11-20 Gragert 80

NOTE: This is an auction. The above mentioned "For Sale" price is not an asking price but rather, a SUGGESTED OPENING BID. 2 Garfield County Farms 160 +/- Acres | Productive Cropland | Grass Pasture & Pond | Covington Area 80 +/- Acres | Productive Cropland | Grass/Hay Pasture & Pond | Douglas Area AUCTION Wednesday – November 20, 2024 - 10:00 A.M. Auction Location: Covington Fire Department, 209 2nd St, Covington, OK 73730 These farms are a MUST to consider if you’re looking to add productive small grain/livestock farms to your operation! Farm #1 (160 +/- Ac.) • Located 1 mile N. of Covington on SH 74 then 1 mile E. on good rocked road to the NW/c of the property • According to the Garfield Co. F.S.A., there are 123.63 acres of cropland with a 122.10 acre wheat base & a 29 bu./ac. PLC yield • Balance of the land is established in grass pasture & a nice pond • Principal soil types of the cropland are Kirkland-Renfrow complex; Renthin-Masham complex; & Kirkland silt loam, all Class III • Great home site potential, located just 1 mile from SH 74 • Electric service along north & west roads • Improvements include permanent perimeter fencing & cross fencing, an approx. 30’x20’ pole barn, & older water well/windmill Legal Description: The NW/4 of Sec. 7, Twp. 21N, R3 W.I.M., Garfield Co., OK Taxes: were approx. $528.00. Possession of the Cropland: at closing, subject to the existing ag lease which expires upon completion of harvest of the 2024-2025 wheat crop or July 1, 2025, whichever is later. Possession of the Grassland: at closing, subject to the existing ag lease which expires August 1, 2025. Possession Note: At the time of closing, Seller shall credit Buyer a portion of the cash lease in the amount of $3,000. Farm #2 (80 +/- Ac.) • Located from Douglas, ½ mile east, then 1 ½ miles north on Hunter Rd. to the SE/c • According to the Garfield Co. F.S.A., there are 52.20 acres of cropland with a 50.60 acre wheat base & a 31 bu./ac. PLC yield • Balance of the land is established in grass/hay pasture & pond (currently dry) • Principal soil types of the cropland are Kirkland silt loam; Renthin-Masham complex; & Kirkland-Renfrow complex, all Class III • Home site potential • Electric service along east road • Improvements include fencing on S. Legal: The E/2 NE/4 of Sec. 19, Twp. 21N, R4 W.I.M., Garfield Co., OK Taxes: were approx. 276.00 Possession: With property indemnification, and upon signing the purchase contract and acceptance of the escrow deposit the Buyer will have permission to till the soil as is necessary for conserving moisture and for preparing for and for planting a wheat crop. If for any reason this agreement does not close, the Seller shall pay the Buyer the customary rate as recommended by the O.S.U. Extension Service for any tilling or planting which Buyer may have done, and Buyer shall immediately relinquish possession to Seller and neither party shall be liable to the other for any further damages. Complete possession is to be given upon payment in full of the purchase price and transfer or title, at closing. General Statements Taxes: will be prorated to the date of closing. Minerals: Do not sell. Registration: All bidders are required to register with a valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, size, condition, etc. prior to auction day. Announcements made day of auction take precedence.