Per Acre
By bidding you are agreeing to terms and conditions of BigIron Realty. Click Terms and Conditions to view details.
The bidding increments will be US $50/acre. The final sale value will be calculated based on total acres times highest bid.
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General Description
: This 76.56 +/- acre tract contains 73.57 +/- acres of cropland and 2.99 acres of timber on the south side. It’s in 2019 corn stubble. No-till farming practices have been used extensively with good production. It’s ready for your 2020 farming operation and close to grain markets in Sterling, KS. The land is located three miles west of Sterling, KS, on Ave W, then two miles south on 12th. The 2.99 acres of timber are home to deer and other wildlife, as shown on game cameras. USDA-FSA has this tract combined with other tracts, so bases shown are estimates based on a cropland ratio. The estimated FSA base in 73.0 acres. The cropland is primarily Turon-Carway Complex 0 to 5% slopes. 100% of the mineral rights go to the buyer. Immediate and full possession goes to the buyer at closing with no tenant interest.The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Studio 96
121 South Broadway
Sterling, KS 67579
BigIron Realty Agents will be at Studio 96, in Sterling, KS, on Wednesday, February 12, 2020, from 1 to 5 p.m., and February 13, 2020, from 8 a.m. 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 beginning Jan. 23, 2020, and ending Feb. 13, 2020, at 10:00 a.m. This unreserved online auction features bidding extensions. All tracts sell individually with no combination of tracts. The closing times will be automatically extended when any one of the tracts receives a bid in the last five minutes and all tracts will close simultaneously when none of the tracts receive a bid for five minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. 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: S ½ of SE ¼ 35-21-9 (Rice County, KS)
2019 Taxes: $453.81
Land Location: Three miles west of Sterling, KS, on Ave W, then two miles south on 12th.
FSA: Estimated Base Yield
Wheat 37.93 38 bu.
Corn 31.06 119 bu.
Soybeans 4.01 38 bu.
Total 73.00
Mineral Rights: 100% to buyer
Water Rights: Pass to a buyer
Possession: At closing
Owner: River Valley Farms, Inc - Gary Proffitt
For more information, contact 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 1st Title, 108 East Ave S, Lyons, KS. The earnest money deposit can be made by personal check, company check or by wire transfer. The balance will be due at closing on or before March 6, 2020. 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. Real estate taxes for 2019 to be paid by the seller. 2020 taxes will be prorated to the date of closing. 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.
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Terms
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