292.03+/- Acres Morrill County, Nebraska
Selling On Our
UNRESERVED ONLINE AUCTION
April 25, 2023
Bidding opens April 11, 2023, and ends April 25, 2023, at 10:00 a.m. MT
Description: This productive farm is irrigated with a 2008, 15-tower Zimmatic pivot with drop nozzles. The Farmers Irrigation District provides 276 acres of surface water annually at $32 per acre. There are approximately 242 acres under the pivot. A 60 HP electric motor provides 1350 GPM to the pivot. In the southwest corner of the farm is some dry ground that could be irrigated with the remaining surface water acres. This farm has excellent soil blends that are conducive to good crop production. Soil inventories under the pivot are 78.5% Class 2, consisting of Tripp, Mitchell, Otero & Bridget, and sandy loams. A building site has a 75’ x 39‘ quonset-style shed with a cement floor. The adjacent shed is 28’ x 47’with a cement floor. There is a submersible in place at the building site for livestock. There are two 10,787-plus grain bins with floors and fans. The farm is under lease for the 2023 crop season. The buyer will be the new landlord at closing and will receive 100% of the lease terms for 2023. The farm is close to local markets, including an Ethonal plant. Access is excellent off well-maintained roads and a blacktop road on the southern border. Make plans to add this productive and desirable farm to your operation with the Power of BigIron!
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Gering Civic Center
1050 M Street
Gering, NE 69341
BigIron Realty Agents will be at the Gering Civic Center, Gering, NE, on April 25, 2023, from 8:00 a.m. MT until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. 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 this farm for 14 days, beginning April 11, 2023, and ending April 25, 2023, at 10:00 a.m. MT. 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 Description: All that part of the N ½ NE ¼ lying East of East Wild Horse Drain; S ½ of NE ¼; N ½SE ¼; SE ¼ SE ¼; PT OF SW ¼ SE ¼, Section 14-T21N-R52W of the 6thP.M. all in Morrill County, NE, containing 292.03+/- acres.
2022 Taxes: $9953.02
Land Location: Go 1½ miles north of Bayard on Hwy 26 to Rd 110, then east a little over ½ mile. The farm lies to the north of Rd 110, a blacktop road. Watch for the BigIron Realty signs!
Title Services: Boone County Title
Terms: The successful buyer must enter into a written purchase agreement immediately after the sale with a $150,000 non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before May 31, 2023. The buyer will reimburse the Seller for the 2023 Operation and Maintenance Tax of $8,832 at closing. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller. The seller will pay the 2022 real estate taxes, and the buyer will pay the 2023 real estate taxes. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the 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.
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