Hendrich Farms, Inc. Dryland Auction

LIVE AUCTION >
HENDRICH FARMS, INC. , DRYLAND AUCTION
WASHINGTON COUNTY, CO | 5,847± ACRES >> 22 PARCELS

November 17, 2020 @ 10:30 am, MT
Washington County Event Center—Akron, CO

Announcements made by Reck Agri Realty & Auction at the time of sale will take precedence over any previously printed material or other oral statements.

LOCATION/DATE/TIME: Auction to be held at the Washington County Event Center @ the Washington County Fairgrounds in Akron, CO, on November 17, 2020, at 10:30 am MT. (See Live Auction Statement.)

PROPERTY OVERVIEW: Hendrich Farms, Inc., is liquidating to retire. Seldom does a dryland farm of this size, quality, and reputation of excellent farming practices become available for sale at auction. 5,847.8± ac to be offered for sale in 22 Parcels, 3 Combos, East/West Unit, and Single Unit via a multi parcel auction. Dryland tract size will vary from 160± ac to the Single Unit size of 5,527.8± ac. The Hendrich Farms, Inc. farming operation is situated in two locations. The parcels within the East Unit consist of 4,042.8± ac and is located 16-29 mi SW of Akron, CO in central Washington, Cty. The parcels within the West Unit consist of 1,438± ac and is located 5-10 mi S of Woodrow, CO in west central Washington, Cty. In addition, 160± ac of CRP located 20 mi SW of Otis, CO, 160± ac of dryland owned by a landlord located directly north of the headquarters, and 3 improvements sites are being offered for sale within the auction. The multi parcel auction bidding format allows Buyer(s) multiple purchasing opportunities to relocate, expand, and/or invest in land.

SALE TERMS: The HENDRICH FARMS, INC. DRYLAND AUCTION is a land auction with RESERVE. The Hendrich property to be offered as a MULTI PARCEL Auction with 22 Parcels, 3 Combos, East/West Unit, and Single Unit. The parcels, combos, and units will be offered in the sale order as stated. The parcels, combos, and units will compete to determine the highest aggregate bid(s). Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE CONTRACT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy & Sell Real Estate (Land) for the amount of the bid. Required earnest money deposit to be for 15% of the purchase price, due upon the signing of the contract, and to be deposited with Reck Agri Realty & Auction. Earnest money on Parcel #10 is 5% of the purchase price. Purchase contract will not be contingent upon financing. Terms and conditions in the detail brochure and taped oral announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure.

CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before December 18, 2020. Closing to be conducted by Washington County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by General Warranty Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). Title commitments are available for review within the detail brochure. Said title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).

POSSESSION: Possession of farmland and Parcels #10 & #16 upon closing. Possession of residence on Parcel #9 to be delivered to Buyer(s) 90 days after closing.

PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.

WATER RIGHTS & EQUIPMENT: Seller to convey to Buyer(s), any water rights appurtenant to the property.

GROWING CROPS: Seller to convey to Buyer(s) 100% of planted wheat. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing. See Pages 138-143 for copy of current crop insurance coverage. See Pages 144-146 for copies of seed wheat planted and started fertilizer applied.

CRP CONTRACTS: Seller to convey all right, title, and interest to the existing CRP contract to the Buyer(s) as successor in interest. Seller to convey the October 2021 CRP payment. Buyer(s) assumes the terms and conditions of the CRP contract as outlined in detail brochure.

FSA DETERMINATION: FSA base ac and yields to pass with the Parcels, Combos, or Units as designated within the terms of the detail brochure.

REAL ESTATE TAXES: 2020 real estate taxes due in 2021, to be paid by Seller.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.

MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).

NOXIOUS WEEDS & CHEMICALS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, goat/Johnson grass, etc.). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages are approximate and are obtained from either the FSA office and/or county tax records. No warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction.

COVID PLAN FOR AUCTION:
Attendance is limited to bidders and a family member as well as a business partner. Online viewing is open to everyone.
Reck Agri Realty & Auction encourages the wearing of masks and social distancing. Masks and plastic gloves will be available. Hand sanitizer will be placed throughout the building.
Tables will be set at least 6 feet apart. No more than 6 chairs per table.
People who are in the same family and their business partner can sit at the same table. Others will be encouraged to sit apart.
Bottled drinks will be provided that people can serve themselves. Coffee will be poured by staff who are wearing gloves and masks. Any food will be individually wrapped/packaged. The food/drink service area will be cleaned during the auction time frame.
If you are not feeling well, please stay home. Phone bidding and online bidding will be available during the auction.

BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained by visiting auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.

MULTIPLE PARTY BID: If several parties go together and collectively bid on parcel(s) and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate parcels shall equal the total Multiple Party Bid.

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the “HENDRICH FARMS, INC. DRYLAND AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.

COPYRIGHT NOTICE: Photographs, videos, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.