The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
925 W. Magnolia Rd
Salina, KS 67401
BigIron Realty Agents will be at American AgCredit in Salina, KS, Monday, November 29, 2021, from 1:00 to 5:00 p.m. CST and Tuesday, November 30, 2021, from 8:00 a.m. CST until the conclusion of the online auction. Please come during the times scheduled to discuss the land. BigIron Realty representatives will be there to assist Buyers with registering to bid and placing bids online. 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 land for 14 days beginning November 16, 2021,
and ending November 30, 2021, at 10:00 a.m. CST. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to 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, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
These 104.52+/- taxable acres in Saline County, KS, are rated 100% ‘Prime Farmland’ by the USDA, Natural Resource Conservation Service (NRCS). The soil is highly productive Longford Silt Loam. It’s terraced with grass waterways on the north and east. FSA carries it as 102.5 acres cropland with 99.79 acres planted to soybeans in 2021. It will be planted back to wheat for harvest in 2022. The Buyer receives one-third owner’s share of the harvested wheat. Possession goes to the Buyer at closing subject to tenant’s rights ending the earlier end of the 2022 wheat harvest, destruction of the wheat crop, or August 1, 2022. Mineral rights pass to the Buyer believed to be 100% intact. Seller pays 2021 and prior year taxes. This land is in the heart of central Kansas pheasant and deer hunting. It has outstanding access 7 miles east of Salina, KS, on paved Magnolia Road, then half-mile south on Whitmore Road, or from paved Kipp Road one mile west on Schilling Road. It’s just a half-mile west of Kipp, KS.
52+/- taxable acres with 102.5+/- acres cropland
100% ‘Prime Farmland’ per USDA-NRCS
Longford Silt Loam, terraced with waterways
Seller pays 2021 and prior year taxes
Possession at closing subject to tenant’s rights
Buyer receives 1/3 of the 2022 wheat crop
Mineral rights pass to Buyer believed 100% intact
7 miles east of Salina, KS, on Magnolia Rd & 1 south
Legal Description: E ½ of SE ¼ and E ½ of W ½ of the SE ¼ Section 31-14-1 Saline County, KS, containing 104.52+/- acres.
2020 Taxes: $1,404.30
Land Location: From Salina, KS, at the intersection of Ohio Street & Magnolia Road, go 7 miles east on Magnolia Road to Whitmore Road, then 1 mile south. Look for yellow BigIron Realty signs.
Wheat 40.8 41 PLC
Soybeans 40.8 36 ARC-CO
Mineral Rights: Seller’s mineral rights believed to be 100% intact go to the Buyer
Water Rights: Go to the Buyer
Possession: To the Buyer at closing subject to tenant’s rights ending the earlier end of 2022 wheat harvest, destruction of the wheat crop, or August 1, 2022.
Terms: The sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record, if any. The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Kansas Secured Title, 121 N. 7th St., Salina, KS 67401. The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before January 11, 2022. The Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller. The Buyer will pay additional title insurance required by a Buyer’s lender 100%. Seller pays 2021 and prior year real estate taxes. The property will not be sold subject to financing. 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.