ABSOLUTE 324 Acres Pivot Irrigated Farms – Christine Schurman Revocable Trust
August 23, 2019
SOLD Tract 1 – $6,000/acre
SOLD Tract 2 – $6,000/acre
324.51 Acres – 2 Tracts
Northern Franklin County
ABSOLUTE LAND AUCTION
August 23rd – 10:00 AM
Lions Hall – Wilcox, NE
Great Quality Pivot Irrigated Farm Ground Selling at Auction – Make Plans To Attend
Selling for the Christine J. Schurman Revocable Trust
Jeff Harris & Patti Harris Trustees
Legal Description: Northeast ¼ Section 4, Township 3 North, Range 16 West of the 6th PM, Franklin County Nebraska.
Location: Approximately 7 miles south and 2 miles east of Wilcox or 5 miles south and 4 miles west of Hildreth.
About the Land: 161.99 acres more or less according to the Franklin County Assessor records. Pivot irrigated ground including a Valley 8000 8 tower pivot with drop nozzles. Powered by natural gas Chevy 454 power unit. Well is located 1,360ft. east of pivot point and water is delivered via underground pipe. There are 2 risers located in each of the north corners for gravity irrigation.
Farm Service Agency Base Acres: 158.02 acres crop land. Enrolled in ARC County Program. Base acres- Corn 95.30; Soybeans 30.7
Well Data: (Per Registration) G000203; Drilled 5/29/1985 @ 1,200gpm; Well Depth 305’; Static 198’; Pumping 222’; Diameter 8”; Layne Bowler Pump; De’Ran Gearhead
NRD: Land is located in the Lower Republican NRD and has certified irrigated acres of 150.60. According to NRD, balance at the end of 2018 was 48.5” left for 2019-2022.
Soil Types: 24% Class I Hastings Silt Loam, 0-1% slope
47% Class II Holdrege and Hobbs silt loams, 0-3% slope
14% Class IV Coly-Uly silt loams, 3-11% slope
15% Class VI Coly-Uly silt loams, 11-30% slope
2018 Taxes: $5,826.82
Legal Description: Southeast ¼ and South 16.5’ of the East ½ of the Northeast ¼ in Section 2 Township 4 North, Range 16 West of the 6th PM, Franklin County Nebraska.
Location: Approximately 2 miles west of Hildreth.
About the Land: 162.52 acres more or less according to the Franklin County Assessor records. Pivot irrigated ground including a T&L 8 tower pivot with drop nozzles. Powered by Chevy 454 natural gas power unit. Water is delivered to 4 separate risers in each corner of the farm. Well located 525’ west of the pivot point with water delivered underground to the pivot point.
Farm Service Agency Base Acres: 156.74 acres crop land. Enrolled in Arc County. Base acres – Corn 111.1 acres; Soybeans 39.00 acres; Wheat 6.00 acres
Well Data: (Per Registration) G092100; Drilled 3/12/1997 @ 750gpm; Well Depth 249’; Static 151’; Pumping 168’; Diameter 9”; Goulds Pump; De’Ran Gearhead
NRD: Land is located in the Lower Republican NRD and has certified irrigated acres of 156.70. According to NRD, balance at the end of 2018 is 47.7” for 2019-2022
Soil Types: 80% Class II Holdrege & Butler silt loam, 0-3% slope; 15% Class III Uly silt loams, 3-6% slope; 5% Class VI Coly-Uly silt loams, 11-30% slope
2018 Taxes: $6,135.86
Method of Sale: The sale of this property positively sells at Absolute Unreserved Auction. Property will be offered in 2 Parcels and combination. The auctioneer will determine the bid increments.
Payment: $100,000 per farm deposit required day of auction with the signing of a Adam Marshall Auctioneers & Land Brokers, LLC purchase agreement. Certified or personal check accepted. The balance will be due at closing on September 25th, 2019.
Possession: Full possession of the property will be given subject to tenants 2019 lease. Buyer will have 2020 possession.
Financing: This sale is NOT contingent upon buyer’s financing. Prospective buyers should make their financial arrangements prior to the auction.
Condition: This property is selling in “As Is” condition. There are no warranties expressed or implied to the condition of the property.
Taxes: 2019 and previous years real estate paid by the Seller. The 2020 taxes and subsequent years are to be paid by the buyer.
Title: Title insurance will be used to evidence merchantable title. The cost of title insurance and escrow closing fees to be divided equally between the buyer and seller.
Minerals: All mineral rights owned by the sellers will pass to the buyers, if any.
Agency: All representatives of Adam Marshall Auctioneers & Land Brokers are acting as agents of the seller.
Absentee Bids: Bidding via cell phone, and/or on someone’s behalf must be approved by Adam Marshall Auctioneers & Land Brokers, LLC at least 24 hrs. prior to the auction.
All information is deemed reliable, but is not guaranteed. We urge the buyer to inspect and rely upon their own conclusions. Announcements the day of the auction will take precedence over information provided herein.