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157.12+/- Acres Pratt County, Kansas
Selling At
UNRESERVED ONLINE AUCTION
October 29, 2024
Bidding opens October 15, 2024, and ends October 29, 2024, at 11:00 a.m.
Description: NW 1/4 16-26-13 is located eight miles north of Pratt, KS, on Hwy 281 to paved NW 90th Rd, then 1 mile west and a half mile north. It has income from CRP, crop production, and a unitized oil interest. It’s 157.12+/- acres of farmland with 154.08+/- acres cropland. It has 2.76+/- acres in a tree grove and .28+/- acres of waste. The 154.08 acres of cropland is divided between 76.93 acres of CRP on the north and 73.63 acres of cultivated acres on the south. A 3.52 acre buffer strip borders the cultivated acres on the east, south and west sides. Soils are 86.9% Hayes loamy and fine sandy loams with 13.1% prime Solvay loamy fine sand. The 76.93 acres of CRP pays $40.17 per acre or $3,090 per year. The CRP contract matures 9-30-31.
The land is leased through the 2025 crop year as follows: The tenant cash leases the CRP plus the 3.52 acre buffer strip around the south field for $1,550 per year or basically 50% of the CRP payment. The 73.63 acres of cultivated land is crop shared with a 1/3 crop share to the buyer. The buyer receives the full CRP payment of $3,090 paid by USDA starting 10-1-2025 through the
9-30-31 maturity. Full possession of the cultivated acres occurs at the conclusion of the 2025 crop harvest. The Seller pays all 2024 and prior year property taxes. Hunting rights are reserved to the land owner and transfer to the Buyer at closing. The CRP grass is in excellent condition with plum thickets offering great hunting. The buyer also receives the Seller’s mineral rights including a .03125 unitized share of an oil well located on the adjoining south quarter (NW of SE of SE of SW 1/4 16-26-13). This well produced an average of 1,112 barrels of oil per year 2018 through 2023. The Seller paid a royalty interest tax to Pratt County of $384.68 in 2023.
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:
BTI John Deere
18 NW 30th St.
Pratt, KS 67124
BigIron Realty Agents will be at BTI John Deere, north of Pratt, KS, October 29, 2024, 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 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 land for 14 days beginning October 15, 2024, and ending October 29, 2024, at 11:00 a.m. unless extended by bidding. There is no buyer premium. 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 prior to the auction close or call 800-887-8625 for assistance.
Legal Description: NW1/4 16-26-13
2023 Taxes: $1,114.76
Land Location: 8 miles north of Pratt, Ks, on Hwy 281 to NW 90th St. Turn west 1 mile to NW 10th Ave, go north a half mile. Signs are posted.
PLC
FSA: Base Yield
Wheat 77.0 30
Mineral Rights: Sellers mineral rights pass to the buyer.
Possession: After 2025 crop harvest on cultivated land. Oct. 1, 2025 on CRP.
Owner: Pleasant Valley Mercia, LLC
Title Services: Security 1st Title, 1320 E. 1st, Pratt, Ks 67124
For more information, contact listing agents:
Mike Campbell 620-899-6989 or Kyle Campbell 620-200-2193
Location
Additional Resources
Terms
All tracts sell ‘AS-IS’ subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. The land is accepted by the Bidder with no representation or warranty of any kind from the Seller or from BigIron Realty, including, but not limited to: the lands condition, it’s suitability for any activity or use, its compliance with environmental protection, pollution, or land use laws, regulations, orders, or requirements, the disposal, existence in, on, or under the land of any hazardous materials or substances. Acreages are based on USDA/FSA records considered reliable and may differ from deeded or taxable acres. Bidders are responsible for conducting their own inspections and due diligence concerning the property. Bidding on this land begins October 15, 2024, and ends October 29, 2024, at 11:00 a.m. unless there are bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. The successful Buyer(s) 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, 1320 E. 1st, Pratt, Ks 67124). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance is due in certified funds at closing on or before November 30, 2024. The Seller will provide marketable title to the Buyer(s) evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer(s) and Seller. Buyer(s) will pay additional title insurance required by a Buyer's lender 100%. Seller will pay 2024 and prior year property taxes. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements. The written purchase agreement, to be signed by the seller and buyer(s) 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.