Perkins County Pasture
Sold as part of Perkins County Farm
Absolute Land Auction
Property is located 5 - 10 miles south of Grant, NE along both sides of Highway 61.
The auction was held at 1:00 pm MST, Thursday, January 26, 2023 at the Perkins County Fair Building in Grant NE. This was a live auction with bidding accepted from bidders on-site, online bidders and approved phone bidders.
SOLD FOR:
Daniel P. Gengenbach Revocable Trust
and
Evelyn L. Gengenbach Revocable Trust
Adams Bank and Trust, Trustee
Nearly all of the cropland is located about 4 miles southeast of Grant NE along Highway 61. The 777 acres of grass pasture is located 11 miles south of Grant on both sides of Highway 61.
PERKINS COUNTY GRASS PASTURE
SOLD $945,000.00 ($1,215 per acre)
LEGAL DESCRIPTION:
Township 9 North – Range 38 West of the 6th P.M.
Section 10: E1/2SW1/4
Section 15: NW1/4, S1/2SE1/4, SW1/4 less Hwy 61 ROW
Section 22: NW1/4 less Hwy 61 ROW, N1/2NE1/4, S1/2NE1/4 less Hwy 61 ROW
ACRES: 777.68 taxed acres
REAL ESTATE TAXES: 2022 taxes are $5,193.50
Parcel 8 lays on both the north (635+/- acres) and south (142+/- acres) side of Highway 61. There is an underpass to provide access under the Highway at the far south side. Stock water is provided by 3 electric submersible stock wells.
The north side is cross fenced into several pastures and the cross fences consist of both barbed wire and electric wire. The fencing is in below average to poor condition and will need repair. The very north portion is older expired CRP and has been historically harvested for hay. This portion can be grazed but may need to have an additional water site implemented to best utilize it. There is a large prairie dog town in the north side. The south side is fenced as one pasture.
USDA-FSA GRASSLAND CRP: This Parcel includes 767.94 acres of Grasslands CRP that expires September 30, 2031. It pays $17.00 per acre for a total of $13,055.00 annually. This CRP will allow for annual grazing and will require the Buyer to work with the USDA-NRCS to develop a grazing plan.
According to the NRCS the standard for Grasslands CRP is to maintain 6” to 8” of grass growth. Upon inspection of the Parcel you will notice that the grass has been grazed short and this was allowed because of the current drought situation. Grazing in 2023 may be limited due to the drought situation.
If a producer wishes to update the fencing or stock water, they will need to obtain permission before starting any work, regardless of cost share opportunities that may be available. Cost share may or may not be available depending on the project to be done. Prairie dog control is allowed but not required.
Within 60 days from the date of the recorded Deed, Buyer will be required to assume assignment of the 2 Grassland CRP contracts as of October 1, 2022 and will receive 100% of the payment to be paid Owner in October 2023. A grass lease with a Tenant can identify that the CRP payment go to the Tenant. A copy of the lease will need to be furnished to the USDA-FSA.
SUMMARY: This is a good opportunity to purchase over 770 acres of grass pasture with Highway access. As with most pastures this year, this property has been grazed hard in 2022. The Grassland CRP does offer a safety net for lost use from reduced grazing until the pasture rebounds from the drought. The current cross fencing may not be in the best positions but a new owner can work with the NRCS to correct this to better utilize the grazing opportunities.
