Wallace County Pivot Irrigated Land Auction

Wallace County, KS 1,109 Acres

Overview

Overview

The owners of the Wallace County Pivot Irrigated property are relocating their farming operation to central Kansas and thus the reason for selling their 1,109.9+/- acres at auction.  Located in west central Kansas in Wallace County, the property includes 769.4+/- acres of  pivot irrigated, 151.8+/- acres dryland, 66.4+/- acres CRP, 119.3+/- acres of pasture, and 3.0+/- acres of roads. The property is irrigated by a 17 tower Valley pivot, 12 tower Valley pivot, & 7 tower Valley pivot and irrigation water is provided by 4 irrigation wells powered by 4 natural gas motors. Wells are situated in excellent water area with 3 wells saturated thickness ranging from 138” to 169” and one well @ 61’,  two wells @ 850 gpm, one well @ 1,100 gpm, and one @ 225 gpm, all as of 1/3/18. The Buyer(s) will have immediate possession of planted corn upon 2019 harvest, wheat stubble, CRP & pasture upon closing, and possession of 60,000 bu grain storage and area for bagged corn on or before 4/1/2020. Buyer(s) to receive 100% of the 2020 CRP payments with the CRP contract expiring in 2021. An additional 160 acres is available for lease and is irrigated by Parcel #2. The property will be offered in 2 parcels and as a single unit.

Location

  • Wallace County, KS
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Quick Facts

  • WALLACE COUNTY PIVOT IRRIGATED LAND AUCTION
  • Monday, September 23, 2019, 1:30 PM, MT
  • CAB Building-Wallace Cty Fairgrounds, Sharon Springs, KS
  • 316 W Ramon St, Sharon Springs, KS 67758
  • 1,109.9+/-  acres in Wallace County, KS
  • Pivot Irrigated - CRP - Dryland
  • 1,109.9 acres
  • 769.4+/- acres pivot irrigated – 3 pivots – 4 irrigation wells
  • 151.8+/- acres dryland
  • 119.3+/- acres pasture
  • 66.4+/- acres CRP
  • 60,000+/- bu of grain storage
  • Wallace County, Kansas
  • 2 miles S, 1 – 2 miles of Weskan, Kansas
  • Possession of wheat stubble, CRP, & pasture upon closing
  • Possession of planted corn upon 2019 harvest
  • Possession of grain storage and area for bagged corn on or before April 1, 2020
  • 100% of the 2020 CRP payments to Buyer(s)
  • CRP contract expires 2021
  • Excellent water area
  • Keith, Goshen, Ulysses, & Pleasant silt loam soils with area of Bankard loamy sand
  • Owned mineral rights conveyed to Buyer(s)
  • NG motors conveyed with sale
  • Additional 160 acres is available for lease. A portion of this parcel is irrigated by Parcel #2.
  • Offered in 2 Parcels, Single Unit

Property Details

Property Details

Color Brochure Detail Brochure

PARCEL #1

LEGAL       DESCRIPTION:   All of Section 13, Township 14 South, Range 42 West of the 6th PM, Wallace County, KS.

  See Pages 40-153 for legal description, title commitment, and title exceptions.

ACREAGE:
496.0+/- Acres Pivot Irrigated
71.8+/- Acres Dryland
66.4+/- Acres CRP
2.3+/- Acres Roads

LAND TENURE: Soils consist of Keith, Goshen, Ulysses, & Pleasant silt loam. See Soils Map on Page 11.

TAXES: 2019 real estate taxes are:  $10,952.38
Groundwater Assessment:  $415.62

FSA INFORMATION: FSA bases: 400.3 ac corn w/162 bu PLC yield,  99.5 ac wheat w/43 bu PLC yield.

