ELMS Farm Irrigated Land Auction

Yuma County, CO 639± Acres

Overview

Overview

Successful auction! Single Unit under contract for $3,600,000.

The ELMS Farm Irrigated Land Auction offers an excellent opportunity for pivot irrigated land in central Yuma County, CO. This NO RESERVE auction will be held on November 15, 2022 at Yuma County Fairgrounds in Yuma, CO. This property features four irrigated quarters with approximately 500± acres under four center-pivot sprinklers and will be offered as two Parcels and as a Single Unit. Situated approximately 20± miles southeast of Yuma, near Heartstrong, these wells are situated in a good area with ample groundwater. Each quarter-section has its own well at or near the center-pivot point. Parcel #1 (east unit) also has 2-50,000 bushel grain bins for a total of 100,000 bushels of grain storage. Parcel #2 has a stock well for livestock watering. Seller to reserve possession of the grain bins on Parcel #1 until June 1, 2023.

See current well test HERE: Well Tests ELMS

Location

  • Yuma County, CO
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Quick Facts

  • ELMS FARM IRRIGATED LAND AUCTION
  • Live Auction - NO RESERVE

  • Successful auction! Single Unit under contract for $3,600,000.

  • Tuesday, November 15, 2022 @ Yuma County Fairgrounds @ 10:30 AM (MT)
  • Offered as 2 Parcels and a Single Unit
  • Located near Heartstrong in Central Yuma County, CO; 5.5± mi E of Hwy 59
  • Access along southern border via Co Rd 23
  • 639.5± total acres - 500.0± pivot irr acres under 4 pivots (grass corners)
  • Each pivot has its own irrigation well with 400 AF of appropriation
  • Wells produce 650-850± GPM with relatively minimal drawdown
  • Current well tests are forthcoming

  • PARCEL #1 - East Unit
  • 250.0± ac pivot irr under 2 pivots
  • South circle in corn and north circle in white wheat in 2022
  • 2 - 50,000 bushel grain bins with air
  • 2021 Taxes: $6,926.64 (incl. $3,842.50 for RRWCD & $48.00 for CGWM)

  • PARCEL #2 - West Unit
  • 250.0± ac pivot irr under 2 pivots
  • Both circles planted to corn in 2022
  • Stock well
  • 2021 Taxes: $6,034.46 (incl. $3,654.00 for RRWCD & $48.00 for CGWM)

  • Seller to convey all OWNED mineral rights
  • Seller to retain possession of grain bins until March 1, 2023

Property Details

Property Details

TFM Tests - CORRECTION

Parcel #1

319.7± total ac. 250.0± ac pivot irrigated cropland w/ grass corners; 2 irrigation wells (Permits #19136-FP & #19139-FP). Each well is permitted for 400 ac-ft. annually. North circle was white wheat and south in corn in 2022. 100,000 bu grain storage with air. Possession of the land upon closing; Possession of grain bins June 1, 2023. Seller to convey all OWNED mineral rights. FSA Base: 253.7 ac corn base w/ 169 bu yield.
LEGAL: W1/2 Section 1, T2S-R47W, Yuma County, CO.
2021 R/E Taxes: $6,926.64 total (incl. $3,842.50 for RRWCD & $48.00 for CGWM).

Parcel #2

319.8± total ac. 250.0± ac pivot irrigated cropland w/ grass corners; 2 irrigation wells (Permit #19137-FP & #19138-FP). Each well is permitted for 400 ac-ft. annually. Both circles in corn in 2022. Additional stock well for livestock watering. Possession of the land upon closing. Seller to convey all OWNED mineral rights. FSA Base: 253.7 ac corn base w/ 169 bu yield.
LEGAL: E1/2 Section 2, T2S-R47W, Yuma County, CO.
2021 R/E Taxes: $6,034.46 total (incl. $3,654.00 for RRWCD & $48.00 for CGWM).

Single Unit

Parcel #1 & #2

Auction Terms

Auction Terms

Terms & Conditions

OVERVIEW: The ELMS Farm property is situated approximately 20± miles southeast of Yuma in Central Yuma County, CO. This area has excellent groundwater and each pivot has its own well located near the pivot point. Each well has 400 ac-ft of annual appropriation. Parcel #1 also has 100,000± bu grain storage. This is an excellent opportunity to expand or invest in two to four contiguous irrigated quarters.

SALE TERMS/PROCEDURE: The ELMS FARM IRRIGATED LAND AUCTION is a land auction with NO RESERVE. The property will be offered as a “MULTI PARCEL” Auction in 2 Parcels, and as a Single Unit. The Parcels and Single Unit will be offered in the sale order as stated herein. The Parcels and Single Unit will compete to determine the highest aggregate bid(s). 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 conclusion 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 in the Detail Brochure and oral announcements shall be incorporated and made a part of the 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 December 16, 2022. Closing to be conducted by Yuma County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by General 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). The Buyer(s) to receive a TBD title commitment herein; an 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. 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).

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.

POSSESSION: Possession of the land upon closing. Seller reserves possession of grain storage bins until June 1, 2023 and may enter the property to move grain stored in the grain bins.

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 Seller’s water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation, domestic or livestock use, including but not limited to the following: Well Permits #19136-FP, 19137-FP, #19138-FP, and #19139-FP. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and the local groundwater 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 wells and condition of all irrigation equipment. Seller to provide list of irrigation equipment to be included and excluded.

GROWING CROPS: None

FSA DETERMINATION:  FSA base acres and yields to pass with the Parcels or Single Unit as designated herein. Buyer(s) and Seller, at closing, to sign a Memorandum of Understanding (MOU) stating the base acres and yields as designated herein.

REAL ESTATE TAXES: 2022 real estate taxes to be paid by Seller; Buyer(s) to pay all of real estate taxes for 2023 and thereafter.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.

MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).

NOXIOUS WEEDS & CHEMICALS: 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 herein 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 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 in this brochure and/or stated at the auction.

MULTIPLE PARTY BID: If several parties go together and collectively bid on Parcel(s) 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 contracts, pay for their respective separate Parcels at closing, and pay for a survey and additional title insurance premium to create the legal description for their respective separate parcel, if applicable. The collective purchase prices for the separate parcels shall equal the total Multiple Party Bid.

BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth herein. This 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.

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 and plat maps are not intended as a survey and are for general location purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. 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 this 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 and/or auctioneer. Partners of the Seller reserve the right to bid.

COPYRIGHT NOTICE: Photographs, videos, 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 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.