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Hermat Farm, LLC – Land Auction

  • Pivot-Irrigated Cropland
    Gravity-Irrigated Cropland

Auction Date: January 27, 2022 at 1:00 pm CST
Auction Location: Adams County Fairgrounds | 947 S. Baltimore, Hastings, Nebraska
Notice: LAND AUCTION + Aerial Video!
Description: Join us Thursday, January 27, 2022 at 1:00pm CST for a land auction with Seller Reserve for Hermat Farm, LLC. 342.53 acres of Adams County irrigated cropland, offered in two parcels!
Location:

Parcels are south and southwest of Prosser, Nebraska.

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 March 15, 2022. There is no contingency for financing. Sellers to convey title by warranty deed; with title insurance evidencing merchantable title. Cost of 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.

Legal Description:

Parcel 1:
The Northeast Quarter (NE 1/4) and the North Half of the North Half of the Southeast Quarter (N 1/2 N 1/2 SE 1/4) of Section Twelve (12), Township Eight (8) North, Range Twelve (12) West of the 6th P.M., Adams County, Nebraska.

Parcel 2:
The Northeast Quarter (NE 1/4) of Section Eight (8), Township Eight (8) North, Range Eleven (11) West of the 6th P.M., less exception, Adams County, Nebraska; and Lots Seven through Twelve (7-12), Block One (1), South Prosser, less exception, Adams County, Nebraska; and Lots Five through Eight (5-8), Block Two (2), South Prosser, Adams County, Nebraska.

Possession: Full possession at closing.
Taxes: Seller to pay 2021 real estate taxes. Buyer to pay 2022 real estate taxes.
Seller: Hermat Farm, LLC
Comments:

Parcel 1:
This is an excellent farm in a strong farming community near competitive markets and a large cattle feedlot. Ample water combined with great production history make this farm an excellent addition to any operator or investor's portfolio!

Parcel 2:
This is a productive farm that has excellent access right off a blacktop road. Abundant water supplies make this farm an excellent candidate for center-pivot or drip-tape conversion!

Acres & Taxes:

Parcel 1:
200.00 Tax-Assessed Acres
2021 Real Estate Taxes - $11,058.26

Parcel 2:
142.53 Tax-Assessed Acres
2021 Real Estate Taxes - $8,896.82

Improvements:

Parcel 1:
Irrigation well; Western Land Roller pump; 80hp Amarillo gearhead, 1:1; propane power unit. Tenant owns the center-pivot irrigation system and generator. CPI Cooperative owns the propane tanks.

Parcel 2:
Fairbanks Morse pump; 50hp US Motors electric motor; electric panel. Tenant owns the re-use pit motor and pump, along with the gated pipe and fittings.

Water:

Parcel 1:
131.10 certified irrigated acres are reported by the Little Blue Natural Resources District. See well information in detailed brochure.

Parcel 2:
112.00 certified irrigated acres are reported by the Little Blue Natural Resources District. See well information in detailed brochure.

FSA Information:

See detailed brochure for FSA information on each parcel.

Soils:

Parcel 1:
Primarily Kenesaw silt loam soils, with slopes ranging from 0-6%.

Parcel 2:
Almost entirely Holder loam soils, with slopes ranging from 0-3%.