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396.72+/- Acres Reno County, Kansas
Selling in 2 Tracts At
UNRESERVEDONLINE AUCTION
October 31, 2024
Bidding opens October 17, 2024, and ends October 31, 2024, at 11:00 a.m.
Description: The N 1/2 7-25-8 is 100% ‘Prime’ cropland according to the USDA-Natural Resource Conservation Service (NRCS). They are Shellabarger, Ost-Clark and Albion loams. This is a beautiful half section with black top roads on two sides: Arlington Road on the north and Sterling Road on the west. A gravel road is on the east (Peace Road). In 2022 the tenant enrolled the land in a 5 year, USDA-NRCS, Environmental Quality Improvement Practice (EQIP). The practice is called ‘Soil Health Initiative’. The Buyer has NO obligation to continue this practice and there is NO penalty for terminating the practice. The practice is used to build soil health through crop rotations, cover crops, crop residue management and nutrient management. In 2024, the tenant has the land in 4 quadrants comprised of 71 acres in one year old alfalfa; 71 acres in forage sorghum; 68.36 acres in wheat; and 69.2 acres in grain sorghum. In between these quadrants is 36.57 acres planted in 60 ft and 90 ft wide buffer strips of sudan forage for grazing, haying, wildlife habitat and hunting. Electric fence surrounds each quadrant to control cattle grazing on each quadrant. A new solar livestock well with a tank provides water for livestock in the center of the quadrants. The tenant invested $10,500 to develop the solar well and is willing to sell it to the new buyer for $8,500 or he will remove it. Livestock panels and electric fencing belong to the tenant. The tenant will have 2025-crop wheat planted on the northeast and southwest quadrants. The buffer strips and southeast quadrant will be planted to a rye cover crop. The land is cash leased for $50 per acre per year on a year to year, verbal lease. Unless the new buyer gives the tenant a written notice of termination 30 days prior to March 1, 2025, the existing cash lease agreement continues for another year. On land planted to a 2024 fall seeded grain crop (wheat) the tenant has the right to harvest those acres in 2025. If a proper notice of termination is given 30days prior to March 1, 2025, the buyer will have full possession March 1, 2025,on land not planted to a 2025 grain crop. The Seller pays 2024 and prior years property taxes.
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:
Reno County: Community Center
101 West Avenue C
South Hutchinson, Ks 67505
BigIron Realty Agents will be at the Community Center, in South Hutchinson, KS, on October 31, 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: This land sells in 2 individual tracts, with no combination of tracts. There is no buyer premium. You may place bids on these tracts for 14 days beginning October 17, 2024, and ending October 31, 2024, at11:00 a.m. unless extended. 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 24hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: N 1/2 7-25-8
2023 Taxes: $3,174.89
Land Location: 2.5 miles west of Arlington, KS, on paved Arlington Road. Signs are posted.
FSA: Base PLC Yield
Wheat 269.3 28
Gr. Sorg. 36.8 41
Total 306.1
Mineral Rights: Seller’s mineral rights transfer to the Buyer.
Possession: At closing subject to tenant’s rights to harvest 2024 fall seeded crops in 2025.
Owner: Pleasant Valley Mercia, LLC
Title Services: Security 1st Title
For more information, contact listing agents:
Mike Campbell, 620-899-6989 or Kyle Campbell, 620-200-2193
Location
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. 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. 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, 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 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.