120.0+/- Acres Johnson County, Nebraska
Selling On Our
UNRESERVED ONLINE AUCTION
June 15, 2023
Bidding opens June 1, 2023, and ends June 15, 2023, at 11:00 a.m. CDT
Description: This is a very rare opportunity to own a highly productive, tiled, and terraced, irrigated farm right in Johnson County, NE. This farm has been in the Fritz family for over 60 years. This sale includes the water well, Reinke Electrogator II, 6 tower super swing-arm corner center pivot with energy saver, ONTRAC GPS communication package, Inject-O-Meter fertilizer pump, Micrometer flow meter with vanes, Iveco 6 cylinder diesel engine, 1,000 gallon fuel tank, and weather protection shed. It also includes 3 Nelson stationary big guns and the 4\" pipe used to irrigate the very southeast corner of the farm. All the irrigation equipment was installed new in 2014. Due to well construction issues, Sargent Irrigation re-drilled a completely new well in 2016. FSA reports the total cropland at 115.84 acres, and the seller estimates that, on average, this field will produce 225 bushels of corn/acre or 65 bushels of soybeans/acre with 110.38 acres irrigated. The soil productivity is rated at a 59.7 NCCPI, with over 75% of the field composed of Wymore silty clay loam. This field will be a fantastic addition to your farm operation and should produce significant returns for many years, so bid to win.
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:
Adams Community Building
730 Main St
Adams, NE 68301
BigIron Realty Agents will be at Adams Community Building in Adams, NE, on June 15, 2023, from 9:00 a.m. 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 June 1, 2023, and ending June 15, 2023, 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, 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 call800-887-8625 for assistance.
Legal Description: S 1/2 SE 1/4 and S 1/2 N 1/2 SE 1/4 of Sec 20, Township 5N, Range 9E, Johnson County, Nebraska, containing 120+/- acres. PID: 490008429
2022 Taxes: $7,029.24
Land Location: 2.8 miles north of Crab Orchard, NE, northwest of the intersection of 728 Rd and 608 Ave in Johnson County, Nebraska.
Minerals: All mineral interest the seller owns, if any, will be conveyed to the buyer(s).
Possession: Full possession will be granted on or before January 1, 2024, or such other date agreed to by the parties.
Title Services: Platinum Title & Escrow
Terms: The successful buyer must enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to Platinum Title & Escrow, located at 724 Central Ave, Nebraska City, NE. A personal check, company check, or wire transfer can make the earnest deposit. The balance will be due at closing on or before July 20, 2023. 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 2023 real estate taxes, and the buyer will pay the 2024 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.