477 Acres in Ravenna, NE

This pivot irrigated farm is estimated at 170 acres (to be determined by survey). There is also an older home and building site in the southeast corner of the property.

The farm includes a Zimmatic 10 tower electric pivot which makes a full circle. There is natural gas to the well and center point. The power unit & generator are owned by the tenant and are not included. The soil consists of mostly, Uly, Holdrege & Coly Soils and Hobbs Silt Loam. The terrain is gently rolling with access from Grand Island and Gibbon Road. Overall a productive farm with good access.

The homesite features an older home in need of repair. There is a quonset, older barn, and grain bins, surrounded by an established wind break.

2024 Taxes: $8,427.70 (before survey)

Legal: Northeast and Part of the Northwest of in Section 23, Township 11 North, Range 14 West of the 6th PM, Buffalo County, Nebraska

Farm Service Agency: 159.19 Cropland, 131.10 Corn Base, 9.80 Grain Sorghum Base, 15.20 Wheat Base, 0.6 Oats Base

Well Information: G-074612, 9 Column, 800GPM, 314FT Depth, 80FT Static, 149FT Pumping Level, Drilled 10/14/1980

Natural Resource District: Lower Loup NRD, T32.3 Certified Irrigated Acres

Tract 3

This pivot irrigated farm is 160 acres per the county records. It is located adjacent to Tract 2.

The farm includes a Valley 9 tower electric pivot and makes a full circle. The farm has an electric well with 75HP motor. The pivot had tower boxes replaced approximately 5 years ago. The soil consists of mostly Uly, Holdrege & Coly Soils and Hord Silt Loam. The terrain is gently rolling with access from Gibbon and 235th Road. There are two grain bins on the property with 3 phase electricity and drying fans. The bins are approximately 10,000 bushel each. Overall, the farm is productive and has good access.

2024 Taxes: $8,026.44

Legal: Southeast 1/4 in Section 23, Township 11 North, Range 14 West of the 6th PM, Buffalo County, Nebraska

Farm Service Agency: 148.13 Cropland, 120.7 Corn Base, 9.40 Grain Sorghum Base, 15.90 Wheat Base, 2.13 Oats Base

Well Information: G-068435, 800GPM, 9 Column, 335FT Depth, 93FT Static Level, 160FT Pumping Level, Drilled 9/24/1982

Natural Resource District: Lower Loup NRD, 132 Certified Irrigated Acres

Auction Terms

Method of Sale: The sale of this property sells at Live Auction. Online bidding will be available with prior registration and approval. The farms will be offered in three tracts. The auction to be held on February 4th, 2025. The final bid is subject to seller confirmation.

Payment: The winning bidder will be required to make a non-refundable $50,000 down payment on Tract 1 and $100,000 down payment each on Tract 2 & Tract 3 on the day of auction with the signing of an Adam Marshall Land & Auction, LLC purchase agreement. Wire transfer, certified or personal check accepted. The balance will be due at closing.

Closing: Closing to be on March 4th, 2025

Possession: Full possession of the property will be given upon closing, subject to the current tenants lease.

Financing: This sale is NOT contingent upon buyers financing. Prospective buyers should make their financial arrangements prior to the auction.

Condition: This property is selling in AS-IS condition. There are no warranties expressed or implied to the condition of the farm.

Taxes: 2024 and previous years real estate paid by the Seller. The 2025 and subsequent years will be the responsibility of the buyer.

Title: Seller to convey title by warranty deed. Merchantable title will be made available. The cost of title insurance and escrow closing fees to be divided equally between the buyer and seller.

Agency: All representatives of Adam Marshall Land & Auction are acting as agents of the seller.

Online Registration: Bidders must sign a bidder terms agreement and submit to the auction company before being approved to bid.

All information is deemed reliable, but is not guaranteed. We urge the buyer to inspect and rely upon their own conclusions. Announcements the day of the auction will take precedence over information provided herein.