LGL, LLC Garden County Land Auction
GARDEN CO. LAND AUCTION
January 11, 2023 • 1:30 PM
SOLD!
Tract 1: $1,700,000.00
Tract 2: $470,000.00
1,100 +/- ACRES IN GARDEN CO., NEBRASKA
Located: From Lisco, Nebraska 5 miles North on Rd 151 Oil Road (turns into Rd 153) to Rd. 80 then 2 miles east to the southwest corner of Tract One. Tract Two is 3 miles east of Road 153 to the northwest corner.
IRRIGATED LAND, DRYLAND FARMGROUND & PASTURE
This Farm has been the Home for Don and LaDonna Loxterkamp for many years. This is an improved Combination Farm with Irrigated land, Dryland farm ground and Pasture. The Pivot Irrigated land has the capability to raise all crops associated with this area. This farm is well suited for Corn, Edible Beans, Potatoes, Sugar Beets, Alfalfa and Wheat.
There are substantial Improvements for Equipment Storage and Grain Storage. There is also an insulated Shop! The Farm is livestock friendly with an old barn, feeding corrals and cattle shed. The Home is currently not livable.
There has been a good “Cash Rent Tenant “in place should the Buyer choose to lease the property.
TRACT ONE 634 ACRES +/- Combination Farm
Pivot Irrigated Land – Pastureland – Non-Irrigated Farmground & Improvements
The Irrigated land has 258.7 NRD Certified Irrigated Acres in 2 Center Pivot Sprinklers with 2 Wells (each located at the pivot point) The Pivots are Operational Zimmatic Low Pressure Systems with Drop Nozzles. The east pivot has 129.2 certified acres. The west pivot has 129.5 certified acres.
The Pasture contains approx. 246 acres fenced with 1 windmill and a lane to access the corrals between the pivots. It is all native grass with a productivity rating of over 2,100 lbs./acre /year.
The Dryland contains approx. 83.8 acres and has been in Corn, Fallow and Millet.
WELL Information: (West Pivot) Well # G-041177 drilled 1974; 129.5 acres; 750 GPM; Static level 280 ft.; Pump Level 295 ft.; well depth 480 ft. • East Pivot: # G-048361 drilled 1976; 129.2 acres; 1,109 GPM; Static 278 ft.; Pump Level 299 ft.; Well Depth 440 ft. Irrigation Well Information
BUILDINGS: 50’x 75’ Steel Building with dirt floor, 40’x 62’ Steel Quonset with cement floor and electricity, 24’x 32’ Steel Quonset with cement floor, 90’x 28’ Equipment Building, 24’x 40’ Steel Quonset insulated and wired shop, 63’x 36’ Cleary Cattle Shed and a 31’x 36’ Barn, other small buildings, 10 Steel Grain Bins from small to large! The home is on this tract.
SOILS: Primarily: Jayem loamy fine sand, Kuma loam, Dunday loamy fine sand, & Valentine fine sand.
PERSONAL PROPERTY: The personal property included in the sale is all attached irrigation equipment: 2- Zimmatic Center Pivots, 2- 125 Hp. Electric Motors, Pumps, 2–1000-gallon propane Tanks, and items left on the premises at Closing
FARM SERVICE AGENCY Information: 632.82 acres Farmland, DCP Cropland 345.01 acres. 227.45 (Total) Base Acres, 76.47 acres wheat base (PLC Yield 36 bu.), 150.98 acres Corn base (PLC Yield 146 bu.).
PERSONAL PROPERTY NOT INCLUDED: Hay or Feed harvested by the prior Tenant.
LEGAL DESCRIPTION: All of Section 31, Twp. 19N, Range 45 West of the 6th PM in Garden County, NE.
Tract One Taxes: 2022 Tax Amount: $8,217.66. Taxing on 633.89 total acres. 251.71 acres Irrigated, 280.06 Grass, 87.87 Dryland, 6.25 acres in Site, 8 acres roads. Tax ID #: 350034990.
