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Saunders County, NE Farmland Absolute Auction

Friday, August 17, 2018  |  10:00 AM Central
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Top-Producing Central Saunders County, Nebraska Farmland Absolute Auction - New Buyer gets Immediate Possession at Closing & the New Buyer receives the ENTIRE 2018 Crop!

Jack Nitz & Associates


(402) 727-8800
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Farmland 160 Acres, more or less

Farmland 160 Acres, more or less

Lot # 1 (Sale Order: 1 of 1)

Quantity: 160

FARM LOCATION: From the corner of Hwys. 79 & 105 (3 miles South of Morse Bluff), go 3 miles South on County Road 25 to County Road U (Farm is in the Southeast corner of the Intersection of County Roads 25 & U).

This Top Producing Farm Sells Absolute to the Highest Bidder AND the New Buyer gets Immediate Possession at Closing AND the New Buyer receives the ENTIRE 2018 Crop! That just about says it all about this unique Opportunity! This Top-Producing Farm features just what you are looking for to add to your current operation! The Farm features 153.3 tillable acres of land out of a possible 156 Farm acres (4 additional acres in roads) and the soils are all Class II Colo (Ct) and Class III Sharpsburg (ShC2, ShD2 & ShD3). Access to the Farm should be excellent all year around, as there is public gravel road frontage on the entire West and North Boundaries.

The farm has been grid-sampled by Servi-tech in the fall of 2017 and Ag-Lime was applied accordingly. The farm has been planted to a 50/50 Corn & Soybean rotation for the 2018 crop year and has been managed that way since the Virka’s purchased the Farm. The Terraces and the North end of the Farm have all been tiled to drain into the small creek on the North end of the Farm allowing for more land to be utilized in times of wetter conditions.

LEGAL DESCRIPTION: The Northwest Quarter of Section 20, Township 16 North, Range 6 East of the 6th P.M., Saunders County, Nebraska, containing 160 acres, more or less.

2017 REAL ESTATE TAXES: $ 7,846.96

POSSESSION: Full 2018 Crop Year Possession will be given to new Buyers at Closing.

2018 CROP: New Buyer will receive entire 2018 Crop!

FARM SERVICES AGENCY (FSA) INFORMATION:

Farm Number - 12617

Farm Acres - 156.1

Tillable Acres - 153.3

Corn Base - 76.62 Acres

Yield (PLC - Dryland) - 161 Bushels

Soybean Base - 76.68 Acres

Yield (PLC - Dryland) - 50 Bushels

*Actual Yield Information for the Farm for the Crop Years of 2015, 2016 & 2017 are on the website.

TERMS OF THE AUCTION: An Earnest Deposit of $ 50,000.00 will be required on Auction Day. The balance will be due on or Before September 14, 2018. Title Insurance and Escrow Closing Fees divided 50/50 between Buyer and Seller. Marketable Title Provided. Possession at Closing. 1031 Tax Exchanges Welcome. Agents Represent Sellers. New Buyers will pay all 2018 Real Estate Taxes due in 2019. Sellers pay all 2017 & prior years Real Estate Taxes.

INTERNET BIDDING TERMS; 1% Buyers Fee Auction-Successful high bid plus the buyers fee equals the total price offered. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the auction the winning bidder will be forwarded a Contract to Purchase via email or fax. The signed copy must be returned to Jack Nitz & Associates before end of business, Monday, August 19, 2018. The Contract to Purchase may be hand delivered, faxed, or scanned and emailed. $50,000.00 as earnest money will be due upon acceptance of the Sales Contract by wire transfer or cashier's check. Bidding is not contingent upon financing, make all financing arrangements prior to the end of the bidding. The successful bidder is required to pay $50,000.00 as earnest money with a cashier's check or by wire transfer. Upon accepted offer all earnest money becomes nonrefundable.

AUCTIONEER'S NOTE: Make your plans now to attend this unprecedented and unique Land Auction! Vernon & Sharon are offering their Top Producing Farm to you at your price at Absolute Public Auction AND the New Buyer receives the ENTIRE 2018 CROP! You will have nearly immediate revenue from this Farm after Closing, which is unprecedented!

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Sold for: USD 6,075.00
$6,075.00 x 160 = $972,000.00
Total Bid: USD 972,000.00

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$6,075.00 x 160 = $972,000.00 Total
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