Calvin & Dorothy Larson Estate Land Auction

Cheyenne & Kimball Counties, NE 2,226 Acres

Overview

Overview

This property is sold

CALVIN & DOROTHY LARSON LAND AUCTION
Thursday, March 12, 2020, 1:30 PM, MT
Country Inn & Suites, Sidney, NE

SUCCESSFUL AUCTION!

AUCTION TOTAL $1,280,000
Parcel #1: $500,000 | $381 AC
CRP Unit: $270,000 | $460 AC
Parcel #4: $510,000 |  $1,992 AC

The Calvin & Dorothy Larson Estate is offering 2,226.2+/- acres of property for sale at auction. The Larson property is located 4.5+/- mi to 9.5+/- mi S of Potter, NE in SW Cheyenne & SE Kimball Counties. 1,311.1+/- acres is pasture, the perimeter is fenced, and L/S water via sub well. 586.6+/- acres is CRP, parcels size range from 158 ac to 298 ac and will be offered in 3 parcels, 1 combo, and a CRP unit; CRP contract expires 9/30/2020 with the annual payment being $35.44/ac. 313.5+/- acres includes 256.0+/- acres of pivot irrigation with 2 – Reinke pivots and one irrigation well and pump. 256 certified acres within South Platte NRD. The north pivot is enrolled in EQIP for 2 more years. Owner is paid $150.71/ac to not irrigate and may continue to farm as dryland. The south pivot is enrolled in EQIP for 3 more years. The owner is paid $143.47/ac to not irrigate and may continue to farm as dryland. 2020 possession for farming & grazing. 100% of the 2020 CRP payments to Buyer(s).

Location

  • Cheyenne & Kimball Counties, NE
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Quick Facts

  • CALVIN & DOROTHY LARSON LAND AUCTION
  • Thursday, March 12, 2020, 1:30 PM, MT
  • Country Inn & Suites, Sidney, NE
  • 2,226.2+/- acres
  • 1,311.1+/- acres pasture
  • 586.6+/- acres of CRP, parcels range in size from 158 ac to 298 ac
  • CRP contract expires 9/30/2020, annual payment is $35.44/ac
  • 313.5+/- acres with irrigation, 256.0+/- acre pivot irrigated
  • 2 – Reinke pivots – one well
  • 256 certified acres within South Platte NRD
  • N pivot enrolled in EQIP, 2 more years, pays $150.71/ac not irrigated but may continue to farm as dryland
  • S pivot enrolled in EQIP, 3 more years, pays $143.47/ac not irrigated but may continue to farm as dryland
  • SW Cheyenne & SE Kimball Counties, NE
  • Located 4.5+/- mi to 9.5+/- mi S of Potter, NE
  • 2020 possession for farming & grazing
  • 100% of the 2020 CRP payments to Buyer(s)

Property Details

Property Details

This property is sold Color Brochure Detail Brochure Auction Results

PARCEL DESCRIPTION DETAIL

Page numbers on the descriptions below refer to the Detail Brochure which can be found on the property web page.

PARCEL #1 - PASTURE:

LEGAL DESCRIPTION: All of Section 5 & that part of Section 6 lying E of Rd 77 in the SE1/4, Township 13 North, Range 52 West & All of Section 32, Township 14 North, Range 52 West of the 6th PM, Cheyenne County, NE. See Pages 34-53 for legal description, title commitment, and title exceptions.

ACREAGE: 1,311.1+/- Acres Pasture

TAXES: 2019 real estate taxes payable in 2020 are: $6,902.44

WATER & EQUIPMENT: L/S water provided via sub well @ improvement site.

COMMENTS: 36.7+/- acres lie west of Rd 77 and is not fenced within the main pasture. There are 2 easements reserved to provide access to the adjoining landowner. See Pages 30-33 for copies of the access easements.

PARCEL #2A - CRP:

LEGAL DESCRIPTION: E1/2 of Section 2 less a tract, Township 13 North, Range 53 West of the 6th PM, Cheyenne County, NE. See Pages 54-63 for legal description, title commitment, and title exceptions.

ACREAGE:
295.0+/- Acres CRP
3.0+/- Acres Roads/Waste
298.0+/- Total Acres

LAND TENURE: See Soils Map on Page 19.

TAXES: 2019 real estate taxes payable in 2020 are: $1,736.92

FSA INFORMATION: CRP contract #1030E w/annual payment of $10,455.30 @ $35.44/acre; Contract expires 9/30/2020. See Page 23 for copy of contract.

PARCEL #2B - CRP:

LEGAL DESCRIPTION: SW1/4 of Section 2 less a tract, Township 13 North, Range 53 West of the 6th PM, Cheyenne County, NE. See Pages 54-63 for legal description, title commitment, and title exceptions.

