160 Acre Top Producing Otoe County Non-Irrigated Farmland Auction

TOP PRODUCING NON-IRRIGATED OTOE COUNTY FARMLAND AUCTION
* * * 160 ACRES SELLING * * *

FRIDAY, MARCH 2, 2012  11:00 AM
UNADILLA, NE: Auction will be held at the Duncan Building in Unadilla next door to the Bank.
FARM LOCATION: From Unadilla, 3 miles South on County Road 20 to County Road “K” Road, then 1 mile West on “K” Road to County Road 18, then ½ mile South on County Road 18 to County Road “King” Road, then 1 mile West to Farm (Farm is located on the Southwest corner of County Roads 16 & King).

This Top-Producing Farm comes into its’ 3rd Season of row crops after being in CRP for the previous 10 years and is producing very well. This Excellent Farm features nearly 131 tillable acres of Farmland and features tremendous access all year around with County-maintained, public gravel roads on the East and North Boundaries. Rural Water Hookup is available to this Farm for Development Potential in the Future! There are also Hunting, Fishing and other recreational possibilities on the farm, as there is plenty of cover for upland game birds and deer in the draws and 2 small ponds in the pasture area for waterfowl hunting. The farm overlooks a large lake on the South end for an Excellent building spot with a nice panoramic view in all directions. Soils on this Farm include Class II Judson (JuC) and Nodaway-Colo (Nd), Class III Mayberry (MmC), Pawnee (PaC) and Wymore (WtC2) and a small amount of Class IV Pawnee (PbC2) soils. The pasture on the Farm could be converted for additional row-crop farming or can be left as is for a small herd of cattle, if preferred. If you are in the market for a Top-Producing farm in these strong farm economic times, DO NOT MISS THIS AUCTION!

LEGAL DESCRIPTION: The Southeast Quarter (SE ¼) of Section 29, Township 8 North, Range 10 East of the 6th P.M., Otoe County, Nebraska, containing 160 acres, more or less.

2011 REAL ESTATE TAXES: $ 3,997.18

POSSESSION: Full Crop year possession will be given to the New Buyers on March 1, 2013 (Tenant’s Rights in force for 2012 Crop Year). Rent will be given directly to New Buyers from current Tenant (1s Half due March 1, 2012, 2nd Half due September 1, 2012).

FARM SERVICES AGENCY (FSA) INFORMATION: (Historical Numbers)

FARM NUMBER   - 5954
FARM ACRES    - 160.0
CROPLAND ACRES   - 130.7
WHEAT BASE    - 24.6 Acres
YIELD (CC – DRYLAND)  - 36 Bushels
GRAIN SORGHUM BASE  - 47.0 Acres
YIELD (CC - DRYLAND)  - 68 Bushels

TERMS OF THE AUCTION: An Earnest Deposit of $ 50,000.00 will be required on Auction Day (Cashier’s or Personal Checks Welcome). The balance will be due on or before March 30, 2012. Title Insurance & Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title Provided. Agents Represent the Sellers. 1031 Tax Exchanges Welcome.

AUCTIONEER’S NOTE: Make your plans now to attend the Auction of this Top Farm! This is a Great Opportunity for Farmers, Investors & Hunters alike! For Further Information or a tour of the Property, Please Contact the Auction Company or visit the web site at www.nitzauctions.com. Coffee and Snacks will be Served.

DAVID & HOLLY MEISINGER – SELLERS