HGM Partnership Land Auction

Yuma County, CO 330.1 Acres

Overview

Overview

Successful Auction! Auction High Bid $705,000.

The HGM PARTNERSHIP LAND AUCTION has been rescheduled, converted to an ONLINE ONLY LAND AUCTION with Reserve, and is being sold as one parcel with no combinations. STARTING BID: $550,000. This property is located 2 miles E and 1/2 mile north of Clarkville, CO in northern Yuma County. 330.1+/- total acres; 238.0+/- acres irrigated by 2 – 8 tower Reinke pivots; 67.3+/- acres CRP, $3,328 annual pmt @ $49.48/ac, expires 9/30/2023; Possession for the 2020 crop season to Buyer(s). 100% of the 2020 CRP payments to be conveyed to Buyer(s). The irrigated acres are eligible to be enrolled in CREP program if irrigation well is idled, planted to grass and paid @ $212/irrigated acre/year ($50,456) for 15 years and supplemental RRWCD CREP payment of $6/irrigated acre/year ($1,428).

STARTING BID: $550,000.

Register for online bidding in advance. Download Reck Agri app from Apple App store or Google Play OR visit www.reckagri.com

Location

  • Yuma County, CO
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Quick Facts

  • HGM PARTNERSHIP LAND AUCTION RESCHEDULED TO
  • ONLINE ONLY | TIMED LAND AUCTION WITH RESERVE
  • Bidding begins: Monday, April 20th @ 8:00 am
  • Bidding closes Wednesday, April 22nd @ noon
  • PROPERTY TO OFFERED AS ONE PARCEL WITH NO COMBINATIONS
  • STARTING BID: $550,000
  • 330.1+/- acres
  • 238.0+/- ac pivot irr
  • 67.3+/- ac CRP
  • 24.8+/- ac grass/rds
  • Irr well, 150 hp motor, pump
  • 2 - 8 tower Reinke pivots
  • CRP payment - $3,328 @ $49.48/acre, Expires 9/30/2023
  • Irr acres eligible for CREP program w/payment of 238 ac @ $212/ac = $50,456/year for 15 years
  • Irr acres are eligible for supplemental RRWCD CREP payment of 238 ac @ $6/ac = $1,428/year for 15 years
  • Located from Clarkville, CO, 2 mi east, 1/2 mi N
  • Register for online bidding in advance

Property Details

Property Details

Color Brochure Detail Brochure Bidder Approval Request

PARCEL INFORMATION

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

LEGAL DESCRIPTION: A tract in E1/2 of Section 15, Township 5 North, Range 47 West, SE1/4 of Section 10 and a tract in NE1/4 of Section 15, Township 5 North, Range 47 West of the 6th PM, Yuma County, CO.
See Pages 15-37 for legal description, title commitment, and title exceptions.

ACREAGE:
253.7+/- Acres Pivot Irrigated
67.3+/- Acres CRP
9.1+/- Acres Grass
330.1+/- Total Acres

LAND TENURE: Soils consist mainly of Platner loam.
See Soils Map on Page 6.

TAXES: 2019 real estate taxes payable in 2020: $3,692.28
2019 RRWCD Assessment: $2,455.40

FSA INFORMATION: FSA bases: 248.2 ac corn w/150 bu PLC yield. CRP contract #10187A w/annual payment of $3,328 @ $49.48/acre; Contract expires 9/30/2023. See Page 14 for copy of contract.

IRRIGATION WATER & EQUIPMENT: 150 GE electric motor, pump, 8 tower Reinke Pivot (North), Model 2065, 2,926 hrs, 8 tower Reinke (South) pivot Model 2065, 12,554 hrs. Irrigation Well Permit #20291-FP (Amended) adjudicated for 650 ac ft to irrigate 320 ac, See Pages 11-12 for latest well test & repair. See Pages 7-10 & 13 for copies of final well permit, well logs, and water map.

COMMENTS: 238 irrigated acres are eligible to be enrolled in CREP program upon idling the irrigation well and the irrigated acres to be planted grass. The CREP payment would be $50,456/year ($212/ac) for 15 years and the supplemental RRWCD CREP payment would be $1,428/year ($6/ac) for 15 years. Enrollment into this program is subject to the terms and conditions of the CREP program and approval from FSA.

STARTING BID: $550,000

Register for online bidding in advance. Download Reck Agri app from Apple App store or Google Play OR visit www.reckagri.com

Auction Terms

Auction Terms

HGM PARTNERSHIP LAND AUCTION

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.

TERMS AND CONDITIONS:

AUCTION DATE/TIME: Bidding Opens: April 20, 2020 @ 8 AM MT. Bidding Closes: April 22, 2020 @ 12 noon MT.

PROPERTY OVERVIEW: The HGM PARTNERSHIP LAND AUCTION has been rescheduled, converted to an ONLINE ONLY LAND AUCTION with Reserve, and is being sold as one parcel with no combinations. STARTING BID: $550,000. This property is located 2 miles E and 1/2 mile north of Clarkville, CO in northern Yuma County. 330.1+/- total acres; 238.0+/- acres irrigated by 2 – 8 tower Reinke pivots; 67.3+/- acres CRP, $3,328 annual pmt @ $49.48/ac, expires 9/30/2023; Possession for the 2020 crop season to Buyer(s). 100% of the 2020 CRP payments to be conveyed to Buyer(s). The irrigated acres are eligible to be enrolled in CREP program if irrigation well is idled, planted to grass and paid @ $212/irrigated acre/year ($50,456) for 15 years and supplemental RRWCD CREP payment of $6/irrigated acre/year ($1,428).

ONLINE BIDDING PROCEDURE: The HGM PARTNERSHIP Property will be offered for sale as one parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on April 20, 2020. The auction will “soft close” @ 12:00 noon, MT on April 22, 2020. Bidding remains open on as long as there is continued bidding. Bidding will close when 5 minutes have passed with no new bids.

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 HGM Partnership 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 of the detail brochure; 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. Detail Brochure may be obtained by visiting HGM Partnership Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

TERMS AND CONDITIONS: The “HGM PARTNERSHIP LAND AUCTION” is an online only auction with RESERVE. The HGM Partnership property to be offered as one parcel. 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 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 within the detail brochure.

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 May 22, 2020. 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 within detail brochure, 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 within the detail brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).

POSSESSION: Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops. Any completion of fieldwork and planting of crops does not constitute a farm lease. If Buyer(s) defaults and doesn’t close, all fieldwork, crop expenses, 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 and invoiced crop expenses.

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, including but not limited to the following: Well Permit #20291-F (Amended). 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 irrigation well and condition of all irrigation equipment.

GROWING CROPS: No growing crops.

CREP PROGRAM: 238 irrigated acres are eligible to be enrolled in CREP program upon idling the irrigation well and the irrigated acres to be planted grass. The CREP payment would be $50,456/year ($212/ac) for 15 years and the supplemental RRWCD CREP payment would be $1,428/year ($6/ac) for 15 years. Enrollment into this program is subject to the terms and conditions of the CREP program and approval from FSA.

FSA DETERMINATION: FSA base acres and yields to pass with the property 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.

REAL ESTATE TAXES: 2020 real estate taxes due in 2021, and thereafter, to be paid by Buyer(s).

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: 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 in the initial brochure, detail 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 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.

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 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 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 the “HGM PARTNERSHIP 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, 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.