Kimball County Pivot Irrigated Land Auction in Nebraska

Successful Auction! High Bids Totaling - $1,800,000 or $662 per acre. Thank you seller and bidders!

The Seller of the Kimball County Pivot Irrigated is offering a total of 2,718.6 +/- acres of Nebraska Pivot Irrigated Land for Sale at auction consisting of 1,188.8 +/- acres irrigatable by pivots and 1,529.8 +/- acres of dry farmland, pasture, and roads. Located in southwest Kimball County, Nebraska, the Kimball County property is located 8 +/- miles South of Bushnell, Nebraska. The land tenure of the property is level to rolling terrain with Class II, III, & IV soils. 8 irrigation wells within the South Platte NRD, 1,240.40 certified acres, and remaining 3 year allocation of 80 inches. 8 – Pivots. 2013 Spring Possession of the property. The property to be offered in 5 Parcels, 2 Combos, and as a Single Unit. The Reck Agri Realty & Auction bidding format allows all Buyer(s) an equal opportunity to participate and purchase land to add to or expand your operation and/or current investment portfolio.

PARCEL #1A - PIVOT IRRIGATED: 735.1 +/- Total Acres; 349.3 +/- acres irrigatable by pivots (farmed), 385.8 +/- acres dry farmland, pasture & roads; Legal: Part of 7, T13N, R57W and part of 12, T13N, R58W; Location: From Bushnell, Nebraska, 8.5 mi S on Rd 17 to NE corner of the property; Rd 17 borders E property line & Rd 16 borders S property line; Terrain is level to rolling terrain; Soils primarily consist of Class II, Class III, & Class IV soils; Irrigation Well Permit #G-125904, 364.83 NRD certified ac w/2013 beginning allocation of 52 inches. Irrigation equipment includes 125 hp GE electric motor & pump, 7 tower Valley pivot, 7 tower Zimmatic pivot, and 9 tower Reinke pivot; Irrigation well tested February 2013, pumped 1,119 gpm. Call for detail brochure with complete description of equipment, well logs, and recent irrigation well efficiency test; FSA base: 286.7 acres wheat base w/29 bu yield; 46.6 acres corn base w/99 bu yield, & 51.6 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $5,438.81. Improvements include inhabitable home, livestock well, several livestock barns, corrals with bunks, 5 grain bins with 35,000 +/- bu storage.

PARCEL #1B - PIVOT IRRIGATED: 462.2 +/- Total Acres; 322.2 +/- acres irrigatable by pivots (farmed), 140.0 +/- acres dry farmland, pasture & roads; Legal: Part of 7, T13N, R57W and part of 12, T13N, R58W; Location: From Bushnell, Nebraska, 8 mi S on Rd 17 to NE corner of the property; Rd 17 borders E property line; Terrain is level to rolling terrain; Soils primarily consist of Class II, Class III, & Class IV soils; Irrigation Well Permits #’s: G-117629, G-103157, & G-103156, 337.92 NRD certified ac w/2013 beginning allocation of 52 inches. Irrigation equipment includes 60 hp GE electric motor & pump, 75 hp US electric motor & pump, submersible well & pump, 7 tower Zimmatic pivot, 8 tower Zimmatic pivot, & 7 tower Lockwood pivot; Irrigation wells tested February 2013 and collectively pumped 1,830 gpm. Call for detail brochure with complete description of equipment, well logs, and recent irrigation well efficiency test; FSA base: 264.4 acres wheat base w/29 bu yield; 43.0 acres corn base w/99 bu yield, & 47.6 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $3,626.67.

COMBO #1 - (PARCELS #1A & #1B): 1,197.3 +/- Total Acres; 671.5 +/- acres irrigatable by pivots (farmed), 525.8 +/- acres dry farmland, pasture & roads; 4 - Irrigation Wells, 702.75 NRD certified acres w/2013 beginning allocation of 52 inches. Irrigation equipment includes 3 electric motors & pumps, 1 submersible irrigation well, & 6 pivots; FSA base: 551.1 acres wheat base w/ 29 bu yield; 89.6 acres corn base w/99 bu yield, & 99.2 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $9,065.48.

