The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Sargent Community Center
314 W. Main Street
BigIron Realty Agents will be at the Sargent Community Center on November 16, 2021, from 8:00 a.m. CST until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist Buyers with registering to bid 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 farm for 14 days beginning November 2, 2021, and ending November 16, 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.
General Description: This pivot irrigated farm has a Reinke Electrogator 2 installed in 2005. It is an 8-tower system with drop nozzles, an end gun, and has 38” tires. It is all-electric with a 50HP motor. It has had some recent upgrades installed. There are 145.13 certified irrigated acres on the farm; 119.83 by groundwater. The remaining 25.3 acres are by Sargent Irrigation District water, which runs $40 per acre per year. The northwest corner is gravity irrigated, and the pipe is included with the sale. There is a ditch that runs through a portion of the farm in the south. There are pivot bridges for the pivot to cross the low areas to make a full circle. The Seller has improved the drainage during his ownership by removing some trees, brush, and a culvert installed on the west side. Seller also put down $10,000 worth of rock on the west side and north for better year-round access. There is a stock well in the southwest corner of the property. The access is excellent off of a good blacktop road on the north side. Make this productive farm part of your operation with the Power of BigIron!
Legal Description: The NW ¼ Less Parcel and Pt of the SW ¼ Section 6-T19N-18W Custer County, NE, containing 156.73+/- acres.
2020 Taxes: $6,770.38
Land Location: This farm is located approximately 4 miles west of Sargent, NE, on the south side of Victoria Springs/Sargent Road, a blacktop county road. Watch for the Bigiron Realty signs!
Owner: B Double A Farms, LLC
Title Services: Boone County Title, Albion, NE
For more information, contact the listing agent:
Rex Mahoney 402-649-1816
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a $60,000 non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before January 5, 2022. Landlord possession at closing. Full possession is March 1, 2022. The Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller. The Seller will pay the 2021 real estate taxes, and the 2022 real estate taxes will be paid by the Buyer. The property will not be sold subject to financing. Buyer and Seller agree to cooperate on a 1031 exchange, if applicable. Bidding increments may be changed at the discretion of the Real Estate Agent. 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.