613.9+/- Acres Morton County, KS selling in 2 Tracts

  • New

Auction on November 9, 2017

Address: Morton County
State: Kansas
 

Property Description

613.9+/- Acres Morton County, KS

Selling in 2 tracts

 At

UNRESERVED ONLINE AUCTION

 Thursday, November 9

Auction concludes November 9 at 10:00 AM

This farm is selling on an online only auction.  To register and bid click here

This unreserved online auction features bidding extensions.   If a bid is received within five minutes of the schedule close time, the bidding period is automatically extended by at least five minutes. This will continue until there is a five-minute period where no bids are placed. This ensures all bids are captured and no one can “snipe” the bid at the last minute.

Attend The Online Auction Information Meeting Wednesday, November 8 and Thursday, November 9.

Best Western Plus Stevens County Inn (Meeting Room)

1004 E 11 Street

Hugoton, KS

BigIron Realty will be at the Best Western Plus Stevens County Inn, in Hugoton, KS on Wednesday November 8, from 2:00 to 7:00 and Thursday November 9 from 8:00 am until the conclusion of the online auction.  Please come during the times scheduled to discuss the farm.  BigIron Representatives will be there to assist buyers with registering to bid online.  You do not have to be present to bid online.

Legal Description: Tract #1: SW 19-34-39;

Tract #2: E ½ of W ½  25-34-40; E ½ 25-34-40 less 20 acres

 

Year:    2016   Taxes:    Tract #1:  SW 19-34-39                      $3,641.23

Tract #2: E ½ of W ½ 25-34-40           $2,580.44;

E ½ 25-34-40 less 20 acres  $5,358.55

Land Location:  This 613.9 acres are generally located four miles south of Rolla, KS, on county

paved Road 24 and a quarter mile east on Road F, in southeastern Morton County, KS.

General Description:

The 613.9 acres offered for sale in this listing is currently cash leased through Dec. 31, 2018.  Irrigated acres are cash rented for $140 per acre.  Dryland acres are cash rented for $30 per acre.  Total cash rent is due half March 1 and half Nov. 1.

Tract #1 is the SW ¼ 19-34-39 consisting of 156.72 acres.  It has 121.52 acres of pivot irrigated cropland and 35.2 acres of grass and sage brush in the corners, considered waste. There are two water rights on this quarter #42399 and #43153 with a priority date of 1-22-1998. The two water rights have a combined authorized quantity of 250 acre feet at an authorized rate of 1,085 gpm.  The well is believed to be capable of pumping that rate. Tract #1 is located 1 mile east of county paved Road 24 on Road F. The quarter is north of Road F.  Soils are Dalhart Loamy Fine Sand, 137 acres 3-8% slopes and 12.6 acres 3-5% slopes, rolling sandy soil.

There is a 1998, 7 tower T&L circle irrigation system & natural gas engine.   An irrigation water ‘place of use overlap’ exists between Tract #1 & Tract #2 ( E ½ of W ½ 25-34-40 and the E ½ 25-34-40). The irrigation systems in Tract #1 and Tract #2 are tied together with underground pipe.

FSA                Crop               Base                           PLC Yield

ARC-CO        Corn               121.5                          171 bu..

Tract #2 is the E ½ of W ½ 25-34-40 and the E ½ 25-34-40 less a 20 acre tract on the north side of the legal.  The tract is south of Road F and begins approximately a quarter mile east of county paved Road 24. There is 457.18 acres in the tract comprising 440.89 acres cropland and 16.29 acres noncropland.  Soils are 372.1 acres Dalhart Loamy Fine Sand 3-5% slope; 57.8 acres Bigbow Loamy Fine Sand 0-3% slope; and 23.1 acres Eva Loamy Fine Sand 3-8% slope.

There is 287.83 acres of pivot irrigated cropland and 153.06 acres dry cropland per FSA maps.  There is one water right #41785, priority date 7-17-1995, authorizing irrigation of 280 acres with an authorized quantity of 420 acre feet at an authorized rate of 970 gpm.  The well was pumping 600 gpm in 2016 per the owner.  Of the 280 acres authorized to be irrigated, 147 acres are authorized north of the half mile line, and 133 acres south of the half mile line.  The pivot as placed on the land has an estimated 80 acres of actual irrigated acres north of the half mile line, and 200 acres of actual irrigated acres south of the half mile line.  The buyer will need to make an ‘application to change the place of use’ with the Kansas Division of Water Resources (DWR) to distribute the 280 acres authorized to match how the pivot is physically laid out north and south of the half mile line.  This is not expected to be a problem, but needs to be done.  Prospective buyers should research this with the DWR and Groundwater Management District #3 (GWMD#3) both in Garden City, KS.

As stated in the Tract #1 description above, an irrigation water ‘place of use overlap’ exists between Tract #1 & Tract #2 meaning water can be moved between the Tracts limited to authorized acres and quantities. Buyers are responsible for verifying the accuracy of this with the DWR and GWMD#3.  The irrigation systems in Tract #1 and Tract #2 are tied together with underground pipe.  Tract# 2 has a 12 tower T&L circle irrigation system powered by a 200HP electric motor variable speed.  Electric power comes in from the south side of the section.

FSA                Crop               Base                           PLC Yield

ARC-CO        Wheat              35.3                            30 bu

ARC-CO        Corn               176.4                          171 bu

ARC-CO        Gr Sorgh          35.0                            29 bu

 

Mineral Rights100% of the minerals are believed to be intact and pass to the buyer.

Water Rights:    Pass to the buyer.

Possession:      At closing, subject to tenants rights.

Title Insurance & Closing Costs:  Shared 50/50 buyer & seller.

Terms:  The successful high buyer will be notified by a BigIron Realty agent at the conclusion of the auction and will be required to enter into a written purchase agreement with 15% down payment to be bank wired within 48 hours of the close of the auction.  The balance will be due at closing on or before December 8, 2017. Buyer will receive full possession on the date of closing, subject to tenant rights.  Seller will provide marketable title to the buyer evidenced by Title Insurance.  The current year real estate taxes will be paid by the Seller and 2018 Real Estate Taxes paid by the Buyer.  Property will not be sold subject to financing.  Please have all financial arrangements made prior to the auction.  The written purchase agreement to be signed by the seller and buyer after the auction is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the seller.

Property Information

  • Type:

    Farm And Ranch

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