317.16 +/- Acres Marshall County KS Land **Sat., Mar. 2 @ 10 A.M.**

Description

LAND AUCTION: D&D Farm Partnership – Seller

Saturday, March 2, 2019 – 10:00 A.M. – Waterville Community Center (136 East Commercial Street, Waterville, KS)

317.16 +/- Acres Marshall County KS Land

Tract 1 Legal Description (157.67 taxable acres): Southeast Quarter of Section 30, Township 5 South, Range 6 East, Less Rights of Way.

FSA Details:
• 120.23 DCP Cropland Acres
• 115.03 Estimated Total Base Acres with 69.55 Soybean Acres, 46.23 Corn Acres, & 2.25 Grain Sorghum Acres
• Soybeans, Corn, & Grain Sorghum enrolled in ARC County.

2018 Estimated Property Taxes = $2,659.00

Tract 2 Legal Description (159.49 taxable acres): Southwest Quarter of Section 30, Township 5 South, Range 6 East, Less Rights of Way.

FSA Details:
• 96.37 DCP Cropland Acres
• 92.85 Estimated Total Base Acres with 59.72 Soybean Acres, 29.10 Corn Acres, & 4.03 Grain Sorghum Acres
• Soybeans, Corn, & Grain Sorghum enrolled in ARC County.

2018 Estimated Property Taxes = $2,163.00

BIDDING WILL BE IN WHOLE DOLLARS…not on a per acre basis.

Order of Sale:

  1. Tract 1 will be auction first followed by Tract 2 with the high bid held on each tract.
  2. Held bids for Tracts 1 & 2 will be combined and $10,000.00 added as the starting bid for Tract 3 (Tracts 1 & 2 combined).
  3. If there is a bid placed for Tract 3 (combination of Tracts 1 &2) upon that bid reaching it’s highest amount…the public portion of the auction will conclude and a negotiation will take place between high bidders on Tracts 1 & 2 and high bidder on Tract 3 (Combination of Tracts 1 & 2).

Directions to Properties:
Tract 1 – From Highway 77 & Cyclone go West 2 miles to 2nd Road then South .5 miles.  Property is on the West side of 2nd Road.
Tract 2 – From Highway 77 & Cyclone go West 3 miles to County Line Road then South .5 miles. Property is on the East side of County Line Road.

Listing Broker’s Notes: Agricultural Producers & Investors….Here’s your chance to own these Excellent Marshall County properties. These tracts offer highly productive and desirable soil types with an opportunity to add additional cropland acres. If you’ve been looking to add more acres to your farming operation or investment portfolio, these properties can do all that.

Terms & Possession: 10% down day of the sale, balance due at closing on or before April 5, 2019. Sellers to pay 2018 taxes. 2019 property taxes will be prorated to the date of closing. Title insurance, escrow & closing costs to be split equally between buyer and seller. Buyer takes possession at closing. Sellers interest in mineral rights transfer with the sale. Property to be sold as-is, where-is. All inspections should be made prior to the day of the sale. This is a cash sale and is not subject to financing, have your financing arrangements made prior to auction. Midwest Land and Home is acting as a Seller’s Agent and represents the seller’s interest. Spain Law Offices, attorney for seller, will act as escrow and closing agent. All information has come from reliable sources; however, potential buyers are encouraged to verify all information independently. Statements made the day of sale take precedence over all other printed materials.

Jeff Dankenbring – Broker – 785.562.8386

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