5 TRACTS - 642 ACRES
CROPLAND

KEARNEY COUNTY, NE

ABSOLUTE AUCTION

Wednesday, March 27- 10:00 A.M.
Minden, Nebraska

Auction to be held in the 4-H Building at the Kearney County Fairgrounds next to Highway 10 - north edge of Minden.

Marlene A. Foglesong Revocable Trust

Platte Valley State Bank & Trust Co., Trustee

Highly productive irrigated and non-irrigated cropland with good soils - plan to attend!

TRACT 1 - 81.68 ACRES

 

LOCATION: From Minden, 1 1/2 miles south on Highway 10 and 2 1/2 miles east on J Rd.

LEGAL DESCRIPTION: South Half of the Southeast Quarter of Section 21, Township 6 North, Range 14 West of the 6th P.M., Kearney County, Nebraska

ABOUT THE LAND: 81.68 Acres, more or less, according to Kearney County Assessor's records. Good quality irrigated cropland with 8" well and Chevrolet 454 powerunit on natural gas and 8" gated pipe.

FARM SERVICE AGENCY: Total cropland - 78.3 Acres. 78.3 Acre corn base. Direct & CC payment - $2,646.

WELL DATA: (per registration) G-002799, May 2003, 240 ft. deep, 104 ft. static water level, 150 ft. pumping level, 1,200 GPM

NATURAL RESOURCES DISTRICT: The land is located in the Tri-Basin NRD. Certified irrigation rights for 78.68 acres.

SOIL TYPES: Mostly Holdrege silt loam and some Detroit silt loam.

2011 TAXES: $3,716.40

TRACT 2 - 79.97 ACRES

 

LOCATION: From Minden, 1 1/2 miles south.

LEGAL DESCRIPTION: West Half of the Northwest Quarter of Section 27, Township 6 North, Range 14 West of the 6th P.M., Kearney County, Nebraska

ABOUT THE LAND: 79.97 Acres, more or less, according to Kearney County Assessor's records. Consisting of non-irrigated cropland.

FARM SERVICE AGENCY: Total cropland - 79.97 Acres. 61 Acre wheat base, 10.2 Acre grain sorghum base, 3 Acre corn base. Direct & CC payment - $1,384

SOIL TYPES: Mostly Holdrege silt loam with some Detroit silt loam

2011 TAXES: $1,584.50

TRACT 3 - 84.21 ACRES

 

LOCATION: From Minden,  1/2 mile south on Highway 10 and 1/2 mile east on K Rd.

LEGAL DESCRIPTION: South Half of the Southeast Quarter of Section 18, Township 6 North, Range 14 West of the 6th P.M., Kearney County, Nebraska

ABOUT THE LAND: 84.21 Acres, more or less, according to Kearney County Assessor's records. Consisting of good quality non-irrigated cropland.

FARM SERVICE AGENCY: Total cropland - 78.4 Acres. 78.4 Acre corn base. Direct & CC payment - $1,317

SOIL TYPES: Mostly Holdrege silt loam and others

2011 TAXES: $1,710.76

TRACT 4 - 239.49 ACRES

 

LOCATION: From Minden,  1/2 mile south on Highway 10 and 3 miles east on K Rd.

LEGAL DESCRIPTION: Southwest Quarter and the South Half of the Northwest Quarter of Section 15, Township 6 North, Range 14 West of the 6th P.M., Kearney County, Nebraska

ABOUT THE LAND: 239.49 Acres, more or less, according to Kearney County Assessor's records. Consisting of approx. 214.9 acres of non-irrigated cropland, the remainder grassland and building site with 40 ft. by 60 ft. steel quonset type building with cement floor, Monarch 10,000 bu. steel bin with drying floor, Monarch 16,000 bu. steel bin, (2) BS & B 3,000 bu. bins and electric submersible well.

FARM SERVICE AGENCY: Total cropland - 214.9 Acres.  59.8 Acre wheat base, 15.7 Acre corn base, 106.3 Acre grain sorghum base. Direct & CC payment - $4,223

SOIL TYPES: Primarily Holdrege silt loam with smaller areas of Hobbs silt loam and Coly-Uly silt loams

2011 TAXES: $4,578.84

TRACT 5 - 156.61 ACRES

 

LOCATION: From Minden, 1 mile north on Highway 10 and 1 mile east on N Rd.

LEGAL DESCRIPTION: Southwest Quarter of Section 32, Township 7 North, Range 14 West of the 6th P.M., Kearney County, Nebraska, except a small tract in the southwest corner.

ABOUT THE LAND: 156.61 Acres, more or less according to Kearney County Assessor's records. 139 Acres irrigated, the remainder mostly dryland. Includes a 10" well with Chevrolet 454 powerunit on natural gas and 10" aluminum irrigation pipe.

FARM SERVICE AGENCY: Total cropland - 153.4 Acres. 153.4 Acre corn base. Direct & CC payment - $5,184

WELL DATA: (per registration) G-035549, November 1985, 180 ft. deep, 57 ft. static water level, 85 ft. pumping level, 1,800 GPM

NATURAL RESOURCES DISTRICT: The land is located in the Tri-Basin NRD. Certified irrigation rights for 139.13 acres.

SOIL TYPES:Holdrege silt loam

2011 TAXES: $6,425.22

METHOD OF SALE

The 5 tracts are selling separately. Auction procedures and increments of bidding are at the discretion of the auction company.

TERMS AND CONDITIONS

PAYMENT: 20% Deposit day of auction with signing purchase agreement.. The remainder due on or before April 26, 2013.
POSSESSION: Possession given date of closing subject to the tenant's rights through February 28, 2014. The buyers shall be entitled to receive the 2013 landlord's rental share.
TAXES: 2012 and prior years taxes paid by sellers. 2013 taxes shall be the responsibility of the purchaser.
TITLE: Title insurance will be used as evidence of marketable title. The cost of the owner’s title policy and the escrow fee shall be divided equally between the seller and buyer.
MINERAL RIGHTS: The sellers will convey all the mineral rights they own, if any.
FINANCING: This sale is NOT contingent upon the buyer’s financing. Prospective buyers should make financial arrangements prior to the auction date.
ABSENTEE BIDS: Bidding via cell phone, internet, and/or on someone’s behalf must be approved by Marshall Land Brokers & Auctioneers 24 hours prior to the auction.
PROPERTY CONDITION: The property and irrigation equipment is selling in “as is” condition – no warranties expressed or implied.
AGENCY: Marshall Land Brokers & Auctioneers are agents representing the sellers.

Maps shown are for illustration purposes only and are not intended to represent actual property lines.

Acreage figures and data have been obtained from sources believed to be reliable although its accuracy cannot be guaranteed by the sellers and their agents. We urge prospective buyers to inspect and rely on their own conclusions. Announcements made at the auction take precedence over prior advertising.