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HOME : AUCTION COMPANIES : Agri Affiliates, Inc. : Beal Enterprises Irrigated Cropland

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Agri Affiliates, Inc.

Beal Enterprises Irrigated Cropland
Farm Land Auction
1:00 PM Tuesday December 2, 2008 in Ogallala NE, USA 69153

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Beal Enterprises, Inc.

1,093 Acres in 9 Parcels - Keith & Deuel Counties, Nebraska

Pivot & Gravity Irrigated Cropland, River Accretion

1 PM Tuesday, December 2, 2008 Grey Goose Lodge at I-80 in Ogallala, Nebraska

SALE BILL
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Parcel 1 is in Deuel County; remainder in Keith County, Nebraska: NE1/4 Section 1-T12N-R42W; 160 taxed acres - 2007 taxes $1,432. 125 acres pivot irrigated (159.51 NRD certified), 35 acres in corners. Well Registrations: G-030943 & G-030944 drilled in 1968; test pumped at 2,840 gpm each, from 29 or 53 foot. 1997 Zimmatic 7 tower, drops are low pressure. Ford 6 cylinder natural gas, WLR pump, belt drive. Second well in north center is fully equipped except no power unit (nat gas available). Farm #2419, tract #717 has 130 acres corn base @ 96 bushel. Corners in planted wheat. Minimum Bid - $ 290,000 Parcel 2: Pt S1/2NE1/4 Section 32-T13N-R41W, south of I-80; 55 taxed acres - 2007 taxes approx $477. 50 acres gravity irrigated (48.3 NRD certified). Well Registrations: G-015567, G-036208 & G-036209 drilled in 1971 and 2003; total 2,032 gpm, from 21 to 45 foot. 3 wells have WLR pumps, electric motors: 1 @ 75 hp, 2 @ 10 hp. Farm #2517, tract #724 - 42 acres corn base @ 96 bushel. Soils are 50% Class II, 50% Class III. Minimum Bid - $ 86,000 Parcel 3: Pt W1/2W1/2 Sec 28; S1/2SE1/4 Sec 29; Pt NE1/4 Sec 32-T13N-R41W, north of I-80; 207 taxed acres - 2007 taxes approx $1,555. 13 acres gravity irrigated, 142 pivot irrigated (154.6 NRD certified), 50 non-irrigated corners. 5 Well Registrations: G-040965, G-040966, G-040967 drilled in 1973; G-0215558, G-0215559 drilled in 1961. East 4 tower pivot installed 12/2003, Gen II Zimmatic, low pressure drops; 20 hp electric motor, WLR pump set at 526 gpm from 13 foot. West 6 tower pivot installed 12/2003, Gen II Zimmatic, low pressure drops; 2 electric wells @ 15 hp, WLR pumps at 574 & 818 gpm. Gravity irrigated by 2 wells @ 10 hp, WLR pumps at 823 gpm - 13 foot and 635 gpm - 41 foot. Farm #2517, tract #724 - 123 acres corn base @ 96 bushel. Soils are 100% Class III. An easement for benefit of Parcel 4 is reserved on the existing road. Minimum Bid - $ 330,000 Parcel 4: Accretions to Sections 28 & 29-T13N-R41W, together with above access easment; approximately 37.5 surveyed acres - 2007 taxes approx $50. Excellent habitat for deer, turkey, waterfowl along the south bank of the South Platte River; surrounded by food plots and water sites ! Minimum Bid - $ 49,000 Parcel 5: NW1/4 Section 28-T13N-R40W; 159.99 taxed acres - 2007 taxes $1,950. 134 acres pivot irrigated (134.3 NRD certified), 22 acres non-irrigated corners. Well Registration: G-115297 drilled in 2002; set to pump 800 gpm from 40 foot. 2002 Grow Smart 7 tower Zimmatic, low pressure drops; 80 hp Randolph gear, Sargent pump; Ford 8 cylinder propane; Lima 10 KW. Farm #2698, tract #5979 - 89.8 acres corn base @ 119 bushel; soybeans 2.9 @ 13 bu. Soils are 24% Class II and 76% Class III. Minimum Bid - $ 300,000 Parcel 6: NE1/4 Section 33-T13N-R40W; 160 taxed acres - 2007 taxes $1,944. 128 acres pivot irrigated (128.4 NRD certified), 26 acres corners. Well Registrations: G-015572 drilled 1941 Re-worked 1970, 2,056 gpm from 59 foot; G-027106 drilled in 1967, 3006 gpm from 56 foot. 1997 Gen II Zimmatic 7 tower, low pressure. Ford 8 cylinder natural gas, Amarillo gear, WLR pump. Well on south side has WLR pump, belt drive gear, no power unit. Farm #2419, tract #721 - 129 acres corn base @ 118 bushel. Soils are 24% Class III and 76% Class I Duroc silt loam. Corners in wheat. Minimum Bid - $ 310,000 Parcel 7: NW1/4, 1.5 acre SW1/4 Section 35-T13N-R40W; 163.6 taxed acres - 2007 taxes $2,043. 130 acres gravity irrigated (128.5 NRD certified), 17.88 non-irrigated in southeast corner. Well Registration: G-015570 Replacement well drilled 2006, set at 1200 gpm from 150 foot; Ford 8 cylinder propane; Sargent pump; 100 hp Amarillo gear. East well G-033270 drilled 1970, set at 1422 gpm from 153 foot; Ford 8 cylinder natural gas; WLR pump; belt drive gear. Re-use pit pump replaced in 2005; full line gated pipe. Farm #2419, tract #722 - 78.9 acres corn base @ 118 bushel. Soils are 76% Class I Duroc, 24% Class II. Non-irrigated in planted wheat. Minimum Bid - $ 255,000 Parcel 8: NE1/4 less 10 acre tract Section 8-T12N-R39W; 150.8 taxed acres - 2007 taxes $1,980. 125 acres pivot irrigated (123.8 NRD certified), 20 non-irrigated corners. Well Registration: G-044648 drilled in 1975; test pumped at 1,742 gpm from 222 foot. 1997 Zimmatic 7 tower, drops are low pressure. Isuzu 6 cylinder diesel, 1,000 gal tank; WLR pump; Amarillo gear. Farm #2419, tract #718 - 155 acres corn base @ 87 bushel. Soils are 50% Class I Duroc, 25% Class II & III, and 25% Class IV. Minimum Bid - $ 260,000 Parcel 9: a 10 acre surveyed tract in NE1/4 Section 8-T12N-R39W; 2007 taxes approx $896. With 1400sqft ranch style house; 3 bedroom, 1 bath, covered patio, detached garage; 24x72 wooden utility building; submersible well, pressure system & yard hydrants. Minimum Bid - $ 52,000 Thanks for Your Friendship & Business We wish You & the USA the Very Best in 2009

