77.7+/- Acres Reno County, KS

77.7+/- Acres Reno County, Kansas

Selling On Our

UNRESERVED ONLINE LAND AUCTION

May 24, 2022

Bidding opens May 10, 2022, and ends May 24,2022, at 11:00 a.m. CDT      

 This 77.7+/- acres of quality cropland sells unreserved (absolute) to the highest bidder.  It’s 76% ‘prime farmland’ composed of Farnum, Funmar, Taver, and Solvay loams.  24% is Hayes-Solvay loamy fine sands a soil of ‘statewide importance’.  It’s being farmed with high residue management producing good yields.  It has outstanding access with paved 4th Street on the north and paved Langdon Road on the east.  Take Langdon 5 miles south to Hwy 50, then one mile east to grain delivery in Plevna, KS.  The land is planted to wheat to be harvested by the tenant in 2022. The seller pays all 2022 and prior year property taxes. Possession goes to the Buyer after wheat harvest at the closing.  Buyer receives Seller’s mineral rights believed to be 100% intact.  Don’t miss the opportunity to own this quality cropland. 

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 & Auction:

Community Center

101 W. Ave. C

South Hutchinson, KS 67505

BigIron Realty Agents will be at the Community Center in South Hutchinson, KS, on May 24, 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 May 10, 2022,

and ending May 24, 2022, at 11:00a.m. CDT. This unreserved online land 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:  N 1/2 of NE 1/4 17-23-9 Reno County 

2021 Taxes:  $1,229.69

Land Location:  Southwest of the 4^th Street and Langdon Road intersection in western Reno County, KS. 

                                                            Base              PLC               

FSA:               Crop                          Acres             Yield              

                        Wheat                        44.7                38                   

                        Gr. Sorghum             31.4                44                   

Crop Insurance

APH Yields:  Wheat 42 bu.; Corn 71 bu.; Gr. Sorg 69 bu.; Soybeans 38 bu.  

Mineral Rights:  Seller’s minerals pass to Buyer, believed 100% intact

Water Rights:  To the Buyer at closing.

Possession:  After wheat harvest at closing.  

Owner:

T A & Margaret Erhard Irrevocable Trust

Title Services:

Security 1^st Title, 1001 N. Main, Hutchinson, KS 67501

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, 1001 N. Main, Hutchinson, KS 67501 (620-669-8289).  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 24, 2022.  The Seller will provide marketable title to the Buyer evidenced by title insurance.  Title insurance and closing costs are split50/50 between Buyer and Seller.  The Buyer will pay additional title insurance required by a Buyer's lender 100%. Seller pays 2022 and prior year 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.