SOLD #15,200/Acre

 

Friday, November 12, 2021, 10:00 a.m.

Ruhter Auction & Realty, Inc. Auction Facility

2837 W. Hwy 6 | Hastings, NE

Click Here for Online Catalog & To Register To Bid

 

*Online bidding offered with prior approval*

 

Location:  From the intersection of Hwy 281 & Lochland Rd (north side of Hastings) go 2 miles west.  Or from the intersection of Marian Rd & 12^th Street in Hastings go 3 miles north.

 

Legal Description:  Southeast Quarter (SE ¼) of Section Twenty-two (22), Township Eight North (T8N), Range Ten West (R10W) of the 6^th P.M. Adams County, Nebraska 160 acres +/-

 

 

Description:  This is an excellent pivot irrigated farm with Holder and Hastings silt loam soils.  156.44 acres of cropland including 137.39 certified irrigated acres.  Located in an area with ethanol production, soybean processing, livestock feeding facilities and major grain terminals this is a tremendous opportunity for the farmer or investor to purchase highly productive pivot irrigated farmland.

 

Equipment:  2013 T-L 7 tower center pivot, Precision III controller, 5,060 hours showing at time of data gathering.  1,299.4’ system, 90.6’ end gun radius, nozzled at 750 gpm, 35.0 psi at time of installation.  Flow meter on 9/01/2021 read 800 gpm.

Amarillo 80 hp gearhead 11:10 ratio 

Amarillo 100 hp gearhead on a well not currently being used.

(Diesel power unit & fuel tank is property of the tenant and not included)

 

*The value of the irrigation equipment on the purchase agreement NOT in addition to the price bid at auction will be $57,000.

 

Taxes:  $8,743.48 (2020)

 

 

Sellers: James R. Peebles Trust & Shirley Langston

 

Terms:  A payment equal to 20% of the purchase price will be due the day of the auction.  The balance will be due on or before December 13, 2021, by cash, certified funds, or a direct wire transfer to the closing agent.  The 2021 and all prior taxes will be paid by the sellers.  The buyer will be responsible for all subsequent taxes.  Title insurance will be split equally between the buyer and the seller.  The sellers will convey fee simple title subject to any existing highways, easements, reservations, or encumbrances of record on file with Adams County Register of Deeds.  All equipment and improvements sell in “as is” condition. 

 

Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition to the price bid at auction will be $57,000.

 

Possession:  Full possession for the 2022 crop year will be granted.  Landlord’s possession will be granted at closing subject to the lease expiring December 31, 2021.

 

Auction Method:  Bidding increments are at the discretion of the auctioneer.  Any absentee bids or bidding on behalf of another person or entity must be approved by Ruhter Auction & Realty, Inc and the seller. 

 

Announcements:  All inspections required by the purchaser will need to be made prior to the auction date.  This sale is not contingent upon financing and while the information presented in marketing materials and on auction day were obtained from sources deemed reliable neither Ruhter Auction & Realty, Inc. or the seller makes any guarantees or warranties as to the accuracy.  This property sells “AS IS WHERE IS” with no warranties either expressed or implied.  Interested parties should conduct their own due diligence.  Any announcements made Auction Day by Ruhter Auction & Realty, Inc. will take precedence over any previous oral statement, printed materials, or any other communication.  Final bids are subject to seller confirmation/ acceptance.

 

Acres & Mapping:  The maps used in promotional materials and at the auction may not be to scale and are meant for illustrative purposes only.  The acres represented on these properties are simply used as a multiplier for total sales price.  A survey has not been completed; however, we have used the best sources available to us in determining the correct acreage, but they are not guaranteed.

 

Ruhter Auction & Realty, Inc. is acting as an agent for the seller.