The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
2503 S. Locust Street
Grand Island, NE 68801
BigIron Realty Agents will be at Ramada Inn, in Grand Island, NE, on October 26, 2021, from 8:00 a.m. CDT 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 October 12, 2021, and ending October 26, 2021, at 10:00 a.m. CDT. 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 farm is located in a highly developed and productive area for farming; therefore, land doesn’t change ownership often. It has excellent access from a good blacktop road to the north and a well-maintained gravel road to the west. There are 134.47 certified irrigated acres, according to the CPNRD, serviced from three wells. The northwest portion of the farm currently has a Valley corner system, and the balance is gravity irrigated. The west two wells are electric. The northwest services the Valley system, and the southwest services the gravity irrigation. The east well uses a 4 cylinder propane power unit for gravity irrigation. The farm is in corn and beans this season. It is close to local markets and an ethanol plant. There is income potential with hunting opportunities from the timber that runs through the farm. The tenant owns the Valley system, the panel, gravity pipe, and the 4 cylinder power unit, which are not included in the sale. Aurora Co-op owns the propane tank. Investors, the tenant has been on the farm for many years and would consider staying on if needed. Add this farm to your operation with the Power of BigIron Realty!
Legal Description: Pt N ½ NW ¼ and Pt S ½ NW ¼ Section 5-T11N-R11W Hall County, NE, containing 156.73+/- acres.
2020 Taxes: $10,128.54
Land Location: From Cairo, NE, go 2 ½ south on Hwy 11 to Airport Road, then 1 mile east. The farm lies on the southeast of the road. Watch for the BigIron Realty signs!
Owner: Barry L. & Jolene A. Bucholz Trust and Kenneth L. & Sandra K. Maret Trust
Title Services: Boone County Title, Albion.
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 $100,000 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 November 30, 2021. 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 Buyer will pay the 2022 real estate taxes. The 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.