Auction Information
MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 5 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on tracts, tract combinations, and the total property may compete. 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 December 29, 2009, 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 the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon...
TERMS: 10% down day of sale, with the balance to be paid on or before December 29, 2009, 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 the auction company in their trust account or 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.
MINERAL RIGHTS: There are no mineral rights being transferred with the surface rights.
CROPS: Tract 1: Crops are subject to a cash lease agreement with Winderlin Farms thru 2011. Buyer will receive the cash rent payments of approximately $25/acre for 2010 and 2011.
Tract 3: is all planted to wheat and the Buyer will receive the landlord’s 1/3rd share of the 2010 wheat crop.
FSA PAYMENTS: Tenant will retain 100% of all FSA payments associated with the 2010 and 2011 crop years.
CRP INFORMATION: Buyer(s) will receive 100% of the 2010 CRP payments, which will accrue from October 1, 2009, through September 30, 2010, and all future years’ CRP payments under the current CRP contract. See chart below for CRP acres, expiration dates and payment amounts.
CLOSING: Date of closing will be on or before December 29, 2009.
POSSESSION: Date of closing, subject to the tenant’s rights on Tract 1.
REAL ESTATE TAXES: Seller will pay taxes for 2009 and all prior years. Taxes for 2010 will be the responsibility of the Buyer(s).
ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Farm & Ranch 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(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Seller. Title evidence will be provided on sale day.
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. FSA acres may not be the same as deeded acres.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & 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. Statements, while not guaranteed, are from reliable sources.
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 the Exclusive Agents of the Seller.
AUCTIONEER’S NOTE: The historic “KREBS RANCH” offers some of the finest ranchland in western Kansas. Each pasture has good fences and two sources of water. We have divided the ranch into 5 parcels - Tract 1 is mostly cropland, Tract 2 is pasture and CRP, Tract 3 has approximately 193 acres of cropland, and Tracts 4 and 5 are all pasture and CRP. Each tract can stand alone or be combined for your convenience.
The historic Butterfield Trail follows the Smoky Hill River across the entire ranch from East to West. The ranch is bordered on the West by US Hwy 83 for approximately 5 miles of highway frontage. There are seven submersible stock wells on the ranch with a PVC pipeline from the North to the South, along with water from the Smoky Hill River, and many ponds, some springs, and windmills on the ranch. This is one of the best watered ranches in the Midwest. Whether you run your momma cows or yearlings, this ranch has good winter protection, good water and access, plus lots of grass!
There are two sets of corrals on the ranch, one North and one in the SW corner of Tract 5. There are some electric divider fences to control grazing. This ranch has fossil history second to none, along with the famous Dr. Wm. W. Wineinger murder by the Fleagle Gang in 1928!
Call for a tour – DON’T MISS THIS AUCTION!