Tract 1: $420,000   $2,625/acre

Tract 2: $135,000   $1,687/acre

240 acres More or Less Trego Co. Farmland

For: The Collins & Abernathy Family

Monday, April 8, 2024

Auction Location: Knights of Columbus, 1013 Washington St, Ellis, KS 67637

Time: 10 AM

LAND LOCATION:

From Ellis, KS/I70 Exit 145, 5 miles West on I70 to Riga Exit 140.  North 3.75 miles to the SWC of Tract 1.  Continue North ½ mile to H Road and ½ mile East to the SWC of Tract 2.

TRACT 1 LEGAL DESCRIPTION:

The Northwest Quarter (NW/4) of Section Ten (10), Township Twelve (12) South, Range Twenty-one (21) West of the 6th P.M. Trego County, KS

F.S.A. INFORMATION:

156.81 acres cultivation

34.71 acres (planted to wheat)

122.1 acres fallow wheat stubble

.91 acres lease roads/Unfenced grass

TRACT 2 LEGAL DESCRIPTION:

The West Half of the Southeast Quarter (W/2 SE/4) of Section Three (3), Township Twelve (12) South, Range Twenty-one (21) West of the 6th P.M. Trego County, KS

F.S.A. INFORMATION:

78.24 Acres Cultivation (planted to wheat)

GENERAL INFORMATION:

Both Tracts have good access and are close to local elevators.  The tracts have been well-maintained by the same tenant for nearly 60 years.  Tract 1 is made up of primarily Class II Harney Silt Loam and Carlson Silt Loam Soils with minimal slopes of 0-3% and are terraced where necessary with adequate conservation practices.  These are productive soils with excellent income producing potential.  There are also 3 producing wells that will transfer with the property.  Tract 2 is made up of Class III Penden Clay Loams. 

MINERALS:

All Seller’s Interest will convey with the property.  To the seller’s knowledge, all minerals are intact.  Royalty Interest in Tract 1 of .125.  (2023 1,597bbls, 2022 1,120bbls, 2021 1,439bbls, 2020 1,765bbls) sells with an effective date of transfer on the 1st of the month immediately following closing.

TAXES:

Year 2023 taxes and all prior taxes to be paid by the SELLER.  Year 2024 and all future taxes to be paid by the BUYER.  The 2023 Real Estate taxes were:

Tract 1:  $1,279.58. Tract 2:  $247.74.

The 2023 Mineral Taxes were: $1016.80.

GOVERNMENT PROGRAMS:

Purchaser to stay in compliance with all US Government Programs the property is presently enrolled in. Government payments to follow current F.S.A. guidelines. This tract is enrolled in the PLC program.

FSA Information, Tract 1 & 2 Combined

Wheat Base Acres     179.5a         42bu

POSSESSION:

Possession will be after the 2025 wheat harvest.  The landowners 1/3 share in the 2024 growing wheat crop will be delivered to an elevator in the landowner’s name.  The tenant intends to plant wheat on 100% of cultivation.  The landowner’s 1/3 share in the 2025 growing wheat crop will be delivered to an elevator in the landowner’s name.  The 2024 wheat crop is not enrolled in crop insurance. 

LIVE INTERNET & PHONE BIDDING AVAILABLE. CALL FOR DETAILS.

TERMS:  10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before May 23rd, 2024, or as soon as title requirement, if any can be corrected.  Every effort will be made to honor said original closing date set forth in this contract.  Sale is not contingent on the purchaser obtaining financing.  Financing, if necessary, needs to be approved prior to the auction.  The seller agrees to convey said property by a good and sufficient Deed to the purchaser, subject to easements restrictions, roads, rights-of-way, leases, reservations, and county zoning regulations of record.  Said deed shall be delivered to the purchaser at the time of settlement.  Seller(s) to furnish and pay for title insurance showing merchantable title in the Seller.  Title Insurance is being prepared by Field Abstract & Title. This tract is being sold by U.S. Government Survey.  If the purchaser feels that an additional survey is needed, the cost shall be the responsibility of the Purchaser.                 

Listing Agent:  Jason Pfeifer (785) 483-1805

Agency Disclosure:  Farmland Auction & Realty Co., Inc is the agent of the seller. If purchaser desires representation, legal council is advised.

Jason Pfeifer, Broker & Auctioneer 

Roger Legleiter, Lic. R/E Sales & Auctioneer

Kalli Pfeifer, Lic. R/E Sales

Jason Dellett, Lic. R/E Sales & Auctioneer

Jarett Pfannenstiel, Lic. R/E Sales & Auctioneer

1390 E. 8th, Unit A Hays, KS 67601
(785) 628-2851
Toll Free:  1-888-671-2851
E-mail:  farmland@farmlandauction.com
Web:  www.farmlandauction.com