Tract 1: 162+/- Acres Reno County, KS

241.46+/- Acres Reno County, Kansas

Selling in 2 Tracts On Our

UNRESERVED ONLINE AUCTION

September 27, 2022

Bidding opens September 13, 2022, and ends September 27, 2022, at 11:00 a.m. CDT

Tract 1

This tract is 162.0+/- acres with 152.87+/- acres of cropland in Walnut Township, just south of the Rice County line. The cropland is planted with 59.97 acres of soybeans and 35 acres of corn. It has 57.9 acres in 2022-crop wheat stubble. The tenant plans to plant all of the cropland to wheat to be harvested in 2023. The Buyer will receive a 1/3 crop share of the harvested wheat and pay 1/3 of the fertilizer. See the paragraph in this description concerning possession. Grain delivery is 7 miles to Alden, KS, or 9 miles to Sterling, KS, with most of that on paved roads. Soils are Hayes-Turon complex and Pratt-Turon fine sands, class 3, 0-5% slopes.

It's bordered on the north by Avenue Y (Rice County) and on the east by Huntsville Road (Reno County). It has a 6.7-acre windbreak on the southwest and west side of the property with outstanding deer habitat next to the cropland. There are game trails everywhere in these trees. The surrounding countryside to the west and southwest has limited public road access. Wildlife flourish in this area. The property has a 2.43-acre farmstead with mature trees, a dilapidated house, and outbuildings. It would make an excellent building site if it were cleaned up. There is an old windmill, a small welded pipe, and a sucker rod corral on the farmstead.       

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:

Studio 96

121 S. Broadway Ave.

Sterling, KS 67579

BigIron Realty Agents will be at Studio 96, Sterling, KS, on September 27, 2022, from9:00 to 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 September 13, 2022, and ending September 27, 2022, at 11:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding will be 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 please register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.  

Legal Description: N ½ of NE and E ½ of NW ¼ 6-22-9 (Reno County, KS)

2021 Taxes:  $1,657.83

Land Location:  From Sterling,  KS, go 2.5 miles south on Hwy 96 to 101 Avenue, then west 8 miles on 101 Avenue and 95 Avenue blacktop to Huntsville Road, then ¾ mile north. From Hutchinson, KS, go west 19 miles on 4^thStreet, to Langdon Road, then 7 miles north to 95 Avenue, then 1 west and ¾ mile north. Signs are posted.

                                                                                                PLC

FSA:                                       Crop               Base              Yield

                                                Wheat            60.94              28 bu

                                                Corn               28.74              120 bu

                                                Gr.Sorg             5.80              42bu

                                                Soybeans        46.71              29 bu

                                                Total               141.77

Mineral & Wind Rights:  Seller’s mineral and wind rights transfer to the Buyer.

Water Rights:  Pass to the Buyer.

Possession: Passes to the Buyer at closing subject to the tenant’s right to harvest any 2022 fall-seeded crop in 2023. It's the Buyer's decision to retain the tenant or give written notification of termination 30 days prior to March 1, 2023, with full possession passing to the Buyer the earlier of: 1) conclusion of the 2023 wheat harvest; 2) destruction of the planted wheat in any manner; or 3) August 1, 2023.

Owner:

Gerald A. Adam

Title Services:

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

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 enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment 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 October 27, 2022. 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 the Buyer's lender 100%. The Seller will pay 2021 and prior year taxes. 2022 property taxes will be prorated to the date of closing. 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.