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Pursel Farms Land Auction – Frontier Co., NE – All Parcels Sold – $3,230,000

  • Irrigated Cropland
    Non-Irrigated Cropland
    Ranches/Range/Pastureland

Auction Date: December 03, 2020 at 1:00 pm CST
Auction Location: Curtis Community Center
Notice: ALL PARCELS SOLD
Description: THURSDAY - DECEMBER 3, 2020 1:00 P.M. - Curtis Community Center - Curtis, NE Approximately 1,881 acres - Irrigated, Dry Cropland & Pasture To view the live auction click "HERE"
Location:

Located 3.5 miles east of Curtis or 1 mile west and 3 miles south of Moorefield, Nebraska

Terms:

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 December 29, 2020 & January 15, 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 Seller Reserve Auction.

Legal Description:

Parcel 1: NE1/4 Sec. 30-T8N-R27W of the 6th P.M., Frontier County, Nebraska
Parcel 2: (Subject to a Survey)) Pt. SW1/4 Sec 30-T8N-R27W (cropland portion); Pt E1/2 west of the county road, E1/2W1/2, Pt. W1/2W1/2 (cropland portion) Sec 31-T8N-R27W; Pt. N1/2 Sec 6-T7N-R27W (cropland portion) of the 6th P.M., Frontier County, Nebraska
Parcel 3: (Subject to a Survey) Pt. SW1/4 Sec. 30-T8N-R27W (rangeland portion); Pt. E1/2SE1/4
lying east of the CB & Q Railroad right-of-way Sec. 25-T8N-R28W; Pt. W1/2W1/2 Sec. 31-T8N-R27W (rangeland portion); Pt. NW 1/4 Sec. 6-T7N-R27W (rangeland portion); E1/2NE1/4, and a surveyed tract in the W1/2NE1/4 Sec. 1-T7N-R28W of the 6th P.M., Frontier County, Nebraska
Parcel 4: NW1/4 Sec 29-T8N-R27W of the 6th P.M., Frontier County, Nebraska
Parcel 5: Pt SE1/4 E of Co Rd Sec 31-T8N-T27W; S1/2SW1/4 Sec 32-T8N-R27W; Pt NE1/4 E of Co Rd Sec 6-T7N-R27W; NW1/4, NE1/4SW1/4, W1/2SW1/4 Sec 5 T7N-R27W of the 6th P.M., Frontier County, Nebraska

Possession: Full possession at Closing, subject to a Building Lease expiring 2/28/2021, and a Farm Lease expiring 2/28/2021.
Acreages:

1881

Seller: Pursel Farms, Inc.
Taxes & Acres:

Parcel 1: Estimated 159 taxed acres - 2019 taxes estimated by parcel $2,591
Parcel 2: Estimated 711 taxed acres - 2019 taxes estimated by parcel $16,505
Parcel 3: Estimated 480 taxed acres - 2019 taxes estimated by parcel $3,943
Parcel 4: 159 taxed acres - 2019 taxes $3,159
Parcel 5: Estimated 370 taxed acres - 2019 taxes estimated by parcel $3,170

Land Use:

Parcel 1: 151 acres dry cropland
Parcel 2: Estimated: 240 acres pivot irrigated (pivots owned by current tenant), 235 acres dry cropland, 142 acres rangeland and 79 acres winter range.
Parcel 3: Entirely rangeland. Pipeline water supplied by well from Parcel 2, selling separately. This parcel will include the assignment of BELF Lease which is an additional 238.48 acres of rangeland.
Parcel 4: 50 acres dry cropland, 89 acres rangeland, 11 acres winter range and a 4 acre improvement site.
Parcel 5: 352 acres rangeland and 16 acres dry cropland. Pipeline water supplied by well from Parcel 2, selling separately.

FSA Info:

Parcel 1: FSA INFO: 150.79 Cropland acres. Base Acre Info: 81.5 Corn Acres with PLC Yield of 158 bu.; 45.38 Wheat Acres with PLC Yield of 39 bu.; 1.79 Grain Sorghum Acres with PLC Yield of 80 bu. & 4.49 Soybean Acres with PLC Yield of 46 bu.
Parcel 2: FSA INFO: 523.85 Cropland acres. Base Acre Info: 236.55 Corn Acres with PLC Yield of 158 bu.; 137.34 Wheat Acres with PLC Yield of 39 bu.; 5.41 Grain Sorghum Acres with PLC Yield of 80 bu. & 13.59 Soybean Acres with PLC Yield of 46 bu.
Parcel 4: FSA INFO: 71.32 Cropland acres. Base Acre Info: 32.21 Corn Acres with PLC Yield of 158 bu.; 15.37 Wheat Acres with PLC Yield of 39 bu.; 0.61 Grain Sorghum Acres with PLC Yield of 80 bu. & 1.52 Soybean Acres with PLC Yield of 46 bu.
Parcel 5: FSA INFO: 49.28 Cropland acres. Base Acre Info: 8.84 Corn Acres with PLC Yield of 158 bu.; 5 Wheat Acres with PLC Yield of 39 bu.; 0.2 Grain Sorghum Acres with PLC Yield of 80 bu. & 0.49 Soybean Acres with PLC Yield of 46 bu.

Soils:

Parcel 1: 93% Class II Hall silt loam, 0-3% slope
Parcel 2: Cropland made up of 92% Class II Holdrege & Hall silt loam, 0-3% slope
Parcel 4: Cropland made up of 94% Class II Hall silt loam, 0-3% slope
Parcel 5: Cropland made up of 97% Class II Holdrege & Hall silt loam, 0-3% slope

Irrigation - Parcel 2:

Well G-000005 in 2001; 1,700 gpm from 280 ft., 278.5 Certified Irrigated Acres in the Middle Republican NRD, 48.73 remaining inches for the 2018-2022 allocation period

Improvements:

Parcel 2: 1– 50x30 Shed/Shop, 1– 39x39 Steel Building, 2-6,400 bu. Bins, 1-9,150 bu. Bin and other old bins and buildings.
Parcel 4: An older 3-bedroom 1-bath home, with 1,352 sq/ft. 1-8,700 bu. Bin, 1– 80x40 Quonset. Other old buildings and bins are also on the property.