Hamaker Land & Farmstead Absolute Auction

Terms:

This cash sale requires a 15% earnest deposit at signing of the purchase agreement, immediately following the auction. The balance of the purchase price is payable in certified funds at closing, on or before May 22, 2024 (cropland) and June 28, 2024 (farmstead). There is no contingency for financing. Sellers to convey title by trustee's deed; with title insurance evidencing merchantable title. Cost of the title insurance and an insured closing by the title company will be shared 50/50 by Seller and Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; free and clear of all liens. The property sells in "as-is" condition. No warranty is expressed or implied as to the adequacy of any portion of the property.

Possession:

Full possession on Parcel 1 (cropland) granted upon the execution of purchase agreement and payment of earnest deposit. Full possession on Parcel 2 (farmstead) at closing.

Taxes:

Seller to pay 2023 real estate taxes. Buyer to pay 2024 real estate taxes.

Acreages:

Reported acreages were obtained from the County USDA-FSA office and County Assessor. The farm sells without regard to an exact number of acres. No warranty is expressed or implied as to exact acres. The legal descriptions are subject to existing fence/field boundaries. The property is being surveyed and this cost will be split equally between Seller and Buyer(s).

Seller:

Brant Hamaker and Jackie Hamaker

Acres & Taxes:

Parcel 1:
Estimated Tax-Assessed Acres | 107.00 acres
Estimated 2023 Real Estate Taxes | $5,740.00

Parcel 2:
Estimated Tax-Assessed Acres | 13.00 acres
Estimated 2023 Real Estate Taxes | $2,725.00

Soils:

Parcel 1:
Primary soils on this parcel consist of Nora-Crofton complex and Moody silty clay loam, with slopes ranging from 2-11%.

Parcel 2:
Primary soils on this parcel consist of Nora-Crofton complex and Moody silty clay loam, with slopes ranging from 2-11%.

FSA Information:

Parcel 1:

Estimated Total Farmland: 112.00 acres
Estimated Total Cropland: 110.00 acres

Government Base Acres:

Corn - 50.65
Soybeans - 50.65

PLC Yields:

Corn - 114 bu
Soybeans - 36 bu

NRD:

Lower Elkhorn Natural Resources District

Comments:

Parcel 1:
This is a productive, non-irrigated row crop farm, located in a strong farming community near exceptional grain markets. Local sources of organic fertilizer are also a great plus! The farm also has an established stand of alfalfa on 13.21 acres. The CRP contract on 4.99 acres goes through September 30, 2028 and pays $244.55/acre.

Parcel 2:
A premier location for country living:
• 1,862 square foot, two story home
• Original trim and wood floors
• Attached deck area
• Established wind breaks and mature trees
• Exceptional area for livestock
• 1680 square foot shop building, with cement floor and lean-to
• Chicken coop and other outbuildings