Friday, February 24, 2012 · 1:30 p.m.
AUCTION LOCATION: Newman Grove Community Center, Downtown Newman Grove, Nebraska
LAND LOCATION: Northeastern Boone County, on Highway 32, ½ mile West of the Boone and Madison County line or ½ mile West of the Jct. of Highways 45 & 32 (13 miles South of Tilden).
155 ACRES
GENERAL INFORMATION: Good laying, well located, square quarter section with approximately 96 acres presently in dry row crop production and the balance in pasture and old building site. This would make a great first farm purchase or addition to an existing operation. Start plans to make it yours on February 24th!
LEGAL DESCRIPTION: The NW¼ of Section 25, Township 22 North, Range 5 West of the 6th P.M. Boone County, Nebraska.
FSA INFORMATION: 156 Farmland acres, 96.1 cropland acres, 67.4 total base acres, (corn 37.9 and soybeans 29.5) no wetlands.
TAX AND SOILS INFORMATION: Taxed as 155.02 acres, 2011 taxes in the amount of $2,963.14. Soil consist of Hobbs silt loam, Shell silt loam, Nora silt loam, Hord silt loam and Nora-Crofton combinations.
TERMS AND CONDITIONS OF SALE: Cash with a 15% earnest deposit the day of the auction and the balance on or before March 23, 2012 the date of final closing. The sale is subject to a 60-40 lease on the cropland acres for the 2012 crop season only. At closing the buyer will receive landlord possession of the cropland acres and full possession of the balance of the land. Buyer will receive all of the landlord share of the lease income and buyer will be responsible for payment of all of the 2012 taxes. Cost of title insurance and closing escrow agent will be divided equally between buyer and seller. Any base acres to which the property is entitled shall pass to the buyer. Any needed financing must be arranged prior to bidding, no bids will be accepted that are subject to financing. Fowlkes Realty & Auction Co., Inc. and its agents represent the seller as sellers agents.
(Click on images below for enlarged view)
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Milton D. Ekstrom Estate, Owner Jeffery T. Peetz, Personal Representative |
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for $7,660.00 per acre
by