148.26+/- Acres Finney County, KS

148.26+/- Acres Finney County, Kansas

Selling On Our

UNRESERVED ONLINE AUCTION

April 12, 2022

Bidding opens March 29, 2022, and ends April 12,2022, at 11:00 a.m. CDT  

This 148.26± acre property is 9.5 miles north of Garden City, KS, on Hwy 83.  It borders the east side of Hwy 83 with Wiebe Road on the north.   It’s 97.5% Class 2, Beeler silt loam 0-1%slopes and Class 2 Beeler/Ulysses silt loam 1-3% slope.  It’s farmed in thirds in a wheat, sorghum, fallow rotation with excellent residue management.  The north 50.26 acres is planted to wheat with the Buyer receiving a 1/3 owner’s crop share.  No reimbursement is required for owner inputs on the wheat.  The Buyer must succeed to the owner’s crop insurance policy and pay the premium. The middle 50 acres is wheat stubble; the south 48 acres is forage sorghum stubble.  The Buyer receives immediate possession of these 98 open acres at closing.  Possession of the wheat acres happens at the conclusion of the wheat harvest.  Grain delivery is 2.5 miles away at Tennis, KS.  The Seller’s mineral rights are believed to be 100% intact and pass to the Buyer.  Seller pays 2021 and prior year taxes.  Buyer receives all 2022 income and pays all2022 taxes.  Don’t miss the opportunity to own this quarter.  Interest rates this low won’t happen again in your lifetime.           

The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.

Plan to Attend the Informational Meeting and Auction:

Clarion Inn

1911 E Kansas Ave

Garden City, KS

BigIron Realty Agents will be at the Clarion Inn, in Garden City, KS, April 12, 2022, from 9:00 a.m. CDT until the conclusion of the online auction.  Please come at this time to discuss the land.  BigIron Realty representatives will be there to assist Buyers with registering to bid and placing bids online. You do not have to be present to bid online, but you are required to be available by phone.

BIDDING PROCESS: You may place bids on this land for 14 days beginning March 29, 2022, and ending April 12, 2022, at11:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed.  NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

Legal Description:  NW 1/4 18-22-32   

2021 Taxes:  $511.15

Land Location:  9.5miles north on Hwy 83 from the Hwy 83 and Hwy 50 interchange on the north side of Garden City, KS.  It borders the east side of Hwy 83 with Wiebe Road on the north.  BigIron Realty signs are posted. 

                                                          Base              PLC               

FSA:               Crop                          Acres             Yield              

                        Wheat                        47.95              37

                        Grain Sorghum         47.95              56

Mineral Rights:  Seller’s mineral rights to the Buyer, believed 100% intact.

Water Rights:  Pass to the Buyer.

Possession:  At closing on 98 acres of open cropland.  On 50.26 acres of planted wheat the earlier of 1) conclusion of the 2022 wheat harvest; 2) destruction of the 2022 wheat crop; or 3) August 1, 2022.

Owner:

  Blenard C. Wilson and Steve Wilson

Title Services:

 Security 1^stTitle, 1135 College Dr. STE K, Garden City, KS 67846

For more information, contact the listing agent:

Mike Campbell (620-899-6989)

Terms:  The sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any.  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1^stTitle, 1135 College Dr. STE K, Garden City, KS 67846 (620-275-6500). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before May 12, 2022.  The Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller.  The Buyer will pay additional title insurance required by a Buyer's lender 100%.  Seller pays 2021 and prior year real estate taxes. Buyer pays 2022 real estate taxes. The property will not be sold subject to financing.  Have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the Seller.