IRRIGATION See Pages 13-14 for WIMAS Well Information Sheet for Permit #36706

WATER & (North): See Page 22 for latest static water measurement of 247’and

EQUIPMENT: depth is between 390’ to 401’ for a saturated thickness of 143’+/- to 154’+/-  with a pumping rate of 850+/- gpm. See Pages 15-16 for WIMAS Well Information Sheet for  Permit #21395 (South). See Page 21 for latest static water measurement of 245’ at 9/16/19 and depth is between 390’ to 401’ for a saturated thickness of 145’+/- to 156’+/- with a pumping rate of 850+/- gpm. Both wells are included within a 5 year allocation plan with an allocation of 2,240 acre feet. Each well has a maximum annual allocation of 320 acre feet each. See pages 23-28 for a copy of the 8/15/2019 report from WKGMD showing the remaining acre feet for each well and the combined 1,358.65 ac ft remaining to finish 2019 to be used by 12/31/2021. Equipment includes 17 tower Valley pivot (1999), 2 – IH 605 NG motors, gearheads, & pumps.

CRP INFORMATION: CRP contract #10045 w/annual payment of $2,657 @ $40.02/acre; Contract expires 9/30/2021. See Page 29 for copy of contract.

COMMENTS: 372.0+/- ac planted to irrigated corn, 124.0+/- ac was irrigated wheat, 71.8+/- ac dryland corn.

 

 

PARCEL #2

LEGAL DESCRIPTION: W1/2 & NE1/4 of Section 19 except a tract, Township 14 South, Range 41 West of the 6th PM, Wallace County, KS
See Pages 154-179 for legal description, title commitment, and title exceptions.

ACREAGE:
273.4+/- Acres Pivot Irrigated
80.0+/- Acres Dryland
119.3+/- Acres Pasture
.7+/- Acres Roads
473.4+/- Total Acres

LAND TENURE: Soils consist of Keith, Goshen, Ulysses, Pleasant silt loam soils and an area of Bankard loamy sand. See Soils Map on Page 12.

TAXES: 2019 real estate taxes are: $6,648.14
Groundwater Assessment: $363.26

FSA INFORMATION: FSA bases: 274.8 ac corn w/142 bu PLC yield, 25.8 ac wheat w/36 bu PLC yield, and 36.4 ac sunflowers w/1,779# PLC yield.

IRRIGATION WATER & EQUIPMENT: See Pages 17-18 for WIMAS Well Information Sheet for Permit #9604(North) w/annual allocation of 287 ac ft: See page 21 for latest static water measurement of 242’ and depth of 401’ for a saturated thickness of 159’+/- with a pumping rate pumping rate of 1,100+/- gpm. See Pages 19-20 for WIMAS Well Information Sheet for Permit #24903 (South) w/annual allocation of 280 ac ft. See page 21 for latest static water measurement of 220’ and depth of 281’ for a saturated thickness of 61’+/- with a pumping rate pumping rate of 225+/- gpm. Equipment includes 12 tower Valley pivot (inner 5 towers – 2006 & outer 7 towers – 1991) w/IH 605 NG motor, gearhead, & pump & 7 tower Valley pivot(2019) w/GM Industrial NG motor, gearhead, & pump.

COMMENTS: 273.4+/- ac planted to irrigated corn, 62.5+/- ac dryland corn, 17.5+/- ac dryland wheat; Additional 160.0+/- ac is available to lease which is currently being irrigated by pivot. 2 – 30,000+/- bu grain bins. Seller to offer Buyer of Parcel #2 the first opportunity to purchase when Seller elects to sell their improvement site.

SINGLE UNIT

LEGAL DESCRIPTION: See Parcels #1 & #2.

ACREAGE:
769.4+/- Acres Pivot Irrigated
151.8+/- Acres Dryland
119.3+/- Acres Pasture
66.4+/- Acres CRP
3.0+/- Acres Roads
1,109.0+/- Total Acres

LAND TENURE: See Parcels #1 & #2.

TAXES: 2019 real estate taxes are: $17,600.52
Groundwater Assessment: $778.88

FSA INFORMATION: See Parcels #1 & #2.

