2,211.1+/- Acres Wallace County, Kansas
Selling in 4 Tracts On Our
UNRESERVED ONLINE AUCTION
July 13, 2021
Bidding opens June 29, 2021, and ends July 13, 2021, at 11:00 a.m. MDT
Tract 2: 627.9+/- Acres: This tract consists of irrigated and dryland acres. Per the FSA Certification, there are 300 irrigated acres, 29.3 acres of native grass, with the balance of the acres being dryland. All acres are planted to corn for 2021 at irrigated and dryland populations. The ½ mile pivot windshield wipes three quarters because the northeast quarter does not have water rights. This tract has an 1100 gpm well on the west side, which supplies water to an older half-mile Valley pivot with standard drops nozzled at 1100 gpm. This pivot will sell with the farm. The well is powered by a natural gas motor and gearhead owned by the tenant and will not sell with the farm. A small tract in the northwest corner of this section is not included.
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
PLEASE NOTE: Terms for these tracts have been amended to be more BUYER Friendly. The real estate taxes for the current year AND the cash rent will be pro-rated to date of closing. CLOSING will be on or before August 13, 2021. Closing was previously set for September 15, 2021.
Plan to Attend the Informational Meeting and Auction:
City Library
414 North Main
Sharon Springs, KS 67758
BigIron Realty Agents will be at the City Library in Sharon Springs, KS, on July 12, 2021, from 2:00 p.m. MDT until 5:00 p.m. MDT and July 13, 2021, from 8:30 a.m. MDT until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist Buyers with registering to bid 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 farm for 14 days beginning June 29, 2021, and ending July 13, 2021, at 11:00 a.m. MDT. 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: All of Section 24 Township 14 South Range 42 West of the 6th P.M., Wallace County, KS, containing 627.9+/- acres.
2020 Taxes: $10,045.62
Land Location: Go 3 miles south of Weskan, KS, on Road S-6 to Jack Rabbit Road, then 1 mile east to the northwest corner of the section. The farm is on the south side of Jack Rabbit Road.
Soils: Predominately Keith Silt Loam with some Ulysses Silt Loam
Possession: Open for the 2022 crop year
Owner: LHS Goodland Farms LLC, Kinston, NC
Title Services: First American Title Insurance Company
201 S. College Street, Suite 1440
Charlotte, NC 28244
For more information, contact the listing agents:
John Buhl 402-649-3750 or Ron Stock 402-649-3705
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 First American Title Insurance Company. 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 August 13, 2021. 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. Additional title insurance required by a Buyer’s lender will be paid 100% by the Buyer. The 2021 cash rent and real estate taxes will be prorated to date of closing. The 2022 real estate taxes will be paid by the Buyer. Bidding increments may be changed at the discretion of the Real Estate Agent. 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.
