278.33+/- Acres Stevens County, KS

278.33+/- Acres Stevens County, Kansas

Selling On Our

UNRESERVED ONLINE AUCTION

May 2, 2023

Bidding opens April 18, 2023, and ends May 2, 2023, at 11:00 a.m. CDT

Description: The north pivot on this half section has 127.69 acres planted to 2023 irrigated wheat.  The south pivot has 80.0 acres, and the tenant intends to plant to 2023 irrigated corn. The buyer receives a 1/3 crop share of both crops and pays 1/3 of the fertilizer, herbicide, and pesticides.  The buyer will succeed to the seller’s crop insurance coverage and pay the premium. If desired, the tenant is willing to sell the engine, gearhead, and 2 pivots to the buyer. The north pivot is a 1985 Valley 7-tower system. The south pivot is a 1992 Valley 6 tower system. The engine is a 170 HP Cummings running on natural gas. The irrigation well pumps 650 gallons per minute throughout the growing season. The well was reworked a year ago with reconditioned bowels.  The water right number is 15983, with a priority date of December 12, 1968. It’s authorized 438-acre feet on 283.09 acres.

If irrigated, soils are 30.7% Forgan loam 0-3% slopes, considered ‘Prime’ class 2soils.  The remaining soil is 69.3% Dalhart loamy fine sand 0-5% slopes, considered class 3 soils if irrigated.  

There are 48.77 acres of CRP in the middle and south corners, paying $43.49 per acre ($2,121.00 per year). This CRP contract expires on September 30, 2023. The owner receives a 2/3 share of the CRP payment to be prorated to the closing date.  The seller intends to offer the 48.77 acres for re-enrollment into a new CRP contract by April 7, 2023. If it’s accepted, this gives the buyer the option to move forward with the new CRP contract or decline it.  

There are 19.45 acres of non-CRP grass in the north corners and around the irrigation well. There are 2.42 acres of other land uses, such as trails and the energy company’s saltwater storage tank enclosure.

A gas well near the north pivot point produced an average of 530,000 cubic ft (530MCF) of natural gas per month in the first 11 months of 2022.  The seller has a 50% mineral interest in the natural gas and was paid $3,145.68 in royalties in 2022, nearly enough to pay the property taxes.  This mineral interest passes to the buyer.

The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting & Auction:

Comfort Suites

2891Centennial Blvd

Liberal, KS 67901

BigIron Realty Agents will be at the Comfort Suites in Liberal, KS, on Tuesday, May 2, 2023, from 9 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty representatives will assist buyers with registering and bidding online. You do not have to be present to bid online, but you must be available by phone.

BIDDING PROCESS: You may place bids on this farm for 14 days, beginning April 18, 2023, and ending May 2, 2023, at 11 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 before the auction closes or call 800-887-8625 for assistance.

Legal Description: W 1/2 15-35-35

2022 Taxes: $3,393.79

Land Location: From Keating Tractor & Equipment (John Deere), 7422 Rd 3, Liberal, KS, go west on Rd 3 for 8.25 miles to Stevens County Rd 26. Go south 1 mile on Rd 26 to Stevens County Rd B, then a half mile west. From Hugoton, KS, go east 7 miles on Hwy 51, turn south on Road 20, go 11 miles to Road B, turn east go 5 miles on Road B. The land is on the south side of Road B.

FSA:

                                                PLC

                           Base            Yield

Wheat                 81.1             60

Corn                  132.3           147

Gr. Sorghum       73.1             49

Sunflowers           2.0          1665 

Total                  288.5

Mineral Rights: Seller’s 50% mineral rights pass to the buyer at closing.

Water Rights: Pass to the buyer at closing.

Possession: Passes to the buyer on the north pivot after the 2023 wheat harvest. Possession passes on the south pivot after the 2023 fall crop harvest.  The current tenant controls the irrigation water through the 2023 fall crop growing season.  

Owner: Ralph & Helen Rosenblad Trust

Title Services:

 Farmers & Lawyers Title Co., LLC, 517 S. Main St., Hugoton, KS 67951

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 must enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Farmers& Lawyers Title Co., LLC, 517 S. Main St., Hugoton, KS 67951 (620-697-2163).  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 June 2, 2023.  The seller will provide a marketable title to the buyer, evidenced by title insurance. Title insurance and closing costs are split 50/50 between the buyer and seller. The buyer will pay additional title insurance required by a buyer's lender 100%. Property taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made before 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.