Tract 1: 80.03+/- Acres Reno County, KS

156.21+/- Acres Reno County, Kansas

Selling in 2 Tracts On Our

UNRESERVED ONLINE AUCTION

April 25, 2023

Bidding opens April 11, 2023, and ends April 25, 2023, at 11:00 a.m. CDT

Tract 1: 80.03+/-Acres

Description: This 80.03+/- acres is 96.2% ‘Prime’ cropland located in the highly desirable ‘Farnum-Naron’ soil association. It has deep, nearly level to undulating loamy soils. This soil association lays southeast to northwest through central Reno County, narrowing into a 3 to 5-mile wide vein approximately 5 miles west of Nickerson, where this land is located.  It’s in 2022 soybean and milo stubble, ready for 2023 farm operations. Possession passes to the buyer at closing on or before May 25, 2023.  Lime was applied in the last two years. There is no expense to the buyer for the carry-over lime. The land is bordered on the west by Bone Springs Road, and a quarter mile south is 69th Avenue running east and west. Grain delivery is 1.5 miles northeast to paved Hwy 96, then 4 miles north to Sterling, KS, or 5 miles east to Nickerson, KS. 

The bidding increments will be $50/acre. The final sale price will be calculated based on the 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, in Sterling, KS, on April 25, 2023, from 9:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the land. BigIron Realty Representatives will assist buyers with registering to bid and placing bids 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 11, 2023, and ending April 25, 2023, 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 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: N 1/2 of SW 1/416-22-8

2022 Taxes: $1,335.09

Location:  At the Sterling curve 5 miles west of Nickerson on Hwy 96, go 1 mile west on 82^nd Avenue, then a half mile south on Bone Springs Road. Signs are posted.  

FSA:                                       PLC

                           Base            Yield

Wheat                 47.04           41

Gr. Sorghum       30.05           68

Soybeans             5.13           29

Total                    82.22

Mineral & Wind Rights: Seller’s mineral & wind rights go to the buyer at closing, believed to be 100% intact.

Water Rights: To the buyer at closing.  

Possession: To the buyer at closing.

 Owner:

Otis L. Pinkerton 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 must enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1^st Title, 1001 N. Main, Hutchinson, KS 67501.  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 May 25, 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.