808.33 Acres Adams County, Nebraska

5 Tracts

Pivot Irrigated/ Grain Handling/ Acreage

LAND AUCTION

Friday, November 15, 2024, 10:00 a.m.

Ruhter Auction & Realty, Inc. Auction Facility

2837 W. Hwy 6 Hastings, NE

*Online bidding offered with prior approval*

Fricke Farms Inc. presents a once-in-a-generation opportunity to purchase 808.33 acres of high-quality mostly pivot irrigated farmland at auction. This rare offering includes five tracts with a modern grain facility, very well kept home, shop, and livestock buildings. High-quality farmland of this scale is seldom available in this part of Nebraska, making it an ideal acquisition for relocating or expanding farming operations or enhancing investment portfolios. Online bidding is available with prior approval for this rare auction.

Auction Method: These properties will be offered separately and NOT in combination. All 5 properties will close simultaneously at the conclusion of the auction.

Tract 1

Location: 4 miles south of Hastings on Hwy 281. (West side of road)

Legal Description: SE Ex Tract for Hwy in Section 11-T6N-R10W Adams County, Nebraska 153.95 acres +/-

Irrigation Equipment:

2018 T-L 7 tower center pivot s/n 38240: 800 gpm 55 psi, 3,562 hours showing

Chevrolet 454 Natural Gas power unit

Amarillo 80 hp gearhead

NRD Information: 145 certified irrigated acres Little Blue NRD

Taxes: $10,088.94 (2023)

Tract 2

Location: 5 miles south of Hastings on Hwy 281. (East side of road)

Legal Description: NW Ex Tax Lot 1 & Ex Tract for Hwy in Section 13-T6N-R10W Adams County, Nebraska 155.53 acres +/-

Irrigation Equipment:

2004 T-L 7 tower center pivot s/n 20950: 900 gpm 65 psi, 10,166 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 100 hp gearhead

NRD Information: 137.28 certified irrigated acres Little Blue NRD

Taxes: $10,113.30 (2023)

FSA Information Tracts 1 & 2:

Farmland 308.97

Cropland 303.06

Corn Base 294.59

*Base acre allocation among these farms will be done by the FSA office after closing*

Tract 3

Location: 5 miles south of Hastings on Hwy 281. (East side of road)

Legal Description: SW Ex Tax Lot 2 & Ex Tract for Hwy in Section 13-T6N-R10W Adams County, Nebraska 153.63 acres +/-

Irrigation Equipment:

2010 T-L 8 tower center pivot s/n 28226: 800 gpm 55psi, 8,556 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 80 hp gearhead

Water Lube Well

NRD Information: 133.29 certified irrigated acres Little Blue NRD

Taxes: $9,618.08 (2023)

FSA Information Tract 3:

Farmland 153.86

Cropland 147.98

Corn Base 143.85

Tract 4

Location: 6 miles south of Hastings on Hwy 281. (East side of road)

Legal Description: S , NW & N , SW Ex Gunn Acres & Ex Tract for Hwy in Section 24-T6N-R10W Adams County, Nebraska 153.22 acres +/-

Irrigation Equipment:

2020 T-L 8 tower center pivot s/n 39434: 800 gpm 60psi, 3,312 hours showing

Chevrolet 454 Natural Gas Power Unit

Amarillo 100 hp gearhead

NRD Information: 135.15 certified irrigated acres Little Blue NRD

Taxes: $9,193.20 (2023)

FSA Information Tract 4:

Farmland 154.01

Cropland 147.37

Corn Base 140.66

Tract 5

Location: 7 miles south of Hastings on Hwy 281 to Sundown Rd then mile west.

Legal Description: SW & SW , SE in Section 23-T6N-R10W Adams County, Nebraska 192 acres +/-

Irrigation Equipment:

2005 T-L 8 tower center pivot s/n 22456: 600 gpm 50psi

Chevrolet 454 Natural Gas Power Unit

Amarillo 80 hp gearhead/ 6 well

40 hp GE electric motor/ 8 well (pipe is the property of the tenant and not included)

NRD Information: 100.25 certified irrigated acres Little Blue NRD

Taxes: $12,968.98 (2023)

FSA Information Tract 5:

Farmland 189.68

Cropland 129.28

Corn Base 119.17

Soybeans Base 7.43

**Please note the 10.30 acre field west of the house is irrigated from the well across the road. The use of this well is not part of this transaction**

Home:

Style 1 Story

Year Built 1932

Sq. Footage Main 1,367

Sq. Footage Upper 450

Sq. Footage Basement 1,187

Bedrooms 2

Bathrooms 3

This is a home with many updates including:

-Corian countertops in the kitchen

-Luxury vinyl flooring in kitchen 2 years ago

-Appliances in good condition and modern

-Several new windows and paint

-Wiring updated in last 10 years

-Furnace & A/C regularly serviced

-Detached garage

Shop & Outbuildings:

Shop 50 x 58- fully insulated

Quonset 44 x 80

Livestock buildings & other outbuildings

Grain Handling Facility:

1,000 bushel pit & delivery system

28 x 26 wet holding bin

30 x 21 drying bin (Calc-U-Dri system & components are owned by the tenant and not included)

36 x 29 storage bin

38 x 24 storage bin

(6) 36 x 29 storage bins

Total bushels at Adams County Assessor are 212,669. Tenant indicates he usually gets 225,000 to 250,000 bushels in depending on the year.

Terms: A payment equal to 10% of the purchase price will be due the day of the auction. The balance will be due on or before December 20, 2024, by certified funds, or a direct wire transfer to the closing agent. The 2024 and all prior taxes will be paid by the sellers. The buyer will be responsible for all subsequent taxes. Title insurance will be split equally between the buyer and the seller. The sellers will convey fee simple title subject to any existing highways, easements, reservations, or encumbrances of record on file with Adams County Register of Deeds. All equipment and improvements sell in as is condition.

Possession: Full possession for the 2025 crop year will be granted. The current tenant has the right to remove the corn from the bins until August 15, 2025. The tenant is responsible for the electrical use on the bins until the corn is removed.

Auction Method: Any absentee bids or bidding on behalf of another person or entity must be approved by Ruhter Auction & Realty, Inc and the sellers.

Announcements: All inspections required by the purchaser will need to be made prior to the auction date. This sale is not contingent upon financing and while the information presented in marketing materials and on auction day were obtained from sources deemed reliable neither Ruhter Auction & Realty, Inc. or the seller makes any guarantees or warranties as to the accuracy. The pivot & well data is from when the systems were first installed. This property sells AS IS WHERE IS with no warranties either expressed or implied. Interested parties should conduct their own due diligence. Any announcements made Auction Day by Ruhter Auction & Realty, Inc. will take precedence over any previous oral statement, printed materials, or any other communication. Final bids are subject to seller confirmation/ acceptance.

Acres & Mapping: The maps used in promotional materials and at the auction may not be to scale and are meant for illustrative purposes only. The acres represented on these properties are simply used as a multiplier for total sales price. A survey has not been completed; however, we have used the best sources available to us in determining the correct acreage, but they are not guaranteed.

Ruhter Auction & Realty, Inc. is an agent of the seller

Seller: Fricke Farms Inc.