AUCTION - 155+/- ACRES IN HODGEMAN COUNTY WITH CRP & PRODUCING MINERALS!
Legal Description: SW/4 S30, T21S, R23W Hodgeman County, Kansas
Driving Directions to Property: From Jetmore, Kansas take US-283 North for 7.5 miles. The property is located on the East side of US-283. From Ness City, Kansas take US-283 South for 18 miles. The property is located on the East side of US-283.
Auction Location & Details: Jetmore King Center, 1312 Main St Jetmore KS 11:00 am August, 9th 2023.
Terms and Conditions: 10% down day of sale. Closing shall be with LaCrosse Title & Abstract 30 days from auction date. Property taxes will be prorated to the day of closing. Title and closing costs shall be split 50/50 between Seller and Buyer. All personal property (if applicable) and Real Estate shall be selling as is and where is, without any warranties and guarantees. All Real Estate is selling subject to any easements. Real Estate is selling not subject to any inspections or bank approval. 2023, and future CRP, payments transfer from Seller to Buyer. Land owner's share of oil production will transfer from Seller to Buyer. Sellers haver selected to have live bidding & phone bidding available. Red Cedar Land Co. is representing the Sellers as a Sellers Agent. Land is selling with sellers confirmation on price.
Any Announcements Made Day of Sale Shall Take Precedence Over Any Other Advertised Material.
Property Description: Up for auction is 155+/- acres just north of Jetmore, Ks right off Hwy-283. This tract is a great opportunity for all buyers looking to invest in a quarter of land with a great return on their investment. The farm consists of CRP, upland / whitetail hunting, and producing minerals. The last remaining CRP payment in October will transfer to the buyers. The final CRP payment of $45.65 per acre on 149.5 acres totals $6,825. The CRP is eligible for re-enrollment into the Lesser Prairie Chicken CRP program. According to the FSA office this program would pay between $40-$55 per acre if the buyer choses to re-enroll. The CRP grass is very well established and boasts great cover for upland birds and deer. A guzzler on the property allows for cover and shade as well as a great water source. This property is also in Kansas Game Management Unit 5. This is a great unit for Whitetail deer and Mule deer!
For the Farmer: This property is composed of primarily Harney Silt Loam soil and Kim-Penden Silty Clay Loam. The NCCPI number for this farm is 64.8 making this a productive tract of land if the buyer decides to bring this back into agricultural production.
Oil Income: To add to the desirability of this property, there is a producing oil well and salt water disposal. The oil well is producing approximately 2.5 barrels per day and is a very consistent producer since it has been in production since 1976. The Seller's interest in the minerals will transfer to the Buyer. 100% of the minerals are believed to be intact. The salt water disposal does not provide additional income.
Whether you are looking to expand your current farming operation or keep the CRP grass intact this is a great opportunity!
For more information on the Auction or to schedule a showing call Brandon Luebbers at 620-874-1131.
Producing Oil Well
Salt Water Disposal
CRP Income (current CRP contract expires September, 2023)
7.5 Miles North of Jetmore, Ks.
18 Miles South of Ness City, Ks.
3 hours from Wichita Kansas Airport
5 hours from Denver International Airport