Beckman Land Auction

Sedgwick County, CO 450± Acres

Overview

Overview

The Beckman Land Auction features irrigated cropland and grass in the South Platte River Valley near Ovid, Colorado. Offered in 3 separate parcels via an online-only auction on Thursday, December 8, 2022 from 8 AM to 12 PM (noon), MT.

Location

  • Sedgwick County, CO
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Quick Facts

  • Beckman Land Auction
  • Thursday, December 8, 2022- ONLINE-ONLY (w/ reserve)
  • Bidding opens @ 8 AM; closes at 12 (noon), MT
  • 450± total acres offered in 3 parcels
  • Each parcel sells independently - not offered in combination

  • Parcel #1 - Pivot Irrigated & Sub-Irrigated Grass
  • 230± total acres
  • 90± ac pivot irr cropland under Reinke sprinkler
  • 23± ac cropped sprinkler corners
  • 100± ac sub-irrigated grass
  • 1 Share Peterson Reservoir & Canal Ditch Rights
  • Beckman Well 1 (Permit #4488) pumps 825± GPM - Aug. by Sedgwick County Well Users
  • Aug. site part Sedgwick County Well Users Plan
  • Starting Bid: $475,000

  • Parcel #2 - Pivot Irrigated
  • 154± total acres
  • 124± ac pivot irr cropland under Zimmatic sprinkler
  • 30± ac cropped sprinkler corners
  • 140 dist-acres of Julesburg Irrigation District (JID)
  • Beckman Well 2 (Permit #4496) pumps 650± GPM - Aug. by Sedgwick County Well Users
  • Starting Bid: $375,000

  • Parcel #3 - Sub-Irrigated Grass
  • 66± total acres of sub-irrigated grass
  • Next to South Platte River w/ trees on south end
  • Stock well & tank
  • Perimeter fence
  • Starting Bid: $40,000

Property Details

Property Details

Bidder Approval Request

Parcel #1--Pivot Irrigated & Sub-Irrigated Grass

230± Total Acres; 90± ac pivot irr under Reinke sprinkler; corners can be flood irrigated. Water rights include 1 share of Peterson Reservoir & Canal Co.; 825± GPM irrigation well aug. by Sedgwick County Well Users. 100± acres of sub-irrigated grass. FSA Base: 9.1 ac wheat w/ 41 bu yield; 121.3 ac corn w/ 133 bu yield; 0.4 ac sorghum w/ 28 bu yield. LEGAL: E1/2 Sec 1, lying N of Hwy 138 T11N-R46W. Estimated taxes: $1,115.

Starting Bid: $475,000

Parcel #2--Pivot Irrigated

154± Total Acres; 124± pivot irr under Zimmatic sprinkler. Water rights include 140 acre-rights in JID; 650± GPM irrigation well aug. by Sedgwick County Well Users. FSA Base: 86.8 ac corn w/ 122 bu yield. LEGAL: NW1/4 Sec 4, less tract T11N-R45W. Estimated taxes: $1,223. JID Assessment: $3,780.

Starting Bid: $375,000

There is an old trailer house in the northwest corner of the property; salvage only. It will be removed prior to closing.

 

Parcel #3--Sub-Irrigated Grass

66± Total Acres; sub-irrigated grass. Stock well and perimeter fencing – abuts the S. Platte River with some trees on the south end. LEGAL: E1/2 Sec 1, lying S of Hwy 138 T11N-R46W. Estimated Taxes: $75.

