Absolute Farmland Auction

QUALITY DRYLAND FARM

60 +/- TOTAL ACRES, GAGE COUNTY, NE

FEBRUARY 26TH, 2025 @ 10:00 AM

LIVE AUCTION TO BE HELD AT THE PICKRELL COMMUNITY CENTER,
311 AUSTIN ST., PICKRELL, NE

Farm Location: From Pickrell, Nebraska, travel east on East Pickrell Road for approximately 3 miles, then turn north onto South 38th Road for ½ mile. The farm will be located on the east side of South 38TH Road.

Legal Description: North Sixty (60) Acres of the Southwest Quarter (SW ¼) of Section Twenty (20), Township Five (5) North, Range Seven (7), East of the 6TH P.M., Gage County Nebraska.

Taxable Acres: 60.00

2024 Real Estate Taxes: $2,427.76 – Paid by Seller (Subsequent taxes to be paid by Buyer)

Auction Multiplier: 60.00 x Bid Amount to determine total purchase price.

Farm Description: Productive dryland terraced farm, comprising of 59.48 cropland acres.

Farm Service Agency
FSA Farmland Acres: 59.48
FSA Cropland Acres: 59.48
Corn Base Acres: 27.20 – 133 PLC Yield
Soybean Base Acres: 27.20 – 36 PLC Yield

GENERAL INFORMATION

Online Bidding: Live Simulcast Internet Bidding will also be available in addition to the live auction. Register to bid at least 48 hours prior to the live auction. Competitive online bidding starts Tuesday, February 25 at 8:00 AM and ends Wednesday, February 26 at the conclusion of the live auction.  Visit eltingauction.com to register to bid.

Taxes: The 2024 real estate taxes and all prior year’s taxes shall be the responsibility of the seller. All future year’s taxes shall be the responsibility of the Buyer.

Possession: Possession to the farmland shall be given upon closing subject to the current tenants’ rights through the 2025 growing season.

Lease Details: Annual rent of $10,000 per year paid prior to planting. Buyer will assume all rights and responsibilities of the current oral lease.

Terms: A 20% nonrefundable earnest deposit will be required from the successful bidder the day of the auction. The balance shall be due on or before March 26, 2025. Title insurance shall be used, and the cost shall be shared equally between the buyer and the seller, as well as closing of the transaction. The property will not be sold subject to financing. Bidders must have all financial arrangements made prior to the auction.

Additional Information: A property information packet showing FSA information, aerial photos, tax data, soil types and other pertinent information are available upon request by contacting the seller’s agents Brad Elting or Nathan Elting at (402) 768 – 7270 or by visiting www.eltingauction.com.

Agency: Brad Elting & Company, Inc. are the agents representing the seller. Acreage calculations and data in this brochure have been obtained from sources believed to be reliable although its accuracy cannot be guaranteed by the seller or the seller’s agents. We urge prospective buyers to inspect the land and rely on their own conclusions. Announcements made at the auction shall take precedence over advertising.

Auctioneer`s Note: If you are looking for a quality dryland farm, you will not want to miss this auction. Make plans to attend this Gage County, Nebraska Land Auction.

Sellers’ Agents:

Brad Elting
Auctioneer
Nebraska & Kansas Real Estate Broker
General Certified Appraiser

Nathan Elting
Auctioneer
Nebraska Real Estate Broker

Seller: Terry and Patricia Johnsen