Ruskin, NE 68974 - Nuckolls County

FARMLAND AUCTION

QUALITY DRYLAND FARM

120 +/- TOTAL ACRES

NUCKOLLS COUNTY NE

FEBRUARY 28, 2025 AT 10:00 AM

LIVE AUCTION TO BE HELD AT THE STASTNY COMMUNITY CENTER, 1350 DOVE ROAD, HEBRON, NE

Farm Location: From Ruskin, Nebraska travel south on Road 4600 for approximately 1 mile, then turn west onto Road K for 1.5 miles. The farm will be located on the south side of Road K.

Legal Description: East of the Northwest Quarter (E NW ) of Section Twenty (20), Township Two (2) North, Range Five (5) West of the 6th P.M., Nuckolls County, Nebraska.

Taxable Acres: 120.00

2024 Real Estate Taxes: $2,079.78 Paid by Seller

Auction Multiplier: 120.00 x Bid Amount to determine total purchase price.

Farm Description: Productive dryland farm with good soils and level to gently rolling topography, comprising of 111.72 cropland acres.

Farm Service Agency

FSA Farmland Acres: 119.17

FSA Cropland Acres: 111.72

Wheat Base Acres: 40.20 44 PLC Yield

Oats Base Acres: 4.20 47 PLC Yield

Corn Base Acres: 9.10 136 PLC Yield

Grain Sorghum Base Acres: 38.30 68 PLC Yield

Soybean Base Acres: 17.50 44 PLC Yield

GENERAL INFORMATION

Online Bidding: Live Simulcast Internet Bidding will also be available in addition to the live auction. Register to bid at least 48 hours prior to the live auction. Competitive online bidding starts Thursday, February 27 at 8:00 AM and ends Friday, February 28 at the conclusion of the live auction.

Taxes: The 2024 real estate taxes and all prior years taxes shall be the responsibility of the seller. All future years taxes shall be the responsibility of the Buyer.

Possession: Possession to the farmland shall be given upon closing subject to the current tenants rights through the 2025 growing season.

Lease Details: Annual rent of $18,992, divided into two equal installments of $9,496.20, due March 1, 2025, and September 1, 2025. Buyer will assume all rights and responsibilities of the current lease.

Terms: A 20% nonrefundable earnest deposit will be required from the successful bidder the day of the auction. The balance shall be due on or before March 28, 2025. Title insurance shall be used, and the cost shall be shared equally between the buyer and the seller, as well as closing of the transaction. The property will not be sold subject to financing. Bidders must have all financial arrangements made prior to the auction. Final sale is subject to the Seller`s approval or rejection.

Additional Information: A property information packet showing FSA information, aerial photos, tax data, soil types and other pertinent information are available upon request by contacting the sellers agents Brad Elting or Nathan Elting.

Agency: Brad Elting & Company, Inc. are the agents representing the seller. Acreage calculations and data in this brochure have been obtained from sources believed to be reliable although its accuracy cannot be guaranteed by the seller or the sellers agents. We urge prospective buyers to inspect the land and rely on their own conclusions. Announcements made at the auction shall take precedence over advertising.

Auctioneer`s Note: If you are looking for a quality dryland farm, you will not want to miss this auction. Make plans to attend this Nuckolls County, Nebraska Land Auction.

Sellers Agents:

Brad Elting

Auctioneer

Nebraska & Kansas Real Estate Broker

General Certified Appraiser

Nathan Elting

Auctioneer

Nebraska Real Estate Broker

Seller: Jay DeBussy