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Hoyt Family Auction

  • Irrigated Cropland
    CRP/CREP

Auction Date: September 08, 2021 at 1:00 pm CST
Auction Location: Red Willow County Fairgrounds in McCook Nebraska
Notice: SOLD! - $1,620,000
Description: ABSOLUTE LAND AUCTION: WEDNESDAY, SEPTEMBER 8, 2021 AT 1:00 PM Red Willow County Fairgrounds in McCook, Nebraska 2 Parcels - Hitchcock & Red Willow County, Nebraska To register visit: https://agriaffiliates.bidwrangler.com/ui
Location:

Parcel 1: From McCook, Nebraska, South approx. 2-3/4 miles on River Road/384 Road to the NW corner of Parcel.
Parcel 2: From McCook, Nebraska, South approx. 2 miles to Road 713 then west 7 miles to Road 377. South on Road 377 for 2 miles to the western boundary of the parcel.

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 October 6, 2021. 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/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. Auction conducted as a Absolute Auction without Reserve.

Legal Description:

Parcel 1: Pt. SW1/4 Section 7-T2N-R29W of the 6th P.M., Red Willow County, NE
Parcel 2: Pt. W1/2SE1/4 Section 13, NW1/4, Pt. W1/2NE1/4 West of Driftwood Canal Section 24-T2N-R31W of the 6th P.M., Hitchcock County Nebraska

Possession: Full possession at Closing, subject to the existing Farm/Building lease and CREP contract.
Acreages:

Parcel 1: 127.70 acres
Parcel 2: 238.17 acres

Seller: C. Hoyt Family
Acres:

Parcel 1: 127.70 Tax Assessed Acres
Parcel 2: 238.17 Tax Assessed Acres

Taxes:

Parcel 1: 2020 Real Estate Taxes due in 2021: $4,182.92
Parcel 2: 2020 Real Estate Taxes due in 2021: $5,014.80

FSA Information:

Parcel 1: Farmland - 124.9 acres, 101.7 cropland base; 101.5 ac. corn base @ 140 bu./ac. PLC yield.
Parcel 2: Farmland - 239.85 acres, 228.02 cropland base; 6.3 ac. corn base @ 140 bu./ac. PLC yield. Additional base available upon expiration of the CREP contract.

CREP:

Parcel 2: Contract # 11235A, Start 10/1/2020, End 9/30/2035, CREP Payment: $194.98/ac. on 221.7 ac. totaling $43,226 annual payment.

Water:

Parcel 1: 104 ac. surface water rights in Meeker-Driftwood Canal and 68.3 Certified Irrigated Acres in the Middle Republican NRD; NE Well Reg# G-115204, G-115205
Parcel 2: 223.70 ac. surface water rights in Driftwood Canal

Soils:

Parcel 1: 85% Class I & 14% Class II soils, majority in Hord and Cozad silt loams
Parcel 2: 46% Class I & 54% Class II soils, Keith and Blackwood silt loams

Equipment:

Parcel 2: 40HP GE electric motor, 20HP Holloshaft Pump

Comments:

Parcel 1: Gravity irrigated cropland with pivot potential on excellent soils and great location.
Parcel 2: Newly enrolled in CREP with first payment Fall 2021, previously pivot irrigated. Great annual income investment property.