ACREAGE:
136.0+/- Acres CRP
9.0+/- Acres Roads/Waste
142.1+/- Total Acres

LAND TENURE: See Soils Map on Page 20.

TAXES: 2019 real estate taxes payable in 2020 are: $836.54

FSA INFORMATION: CRP contract #1030E w/annual payment of $4,820.00 @ $35.44/acre; Contract expires 9/30/2020. See Page 23 for copy of contract.

COMBO #2 (PARCELS #2A & #2B) - CRP:

LEGAL DESCRIPTION: See Parcels #2A & #2B.

ACREAGE:
431.0+/- Acres CRP
12.0+/- Acres Roads/Waste
443.0+/- Total Acres

LAND TENURE: See Parcels #2A & #2B.

TAXES: 2019 real estate taxes payable in 2020 are: $2,573.46

FSA INFORMATION: See Parcels #2A & #2B.

PARCEL #3 - CRP:

LEGAL DESCRIPTION: SW1/4 of Section 1, Township 13 North, Range 53 West of the 6th PM, Cheyenne County, NE. See Pages 64-70 for legal description, title commitment, and title exceptions.

ACREAGE:
155.6+/- Acres CRP
3.0+/- Acres Roads/Waste
158.6+/- Total Acres

LAND TENURE: See Soils Map on Page 21.

TAXES: 2019 real estate taxes payable in 2020 are: $919.26

FSA INFORMATION: CRP contract #1030E w/annual payment of $5,514.70 @ $35.44/acre; Contract expires 9/30/2020. See Page 23 for copy of contract.

CRP UNIT (PARCELS #2A, #2B, & #3) - CRP:

LEGAL DESCRIPTION: See Parcels #2A, #2B, & #3.

ACREAGE:
586.6+/- Acres CRP
15.0+/- Acres Roads/Waste
601.6+/- Total Acres

LAND TENURE: See Parcels #2A, #2B, & #3.

TAXES: 2019 real estate taxes payable in 2020 are: $3,492.72

FSA INFORMATION: See Parcels, #2A, #2B, & #3.

PARCEL #4 - PIVOT IRRIGATED:

LEGAL DESCRIPTION: E1/2 of Section 3, Township 13 North, Range 53 West of the 6th PM, Kimball County, NE. See Pages 71-76 for legal description, title commitment, and title
exceptions.

ACREAGE:
256.0+/- Acres Pivot Irrigated
57.5+/- Acres Dryland
313.5+/- Total Acres

LAND TENURE: See Soils Map on Page 22.

TAXES: 2019 real estate taxes payable in 2020 are: $3,965.16

FSA INFORMATION: FSA bases: 313.4 ac wheat w/41 bu PLC yield.

IRRIGATION WATER & EQUIPMENT: Irrigation Well Permit #G-51676 with 256 certified acres within South Platte NRD; Irrigation equipment includes 125 hp electric motor & pump, south pivot is a 7 tower Reinke model 2065 with 3,495 hours, and the north pivot is a 7 tower Reinke model 2065 with 2,926 hours. See Pages 26-28 for copy of well permit & Page 29 for irrigation well test.

COMMENTS: Both pivots are enrolled in NRCS EQIP program. This is a 3 year program, enrollee is paid not to irrigate the subject property but may continue to farm the idled irrigated property as dryland. North pivot was enrolled 6/25/18, was not irrigated for the 2019 crop season, and the payment was $19,291 or $150.71/ac with 2 years remaining on the contract. See Page 24 for copy of contract. South pivot was enrolled 4/26/19, was irrigated for the 2019 crop season and the 2020 crop season will be the first year of the contract with the subject property not being irrigated and the payment will be $18,365 or $143.47/ac, expiring after 3 years. See Page 25 for copy of contract. Both contracts may be terminated upon written request to the NRCS office. Currently if the EQIP contract for the north pivot is terminated, the 3 year SPNRD allocation will be prorated. There is no carry forward with this pivot since payment has been received and irrigated acres idled. Currently the south pivot is enrolled, has not been irrigated, and has not received a payment for the 2020 crop season. If the EQIP contract is terminated before the 2020 crop season, the remaining portion of the 3 year SPNRD allocation and the carry forward will remain with the south pivot (40.6 inches). If the property is not irrigated and an EQIP payment is received, the carry forward is eliminated and the 3 year allocation will be prorated to the date of termination and/or expiration of the EQIP program. Buyer(s) shall verify the above information with the South Platte NRD.

The tenant is grazing corn stalks on Parcel #4 until March 15, 2020. Electric fence is owned by Tenant and reserves the right to remove said fence. Ag Sense Remote control for pivots is excluded from the sale.