Auction Information
320 ACRES SHERMAN CO, KS CROPLAND & GRASS
LEGAL DESCRIPTION:
N/2 OF SECTION 9-9-38
LOCATION: From I-70 exit 27 at Edson, Kansas, go 2 miles South to Road 61, 1 mile West to to the NE corner of the property. SIGNS WILL BE POSTED!
MANNER OF SALE: This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, with the balance to be paid on or before January 9. 2015, or upon such terms as may be acceptable to the Seller. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements.
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MINERAL RIGHTS: Mineral rights are believed to be 100% intact, and all of the Sellers interest will transfer to the Buyer at closing.
CROPS: Subject to tenants rights under the current Farm Lease agreement and Buyer will receive the landlords 1/3rd share of the 2015 wheat crop, if any. A copy of the Farm Lease is available upon request.
FSA INFORMATION: Cropland acres - 294.7
Grassland acres - 25.3+
*Base Acres Yield
Wheat *129.7 29
Barley *7.0 43
*Base acres are combined with adjoining tract & the above base acres have been estimated and will be split by FSA after the auction.
Any FSA farm program payments associated with the 2014 and future crop years under the 2014 farm bill will be subject to FSA program elected provisions at the time of signup. Seller will retain the landlords 1/3rd share of any payments associated with the 2014 crop year, and Buyer will receive the landlords share of any payments associated with the 2015 and future crop years.
CLOSING: Date of closing will be on or before January 9, 2015.
POSSESSION: Date of closing, subject to the tenants rights to harvest the 2015 wheat.
REAL ESTATE TAXES: Seller will pay taxes for all of 2014 and prior years. Taxes for 2015 will be responsibility of the Buyer. (2013 taxes = $445.10)
ACREAGES: Acreage figures are considered to be approximate and are from reliable sources based on (USDA) FSA figures. All FSA information is subject to change, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.
ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.
EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Seller. Title evidence will be provided on sale day.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.
EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not, and to oil and gas leases of record, if any.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are Exclusive Agents of the Seller.
AUCTIONEERS NOTE: This EXCELLENT HALF SECTION OF CROPLAND located South of Edson, Kansas, will be offered for sale at ABSOLUTE PUBLIC AUCTION on Tuesday, December 9th in Goodland, Kansas, at the Firehouse across from the USDA/FSA offices.
The land is located in an area with good rainfall and consists of primarily Keith and Ulysses silt loam soils. The Seller has been utilizing a 3 crop rotation of wheat, corn and milo on this property.
Signs are posted give Farm & Ranch a call TOLL-FREE at 1-800-247-7863 for further details. SEE YOU AT THE AUCTION!!
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