PARCEL #2A - PIVOT IRRIGATED & PASTURE: 660.1 +/- Total Acres; 517.3 +/- acres irrigatable by pivots (148.4 +/- acres farmed, 368.9 +/- acres native pasture), 142.8 +/- acres dry farmland, pasture & roads; Legal: S1/2 & NW1/4 of 2, and part of 1 & 12, T13N, R58W; Location: From Bushnell, Nebraska, 5 mi S on Rd 17 to Rd 24, 2 mi W of Rd 24 to Rd13, 2.5 mi S on Rd 13 to NE corner of the property; Rd 20 borders N property line on part of Parcel #2A, Rd 13 borders E property line of W parcel & Rd 13 borders W property line of E parcel; Terrain is level to rolling terrain; Soils primarily consist of Class II, Class III, & Class IV soils; Irrigation Well Permits #’s: G-126346, G-126358, G-125742, & G-126495, 537.65 NRD certified ac w/2013 beginning allocation of 52 inches. Irrigation equipment includes 60 hp US electric motor & pump, 75 hp GE electric motor & pump, 50 GE electric motor & pump, 1 submersible irrigation well & pump, 9 tower Reinke pivot, & 20 tower Lockwood pivot; Irrigation wells tested February 2013 and collectively pumped 1,108 gpm with 3 wells operational and 1 well not operational. Call for detail brochure with complete description of equipment, well logs, and recent irrigation well efficiency test; FSA base: 121.5 acres wheat base w/29 bu yield & 21.9 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $4,295.72.

PARCEL #2B - PASTURE: 336.5 +/- Total Acres; 336.5 +/- ac pasture & roads; Legal: E1/2 of 11, T13N, R58W; Location: From Bushnell, Nebraska, 5 mi S on Rd 17 to Rd 24, 2 mi W of Rd 24 to Rd13, 3 mi S on Rd 13 to NE corner of the property; Rd 13 borders E property line, Rd 16 borders S property line; Terrain is level to rolling terrain; FSA base: 41.0 acres wheat base w/29 bu yield; Estimated 2012 R/E taxes: $1,302.70.

COMBO #2 - (PARCELS #2A & #2B): 996.6 +/- Total Acres; 517.3 +/- acres irrigatable by pivots, 479.3 +/- acres pasture & roads; 4 - Irrigation Wells, 537.65 NRD certified acres w/2013 beginning allocation of 52 inches. Irrigation equipment includes 3 electric motors & pumps, 1 submersible irrigation well & pump, & 2 pivots; FSA base: 162.5 acres wheat base w/29 bu yield & 21.9 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $5,598.42.

PARCEL #3 - PASTURE & DRY FARMLAND: 524.7 +/- acres dry farmland, pasture & roads; Legal: Part of 1 & 12, T13N, R58W; Location: From Bushnell, Nebraska, 5 mi S on Rd 17 to Rd 24, 2 mi W of Rd 24 to Rd 13, 2 mi S on Rd 13 to NW corner of the property; Rd 13 borders W property line; Terrain is level to rolling terrain; Part of this parcel has been disced in strips but not farmed; Soils primarily consist of Class II, Class III, and Class IV soils; Estimated 2012 R/E taxes: $2,018.29.

SINGLE UNIT -(PARCELS #1A, #1B, #2A, #2B & #3): 2,718.6 +/- Total Acres; 1,188.8 +/- acres irrigatable by pivots, 1,529.8 +/- acres dry farmland, pasture & roads; 8 - Irrigation Wells, 1,240.4 NRD certified acres w/2013 beginning allocation of 52 inches. Irrigation equipment includes 6 electric motors & pumps, 2 submersible irrigation wells & pumps & 8 pivots; FSA base: 713.6 acres wheat base w/29 bu yield, 89.6 acres corn base w/99 bu yield & 121.1 acres barley base w/41 bu yield; Estimated 2012 R/E taxes: $16,682.19.

