220 Acres (+/-) Furnas County, NE  CREP & CRP Cropland & Grass

ABSOLUTE  LAND  AUCTION

Tuesday - December 3, 2024 - 10 AM

Crystal Theater - 503 Nebraska Ave - Arapahoe, NE

Steve Pearson Estate  -  Owner 

FARMERS - HUNTERS - CONSERVATIONISTS

Take advantage of this opportunity to acquire 220 Acres (+/-) of productive Furnas County, Nebraska CREP & CRP Cropland & Grass offered in 1 Tract. Located 1 mile (+/-) Northeast of Arapahoe, NE.

LEGAL DESCRIPTION:  Part of the SW¼ & W½ SE¼  Section 11-T4N- R23W              Furnas County, Nebraska

THE TRACT:  220 Acres (+/-) consists of Cropland with 137.9 Certified Acres of LRNRD Water Rights. There are 110.8 Acres CREP, 80.74 Acres CRP with well-established tall grass cover & the balance is Dry Cropland, Non-Tilled Grass & Trees. The Cropland on this farm consists primarily of desirable, productive Holdrege, Coly-Uly & Hord Silt Loam Soils with 2 Irrigation Wells that have not been used since 2005. This tract is currently over 200 acres of Wildlife Habitat with Conservation programs providing annual income. Located just ¼ mile East of Hwy 283 & less than 1 mile North of Arapahoe on Road 424.

2 IRRIGATION WELLS:  Both Wells have Natural Gas but No Pivots, Pumps, Pipe or Power Units. The underground pipe connecting the wells to the pivot points is still in place.

NATURAL RESOURCES DISTRICT:  Lower Republican NRD has Irrigation Well #G-044563 & Irrigation Well #G-051236 with 137.9 Total Certified Acres of LRNRD Water Rights for this Tract. The wells are located in the NW¼  SE¼ 11-4-23 Furnas County, NE.

2023 REAL ESTATE TAXES:    $ 8386.54    |    2023 OCCUPATION TAX:    $1103.20

FSA DATA - Contract Acres:  Wheat 5.54 (CRP Reduction 42.00) | Corn 4.22 (CRP Reduction 78.83)  Grain Sorghum 0.00 (CRP Reduction 16.00) | Soybeans 0.00 (CRP Reduction 10.20)   Yield Average:  Wheat 40 | Corn 116 | Grain Sorghum 0 | Soybeans  0

MINERAL RIGHTS:   Buyer shall receive all Mineral Rights now owned by Seller, if any.

METHOD OF AUCTION:   This Tract will Sell as 1 Tract undivided via Live Auction. Phone Bids during the Auction will be accepted with approved pre-registration.

SUBJECT TO:   Existing fences, boundaries, covenants, easements, leases, oil and gas leases, if any, and roads as the same may appear of record. All acre amounts are Estimates Only.

POSSESSION: Possession on successful Closing.

TERMS:  The purchaser shall make a 20% earnest deposit the day of the auction by personal check, company check or wire transfer payable to Phelps County Title. The balance due at Closing on December 20, 2024. Possession upon successful Closing. 2024 and prior years real estate taxes and special assessments paid by Seller. The Seller shall retain 2024 CRP and CREP payments. Buyer shall assume, adhere to and comply with the terms and conditions of these CRP and/or CREP contracts. Seller shall have no responsibility to the USDA or Buyer should Buyer and/or any agent for Buyer violate the terms and conditions of these CRP and/or CREP contracts. Seller shall convey a good and marketable Title to the Buyer evidenced by a policy of Title Insurance. Phelps County Title in Holdrege, NE shall conduct the Title and Escrow services. The cost of Title Insurance / Escrow Fee shall be divided equally among the Buyer and Seller. This property will not be sold subject to the Buyer obtaining financing to consummate the transaction. Buyers must have financial arrangements made prior to the auction. All of the property sells in “as is” condition, no warranties. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. Prospective Buyers should inspect the property and draw their own conclusions. Heartland Partners Realty & Auctioneers are agents representing the sellers.

See All the Maps & Photos at     https://www.land.com/listing/21875028/

HEARTLAND PARTNERS Realty & Auctioneers                                                                              

Mark Hamel - Broker  |  (308) 962-6236 (Cell) 

Arapahoe, NE  | (308) 962-7745 (Office)