ABSOLUTE AUCTION -960+/- AC CROPLAND & CRP - LANE COUNTY, KS

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1420 W. 4th St.
Colby, Kansas
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Posted 16 hours, 1 minute ago
Expires in 6 days, 7 hours
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Description

AUCTION LOCATION:  PETE’S PLACE in DIGHTON, KANSAS

LEGAL DESCRIPTIONS:

Tract 1:  SW/4 of Section 9-18-30

Tract 2:  SE/4 of Section 24-18-30

Tract 3:  SW/4 of Section 30-18-29

Tract 4:  SW/4 of Section 1-19-30

Tract 5:  NW/4 of Section 21-19-29

Tract 6:  SW/4 of Section 32-19-29

LAND LOCATION: See map.  SIGNS WILL BE POSTED!

MANNER OF SALE:  This real estate will be offered in 6 individual tracts only.  THERE WILL BE NO COMBINATION OF ANY TRACTS. 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 June 22, 2021, 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.

CROPS:   Subject to the tenant’s rights under a current cash lease agreement. The 2021 cash lease payment on the acres to be planted to milo this Spring will be prorated to the date of closing. 

FSA INFORMATIONAny future FSA payments will follow the crops and will be paid pursuant to FSA regulations. See chart below for FSA cropland acres, base acres and yields.

CRP INFORMATION:  The 2021 CRP payment on Tract 6 which will accrue from 10/1/2020 thru 9/30/2021, will be prorated to the date of closing. See chart below of CRP contract details.

MINERAL RIGHTS:  All of the Seller’s interest will transfer to the Buyers at closing.

CLOSING:  Date of closing will be on or before June 22, 2021.

POSSESSION:  

        Date of closing on Tract 6.

        After the 2021 wheat harvest or August 1, 2021, whichever date occurs first, on Tracts 2, 3 and 4.

        After the 2021 milo harvest or December 1, 2021, whichever date occurs first on, Tract 1 and 5.

REAL ESTATE TAXES:  Seller will pay taxes for 2020 and prior years.  Taxes for 2021 will be prorated to the date of closing.  See chart on front for 2020 tax amounts.

ACCEPTANCE OF BIDS:  The successful bidders will be required to enter into a purchase contract immediately following the auction.  Copies of the contracts will be available from the auction company prior to the sale.

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.  The numbers of acres are not guaranteed by title insurance.

EVIDENCE OF TITLE:  Seller will provide title insurance to the Buyers in the amount of the purchase price with the premium to be paid one-half by the Buyers 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.

AGENCY:  Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.

Farm & Ranch Realty, Inc.
Donald L. Hazlett, Broker
1-800-247-7863
www.farmandranchrealty.com

 

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