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380+/- Acres McPherson County, Kansas
Selling in 4 Tracts On Our
UNRESERVED ONLINE AUCTION
April 23, 2024
Bidding opens April 9, 2024, and ends April 23, 2024, at 11:00 a.m. CDT
Description:
This 380+/- acres selling in 4 tracts is some of the finest, best located farmland in McPherson County, KS. USDA-NRCS classifies 100% of the soils on these tracts as ‘Prime’ cropland. The tracts are located between Moundridge and McPherson, KS. Each tract sells individually with no combination of tracts. There is no buyer’s premium. Seller’s mineral rights go to the buyers. Possession on tracts 1, 2 and 3 pass at closing on or before May 23, 2024. Early access for spring planting ahead of closing is available with the 10% down payment increased to 25%. Possession on tract 4 will pass after 2024 wheat harvest. Sellers pay the 2023 property taxes. Buyers receive all 2024 crop income from the land and pay the 2024 property taxes. Read more, see more onBigIron.com > upcoming auctions > April 23, 2024.
Tract 1: 123.07+/- Acres
USDA-NRCS classifies 100% of the soils on this tract as ‘Prime’ cropland. Soils are 96.2% Crete silt loam 0-1% slope and 3.8% Crete silt loam 1-3% slopes. This highly productive land is in the Crete-Smolan soil association with deep, nearly level to gently sloping moderately well drained upland soils. The tract has a full FSA base of 126.0 acres exceeding its cropland of 123.07 acres. This outstanding tract is located halfway between McPherson and Moundridge on Old Hwy 81. It’s currently in 2023 corn stubble and ready for your spring farming operations. Take immediate possession at closing on or before May 23, 2024. Earlier possession for spring planting after the April 23, 2024, auction is available with the 10% down payment increased to 25%. Buyer pays $4,597.30 for fertilizer applied October 3, 2023 for the upcoming spring crop. Weed control burn down chemical applied up to the date of possession will also be reimbursed by the buyer. If subsequently leased 2/3 of this expense can be assumed by the farm operator.
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:
PrairieLand Partners John Deere
2401 E. Northview Road
McPherson, KS 67460
BigIron Realty Agents will be at PrairieLand Partners John Deere, in McPherson, KS, on April 23, 2024, from 9:00 a.m. until 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 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 these tracts for 14 days beginning April 9, 2024, and ending April 23, 2024, 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 on any tract, the bidding period is automatically extended to five minutes on all tracts. 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 Description: S 1/2 of NW 1/4 & NW 1/4 of SW 1/4 36-20-3
2023 Taxes: $1,545.14
Crop Ins
FSA: Base PLC Yield : APH Yield
Wheat 76.94 41 bu. 52
Corn 14.26 121 bu. 100
Gr. Sorg. 5.27 60 bu.
Soybeans 29.53 31 bu. 32
Total 126.00
Mineral Rights: Seller’s mineral rights pass to the buyer.
Possession: To buyer at closing on or before May 23, 2024.
Land Location: From Moundridge, KS, at Arrowhead and Old Hwy 81 go northwest 5 miles to Chisholm Rd, turn west on Chisholm Rd go 1 mile to 17th Ave. Turn north on 17th Ave. a quarter mile. From McPherson, KS, at Hwy 61 / Old Hwy 81 interchange go southeast 5 miles to Chisholm Rd. Turn west on Chisholm go 1 mile to 17th Ave. Turn north on 17th Ave. a quarter mile. Signs are posted.
Owner: Dale E. Schrag Trust
Title Services: Security 1st Title
For more information, contact the listing agent:
Mike Campbell (620-899-6989)
Terms: The property sells ‘AS-IS’ subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. 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. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time on any tract, the bidding period is automatically extended to five minutes on all tracts. This will continue until there is a five-minute period where no bids are placed. 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 1st Title, 211 W. Kansas, McPherson, KS 67460 (620-241-1317). If early access is desired for spring planting ahead of closing, the down payment will be increased to 25%. The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due in certified funds at closing on or before May 23, 2024.The 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 a buyer's lender 100%. Seller pays the 2023 property taxes. Buyer(s) receive all 2024 landowner income and pays the 2024 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 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.
Location
Terms
The property sells ‘AS-IS’ subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. 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. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time on any tract, the bidding period is automatically extended to five minutes on all tracts. This will continue until there is a five-minute period where no bids are placed. 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 1st Title, 211 W. Kansas, McPherson, KS 67460 (620-241-1317). If early access is desired for spring planting ahead of closing, the down payment will be increased to 25%. The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due in certified funds at closing on or before May 23, 2024. The 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 a buyer's lender 100%. Seller pays the 2023 property taxes. Buyer(s) receive all 2024 landowner income and pays the 2024 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 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.