135.91+/- Acres Reno County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
April 16, 2024
Bidding opens April 2, 2024, and ends April 16, 2024, at 11 a.m. CDT
Description: This 135.91+/- acres is 98.4% ‘Prime’ class 1and 2 soils with 0 to 3% slopes. This quarter is in one of approximately 10 sections of the Vanoss-Bethany association in an area beginning 2 miles west of Nickerson, KS. These soils are deep, dark, nearly level to moderately sloping loamy soils. This soil association is found again only in the Yoder and Haven areas of Reno County. Selling are 106.97 acres of this ‘Prime’ cropland and 28.94+/- acres in pasture with a pond that is currently dry. The 28.94 acres, in pasture includes a 27 ft wide lane that drops about a quarter mile south from the pasture to the farmstead. The cropland has a nearly full FSA crop acreage base. FSA payment yields are: wheat 43 bushels; grain sorghum 75 bushels; and soybeans 36 bushels. There are 88.62 acres planted to wheat for harvest in 2024. The buyer receives a 1/3 crop share of the harvested wheat. The buyer owes no reimbursement for fertilizer or other crop input expenses. 18.35 acres are in 2023-crop milo stubble with immediate possession at closing. The 135.91 acres are bordered on the west by N. Salem Rd and on the south by 69th Ave.
A beautiful 6 bed, 2 bath, brick home with great outbuildings on a farmstead of 11.9 acres is on the south side of this quarter section. The 11.9 acres does not sell at auction as part of the 135.91 acres. It sells by private treaty and may or may not be available to purchase when the 135.91 acres sells. It’s the head quarter site for the quarter and an outstanding headquarters to own. Details are available at www.bigiron.com.
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:
Studio 96
121 South Broadway
Sterling, KS 67579
BigIron Realty Agents will be at Studio 96, Sterling, KS, April 16, 2024, from 9 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. 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 must be available by phone.
BIDDINGPROCESS: You may place bids on this farm for 14 days, beginning April 2, 2024, and ending April 16, 2024, at 11 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 call 800-887-8625 for assistance.
Legal Description: W1/2 of SW 1/4 18-22-7, and E 1/2 of SW 1/4 18-22-7 less a tract of 11.9 acres (all in Reno County, KS)
2023 Taxes: $2,196 estimate
Land Location: From Nickerson, KS, go west on old 96 Highway (82nd Ave) two miles to N. High Point Road, turn south 1 mile to 69th Ave, turn west 1 mile. Signs are posted.
FSA: estimate Base Yield
Wheat 50.10 43
Gr. Sorghum 35.05 75
Soybeans 22.91 36
Total 106.85
Mineral Rights: Sellers mineral rights pass to the buyer.
Water Rights: Pass to the buyer.
Possession: Pass to the buyer at closing on pasture and 2023 crop stubble. Possession on planted wheat acres passes the earlier of: destruction of the wheat crop in any manner; completion of the 2024 wheat harvest; or August 1, 2024.
Title Services:
Security1st Title, 1001 N. Main, Hutchinson, KS, 67501
Terms: The sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. 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, 1001 N. Main, Hutchinson, KS, 67501. The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before May 17, 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%. Property taxes for 2023 will be paid by the seller. The buyer pays all 2024 property taxes and receives all owner income from the property in 2024. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. 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. 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.