Madison County Online Land Auction – November 4, 2021

THREE TRACTS
IRRIGATED CROPLAND
DRYLAND CROPLAND

LAND AUCTION INFORMATION

UFARM Agents will be available November 4, 2021, at the Norfolk Country Club, Eagle Room, 1700 Riverside Blvd, Norfolk, Nebraska, from 9:00 am until the conclusion of the online auction. Please visit us during the scheduled time to discuss this property. We will assist buyers with registering to bid online, answer questions and provide information. You do not have to be present to bid online but you are required to be available by phone.

BIDDING PROCESS:  You may place bids on this property beginning October 21, 2021, and extending to November 4, 2021. This reserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended for five minutes. This will continue until there is a five minute period where no bids are placed.  NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid or call 402-649-8744 for assistance. UFARM agent will contact registered bidders on the day of auction.

PRICE, TERMS AND POSSESSION: The successful buyer will be required to sign the purchase agreement and deposit 10% as earnest money in the form of personal, business or cashier check immediately following the sale.  Closing will be on or before December 1, 2021.  The cost of title insurance and escrow closing will be divided equally between Buyer and Seller. Closing Agent/Title Company will be Stewart Title, Norfolk, Nebraska. Full possession will be given at closing subject to existing lease. The sale is not contingent upon Buyer financing. All preliminary financial arrangements must be made prior to the sale. This sale is subject to any easements, covenants, restrictions of record and all leases that may exist.

The Sellers will pay 2021 and all previous real estate taxes.

The Buyer acknowledges that he/she has made a personal inspection of the property and understands the land is being sold on an “AS IS” condition.  The sellers are not aware of any noxious weeds but cannot guarantee this. No warranty or guarantee is expressed or implied by the Seller or agents of UFARM Real Estate. No survey will be done. The land is being sold as a legal description. Please bid accordingly.

There is a wind development easement contract that pays $7/acre through December 31, 2023. Contact agent for more information.

Information has been compiled from sources deemed reliable, but neither UFARM Real Estate its agents nor the owners makes any guarantee as to the accuracy. It is the Sellers’ intent to sell, the highest bid will be accepted subject to the approval of the Sellers. UFARM Real Estate and its agents are representing the Seller.  The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid per acre. All announcements made the day of the sale take precedence over previous announcements, verbal or written. All decisions of the auctioneer are final.

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    THREE TRACTS:
    TRACT #1 – 160 +/- ACRES
    TRACT #2 – 240 +/- ACRES
    TRACT #3 – 135 +/- ACRES

    Opportunity to purchase a primarily irrigated farm with very good rolling silt loam soils. All of the tracts have excellent production history and fertility has been well maintained.

    LOCATION: Take Highway 45 south of Tilden to 839 Road (3.5 miles). Tract #1 turn east for 2 miles where tract is located 1 mile south on 838 Road. Tract #2 turn east for 2 miles where tract is located 1 mile south on 838 Road and Tract #3 turn east for 2 miles where tract will be on the south side of the road.

    LEGALS:
    Tract #1 – Northeast Quarter (NE4) of Section 17, Township 23 North, Range 4 West of the 6th PM in Madison County, Nebraska.
    Tract #2 – West Half of the Northeast Quarter (W2NE4) and Northwest Quarter (NW4) of Section 16, Township 23 North, Range 4 West of the 6th PM in Madison County, Nebraska.
    Tract #3 – East 55 acres of the Northeast Quarter (NE4), North 60 acres of the East Half of the Southeast Quarter (E2SE4) and part of the Southeast Quarter of the Southeast Quarter (Se4SE4) Section 8,  Township 23 North, Range 4 West of the 6th PM in Madison County, Nebraska.

    SOILS: Mixture of Nora and Moody silty clay loam soils.

    2020 REAL ESTATE TAXES:
    Tract #1  $9,508.68
    Tract #2 $15,018.68
    Tract #3 – $8,448.36

    FSA DATA:
    Tract #1
    FSA Crop Acres – 156.3
    Corn Base Acres – 104.8 enrolled in PLC with yield of 194
    Soybean Base Acres – 48.5 enrolled in ARC-CO with PLC yield of 60

    Tract #2
    FSA crop acres – 233.31
    BaSe acres are combined with Tract #3 – base acres will be split at local FSA office.
    Corn Base Acres – 177.20 enrolled in PLC
    Soybean Base – 177.2 enrolled in ARC-CO

    Tract #3
    FSA Crop acres –  129.9
    Base acres are combined with Tract #2 – base acres will be split at local FSA office.
    Corn Base Acres – 177.20 enrolled in PLC
    Soybean Base – 177.2 enrolled in ARC-CO

    IRRIGATION INFORMATION:
    Tract #1
    2018 8 tower Reineke irrigation with 75 hp electric well motor with flowmeter and 1550 gallon fertilizer tank.

    Tract #2
    2004 8 tower Reinke (west side) with a 75 hp electric well motor with flowmeter and 1550 gallon fertilizer tank and 1980 8 tower Reinke (east side).

    POSSESSION:  Full possession at closing at closing subject to existing Farm Lease with full possession March 1, 2022.

    There is a wind development easement contract that pays $7/acre through December 31, 2023. Contact agent for more information.

    See Links Below for Aerial Maps and Soils Maps

    Tract #1
    Tract 1 Aerial
    Tract #1 Topography
    Tract #1 Soil PDF

    Tract #2
    Tract #2 Aerial
    Tract #2 Topography
    Tract #2 Soils

    Tract #3
    Tract #3 Aerial Map
    Tract #3 Topography
    Tract #3 Soils Map

    Contact Us

    Andrew Stech
    Associate Broker
    Land Manager
    402-649-8744
    email»

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