IRRIGATION WATER & EQUIPMENT: See Parcels #1 & #2.

COMMENTS: See Parcels #1 & #2.

Auction Terms

Auction Terms

Terms & Conditions

TERMS AND CONDITIONS OF SALE

Announcements made by Reck Agri Realty & Auction at the time of sale will take precedence over any previously printed material or other oral statements.

PROPERTY OVERVIEW:  The owners of the Wallace County Pivot Irrigated property are relocating their farming operation to central Kansas and thus the reason for selling their 1,109.9+/- acres at auction.  Located in west central Kansas in Wallace County, the property includes 769.4+/- acres of  pivot irrigated, 151.8+/- acres dryland, 66.4+/- acres CRP, 119.3+/- acres of pasture, and 3.0+/- acres of roads. The property is irrigated by a 17 tower Valley pivot, 12 tower Valley pivot, & 7 tower Valley pivot and irrigation water is provided by 4 irrigation wells powered by 4 natural gas motors. Wells are situated in excellent water area with 3 wells saturated thickness ranging from 138” to 169” and one well @ 61’,  two wells @ 850 gpm, one well @ 1,100 gpm, and one @ 225 gpm, all as of 1/3/18. The Buyer(s) will have immediate possession of planted corn upon 2019 harvest, wheat stubble, CRP & pasture upon closing, and possession of 60,000 bu grain storage and area for bagged corn on or before 4/1/2020. Buyer(s) to receive 100% of the 2020 CRP payments with the CRP contract expiring in 2021. An additional 160 acres is available for lease and is irrigated by Parcel #2. The property will be offered in 2 parcels and as a single unit.

SALE TERMS/PROCEDURE: The “Wallace County Pivot Irrigated Land Auction” is a land auction with RESERVE. The pivot irrigated property to 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 within the brochure. The parcels 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 CONTRACT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Required Statutory Disclosures Addendum and will enter into and sign an Agricultural Land Real Estate Contract 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 Northwest Kansas Title Co., LLC. Purchase contract 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 contract. Sample contract is available within the detail brochure.

CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier’s check (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 October 18, 2019. Closing to be conducted by Northwest Kansas Title Co., LLC and the closing service fee to be split 50-50 between Seller and Buyer(s).

 TITLE: Seller to pass title by 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 Agricultural Land Real Estate Contract.

POSSESSION: Possession of pasture, dryland, & CRP upon closing. Possession of land where corn is planted upon harvest. Possession of grain storage and area for bagged corn storage on or before April 1, 2020.

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 for irrigation use including but not limited to the following: Well Permits #36706-06, #21395, #24903, and #9604.The water rights are subject to the rules, regulations, and limitations of the Kansas Department of Water Resources and the Western Kansas Groundwater Management District No. 1. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of irrigation wells and condition of all irrigation equipment.

GROWING CROPS: No growing crops.

CRP CONTRACT: Seller to convey all right, title, and interest to the existing CRP contracts to the Buyer(s) as successor in interest. Seller to convey the October 2020 CRP payment. Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agree to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contract.

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

REAL ESTATE TAXES: 2019 real estate taxes to be paid by Seller.

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, rye, 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.

SELLER NOTIFICATION – 1031 EXCHANGE:   It is understood and agreed that Seller desire to sell the property which is the subject of this Auction in a “tax free” exchange under Section 1031 of the Internal Revenue Code of 1986, as amended.  Buyer(s) agrees to cooperate, but is not required to incur any additional expense or risk.

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.

 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 Required Statutory Disclosures Addendum. 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 “Wallace 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. Bidding increments are at the discretion of the Broker.

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, Agricultural Land Real Estate Contract. For additional color photos visit the “WALLACE COUNTY PIVOT IRRIGATED LAND AUCTION” Visual Tour on our website: www.reckagri.com.

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.