33080 Road 758, Grant, NE 69140 - Perkins County

LAND AUCTION! January 26, 2023

Perkins County Farm

Absolute Land Auction

We are excited to provide you with notice of an absolute land auction of 1,740 acres including 940 acres of high quality non-irrigated cropland, 770 acres of grass pasture and a 17 acre building site, located south of Grant NE along both sides of Highway 61.

The auction will be held January 26, 2023 at the Perkins County Fair Building in Grant NE.

SELLING FOR:

Daniel P. Gengenbach Revocable Trust

and

Evelyn L. Gengenbach Revocable Trust

Adams Bank and Trust, Trustee

Nearly all of the cropland is located about 4 miles southeast of Grant NE along Highway 61. A 17 acre building site will be offered as a separate Parcel. The 777 acres of grass pasture is located 11 miles south of Grant on both sides of Highway 61.

PARCEL 1 BUILDING SITE

LEGAL DESCRIPTION: Tract to be surveyed in N1/2NE1/4 Section 29 T10N R38W of the 6th P.M.

ACRES: Estimated to be 17-18 acres

REAL ESTATE TAXES: 2022 taxes are estimated by Perkins County Assessor to be $2,351.55

LOCATION: mile west of Highway 61 on County Road 758. This is 5 miles southeast of Grant.

SUMMARY: This building site includes a 1,516 sq ft 3-bedroom, 2-bathroom home built in 1967. There is a partially finished basement and attached one car garage. The house is very well built and is structurally very sound. It includes many built in cabinets and abundant storage opportunities. The dcor of the house has not been updated and will need new flooring. The siding and shingles may need some updating also. Room heat is provided by baseboard heating with individual room thermostats and cooling is provided by a central air conditioning unit. There are several wood structure outbuildings and grain bin. The wooden corrals will need a complete renovation.

This will be a very good opportunity for a first-time property Buyer. This parcel is being offered in as is condition with no warranties offered or implied in any way by Seller and Broker.

PARCELS 2 - 7: We will be selling 6 Parcels of high quality non-irrigated cropland ranging from 80 to 329 acres. Each Parcel has either Highway 61 frontage or very good County Road Access.

PARCEL 8: LEGAL DESCRIPTION:

Township 9 North Range 38 West of the 6th P.M.

Section 10: E1/2SW1/4

Section 15: NW1/4, S1/2SE1/4, SW1/4 less Hwy 61 ROW

Section 22: NW1/4 less Hwy 61 ROW, N1/2NE1/4, S1/2NE1/4 less Hwy 61 ROW

ACRES: 777.68 taxed acres

REAL ESTATE TAXES: 2021 taxes paid were $5097.78

Parcel 8 lays on both the north (635+/- acres) and south (142+/- acres) side of Highway 61. There is an underpass to provide access under the Highway at the far south side. Stock water is provided by 3 electric submersible stock wells.

The north side is cross fenced into several pastures and the cross fences consist of both barbed wire and electric wire. The fencing is in below average to poor condition and will need repair. The very north portion is older expired CRP and has been historically harvested for hay. This portion can be grazed but may need to have an additional water site implemented to best utilize it. There is a large prairie dog town in the north side. The south side is fenced as one pasture.

USDA-FSA GRASSLAND CRP: This Parcel includes 767.94 acres of Grasslands CRP that expires September 30, 2031. It pays $17.00 per acre for a total of $13,055.00 annually. This CRP will allow for annual grazing and will require the Buyer to work with the USDA-NRCS to develop a grazing plan.

According to the NRCS the standard for Grasslands CRP is to maintain 6 to 8 of grass growth. Upon inspection of the Parcel you will notice that the grass has been grazed short and this was allowed because of the current drought situation. Grazing in 2023 may be limited due to the drought situation.

If a producer wishes to update the fencing or stock water, they will need to obtain permission before starting any work, regardless of cost share opportunities that may be available. Cost share may or may not be available depending on the project to be done. Prairie dog control is allowed but not required.

Buyer will be required to assume assignment of the 2 Grassland CRP contracts as of October 1, 2022 and will receive 100% of the payment to be paid Owner in October 2023. A grass lease with a Tenant can identify that the CRP payment go to the Tenant. A copy of the lease will need to be furnished to the USDA-FSA.

SUMMARY: This is a good opportunity to purchase over 770 acres of grass pasture with Highway access. As with most pastures this year, this property has been grazed hard in 2022. The Grassland CRP does offer a safety net for lost use from reduced grazing until the pasture rebounds from the drought. The current cross fencing may not be in the best places but a new owner can correct this to better utilize the grazing opportunities.

CONTACT:

Duane McClain, Broker/Auctioneer 308.530.0221

Butch Burge, Associate Broker 308.882.1295