Tract 3: 117.32+/- Acres Cheyenne County, KS

502.13+/- Acres Cheyenne County, Kansas

Selling in 4 Tracts On Our

UNRESERVED ONLINE AUCTION

June 28, 2022

Bidding opens June 14, 2022, and ends June 28, 2022, at 11 am. CDT

Tract 3:  Owner: Cornerpost Land & Hay

Tract #3 is 117.32+/- acres that’s 99.2% Kuma silt loam 0-1% slope. There’s no finer soil in northwest Kansas. This land is located 8 miles north of St. Francis, KS, on Road 15 to Road W, then 1.5 miles east on Road W, then 1/4 mile north. It’s bordered by Road 17 on the east, a gravel road on the west, and tract #4 on the south. It is cash leased for $45 per acre through December 31, 2022. The Buyer receives 100% of the 2022 cash rent and pays all of the 2022 taxes. Half of the cash lease has been paid to the Seller to be reimbursed to the Buyer at closing. The second half of the cash lease is payable by the tenant to the Buyer October 1, 2022. The tenant plans to plant the land to forage sorghum in 2022. The cash lease terminates December 31, 2022. Don’t miss this opportunity to own some of the highest quality cropland in northwest Kansas.

Bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.

Plan to Attend the Informational Meeting & Auction:

Western State Bank

400 E Washington St.

St. Francis, KS

BigIron Realty Agents will be at the Western State Bank, in St. Francis, KS, on Monday, June 27, 2022, from 1:00 pm to 5 p.m. and Tuesday, June 28, 2022, from 8:00 a.m. until bidding ends.  Please come during the times scheduled to discuss the land.  BigIron Realty Representatives will be there to assist Buyers with registering to bid, making online bids, and to answer questions.  You do not have to be present to bid online, but you are required to be available by phone.

BIDDING PROCESS: You may place bids on this land for 14 days beginning June 14, 2022, and ending June 28, 2022, at 11 a.m. CDT. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding will be automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online.  All bidders must be approved to bid, so please register at least 24 hours prior to the auction close or call800-887-8625 for assistance.

Legal Description:  N 1/2 of SE 1/4 12-2-40; and SE 1/4 of NE 1/412-2-40 (117.32+/- acres all cropland)

2021 Taxes:  $1,092.64 (estimated)

Land Location:  8 miles north of St. Francis, KS, on Road 15to Road W. Then 1.5 miles east on Road W and 1/4 mile north.

                                                                                                PLC

FSA:                                       Crop               Base              Yield

                                                Wheat            47.60               45 bu

                                                Corn               28.01              101 bu

Mineral Rights:  Sellers mineral rights believed 100% intact pass to the Buyer.

Water Rights:  Pass to the Buyer.

Possession: At closing subject to tenants rights. Tenant intends to plant forage sorghum in the spring of 2022. The cash lease terminates December 31, 2022.  

Owners:

Jason Douthit; Jared &Candance Douthit; Cornerpost Land & Hay

Title Services:

Cheyenne County Title Company, LLC, 313 S. Bird, Bird City, KS 67731

For more information, contact listing agent: 

Mike Campbell,785-821-0619

Terms:  The sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. The successful Buyer will enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Cheyenne County Title, LLC; 313 .S. Bird, Bird City, KS 67731 (785-734-7800). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before July 28, 2022. Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller. The Buyer will pay additional title insurance required by the Buyer's lender 100%. The Seller will pay 2021 and prior year taxes. The Buyer receives all 2022 cash rent and therefore pays all 2022 real estate taxes. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. 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. BigIron Realty is working for the Seller.