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HOME : AUCTION COMPANIES : Agri Affiliates, Inc. : Sinden Pivot Irrigated Cropland

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Agri Affiliates, Inc.

Sinden Pivot Irrigated Cropland
Farm Land Auction
1:00 PM Tuesday November 18, 2008 in North Platte NE, USA 69101

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Sinden Pivots

654 Acres in Lincoln County, Nebraska

4 Pivots, 2 Combinations, 1 Unit

1 PM Tuesday, November 18, 2008 - Holiday Inn Express, North Platte

SALE BILL
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~~~ County Road Access to Parcels 1 & 2 ~~~ Parcel 1 : NE1/4 except a surveyed tract in Section 25-T11N-R32W; 154.5 taxed acres, 2007 taxes $1,860: 127.5 pivot irrigated, balance range corners. Well G-065554 : drilled 1981, 408 depth, 900 gpm from 120 foot at drilling; Reinke 6580 pivot; Cat 3208 diesel, 1500 gal fuel tank, Winco 10KW generator, motor cover; Randolph gear, Sargent pump. 130 NRD certified irrigated acres. FSA Bases : Corn 126 acres @ 105 bu direct, 157 bu CC. Parcel 2 : SE1/4 Section 25-T11N-R32W; 154.5 taxed acres, 2007 taxes $1,860: 130 pivot irrigated, range corners. Well G-065555 : drilled 1981, 421 depth, 900 gpm from 135 foot at drilling; Reinke 6580 pivot; Cat 3208 diesel, 1500 gal fuel tank, Winco 10KW generator, motor cover; Randolph gear, Sargent pump. 130 NRD certified irrigated acres. FSA Bases : Corn 126 acres @ 105 bu direct, 157 bu CC. 309 Acres Combination A - Parcels 1 & 2 above Parcel 3 : SW1/4 and a tract in S1/2NW1/4, with easement access, in Section 35-T11N-R32W; estimated 185 taxed acres, 2007 taxes $2,835: 125 pivot irrigated, balance range corners. Well G-065556 : drilled 1981, 477 depth, 1200 gpm from 188 foot at drilling; Reinke pivot, John Deere diesel, 1500 gal fuel tank, Stanford 10KW generator, motor cover; Randolph gear, Sargent pump. 170 NRD certified irrigated acres. FSA Bases : Corn 142 acres @ 105 bu direct, 157 bu CC. Two grain bins, steel building with concrete floor, open door. Parcel 4 : SE1/4 with easement access in Section 35-T11N-R32W; 160.0 taxed acres, 2007 taxes $1,860: 125 pivot irrigated, balance range corners. Well G-065557 : drilled 1981, 427 depth, 900 gpm from 135 foot at drilling; Reinke 6580 pivot; Cat 3208 diesel, 1500 bal fuel tank, Winco 10KW generator, motor cover; Randolph gear, Sargent pump. 130 NRD certified irrigated acres. FSA Bases : Corn 142 acres @ 105 bu direct, 157 bu CC. 345 Acres Combination B - Parcels 3 & 4 Total Unit : E1/2 except a surveyed tract in Section 25; S1/2, surveyed tract in S1/2NW1/4 Section 35-T11N-R32W with easement access. 654 taxed acres : 507.5 pivot irrigated, range corners. Four registered irrigation wells, four diesel engines, four Reinke pivots, 560 certified NRD irrigated acres - 54.7 inches remaining. Grain bins, steel building. Information contained in this brochure has been obtained from sources deemed reliable. We have no reason to doubt the accuracy, but the information is not guaranteed. Prospective Purchasers should verify all information. Announcements day of sale take precedence over printed or oral statements. Agri Affiliates, Inc. and all agents of Broker are acting as agent of the Seller.

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AUCTIONEER'S NOTES

Procedures

Sinden Farm will be offered as four individual center pivots; as two combinations of two pivots; and as a total unit of four pivots. Two rounds of bidding will occur, with additional rounds as required for the Combinations and Unit. Seller reserves the right to reject any or all bids; entire property sells or none sells. The Purchase Agreement, Supplemental Brochure, and the Title Insurance Commitment are available for your review prior to the auction.

Terms & Conditions

Terms - This cash sale requires 15% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of purchase price is payable in certified funds at Closing on or before December 10, 2008. Purchase Agreement will not be contingent on financing. If Purchaser fails to Close on the Closing date due to financing, Seller may declare the Purchase Contract void, with Purchaser’s earnest deposit forfeited to Seller; or at the Seller’s Option, Buyer shall pay interest at the rate of 12% from the date of scheduled Closing until the actual Closing. Seller to convey title by Warranty Deed; Title Insurance evidencing merchantable title. Cost of Title Insurance and a Closing Protection Letter by the Title Company shared 50/50 by Seller/Purchaser. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens. Property sells in “as-is” condition; No warranty is expressed or implied as to the adequacy of water rights, or water availability, irrigation equipment & building improvements.

Possession - At Closing.

Taxes - 2008 real estate taxes paid by Seller; 2009 paid by Purchaser.

Minerals - All Owned Oil, Gas, and Mineral rights pass to Purchaser.

Acreages - Reported acreages were obtained from Lincoln County USDA-FSA office, and County Assessor. The Parcels sell without regard to acres. No warranty is expressed or implied as to exact acres. Legal descriptions subject to existing fence/field boundaries. If parcels sell separately, Seller will have quarter-corners marked by a surveyor, at Seller’s cost.

USDA-FSA - Approximate Base Acres by Landowner Designation, will not be negotiated, subject to County FSA Committee approval.

NRD - Sinden Farm is in the Middle Republican Natural Resource District; 60 inch water allocation for the 2008 through 2012 growing seasons; 54.7 remaining inches for 2009-2012 (average 13.675).

Seller : Sinden Farm Enterprises, Inc.

Dean & Corale Sinden

Contact Broker for Supplemental Brochure

Listing Agent : Loren Johnson

Mike Polk - Duane McClain - Bruce Dodson - Jerry Weaver

Appraiser Tony Eggleston

Broker John Childears - North Platte, Nebraska

308 / 534 - 9240

Kearney Office 308/234-4969

www.agriaffiliates.com