1,132.74+/- Acres Rice County, Kansas
Selling in 6 Tracts On Our
UNRESERVED ONLINE AUCTION
August 20, 2024
Bidding Opens August 6, 2024, and ends August 20, 2024, at 11:00 a.m. CDT
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Tract 6: 314.38+/- acres
Description: This 314.38+/- acre half section is 97.4% 'Prime' soils, with 2.6% being soils of 'Statewide Importance’ per USDA-NRCS. It has 272.45 acres of cropland, 40.03 acres of knee-high grass, and 1.9 acres in a grass waterway with trees. In 2024, approximately 125 acres were planted to wheat, 43.67 acres are in grain sorghum, and 103.78 acres are fallow to be planted for 2025 crop wheat. The tenant plans to plant the fallow and 125 acres of 2024-crop wheat stubble back to wheat for harvest in 2025. The buyer receives a 1/3 crop share of all crops harvested after the auction. The FSA base at 262.4 acres nearly matches the cropland at 272.45 acres. FSA payment yields and crop insurance actual production history (APH) yields are excellent; see those below. The 40.03 acres of grass is lush with a good four-strand barbed-wire fence. A recently dug-out pond provides water for livestock. The grass is cash leased for $800 annually, paid November 1, 2024, to the buyer.
Auctioneer Comments: These 1,132.74+/- acres of Rice County, KS, farmland have been owned by the same family for generations. It sells in 6 tracts, with no combination of tracts. Four tracts are 100% ‘Prime’ soils per the U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS). Two tracts are 97% and 85% 'Prime,' with their remaining soils being of ‘Statewide Importance.' All tracts have excellent USDA Farm Service Agency (FSA) bases and payment yields. Crop insurance actual production history (APH) yields are also excellent. The seller’s mineral rights go to the buyers and are believed to be 100% intact. Tract 3 has a producing oil well. Buyers receive 1/3 of all crops standing at the time of the auction. Buyers pay 1/3 of all fertilizer, herbicide, pesticide and lime applied on all crops standing after the auction. The buyer will succeed to the seller’s crop insurance policy on crops standing at the time of the auction and pay the premium. This is your opportunity to invest in highly productive Rice County, KS, farmland unavailable for decades. Closing on or before September 20, 2024. Taxes are prorated to the date of closing.
Bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Celebration Center
1145E. U.S. 56 Hwy
Lyons, KS 67554
BigIron Realty Agents will be at the Celebration Center in Lyons, KS, on August 20, 2024, from 9:00 a.m. until the conclusion of the online auction. Please come during the scheduled time to discuss the land. BigIron Realty Representatives will be there to assist buyers with registering to bid, making online bids, and answering questions. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this land for 14 days beginning August 6, 2024, and ending August 20, 2024, 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 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 24 hours before the auction closes on www.BigIron.com or call 800-887-8625 for assistance.
Legal Description: N 1/215-19-6
2023 Taxes: $4,311.54
Land Location: At the Rice-McPherson County line (31st Rd), go west on Hwy 56 for 2 miles to 29th Rd. Turn north on 29th Rd for 2 miles. Signs are posted.
PLC APH
FSA & Base Yield Yield
Crop Insurance Wheat 156.15 38 47
Corn 35.69 119 81
Gr. Sorg. 30.78 74 90
Soybeans 39.78 46 33
Total 262.40
Mineral Rights: Seller's mineral rights are transferred to the buyer.
Possession: Ownership transfers at closing. The tenant's lease ends on February 28, 2025, on the cropland and grass. The tenant has the right to harvest 2024 fall-seeded crops in 2025.
Owners:
Brett Spear, Mike Spear, Terry Brock, Diane Andrews,
Marcia Morales, Janice Robertson, and Jessie E. Wharton Trust
Title Services:
Security 1st Title, 108 East Ave. S, Lyons, KS 67554
For more information, contact listing agents:
Mike Campbell, 620-899-6989
Kyle Campbell, 620-200-2193
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. 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. Bidding on this land begins August 6, 2024, and ends August 20, 2024, at 11:00 a.m. 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. Buyer(s) will receive 1/3 of all crops harvested after the auction. Buyer(s) will succeed to the seller's crop insurance policy on each crop standing at the time of the auction and pay the crop insurance premium. The successful buyer(s) must enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 108 East Ave S, Lyons, KS 67554 (620-257-1831). 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 September 20, 2024. The seller will provide the buyer(s) with a marketable title, as 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%.Property taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made before the auction. Announcements made on the 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.
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