SALE TERMS/PROCEDURE: The "KIMBALL COUNTY PIVOT IRRIGATED LAND AUCTION” is a land auction with RESERVE. The Kimball County Pivot Irrigated property to be offered as a "MULTI PARCEL" Auction in 5 Parcels, 2 Combos, and a Single Unit. The Parcels, Combos, and Single Unit will be offered in the sale order as stated within the brochure. The Parcels, Combos, and Single Unit will compete to determine the highest aggregate bid(s) acceptable to the Seller. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE AGREEMENT: Immediately following the conclusion of the auction, the highest bidder(s) will enter into and sign a Farm, Ranch and Land Purchase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price. Said earnest money is due upon the signing of the Farm, Ranch and Land Purchase Agreement and to be deposited with Reck Agri Realty & Auction. Farm, Ranch and Land Purchase Agreement will not be contingent upon financing. Terms and conditions of the detail brochure and oral announcements shall be incorporated and made a part of the Farm, Ranch and Land Purchase Agreement. Sample Farm, Ranch and Land Purchase Agreement is available within the detail brochure.

CLOSING: Buyer(s) shall pay in cash, electronic transfer funds, or cashier's check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before May 3, 2013. Closing to be conducted by Ferguson Title Company and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Special Warranty Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations, conveyances of record and minerals reserved by Seller as shown within these Terms and Conditions; oil and gas leases of record; patent reservations; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review within the detail brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, & Land Purchase Agreement.

POSSESSION: Possession of property upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops and repairs and/or maintenance to the irrigation equipment. Any completion of fieldwork and planting of crops and repairs and/or maintenance to the irrigation equipment does not constitute a farm lease. If Buyer(s) defaults and doesn’t close, all fieldwork, crop expenses, repairs and/or maintenance to the irrigation equipment, and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fieldwork completed at custom rates, invoiced crop expenses, and invoiced repairs and/or maintenance to the irrigation equipment.

PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.

WATER RIGHTS & EQUIPMENT: Seller to convey all Seller's water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation, domestic or livestock use. Each of the wells are subject to the rules, regulations, and limitations of the Nebraska Department of Natural Resources and the South Platte Republican Natural Resource District. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of livestock/domestic/irrigation condition of all irrigation equipment. See parcel descriptions for irrigation well permits and equipment. February 2013 well tests were completed on each operating irrigation well for approximately 6 hours each. Each well was tested at various pressures. See detail brochure for copies of the well tests.

REAL ESTATE TAXES: 2013 Real Estate Taxes due in 2014 and thereafter to be paid by Buyer(s).

FSA DETERMINATION: FSA base acres and yields to pass with the Parcels, Combos, or Single Unit as designated within the detail brochure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the detail brochure. Buyer(s) to receive 2013 FSA payments as allocated.

GROWING CROPS: 2013 Farm Service Agency payments associated with said property to be conveyed to Buyer(s). Seller has signed the property into crop insurance program. If Buyer(s) elect to maintain said crop insurance, Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If Parcels #1A, #1B, 2A, and/or Parcel #3 sells separately, Seller, at their cost, to provide a survey for a metes and bounds legal description after the auction, but before closing on the following: Parcels #1A; #1B; east pivot area of Parcel #2A located in Sections 1 & 12; and/or Parcel #3.

MINERALS: Seller to reserve all OWNED mineral rights.

NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, Canadian thistle, rye, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages in the color brochure, detailed brochure, and visual presentation at the auction are approximate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages & no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction.

MULTIPLE PARTY BID: If several parties go together and collectively bid on parcels and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate Parcel(s) shall equal the total Multiple Party Bid.

BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained at the Buyers’ Information Meeting or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.

A DETAIL BROCHURE is available upon request and is REQUIRED to bid at the auction, via cell phone, or online bidding. It includes the terms and conditions of the auction, pertinent facts, title commitment, Farm, Ranch and Land Purchase Agreement, etc. For additional color photos visit the “KIMBALL COUNTY PIVOT IRRIGATED LAND AUCTION” Visual Tour on our website: www.reckagri.com.

COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on the Internet web page.

WEATHER NOTICE: On auction day, to check status of “KIMBALL COUNTY PIVOT IRRIGATED LAND AUCTION” due to inclement weather, please call our office at (970) 522-7770, check www.reckagri.com, or listen to KSIR (1010 AM) or KNNG (104.7 FM).

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Seller’s Agent. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the “KIMBALL COUNTY PIVOT IRRIGATED LAND AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidder increments are at the discretion of the Broker.

Announcements made by Reck Agri Realty & Auction (hereinafter referred to as Broker) at the time of sale will take precedence over any previously printed material or other oral statements.

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