Morrill County, Nebraska Online Only Farmland Auction - Mark your calendars for Tuesday, November 21st at 5:00 PM CST/4:00 PM MST! Peoples Company is pleased to be representing the sale of 622.61 acres m/l near Broadwater, NE. The farms consist of 488.54 FSA cropland acres m/l with primary soil types consisting of Mitchell very fine sandy loam and Otero loaming very fine sand. Situated in the North Platte Natural Resource District (NRD), this farm currently consists of 362.21 cropland acres m/l of which approximately 112.52 acres are irrigated. This tract is improved through one well-maintained, 8-tower Valley center pivot located on the southern portion of the farm. The farm utilizes two wells including a 50 hp, 500 gpm Hitachi motor, and pump along with a 7.5 hp, 130 gpm Grundfos well pump. There is a current lease in place through December 15th, 2025. Please contact the Listing Agent for additional details.

In addition, there are 126.33 acres m/l on the northwest corner of the farm enrolled into the Conservation Reserve Program (CRP) CP2 Program - Establishment of Permanent Native Grasses - paying $21,215/annually or $167.93 per acre through September 30th, 2030.

This farm would make a great add-on to an existing farm operation or an excellent investment opportunity. The farm is located in Section Eight (8) of Broadwater Township in Morrill County, Nebraska. Exact legal description to be taken from Title Commitment.

*This auction is being conducted in partnership with Cushman Wakefield/The Lund Company. Please contact Jim Hain for more information on this auction at 402.981.8831.

Farm Lease Update: The new Buyer will have the option to assume the lease with the current tenant and receive the 2024 farm rent or the new Buyer may elect to buyout the current wheat crop and assume that wheat crop and possession of the farm immediately after closing. The cost to buyout the wheat crop is $58,257 and would be paid to the tenant at Closing. If the Buyer selects to buyout the growing wheat, it is the Buyer's responsibility to insure the growing crop, once possession is taken. Buyer will be responsible for certifying with the Morrill County FSA office as the owner/tenant after Closing.

Auction Details

Morrill County, Nebraska Online Only Auction

622.61 Acres M/L

Bidding ends: Tuesday, November 21, 2023, at 5:00 PM (CST) / 4:00 PM (MST)

*The bidding is currently live!

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Offering Morrill County, Nebraska farmland through an ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding is currently LIVE and will remain open until Tuesday, November 21st, 2023, at 5:00 PM Central Time Zone (CST) / 4:00 PM Mountain Standard Time Zone (MST) with closing taking place on or before Thursday, December 28th, 2023. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours before the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the internet service fails to work correctly before or during the auction.

Farm Program Information: Farm Program Information is provided by the Morrill County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Morrill County FSA and NRCS offices.

Earnest Money Payment & Possession: A 10% earnest money payment is required upon the conclusion of the auction. The earnest money payment may be paid in the form of a check or wire transfer. All funds will be held with First American Title Insurance Company.

Closing: Closing will occur on or about Thursday, December 28th, 2023, with First American Title Insurance Company. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given At Closing, Subject to the Tenant's Rights.

Farm Lease:

The farm is leased through December 15th, 2025 and the lease may be terminated. Please contact the agent for more details.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with First American Company the required earnest money payment. The sale is not contingent upon Buyer financing.

Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.

Property Taxes: All real estate taxes for 2023 will be prorated between the Seller and Buyer to the date of closing.

Water: Any water rights registered to irrigate the property will transfer with the sale. It will be the Buyer's responsibility to transfer ownership information to the North Platte Natural Resource District.

Personal Property: All irrigation equipment will be sold "As-Is, Where-Is" and transferred with the property via a Bill of Sale.

Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Other: Buyer willfully acknowledges that they have performed their due diligence before bidding on this tract and this sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a PER ACRE BASIS and not the total dollar. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics may vary from the figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Title Commitment.