396.7+/- Acres Thomas County, KS
Selling in 2 tracts
UNRESERVED ONLINE AUCTION
Tuesday, November 7
Auction concludes November 7 at 10:00 AM
This farm is selling on an online only auction. To register and bid click here
This unreserved online auction features bidding extensions. If a bid is received within five minutes of the schedule close time, the bidding period is automatically extended by at least five minutes. This will continue until there is a five-minute period where no bids are placed. This ensures all bids are captured and no one can “snipe” the bid at the last minute.
Attend The Online Auction Information Meeting Monday, November 6 and Tuesday, November 7.
City Limits Convention Center
2227 South Range
BigIron Realty will be at the City Limits Convention Center (Altair Room) on Monday November 6, from 2:00 to 7:00 and Tuesday November 7 from 8:00 am until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online.
Legal Description: Tract #1: NE ¼ 17-6-36 & N ½ of SE ¼ 17-6-36;
Tract #2: SW ¼ 22-6-36
Year: 2016 Taxes: Tract #1: NE ¼ 17-6-36 $1,664.39
N ½ of SE ¼ 17-6-36 (included in $1,664.39 above)
Tract #2: SW ¼ 22-6-36 $1,152.97
Land Location: Both tracts are located in Thomas Count, KS. Tract #1 is located 12 miles north of Brewster, KS on County Road 2, then ½ mile east on County Road CC. Tract #2 is 9 miles north of Brewster, KS on County Road 2, then 3 miles east on County Road Z, then 1 mile north on County Road 5, then a half mile west on County Rd AA.
General Description: The 396.7 acres offered for sale in this listing is currently cash leased through Dec. 31, 2018. It is all highly productive dryland, cash rented for $60 per acre. Total cash rent is $23,802.00 due in two payments, half due March 1 and half due Nov. 1 each year.
Tract #1 is the NE ¼ 17-6-36 and the N ½ of SE ¼ 17-6-36, with a total of 239.0 acres per the Thomas County Treasurer and 235.47 acres per FSA official acreage of which 233.74 is cropland and 1.73 acres noncropland. This is above average dry cropland in Thomas County which has some of the most productive cropland in Kansas. Soils consist of approximately 89.6% Class II Kuma silt loams with 0-1% slopes, with the 10.4% balance mostly Class III Ulysses silt loams 3-6% slope in the southwest corner. Both soil types have high water storage capability in their profiles.
FSA Crop Base PLC Yield
ARC-CO Corn 80.62 134 bu.
ARC-CO Wheat 58.82 47 bu
ACR-CO Sunflowers 16.74 1382 lbs
ACR-CO Peas 8.62 1292 lbs
Tract #2 is the SW ¼ 22-6-36 with a total of 157.7 acres per the Thomas County Treasurer and 158.65 acres per FSA official acreage. This quarter section is prime above average dry cropland in Thomas County which has some of the most productive cropland in Kansas. The soil is 100% Class II Kuma silt loam, 0-1% slopes. Kuma silt loam has high water storage capability in its profile.
FSA Crop Base PLC Yield
ARC-CO Wheat 39.91 47 bu
ARC-CO Corn 54.7 134 bu
ARC-CO Sunflowers 11.36 1382 lbs
ARC-CO Peas 5.85 1292 lbs
Mineral Rights: No minerals pass they are retained by prior owner.
Water Rights: Pass to the buyer.
Possession: At closing, subject to tenants rights.
Title Insurance & Closing Costs: Shared 50/50 buyer & seller.
Terms: The successful high buyer will be notified by a BigIron Realty agent at the conclusion of the auction and will be required to enter into a written purchase agreement with 15% down payment to be bank wired within 48 hours of the close of the auction. The balance will be due at closing on or before December 7, 2017. Buyer will receive full possession on the date of closing, subject to tenant rights. Seller will provide marketable title to the buyer evidenced by Title Insurance. The current year real estate taxes will be paid by the Seller and 2018 Real Estate Taxes paid by the Buyer. Property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement to be signed by the seller and buyer after the auction is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.