Pierce County, Nebraska, Simulcast Land Auction – May 31, 2023

Property Details

160+/- ACRES CRP WITH EXCELLENT RENTAL RATE 11 ACRES CROPLAND CROSS-FENCED PASTURE EAST OF PLAINVIEW, NEBRASKA

PRICE, TERMS AND POSSESSION: The successful buyer will be required to sign the purchase agreement and deposit 10% as earnest money in the form of personal, business or cashier check immediately following the sale. Closing will be on or before June 30, 2023. The cost of title insurance and escrow closing will be divided equally between Buyer and Seller. The sale is not contingent upon Buyer financing. All preliminary financial arrangements must be made prior to the sale. This sale is subject to any easements, covenants, restrictions of record and all leases that may exist.

The Sellers will pay 2022 and the buyer will be responsible for the 2023 and future real estate taxes.

The Buyer acknowledges that he/she has made a personal inspection of the property and understands the land is being sold on an “AS IS” condition. The sellers are not aware of any noxious weeds but cannot guarantee this. No warranty or guarantee is expressed or implied by the Seller or agents of UFARM Real Estate. No survey will be done. The land is being sold as One Tract – 160 Acres please bid accordingly.

Information has been compiled from sources deemed reliable, but neither UFARM Real Estate its agents nor the owners makes any guarantee as to the accuracy. It is the Sellers’ intent to sell, the highest bid will be accepted subject to the approval of the Sellers. UFARM Real Estate and its agents are representing the Seller. The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid per acre. All announcements made the day of the sale take precedence over previous announcements, verbal or written. All decisions of the auctioneer are final.

DESCRIPTION: An opportunity to purchase a good combination grass and cropland farm south of Plainview, Nebraska. There are 52.45 acres in CRP and 11 acres cropland. The pasture is cross-fenced into several paddocks for increasing carrying capacity. A submersible well and drinker is located on the west side.

CRP: Property is currently enrolled in a USDA Conservation Reserve Program (CRP) Contract 11178, which expires September 30, 2027. Contract is based on 52.45 acres with a rental rate of $210/acre for an annual contract payment of $11,018.00. The mid-term management plan has been completed. Within 30 days following closing, buyer will sign all FSA documents transferring the CRP contract into their name. When fully transferred the buyer will receive the 2023 and future payments. Cash rent for the cropland will go to the buyer.

LOCATION: The property is located 1 mile east of Plainview to 538 Avenue then 8 miles south 856 Road. From Pierce proceed 12 miles west on the blacktop and 2 miles north on 538 Avenue.

LEGAL: Northwest Quarter (NW4) Section 14, Township 26 North, Range 4 West of the 6th PM in Pierce County, Nebraska.

SOILS: The land is primarily Thurman loamy fine sand and Boelus-Loretto complex 0-6%.

BASE ACRES: Corn – 36.48 acres with a yield of 114 bushels. 19.32 base acres will be restored when the CRP expires.

2022 Real Estate Taxes: $3,247.36