POWER COSTS: Wheatbelt Public Power, Last 3 year average costs were $127.78 per irrigated acre. Keeping in mind, 2021 & 2022 were very dry years.
DEPOSIT: $100,000.00
Aerial Map pivots drawn in
Tract One All Pasture Aerial
Tract One Crop History NDVI
Tract One Dryland Acres Aerial
Tract One Pasture Aerial Map
Tract One Pasture Soils Map
Land ID Map reduced
TRACT TWO: 463 ACRES +/- Dryland & Pasture
This Farm is primarily Non-Irrigated Farm ground with the Pasture on the north side. The Farmground is farmer friendly being nearly 1 mile long on the west side. The land lays relatively flat. There are approximately 305 acres of farmland and 147 acres of Pasture. The pasture is fenced and has an electric submersible well for stock water.
SOILS: The Farm Land has Jayem loamy sand, Dunday loamy fine sand, Vetal and Valentine. On the average the slope is approximately 8 feet in nearly a mile!
FARM SERVICE AGENCY INFORMATION: 459.29 acres Farmland, DCP Cropland – 305 acres.201.45 (Total) Base Acres, 67.73 acres wheat base (PLC Yield 36 bu.), 133.72 acres Corn base (PLC Yield 146 bu.).
LEGAL DESCRIPTION: W1/2, NE1/4 Section 5, Twp. 18N, Range 45 West of the 6th PM in Garden County, Nebraska.
Tract Two Taxes:2022 Tax Amount: $2,559.52. Taxing on 463.13 total acres; 310.25 Dryland, 146.88 Grass, 6 acres in Roads. Tax ID # 350030995.
POSSESSION: The Buyer will receive full possession of the land on closing subject to the Tenant’s right to graze crop residue to March 1, 2024 on the East Circle.
ASSESSOR INFORMATION: 633.89 Total Acres Taxed. 251.71 acres Irrigated, 87.87 acres Dryland Farmground, 280.06 acres Grassland.
DEPOSIT: $30,000.00
TITLE: Seller will convey property by Corporation Warranty Deed supported by Title Insurance, showing good and merchantable title subject to easements and restrictions of record at a cost of one-half to Seller and one-half to Buyer.
TAXES: Seller will pay customary closing costs and Taxes to December 31, 2023 based on the most recent valuation and mill levy.
MINERALS: The Seller’s are reserving No Minerals.
Tract Two Aerial fields drawn & labeled
Tract Two Crop History NDVI
Tract Two Soils Map All
Tract Two Soils_Map Farmground
Tract Two Topography_Contours
Land ID Map reduced
Terms of Sale: All Tracts are to be Sold for Cash, not contingent upon any matter including financing. Financial arrangements must be made prior to bidding. Proof of funds may be required at the discretion of the Broker. Inspections must be made prior to Auction. Buyers are buying the property in as-is condition. Buyer & Seller agree to cooperate should either Party attempt a 10-31 Tax Deferred Exchange. THIS IS A LIVE ONLINE WEBCAST AUCTION. Land will be sold via live webcast. Interested parties should plan to be Online Bidders and must register to bid and be approved by the Auction Company PRIOR to the Auction. Pre-bidding is open now and encouraged! Bidders must read and agree to all terms and conditions as provided. The winning bidder is required to execute the Purchase Agreement and deliver the deposit for each Tract in the form of wire transfer, cashier’s check, personal check, or cash to our office before 5:00 pm on January 12th, 2024. Balance of the Purchase Price will be due at Closing on or before February 15th, 2024. Sale is subject to Seller Confirmation, however, it is the intention of the seller to sell to the Highest & Best Bidder. Announcements at Auction closing time supersede any prior advertising, printed or oral.
NOTE: The Information has been Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested parties should and are expected to conduct their own analysis. All Agents representing Kraupie ‘s Real Estate & Auctioneers are working as Seller’s Agents. Buyers and Agents should note: we will not accept Sub-agency without prior written consent. Announcements prior to the sale supersede all prior advertising, printed or oral.
