SOLD!

Tract #1 - $1,724,240

Tract #2 - $1,757,489

Tract #3 - $1,705,293

Tract #4 - $1,501,556

Tract #5 - $1,152,000

 

 

5 Tracks

Pivot Irrigated/ Grain Handling/ Acreage

 

LAND AUCTION

Friday, November 15, 2024, 10:00 a.m.

Ruhter Auction & Realty, Inc. Auction Facility

2837 W. Hwy 6 Hastings, NE

 

Online bidding offered with prior approval

Check Here for Registration & Online Bidding
 

Fricke Farms Inc. presents a once-in-a-generation opportunity to purchase 808.33 acres of high-quality mostly pivot irrigated farmland at auction.  This rare offering includes five tracts with a modern grain facility, very well kept home, shop, and livestock buildings.  High-quality farmland of this scale is seldom available in this part of Nebraska, making it an ideal acquisition for relocating or expanding farming operations or enhancing investment portfolios. Online bidding is available with prior approval for this rare auction.

 

Auction Method:  These properties will be offered separately and NOT in combination.  All 5 properties will close simultaneously at the conclusion of the auction.

 

 

 

 

 

 

 

 

 

Tract 1

Location:  4 ½ miles south of Hastings on Hwy 281.  (West side of road)

Legal Description:  SE ¼ Ex Tract for Hwy in Section 11-T6N-R10W Adams County, Nebraska 153.95 acres +/-

Equipment: 

2018 T-L 7 tower center pivot s/n 38240: 800 gpm @ 55 psi, 3,562 hours showing

Chevrolet 454 Natural Gas power unit

Amarillo 80 hp gearhead

(There is a 2^nd well located on the north side of this farm that has not been used for several years.  The tenant indicated the condition of this well is poor.  The backflow valve on this well is the property of the tenant and not included)

Irrigation Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition price bid at the auction will be $67,000.

NRD Information:  145 certified irrigated acres Little Blue NRD

Taxes:  $10,088.94 (2023)

  

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Tract 2

Location:   5 miles south of Hastings on Hwy 281.  (East side of road)

Legal Description:  NW ¼ Ex Tax Lot 1 & Ex Tract for Hwy in Section 13-T6N-R10W Adams County, Nebraska 155.53 acres +/-

Equipment: 

2004 T-L 7 tower center pivot s/n 20950:  900 gpm @ 65 psi, 10,166 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 100 hp gearhead

(There is a 2^nd well located on the south side of this farm that has not been used for several years.  The tenant indicated the condition of this well is poor.  The backflow valve and gearhead on this well are owned by the tenant and not included)

Irrigation Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition price bid at the auction will be $26,000.

NRD Information:  137.28 certified irrigated acres Little Blue NRD

Taxes:  $10,113.30 (2023)

FSA Information Tracts 1 & 2:

Farmland                          308.97

Cropland                          303.06

Corn Base                        294.59

*Base acre allocation among these farms will be done by the FSA office after closing*

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Tract 3

Location:  5 ½ miles south of Hastings on Hwy 281.  (East side of road)

Legal Description:  SW ¼ Ex Tax Lot 2 & Ex Tract for Hwy in Section 13-T6N-R10W Adams County, Nebraska 153.63 acres +/-

Equipment: 

2010 T-L 8 tower center pivot s/n 28226:  800 gpm @ 55psi, 8,556 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 80 hp gearhead

Water Lube Well

Irrigation Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition price bid at the auction will be $41,000.

NRD Information:  133.29 certified irrigated acres Little Blue NRD

Taxes:  $9,618.08 (2023)

FSA Information Tract 3:

Farmland                          153.86

Cropland                          147.98

Corn Base                        143.85

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Tract 4

Location:  6 ¼ miles south of Hastings on Hwy 281.  (East side of road)

Legal Description:  S ½, NW ¼ & N ½, SW ¼ Ex Gunn Acres & Ex Tract for Hwy in Section 24-T6N-R10W Adams County, Nebraska 153.22 acres +/-

Equipment: 

2020 T-L 8 tower center pivot s/n 39434:  800 gpm @ 60psi, 3,312 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 100 hp gearhead

Irrigation Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition price bid at the auction will be $73,000.

