Absolute Land Auction On 927.78+/- Acres Custer Co Pasture & Cropland

April 4, 1:00 pm, 2018


SOLD TRACT 1: $1,800 per acre

SOLD TRACT 2: $4,650 per acre

Sale Site: Merna Community Center, 428 East Center Ave., Merna, NE


927.78+/- Acres of Custer County Section of Grass and Half Section of Pivot Irrigated,
Dry Cropland and Pasture Ground

Land Location: Tract 1: From Merna, Nebraska, travel west 3¼ miles on Hwy. 92 to the property located on the north side of Hwy 92 and marked by Wolf Auction signs. Tract 2: From Merna, Nebraska, travel west 3 miles on Hwy. 92, turn north on Road 430 for one mile, turn west for one mile to the southeast corner of the property and marked by Wolf Auction signs.

Acres: Tract 1: 613.08 tax assessed acres; Tract 2: 314.7 tax assessed acres.

Certified Irrigated Acres: Tract 2: 150.33 acres

2017 RE Taxes: Tract 1: $6,208.20; Tract 2: $7,836.20

Improvements: Tract 1: One windmill, one pond, and a dam. Tract 2: T&L 12 tower pivot, electric motor hydraulic pump, 125 US Electric motor and one pond.

Water Information: Nebraska Department of Natural Resources indicates Well #G-133146 was drilled 2-24-2005, 350’ depth with 229’ static water level, 244’ pumping water level, pumping 950 gpm.

FSA Information: Tract 1: FSA records indicate 45.88 acres of cropland with 32.16 base acres of corn. Tract 2: FSA records indicate 211.44 acres of cropland with 161.3 base acres of corn.

Steve Wolf, Broker & Auctioneer

Dani Knott, Jenny Wolf & Jim Wakefield, Sales Associates

Coy Wolf & Von Svoboda, Associate Brokers

Thomas Kruml, Attorney & Escrow Agent

Sellers: James A. Trotter Trust

Broker Comments: This is an opportunity to purchase a section of pasture with a small portion of dry cropland with good access, cross fences, and tree belt protection. The second tract includes pivot irrigated ground, dry crop and pasture ground with good access and adjacent to the section of grass available at auction.

Announcements: Property information provided was obtained from sources deemed reliable, but the auctioneer makes no guarantees as to its accuracy. To be bought in an as-is condition. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All announcements made day of the auction by the auctioneer will take precedence over any previously printed material or oral statements. Bidding increments are at the discretion of the auctioneer. No absentee or telephone bids will be accepted by the auctioneer without prior approval. Owner and auctioneer not responsible for accidents.

Terms: 10% down the day of the sale with balance due at closing on or before April 30, 2018 with possession. Title insurance premium to be divided 50/50 between buyer and seller. 2017 real estate taxes will be paid by the seller. Announcements and verification made by the Escrow agent or the agents of sale at the date and time of sale shall supersede any prior advertising. Sale is not contingent on buyer financing. Tract 2 is sold subject to an access easement and contract to Viaero.

Agency Clause: Wolf, Inc. Auction & Real Estate is acting as agents of the seller, with duty to represent seller’s interest, and will not be an agent of the buyer.