Tract 2: 156.91+/- Acres Kingman County, KS

542.28+/- Acres Kingman & Reno County, Kansas

Selling in 4 Tracts On Our

UNRESERVED ONLINE AUCTION

October 25, 2022

Bidding opens October 11, 2022, and ends October 25, 2022, at 11 a.m. CDT

Tract 2:

Here's an excellent, mostly ‘prime’ quarter of156.91+/- acres located between Cunningham and Penalosa on paved NW 50 St.  Land of this quality is rarely available in Dresden and Eureka townships. It has 130.29 acres of cropland with a matching 130.29acres of FSA wheat base. The cropland is nearly all ‘prime’ class 2 soils, including Nalim loam (0 to 1% slope) and Shellabarger-Nalim complex (1 to 3%slope). It's currently planted in drought-affected milo. These prime soils produce top yields in any other year with regular moisture and fertilization. There are 26.62 acres of native grass and trees in the southwest corner. It's bordered on the south by a mature windbreak. It's bordered on the east by NW 150 Ave. and on the north by paved NW 50 St. The property has great access to grain delivery points: 4 miles to Penalosa, 6.5miles to Cunningham, or 6.5 miles to Turon. Don’t miss the opportunity to own this quality, well located land!

Bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid with no buyer premium.

Plan to Attend the Informational Meeting & Auction:

Kingman Expo Center

121South Main

Kingman, KS 67068

BigIron Realty Agents will be at the Kingman Expo Center in Kingman, KS, on October 25, 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 October 11, 2022, and ending October 25, 2022, at 11 a.m. CDT. 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.

Auctioneer Comments:

This 542.28+/- acres contains some of the best farmland available in Kingman and Reno Counties. It sells in 4tracts with no combination of tracts. It offers 439.17+/- acres of cropland, of which 342.22+/- acres are ‘Prime Farmland’ per the U.S. Department of Agriculture (USDA), Natural Resource Conservation Service (NRCS). The remaining cropland is primarily ‘soils of statewide importance.’  The number of acres selling on each tract is determined by the U.S. Department of Agriculture, Farm Service Agency (FSA)which is considered the most accurate.

All tracts are either on or within one mile of a paved road with easy access to multiple grain delivery points. The Seller’s mineral and wind rights go to the Buyer(s) and are believed to be 100% intact.

Tracts 1, 2, and 4 are planted to milo for the 2022 harvest. Buyers receive full possession the earlier of 1)conclusion of the 2022 milo harvest; 2) destruction or abandonment of the milo; or 3) December 31, 2022. Tract 3 was planted to wheat for grazing, and full possession passes immediately at closing.

Real estate taxes on all tracts are prorated to the date of closing.

Legal Description:  NE 1/4 10-27-10 (156.91+/- acres, Kingman County, KS)

2021Taxes:  $1,150.98

Land Location:  From Penalosa, go 4 miles west on paved NW 50St.  From Cunningham, go 5 miles north on paved NW 170 Ave., then 1.5 east on paved NW 50 St.  From Turon, go 5 miles south on NW 170 Ave., then 1.5 east on paved NW 50 St.

                                                                                                PLC

FSA:                                       Crop               Base              Yield

                                                Wheat            130.29            32 bu

Mineral & Wind Rights:  Seller’s mineral and wind rights, believed 100% intact, pass to the Buyer.

Water Rights:  Pass to the Buyer.

Possession: Buyer receives full possession the earlier of: 1) conclusion of the 2022 milo harvest; 2) destruction or abandonment of the milo; or 3) December 31, 2022.

Owner:  Three K Farms, Inc.

Title Services:

Security 1^st Title, 410 N. Main, Kingman, KS 67068

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, 410 N. Main, Kingman, KS 67068 (620-532-2011). 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 November 30, 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.