NRD Information:  135.15 certified irrigated acres Little Blue NRD

Taxes:  $9,193.20 (2023)

FSA Information Tract 4:

Farmland                          154.01

Cropland                          147.37

Corn Base                        140.66

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Tract 5

Location:  7 miles south of Hastings on Hwy 281 to Sundown Rd then ½ mile west.

Legal Description:  SW ¼ & SW ¼, SE ¼ in Section 23-T6N-R10W Adams County, Nebraska 192 acres +/-

Irrigation Equipment: 

2005 T-L 8 tower center pivot s/n 22456:  600 gpm @ 50psi

Chevrolet 454 Natural Gas Power Unit

Amarillo 80 hp gearhead/ 6” well

40 hp GE electric motor/ 8” well (pipe is the property of the tenant and not included)

Irrigation Equipment Value:  The value of the irrigation equipment on the purchase agreement NOT in addition price bid at the auction will be $28,000.

NRD Information:  100.25 certified irrigated acres Little Blue NRD

Taxes:  $12,968.98 (2023)

FSA Information Tract 5:

Farmland                                          189.68

Cropland                                          129.28

Corn Base                                        119.17

Soybeans Base                                  7.43

**Please note the 10.30 acre field west of the house is irrigated from the well across the road.  The use of this well is not part of this transaction**

***Preliminary Auction Statement***

Regarding County Landfill in part of SW/4 23-6-10,

Adams County, Nebraska. Phase I Environmental Site Assessment

The owner has determined that Adams County operated a small County landfill  from 1971 to 1976 when it was closed and covered. It is the owner's understanding that only household waste was deposited. The owners have retained GSI Engineering, LLC, a reputable and established environmental consulting firm, to conduct a Phase I Environmental Site Assessment consistent with the technical scope and objectives prescribed by American Society for Testing and Materials (ASTM) E-1527-21 Standard Practice for Environmental Site assessments standards. The buyer of this property takes free of liability as a bona fide prospective purchaser after the Phase I Environmental Site Assessment is completed and delivered prior to closing the purchase.

  

Home:

Style                                       1 ½ Story

Year Built                              1932

Sq. Footage Main                1,367

Sq. Footage Upper                 450

Sq. Footage Basement       1,187

Bedrooms                                    2

Bathrooms                                  3

This is a home with many updates including:

-Corian countertops in the kitchen

-Luxury vinyl flooring in kitchen 2 ½ years ago

-Appliances in good condition and modern

-Several new windows and paint

-Wiring updated in last 10 years

-Furnace & A/C regularly serviced

-Detached garage

 

  

Shop & Outbuildings:

Shop 50’ x 58’- fully insulated

Quonset 44’ x 80’

Livestock buildings & other outbuildings

  

Grain Handling Facility:

1,000 bushel pit & delivery system

28’ x 26’ wet holding bin

30’ x 21’ drying bin (Calc-U-Dri system & components are owned by the tenant and not included)

36’ x 29’ storage bin

38’ x 24’ storage bin

(6) 36’ x 29’ storage bins

Total bushels at Adams County Assessor are 212,669.  Tenant indicates he usually gets 225,000 to 250,000 bushels in depending on the year.

Auction Terms

Terms:  A payment equal to 10% of the purchase price will be due the day of the auction.  The balance will be due on or before December 20, 2024, by certified funds, or a direct wire transfer to the closing agent.  The 2024 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. 

 

Possession:  Full possession for the 2025 crop year will be granted. The current tenant has the right to remove the corn from the bins until August 15, 2025.  The tenant is responsible for the electrical use on the bins until the corn is removed.

 

Auction Method:  Any absentee bids or bidding on behalf of another person or entity must be approved by Ruhter Auction & Realty, Inc and the sellers. 

 

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.  The pivot & well data is from when the systems were first installed.  This property sells “AS IS WHERE IS” with no warranties either expressed or implied.  Interested parties should conduct their own due diligence.  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 an agent of the seller.

 

Seller:  Fricke Farms Inc.