Land Auction | Lila B. Rees Estate

Non-Irrigated Cropland Ranch & Pasture Land
148.43 acres

Auction Date:

November 16, 2022 at 1:00 pm

Auction Location:

Vintage Venue | 620 Court St., Beatrice, Nebraska

Description:

Join us Wednesday, November 16, 2022 at 1:00 PM CST for a land auction with Seller Reserve for the Lila B. Rees Estate. 148.43 acres of Gage County, Nebraska cropland! Offered in cooperation with Don Kracke - Keller Williams.

Location:

Southeast of Wymore, 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 January 12, 2023. 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, right-of-ways, 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.

Acres:

148.43

Possession:

Subject to lease expiring February 28, 2023.

Taxes:

Seller to pay 2022 real estate taxes.

Acreages:

Reported acreages were obtained from the County USDA-FSA office and County Assessor. The farm sells without regard to acres. No warranty is expressed or implied as to exact acres. The legal descriptions are subject to existing fence/field boundaries.

Seller:

Lila B. Rees Estate

Natural Resources District:

The property is located in and subject to the rules and regulations of the Lower Big Blue Natural Resources District.

Internet Bidding:

To qualify as a bidder, first complete a required phone interview with Agri Affiliates, then setup an account, username, and password in online bidder platform. Final approval as a bidder must be completed 48 hours prior to the auction. Anyone may view the auction at www.agriaffiliates.bidwrangler.com without registration.

Taxes:

2021 Real Estate Taxes - $4,595.80

FSA Information:

Total Farmland: 150.61 acres

Total Cropland: 125.26 acres

Government Base Acres:

Wheat - 31.2
Oats - 0.4
Gr. Sorg. - 39.4

PLC Yields:

Wheat - 33
Oats - 45
Gr. Sorg. - 69

*FSA records show the pasture/pond size at 25.35 acres.

Soils:

Primarily Malmo, Pawnee Complex, and Wymore silty clay loam, with slopes ranging from 2-11%.

Comments:

This is a very well-situated farm along U.S. Highway 8, approximately 25 miles southeast of Beatrice. The cropland consists of primarily Class II and Class III soils. A pong and large well-placed shelterbelt are also valuable assets to the cattleman.

Agri Affiliates welcomes the opportunity to work with outside Brokers representing buyers; however, when purchasing a property listed by Agri Affiliates, a buyer’s Broker, must be identified on first contact, must be present at the initial showing of the property, and must actively participate in the writing of offers. If any of these conditions are not met, buyer’s Broker compensation, if any, will be at the sole discretion of Agri Affiliates.

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