145 +/- Farmland Auction Labette County, Ks

As interest rates continue to decline, now is the ideal time to secure this premium cropland. Lower borrowing costs not only make purchasing more attractive but also provide a rare opportunity to acquire a valuable, long-term asset at a reduced financing rate. Whether you’re an investor looking to diversify your portfolio or a farm operator aiming to expand your holdings, this property offers the stability of tangible farmland in an era of economic uncertainty. The farm’s immediate possession upon closing means you can start planning for the next season without delay, capitalizing on the next crop.

The upcoming election brings with it a climate of unpredictability, but farmland continues to be a reliable investment regardless of political shifts. As we head toward the election, many savvy investors are looking for assets that offer security and long-term growth potential, both of which are inherent in high-quality agricultural land. This farm offers just that—stability and the ability to hedge against market volatility. Owning farmland provides insulation from economic and political uncertainty, making it a safe bet for those who want to protect and grow their wealth. In the face of changing policies or market conditions, having a tangible asset like this premium cropland can offer peace of mind.

Farmland has long been recognized as a hedge against inflation, and this property exemplifies that potential. As inflation drives up the price of goods and services, farmland typically appreciates in value, maintaining its worth even as other assets falter. This farm, with its Class 2 soils, is primed for a range of crops, ensuring long-term productivity and value retention. Nearly 90% of the property consists of Dennis Silt Loam, known for its excellent fertility and water retention, while the remaining 10.5% is Bates Loam, offering additional versatility. Both soil types provide the foundation for sustainable, high-yield farming operations, giving you an edge in securing a profitable, inflation-resistant investment.

For those looking to generate passive income, the tillable land on this farm presents a lucrative opportunity. Leasing out the land to local farmers can provide a steady income stream, while you enjoy the benefits of owning an appreciating asset. The Class 2 soils, combined with the recent crop history of winter wheat, make this property highly desirable for agricultural production. The fertility and well-draining qualities of the Dennis Silt Loam and Bates Loam ensure strong crop performance, whether you choose to farm it yourself or lease it out. With immediate possession, you can start earning passive income right away, all while owning one of the most reliable and valuable asset types in today’s market.

Beyond its agricultural potential, the farm’s location just 1.5 miles from Big Hill Lake offers significant recreational and residential appeal. The proximity to the lake provides opportunities for fishing, boating, and outdoor activities, making the property an excellent site for a future home or retreat. Its location, just 1.5 miles from Cherryvale and close to major cities like Kansas City, Wichita, Joplin, and Tulsa, enhances its attractiveness for both farming operations and potential residential development. Whether you envision continuing its agricultural legacy or exploring its potential as a residential property, this farm provides the flexibility and location to make both possible.

-Investing in this premium cropland offers a strategic and tangible hedge against inflation, especially in an uncertain economic environment. As we approach the upcoming election, this farm offers a unique opportunity to secure a valuable real asset that combines stability with future growth potential.

-Class 2 Soils: The property boasts Class 2 soils, known for their fertility and versatility, making it ideal for a wide range of crops. This quality ensures consistent productivity and higher yields, offering long-term appreciation and a solid return on investment.

-89.5% Dennis Silt Loam: With nearly 90% of the land consisting of Dennis Silt Loam, this soil type is renowned for its exceptional water retention and fertility. This ensures a strong foundation for agriculture, allowing for more efficient farming operations and better resilience to adverse weather conditions.

-10.5% Bates Loam: The remaining 10.5% of the land comprises Bates Loam, another fertile and well-draining soil type, further diversifying the agricultural potential of the property. Its balance of nutrients provides flexibility for crop rotation and sustainable farming practices.

-Immediate Possession: The farm is currently fallow, and the buyer will take possession upon closing, allowing for immediate agricultural planning and utilization. Whether the next season’s focus is on grain, legumes, or other crops, the buyer has complete control over how to proceed.

-Strategic Road Access: The farm enjoys convenient access from both Brown Road and 20000 Road, facilitating the transport of goods, machinery, and inputs. The well-connected road network ensures ease of operation, allowing for efficient and cost-effective logistics.

-Recent Crop History: The last crop grown on the property was winter wheat, which is an indicator of the land’s productivity and suitability for grain crops. This demonstrates the land’s recent use for commercial farming, making it a practical choice for investors seeking an immediate return on their purchase.

-Proximity to Big Hill Lake: Located just 1.5 miles from Big Hill Lake, this property offers significant appeal not only for its agricultural value but also as a potential site for recreational or residential development. The nearby lake provides opportunities for fishing, boating, and outdoor activities, making the property attractive for those interested in building a home or developing a retreat. Its proximity to a major recreational hub enhances the land's long-term desirability and potential for appreciation, offering both lifestyle benefits and increased market value.

-Close to Cherryvale, KS: The farm’s location just 1.5 miles from Cherryvale provides convenient access to local amenities and services, while still maintaining a rural, agricultural environment. It’s an ideal combination of convenience and agricultural opportunity.

-Accessibility to Major Cities: The property is strategically located near several major metropolitan areas, with Kansas City just 2.5 hours away, Wichita 2 hours away, and Tulsa, Oklahoma, only 1.5 hours away. This provides excellent access to regional markets, ensuring that the farm’s produce can reach large buyer bases efficiently.

-Investors seeking a stable, income-generating asset should consider this cropland. With its high-quality soils, prime location, and immediate possession, this farm presents a rare opportunity to secure a valuable agricultural investment that can serve as both a financial hedge and a growth asset.

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Auction Terms:

ONLINE & LIVE.Online bidding will open at 10 am on 10/24/2024 and the live auction will begin at 6 pm on 10/24/2024 at the Cherryvale Community Center located at 712 S. Liberty Cherryvale, Ks 67335. Bidding will be conducted via online, by phone, or in person. Download our app “L2 Realty Auctions” or go to https://l2realtyinc.bidwrangler.com/ui to keep up and place bids. The auction will conclude upon closing of the live bidding.

There will be a 10% buyers premium added to the high bid to determine the contract price. Closing fee and title insurance fee will be split 50/50 between seller and buyer.

The property is selling subject to seller confirmation.

There will be an open house conducted on October 11th from 11 am -1 pm and then again on October 24 from 3-5 pm. 

Bids submitted shall be “firm bids” available for sellers acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding.

Final sales price will be calculated by 145 times the final bid plus buyer’s premium.

Upon acceptance of a bid by seller, the real estate contract will be provided by the seller’s agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to seller’s agent within 24 hours of the close of the auction. The earnest deposit in the amount of 10% of the final sale price will be tendered to Chautauqua Hills Abstract and Title, Inc within five 5 days of notification and acceptance. Remaining balance due at the time of closing. 

Closing of the sale bid purchase will be conducted on or before 11/26/2024 at where time seller shall deliver possession.    

Selling subject to easements, restrictions, roadways and rights of way. Preliminary title work included.

Boundary property lines pictured are approximated for reference only. There will be no guarantee on any fence or property lines as the selling is of the legal description only.

Property is selling “as is” condition and is accepted by the buyer without any expressed or implied warranties.

All terms announced the day of the auction take precedence over any other advertising.