ABSOLUTE REAL ESTATE AUCTION ON SEVEN PIVOTS! – 939.81+/- Acres of Valley & Custer County Pivot Irrigated Cropland

November 22, 1:00 pm, 2021

Sale Site: Arcadia Community Building, North Hawthorne St, Arcadia, Nebraska

Description:

939.81+/- Acres To Be Sold In Four Separate Tracts And Not As A Whole All At Absolute Auction

TRACT 1:

Land Location: 2 miles west of Arcadia on 800 Road.

Legal Description: SE4; S2SW4; NE4SW4; SE4NW4 of 20-17-16, Valley Co, NE.

Acres: 320+/- tax assessed acres.

2020 RE Taxes: $10,499.78

Water Information: Well #G-034694 was drilled 7-15-2003, 470’ depth with 90’ static level, 160’ pumping level, pumping 800 gpm. Well #G-114676 was drilled 5-10-2001 with 232’ depth.

Certified Irrigated Acres: 156.07

FSA Information: 2021 records indicate 161.13 cropland acres. There are 0.4 base acres of wheat, 101.1 corn, 17.9 soybeans for a 119.4 base acre total.

Improvements: 7 tower Reinke pivot 5650 hours, 4 tower Reinke pivot, 100 hp electric motor. Pivots cannot run simultaneously. Approximately 154 acres hard grass pasture w/submersible well, and recreational potential.

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TRACT 2:

Land Location: 3 miles west of Arcadia on 800 Road, then 1 mile north on 462 Ave.

Legal Description: SW4SW4 of 18-17-16, Valley Co, NE and Part of the NE4 of 24-17-17, Custer Co, NE.

Acres: 160.95+/- tax assessed acres.

2020 RE Taxes: $7,723.76

Water Information: Well #G-084184 was drilled 7-20-1994, 480’ depth with 55’ static level, 145’ pumping level, pumping 1400 gpm.

Certified Irrigated Acres: 126.35

FSA Information: 2021 records indicate 156.96 cropland acres. There are 50.9 base acres of wheat, 43.4 grain sorghum, 10.1 corn, 25 soybeans for a 129.4 base acres total.

Improvements: 10 tower pivot (northeast) & 6 tower pivot 3644 hours and U.S. 100 hp electric motor (southwest) Pivots cannot run simultaneously.

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TRACT 3:

Land Location: 5 miles west of Arcadia on Highway #70, then ½ mile north on Lee Park Road.

Legal Description: NE4 of 35-17-17, Custer Co, NE.

Acres: 160.51+/- tax assessed acres.

2020 RE Taxes: $6,388.36

Water Information: Well #G-00087 was drilled 4-25-2013, 505’ depth with 51’ static level, 120’ pumping level, pumping 850 gpm. Well #G-159785 was drilled 7-12-2011, 220’ depth with 102’ static level, 108’ pumping level, pumping 14 gpm.

Certified Irrigated Acres: 76.67

FSA Information: 2021 records indicate 96.04 cropland acres. There are 45.9 base acres of corn.

Improvements: 2013 8 tower Reinke pivot 4014 hours, Chevrolet propane 8.1 liter V8 engine. Has an old building site with well and piped water for pasture and corn stocks.

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TRACT 4:

Land Location: 5 miles west of Arcadia on Highway #70, then 8 miles north on 462 Ave.

Legal Description: Tract E of RR E2 of 24-18-17, Custer Co, NE.

Acres: 298.35+/- tax assessed acres

2020 RE Taxes: $8,070.78

Water Information: Well #G-055313 was drilled 3-2-2001, 360’ depth with 16’ static level, 72’ pumping level, pumping 900 gpm. Well #G-055315 was drilled 7-14-2015, 420’ depth with 9’ static level, 71’ pumping level, pumping 1100 gpm. Well #G-123844 was drilled 4-11-2003, 165’ depth with 14’ static level, pumping 12 gpm.

Certified Irrigated Acres: 258.2

FSA Information: 2021 records indicate 261.66 cropland acres. There are 13.6 base acres of wheat, 168.9 corn, 0.1 grain sorghum, 43.6 soybeans for a 226.2 base acre total.

Improvements: 2012 10 tower Reinke pivot (north) and 2006 5 tower Valley pivot (south), 2-100 hp electric motors, sucker rod cattle pens, registered submersible stock well.

Steve Wolf, Broker & Auctioneer

Jenny Wolf, Sales Associate

Coy Wolf & Von Svoboda, Associate Brokers

Sellers: Roger Wallace, Mara Rasure & Triple L Enterprises LLC

Broker Comments: This is an excellent opportunity to purchase Valley and Custer County farmland at absolute auction. All parcels have good access and improvements and show excellent care and management.

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 will take precedence over any previously printed material or oral statements. No warranties of any kind are made except those stated in writing in the purchase agreements and deeds. 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 December 21, 2021. Possession will be March 1, 2022. Title insurance premium to be divided 50/50 between buyer and seller. 2021 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.

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

Additional Documents

Sale Bill