Sioux County CRP Land

Income Producing CRP LAND

478 Acres +/-    Sioux County, NE

SOLD! $380, 000.00

Excellent income producing property. This Farm is entirely in The Conservation Reserve Program (CRP). The land has been planted to grasses and trees in compliance with the guidelines for CRP. The grass land program (#10024) began in 2011. The CP5A programs were initiated in 2010 & 2011. All previously Dryland farmground. There is a nice shelterbelt on the north side of the east half mile which is not in CRP. Potential Buyers should estimate the rate of return as well as potential depreciation!

The property, with all of the habitat, will offer good hunting for Deer and Upland Game!

  

LOCATED: from Hemingford, Nebraska 19 miles west on Hwy 2 & 71 to Road 89 and 2 miles south (to the northeast corner). Franklin Road borders the north side.

LEGAL DESCRIPTION: NW ¼, E 1/2 (less the home site of 1.903 acres) in Section 25, Township 27 North, Range 53 West of the 6th P.M., Sioux County, Nebraska.

2011 REAL ESTATE TAXES: $1,388.60  (Taxed Acres 478.091)

FARM SERVICE AGENCY:

CRP Contract #10024 in effect until 9/30/2021 paying $43.62 per acre on 297.7 acres (Grass), or, $12,986.00 per year.

CRP Contract #790 in effect until 9/30/2026 paying $58.66 per acre on 51.3 acres (Trees), or, $3,009.00 per year.

CRP Contract #780 in effect until 9/30/2025 paying $54.04 per acre on 48.5 acres (Trees), or, $2,621.00 per year.

CRP Contract #723in effect until 9/30/2024 paying $55.96 per acre on 81.4 acres (Trees), or, $4,555.00 per year.

Total CRP 478.9 acres with a total annual payment of $23,171.00.

Total Estimated FSA cost share, $136,843.00

FSA Cropland 478.83 acres +/-

The Seller will transfer these contracts to the Buyer after closing. FSA Payments, and taxes, may be prorated to date of Closing.

The Seller will also guarantee compliance as far as “stand of trees” or “grassland” on sale date.

POSSESSION: The Buyer will have full possession on closing.

MINERALS: The Sellers are reserving a one half non-participating interest in oils, gases and minerals for 20 years from date of Deed.

ADDITIONAL FARM SERVICE AGENCY INFORMATION: The Buyer must assume, and comply with the current farm program and CRP Contract.  Note: Buyers must be eligible to receive the Farm Program Payments.

TITLE: The Seller’s will convey property by Warranty Deed supported by Title Insurance, showing good and merchantable title, subject  to easements and restrictions of record, at a cost of one-half to Seller and one-half to Buyer.

TAXES: Seller agrees to pay customary closing costs and taxes up to Closing. The Buyer will be responsible for the subsequent Real Estate Taxes. A credit may be given to the Buyer at Closing, based on the most recent valuation and mill levy.

Disclosures: The Home tract does have an easement attached for the right of ingress & egress.

Buyers are buying this property “As Is”.

Buyer should be aware that there may be highly erodible land, wetlands, noxious weeds or endangered species on the property.

The Sellers agree to co-operate if the Buyer will be using a 1031 Tax Deferred Exchange, not to exceed the contractual closing.

Seller & Buyer agree to indemnify & hold harmless all agents, and each other, as to the environmental condition of this property.

All acreages represented are “more or less” based on measurements from FSA & the County Assessor.

All representations made by Kraupie’s as Seller’s agents are deemed to be correct; however any potential buyer should rely on their inspections and investigation of the land.

Buyer and Seller acknowledge and understand that the closing may be handled by an Escrow Agent and the listing Broker is authorized to transfer the Deposit or any funds received, to the Escrow Agent. Escrow Agents charges shall be equally divided between Buyer and Seller.

The Buyer will pay the recording fee to record their Deed and the deed of trust or mortgage, if any.

This Information Was Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested Buyer’s and Agents should note, we will not accept Sub-agency without prior written consent. All Agents representing Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents. For additional information please contact Kraupie’s in Bridgeport at 308-262-1150.

Contract #780 in effect until 9/30/2025 paying $54.04 per acre on 48.5 acres (Trees), or, $2,621.00 per year.

 

CRP Contract #723in effect until 9/30/2024 paying $55.96 per acre on 81.4 acres (Trees), or, $4,555.00 per year.

Total CRP 478.9 acres with a total annual payment of $23,171.00.

Total Estimated FSA cost share, $136,843.00

FSA Cropland 478.83 acres +/-

The Seller will transfer these contracts to the Buyer after closing. FSA Payments, and taxes, may be prorated to date of Closing.

The Seller will also guarantee compliance as far as “stand of trees” or “grassland” on sale date.

POSSESSION: The Buyer will have full possession on closing.

MINERALS: The Sellers are reserving a one half non-participating interest in oils, gases and minerals for 20 years from date of Deed.

ADDITIONAL FARM SERVICE AGENCY INFORMATION: The Buyer must assume, and comply with the current farm program and CRP Contract.  Note: Buyers must be eligible to receive the Farm Program Payments.

TITLE: The Seller’s will convey property by Warranty Deed supported by Title Insurance, showing good and merchantable title, subject  to easements and restrictions of record, at a cost of one-half to Seller and one-half to Buyer.

TAXES: Seller agrees to pay customary closing costs and taxes up to Closing. The Buyer will be responsible for the subsequent Real Estate Taxes. A credit may be given to the Buyer at Closing, based on the most recent valuation and mill levy.

Sioux Co. CRP Fact Sheet         Aerial drawn with home site out