Live and Online at Ranchandfarmauctions.com

Auction Date: 04/04/2024 Auction Time: 11:00 AM CST

Auction Venue Location: Blackwell Event Center, 800 S Main St, Blackwell, OK 74631

Entire Farm Description:

Tillable tract with wind turbine providing solid additional income source. Located in the heart of farm country in Northern Oklahoma, this tract offers a great investment opportunity for not only tillable income, but the additional residual income from a producing wind turbine located on the property. The current contract with the wind company (Public Service Company of Oklahoma) is currently paying $10,000/year, with a 3% increase each year. Combine this with the quality Class 2 & 3 soils on the property, and this would make a great addition to any farming operation. Conveniently located only 15 miles to Blackwell and I-35, and 19 miles to Medford. Mineral rights are being included in the sale of the property, although no current production is in place. Selling by whole dollar.

Details:

Deeded Acres:

160 +/- acres

FSA Farmland Acres:

148.38 +/- acres

Soil Types:

Kirkland Silt Loam, Tabler Silt Loam, Renfrow Silt Loam

Soil PI/NCCPI/CSR2:

NCCPI 46.3

Taxes:

$569

Lease Status:

Open Tenancy for 2024 crop year

Possession:

Immediate possession subject to current tenants rights for 2023

Survey needed?:

No survey needed

Brief Legal:

26-28N-3W NW/4

PIDs:

0000-26-28N-03W-3-000-00

Lat/Lon:

36.8795, -97.4939

Zip Code:

74646

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Tillable farm with additional income from wind turbine

Wind turbine contract has 24 years remaining

Quality soils for growing corn, beans, milo, and/or wheat

Currently no crop planted

Mineral rights Included with surface rights

Good county road frontage

Conveniently located between Medford and I-35

5% Buyers Premium