Posted 33 days ago

Address Not Disclosed, Rolla KS 67954

Lot/Land
$1,248,000
 
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Great investment ground in Morton County , KS with a very strong pheasant population on it. The entire farm, except for the corners, are on a center pivot. About 32 acres is not under irrigation, they plant wheat in the corners. Seller will structure the sale to benefit the buyer from equipment depreciation. Said all equipment was well maintained and great shape and all older pivot heads have had new nozzles put on them. Said anyone would be proud to own. The water rights do go with the farm, spelled out in the deed, but the mineral rights do not. The water tables he says are in good shape, as good as they were when dug in the 60-70's. The water was adjudicated by the "water boards". Has the old house and shop on it. Remember the shop is a Quanset floor concrete building. Two… Show more new pivots in 2008. One belongs to current tenant but can be acquired. One older pivot. Two wells on it. (1) Isuzu and (1) International, both diesel and 650 GPM. 2 years old. Typical cash rents for area- Irrigated Lands - $150 - $200 per acre. Dry land - $30 - $50 per acre. 5) Will seller sell by tract- All is for sale as one. Will ask premium if seller breaks up the tracts. 6) Plat map multiple sections w/out name, why- Seller does not know why. 7) Typical share arrangements for area- 1/3 x 2/3 and also 1/4 x 3/4. He is currently under the 1/4 plan with no expenses. 8)What crops are grown in the area- Corn, wheat, milo, soybeans, and sunflower. 9) Options of selling grain and the # of elevators in the area and the distance- There are 2 elevators in the area. One is a 1/4 mile from farm #1 and within 6 miles of the other 2 tracts. The price at the elevator is the same as the Chicago Board of Trade prices (flat futures pricing). Also, there are several hundred, if not thousands of Seaboard Hog operations within a 2-3 county area that drive the market on grain. There are also several feed lots in the area that drive the grain market as well. 10) Is GRIP insurance offered and what are the yields for the 2008 major crops- Yes GRIP is offered. County corn yields on irrigated land would be in the 200 bushel range. 11) The question about recent sales in the area and is there a lot of irrigated farm land for sale in the area- Seller is not aware, unknown. 12) Depreciable property listed by tract-(This owner has a total of 3 tracts in the area for sale) Tract 1 - 3 Pivots, 2 Pumps and motors. $190,000.00 Tract 2 - 2 Pivots, 2 pumps and engines. $200,000.00 Tract 3 - 1 Pivot, 1 pump and motor. $200,000.00. Also there are 5 wells on the properties. $300,000.00. 13) Are there other interested farmers in the area that would cash rent and how many in the area would- Seller says he has a good farmer at present time. There are several interested farmers. 14) FSA direct payments- Not sure. But farms have full base of corn and wheat.
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Listing Details

Status For Sale
Listing Type Resale
MLS/Source ID 114644044
Lot size 640.0 acres

 

Days on Trulia 33
ZIP code 67954
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Contact info

BRIAN SMITH
Provided by: LandWatch
Broker: BRIAN SMITH

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Schools near this property

Elementary
Middle
High
SCHOOL NAME SCHOOL TYPE PARENT RATING DISTANCE (mi)
Rolla Elementary School
Rolla Unified School District 217 		Public
7.07
Elkhart Elementary School
Elkhart Unified School District 218 		Public
11.69
Elkhart Cyber School
Elkhart Unified School District 218 		Public
11.89
View all schools in:   Rolla Unified School District 217 , Elkhart Unified School District 218
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
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This Lot/Land located at Rolla KS 67954 is currently for sale and has been listed on Trulia for 33 days. This property is listed by LandWatch for $1,248,000. The property has a lot size of 27,878,400 square feet. This property is in Rolla and in ZIP Code 67954. . .
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