Starting Bid: $40,000

Auction Terms

Auction Terms

Terms & Conditions

OVERVIEW: The Beckman Land Auction features irrigated cropland and sub-irrigated grass in the South Platte River Valley near Ovid, Colorado. Offered in 3 separate parcels via an online-only auction on Thursday, December 8, 2022 from 8 AM to 12 PM (noon), MT.
ONLINE BIDDING PROCEDURE: The BECKMAN LAND AUCTION property will be offered for sale in 3 parcels. BIDDING WILL BE ONLINE-ONLY on Thursday, December 8, 2022, and will begin @ 8:00 am, and will “soft” close @ 12:00 (noon), MT. Bidding will remain open on all parcels as long as there is active bidding on any of the parcels. Bidding will close when 5 minutes have passed with no new bids on any of the parcels. Bidders may bid on any and/or all parcels at any time before bidding closes.
To bid at the online auction:
1.) Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on the Beckman Land Auction property page to register to bid.
2.) Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3.) If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online:
1.) Review and agree to the terms and conditions herein;
2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and
3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. This Due Diligence Packet may be obtained by visiting the Beckman Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.
To register to bid, Buyer(s), prior to the auction, must review and accept this Due Diligence Packet with the full auction terms and conditions, property descriptions, pertinent information, title commitments, and sample contracts.
SALE TERMS/PROCEDURE: The BECKMAN LAND AUCTION is an online-only auction with RESERVE. The property will be offered in 3 parcels. Competitive bids will determine the outcome of the auction. 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 CONTRACT: Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell Real Estate (Land) 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 which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions herein and announcements made at the time of the auction shall be incorporated and made a part of the purchase contract. Sample contract is available herein.
CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before January 18, 2023. Buyer(s) have the option to close on or before December 30, 2022. Closing to be conducted by Sedgwick County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Warranty and Trustee’s Deeds 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). The Buyer(s) to receive a TBD title commitment herein, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; and 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 herein and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).
POSSESSION: Possession of property upon closing or after use of cornstalks ending March 1, 2023, if applicable.
LEASE: Seller attests there is no farm lease (verbal or written) and/or any prior lease has been appropriately terminated. Should a tenant claim interest in the property, Seller to stand all costs associated with said termination.
PROPERTY CONDITION: 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 water wells and equipment, well permits, all water, water rights, water development rights, all ditch rights, reservoir rights, lateral rights and conveyance canal rights, and all easements and rights-of-way associated with said water rights, and all domestic/livestock wells and irrigation wells; appurtenant to the property, including but not limited to the following: all water rights thereof by virtue of the inclusion therein of the above real estate within the boundaries of the Julesburg Irrigation District, being 140 acre-rights, more or less; all rights to transport, convey, and deliver water from said water rights through canals, ditches, and laterals. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources, and Julesburg Irrigation District, Capital stock share(s) of Peterson Reservoir & Canal Company (cert #25, 53 & #85); and two irrigation wells (Parcel #1: Beckman Well 2-4488 & Parcel #2: Beckman Well 1-4496) and associated augmentation rights within the Sedgwick County Well Users Group. Water rights and the irrigation equipment are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery of ditch water and stream flows, and pumping rates/adequacy of pit pumps and condition of all irrigation equipment.
GROWING CROPS: Seller to retain any rental payments for 2022 crops. Buyer(s) on Parcel #1 to pay tenant $660 at closing for planted wheat crop; crop insurance will be transferred to Buyer(s) at closing and Buyer(s) to pay cost of crop insurance premium for said crop. Buyer(s) to accept transfer of indemnity of crop insurance.
FSA DETERMINATION: FSA base acres and yields to pass with the Parcels as designated within the Due Diligence Packet. Buyer(s) and Seller, at closing, to sign a Memorandum of Understanding (MOU) stating the base acres and yields as designated within the Due Diligence Packet.
REAL ESTATE TAXES & IRRIGATION ASSESSMENTS: 2022 real estate taxes due in 2023 to be paid by Seller; Buyer(s) to pay all of the 2023 taxes and thereafter. Seller and/or tenants to pay all of the applicable irrigation water assessments and well depletions for 2022 crop year. Buyer(s) to pay all of the 2023 and thereafter, irrigation water assessments and depletions.
LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If Parcel #1 and Parcel #3 sell to different Buyers, Seller to pay for applicable survey to split said tracts. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey.
MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).
NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, Canadian thistle, goat/Johnson grass, etc.). The location of and the density of noxious weeds is unknown at this time.
ACREAGES: All stated acreages utilized in marketing materials and Due Diligence Packet are approximate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages and 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 herein and/or published at the auction.
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 assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for illustrative purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the BECKMAN 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. Bidding increments are at the discretion of the Broker.
COPYRIGHT NOTICE: Photographs, videos, Color Brochure & Due Diligence Packets 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 its website.

How to Bid

How to 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 by visiting auction property page at www.reckagri.com, 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.