NE 40 Avenue , Kingman, KS 67068(Kingman County)

4 miles northeast of Kingman

There is an existing cropland lease that is in effect. Possession of the pastureland to the buyer will be at closing. Possession of the tillable land will be after the wheat is harvested. The current agreement for the cropland is a 2/3RD, 1/3RD share with the landowner paying their share of fertilizer expense. This lease will pass to the new buyer.

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, November 29th, 2022 at 2 PM(cst)|BIDDING CLOSING: Thursday, December 8th, 2022 at 2 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres. These three parcels of land are selling with a collective reserve and the final bids are subject to seller confirmation. Accordingly, bidding will be conducted on all three parcels and upon the conclusion of bidding on the third parcel, the sellers will then decide whether they accept the final bids on all parcels. If you are the top bidder on any of the parcels and the sellers accept your bid, you will be sent a Contract for Purchase and Sale and will tender the nonrefundable earnest money.