Adcock Farms – 379 Acres +/-, McGrew, NE

SOLD!  $145,000 – April 2015

Located:  From McGrew Nebraska on Hwy 92: 3/4 mile west 1 mile south on CR 34 and 1 mile west on CR X to the south east corner.

Your Chance to own part of “Castle Rock” a historic landmark on the Oregon Trail. South of  the North Platte River in Western Nebraska. Farmland, CRP, and Grass all in one unit! The western portion of this land is very scenic! Breath taking views of the Valley.

This parcel contains 379 taxed acres and is all contiguous. The farmed field has a north facing slope. The CRP lands are in smaller irregularly shaped fields and are not fenced separately. The pasture is also of somewhat of an irregular shape.

There are 128 acres of land enrolled in the Conservation Reserve Program (CRP) Program. In gathering information from the Farm Service Agency, it was determined that the CRP rental income is shared 50/50 with the Tenant. The Land Owner’s share is $2,012.00 per year. The CRP contract to the FSA expires in the year 2025. Please be aware that the land must remain in CRP until 2025 and the Buyer must assume and comply with the existing Conservation Reserve Program Contract.

There are also 123.6 acres +/- strip farmed in actively farmed fields. Currently in Corn and Wheat Stubble.

There are 126 acres in native pasture land. This land lays between the previously farmed fields in CRP. The perimeter is not fenced.

LEGAL DESCRIPTION: Tract Two: S1/2 Section 5, E1/2SE1/4 Section 6 all in TWP 20 N Range 53 West of the 6th PM in Scotts Bluff County, Nebraska.

2014 REAL ESTATE TAXES: $1,767.84 more or less.

FARM SERVICE AGENCY:   128 acres +/- CRP cropland. 123.6 Acres +/- Farm Land 112.4 +/- Grass Land.

  • CRP Rental rate per acre: $34.40
  • Annual CREP Contract Payment $4403.00 per year. (Split 50/50 with tenant.)

ASKING PRICE: $171,000.00

POSSESSION: On Closing subject to the Tenant’s Rights to Harvest the 2015 and 2016 non-irrigated crop. The Buyer will receive a 1/3 (Landlord’s) Share of the crops grown and harvested for 2015 and 2016. This land is farmed in a “Summer Fallow” rotation meaning roughly only 1/2 of the land will be planted each year.

FARM SERVICE AGENCY: The Buyer will be responsible to assume, and comply with the current farm program and CREP Contract. The Program that this land is in has limitations. The CRP land cannot be farmed or grazed unless expressly permitted by the Farm Service Agency. Note: Buyers must be eligible to receive the Farm Program Payments.

TITLE: The Seller’s will convey property by Corporation 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 Real Estate taxes up to December 31, 2015.

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 acreages represented are “more or less.”  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.