrigation well for the last 3 years. There are to be 145 acres planted to corn.
LOCATED: Lewellen NE, 1 1/2 miles East on Hwy. 26 & 92 to the Southwest corner. CR 203 divides the Tracts.
LEGAL DESCRIPTION: East 912 ft. of NW1/4NW1/4, NE1/4NW1/4, SE1/4NW1/4, E1/2SW1/4NW1/4, Pt. NW1/4SW1/4 Section 26, W1/2SW1/4NW1/4, W1//2SW1/4 (less 5 acres) (2 acres Blue Creek Irrigation District) in Section 26, Twp. 16 N, Range 42 West of the 6th PM in Garden County, Nebraska.
2012 REAL ESTATE TAXES: $2,174.10 on 229.72 taxed acres.
FSA: 94 acres Corn Base (approx.), 138 bu. FSA Yield
WATER RIGHTS: 162 Acres Blue Creek Irrigation Water. (2013 cost will be $19.00/acre)
North Platte NRD Info.: 145.8 acres adjudicated water right under a shared irrigation Well.
SALE DAY DEPOSIT: $50,000.00.
TERMS: The land is to be sold for Cash. All financial arrangements must be made prior to the Auction. The sale is subject to Seller confirmation. However it is the Seller’s desire to sell to the highest and best bidder. The Sale Day Deposit will be made day of sale upon being the successful bidder which will require signing the Purchase Agreement. Buyers agree to co-operate with the Seller(s) in using a 10-31 Tax Deferred exchange at no expense to the Buyer. The deposit will be applied to the purchase price with the balance due at closing on or before May 21, 2013.
MANNER OF SALE: Tracts will be offered individually and as a Unit.
TITLE: The Seller’s will convey property by applicable Warranty Deed supported by Title Insurance, showing clear title at a cost of 1/2 to Seller and 1/2 to Buyer.
TAXES: Seller agrees to pay customary closing costs and taxes to December 31, 2012.
MINERALS: The Sellers are reserving no minerals. All available minerals remain with the land.
POSSESSION: Buyer will have possession on closing subject to the current lease for the 2013 crop year. The Buyer will have full possession of the Home, Grassland and Dryland farm ground. The Buyer will receive a Landlord’s 40% rent share on the 2013 crop production. The expenses for the crop are shared as the lease and any expenses incurred by the Seller (as Landlord) will be the Buyer’s obligation in return for a 40% share of the crop.
CROP INSURANCE The Landlord’s crop insurance will also be a benefit to the Buyer. The Buyer will be required to assume the crop insurance and it’s premium which provides for an 85% revenue protection based on a 188 bu. (Tract 1) and 184 bu. (Tract 2) proven yield! This guarantees $361.00 and $354.00 per planted acre for the Buyer!
The property will be sold subject to existing property lines.
NOTE: This Information Was Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested parties should and are expected to conduct their own analysis. All Agent’s representing Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents. For more information or a showing please contact Steve Erdman @ 308-631-4655 or 308-262-1150. Buyer’s and Agents should note, we will not accept Sub-agency without prior written consent.