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AUCTIONEER'S NOTES

Procedures

The auction of real estate for Beal Enterprises, Inc. is contingent upon receipt of the Minimum Bid for each of the nine separate parcels. Title Insurance Commitment, Purchase Agreement and Supplemental Brochure are available for your review from Agri Affiliates, Inc.

Terms & Conditions

Terms - This cash sale requires 15% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of the purchase price is payable in certified funds at Closing on or before December 31, 2008. The 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; at 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 an Insured Closing 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 adequacy of water rights, water availability, irrigation & building improvements, or growing wheat.

Possession - At Closing, including 100% of growing winter wheat.

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

( Due to parcel separation, some taxes are estimated. )

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

Acreages - Reported acreages obtained from the Keith/Deuel County USDA-FSA offices, and County Assessors. 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.

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

Growing Wheat - Please refer to the Supplemental Brochure

NRD - Property in Twin Platte NRD, subject to controls/regulations, including transfer of certified acres. No pumping restrictions.

Seller : Beal Enterprises, Inc.

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.

Listing Agent : Mike Polk

Duane McClain, Loren Johnson, Bruce Dodson, Jerry Weaver

John Childears - Broker

Tony Eggleston - Certified General Appraiser

North Platte, Nebraska

308 / 534 - 9240

Kearney Office 308/234-4969

www.agriaffiliates.com

Contact Broker for Supplemental Brochure

in cooperation with

Roger Rankin

308/284-2100

Fuller & Associates Realty