146.85+/- Acres Hall County, Nebraska
Selling On Our
UNRESERVED ONLINE AUCTION
February 22, 2024
Bidding opens February 8,2024, and ends February 22, 2024, at 10:00 a.m.
Description: This pivot irrigated farm is in a great location as it is ½ mile off Hwy 281 with access on two sides by a well-maintained gravel road and is close to local markets. There are three wells on the farm. One at the pivot point for the pivot, one in the northwest, and one in the southwest that provide gravity irrigation. Two are electric and the northwest one is currently powered by a propane power unit that belongs to the tenant and does not sell with the farm. There is gravity irrigation pipe that goes with the farm. The tenant was using his own gravity pipe and trailers, so those items do not sell with the farm. The Tenant also owns the Ag Sense System on the pivot and chemigation tank, fittings and hoses. There is an 8-tower Valley 8000 center pivot that was installed in late 2011 for use in 2012. The center pivot and underground wire were designed to easily adapt a corner arm that would enhance the productivity and efficiency of the irrigated farm. It has 11.2 x 38 tires on the outer 4 drive units for the heavy soils in the southwest part of the farm. The pivot is equipped with auto-reverse stop hardware on the end tower. The sprinkler package consists of Senninger low angle impact sprinklers operating with 25 psi regulators and setup for 850 GPM. It has a Nelson SR100 end gun. There is a newer 60 hp electric motor in place. The pump was totally refurbished in 2013 for $9,200 in repairs performed. Total acres irrigated under the pivot and end gun are 121.7 acres. There are 17.3 acres of gravity irrigated and dry crop ground combined. According to the Central Platte NRD there are 145.36 irrigatable acres on the farm. There is a drainage ditch that drains into two man-made ponds that run towards the southeast. The farm was in soybeans for the 2023 season and the southeast corners are in native grass. There are two approximately 10,000-bushel capacity grain bins and a 120’ by 60’ pole building in the southwest corner. West of that is an acreage and home that are not part of this sale. Add this productive farm to your operation with the power of BigIron!
There is a long-term tenant currently leasing the farm for the 2024 season. Buyer to receive 2024 cash rent. Possession is March 1, 2025.
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:
Ramada Midtown Conference Center
2503 S Locust
Grand Island, NE
BigIron Realty Agents will be at the Ramada Midtown Conference Center, in Grand Island, NE, on February 22, 2024,from 8:00 a.m. until the conclusion of the online auction. BigIron Representatives will be there to assist buyers with registering to bid online. Please come during the times to discuss the farm or call Rex Mahoney, listing agent at 402-649-1816. You do not have to be present to bid online.
BIDDING PROCESS: You may place bids on this farm for 14 days, beginning February 8, 2024, and ending February 22, 2024, at 10:00 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 call 800-887-8625 for assistance.
Legal Description: The NW ¼ Section 8-T12N-R9W Hall County, NE, containing 146.85+/- acres.
2023 Taxes: $6,147.30
Land Location: From the north side of Grand Island, take Hwy 281 for 5 miles to W Prairie Rd. Go ½ mile and the farm lies to the southeast. Watch for the BigIron Realty signs.
Richard J. Panowicz & Suzanne L. Pleiss, Co-Trustees
Title Services: Boone County Title & Escrow
Terms: The successful buyer will be required to 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 March 22,2024. Possession is March 1, 2025. 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 2023real 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.
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