LAND AUCTION  194+/- ACRES  – MONDAY MAY 18, 2026 to be held at the Fairbury VFW – 2337 K Street, Fairbury, NE at 1:30 PM

Propety Description

SOLD – $7,600/acre

LAND AUCTION  194+/- ACRES  – MONDAY MAY 18, 2026 to be held at the Fairbury VFW – 2337 K Street, Fairbury, NE at 1:30 PM

TRACT I – 121.55 +/- ACRES

LOCATION: From the junction of Highways 8 (near Country Club) and 15 South of Fairbury, NE go 1 ¾ miles South.  This will be the Northeast corner of Tract I.

LEGAL DESCRIPTION: The South Half of the of the Southwest Quarter, Section Two, AND the Southeast Quarter of the Southeast Quarter of Section Three Except Fraction, AND a Fraction of the Northeast Quarter of the Northeast Quarter of Section Ten, All in Township One North, Range Three East of the 6^th P.M., Jefferson County, Nebraska subject to easements and restrictions whether of record or not.  Complete legals available.

 GENERAL DESCRIPTION: This nice laying non-irrigated farm that is all NHEL and mostly Class II soils.  There is a former railroad right away that runs thru the tract.

FSA DATA:  Estimated FSA data is as follows:

 TAXES: Seller shall be responsible for the 2025 and all prior years’ taxes. Buyer will be responsible for all subsequent years’ taxes.  The 2025 real estate taxes were $4,495.94.

TRACT II – 72.15 +/- ACRES

LOCATION: Directly South of Tract I.

LEGAL DESCRIPTION: The North Half of the Northwest Quarter Except Fraction, Section 11, Township One North, Range Three East of the 6^th P.M., Jefferson County, Nebraska subject to easements and restrictions whether of record or not.  Complete legal available.

GENERAL DESCRIPTION: This nice laying non-irrigated farm that is all NHEL and Class I & II soils.  Nearly all of the tract is farmable.

FSA DATA: Estimated FSA data is as follows: 

TAXES: Seller shall be responsible for the 2025 and all prior years’ taxes. Buyer will be responsible for all subsequent years’ taxes.  The 2025 real estate taxes were $2,768.72.

TERMS & CONDITIONS

 MINERAL & WATER RIGHTS: Any mineral and water rights owned by the Seller will transfer to the Buyer.

INSPECTION: The ground is open for inspection with respect to tenant.  Seller and Auction Company are not liable for accidents or loss during inspection.

CLOSING: Closing shall be on or before June 18^th, 2026.  The escrow closing will be conducted by Nebraska Title Company.

POSSESSION: Possession is subject to the 2026 cash farm lease with the current tenant, the Buyer will receive the 2026 cash rent.

 MANNER OF SALE: The farm will be sold dollars per acre choice tract (sale price multiplied by 121.55, 72.15, or 193.70).  The winning bidder will have the option to take either tract or both.

 TERMS: An earnest deposit equal to 15% of the purchase price shall be paid the day of the auction upon signing the purchase agreement.  The balance shall be paid on closing in the form of certified funds.  Title insurance and escrow closing fees shall be shared equally between Buyer & Seller.  Any lender’s policy or required endorsements shall be the expense of the Buyer.  Nebraska Title shall be the title insurance company and conduct the escrow closing.  The farm is not being sold contingent on loan approval.  Make all financial arrangements prior to the auction.  The property is sold in “AS IS” condition with no survey, warranties, inspections, repairs, or treatments provided or paid for by the Seller or Real Estate Firm.  Buyers are encouraged to do their own due diligence.  Tom Posey Real Estate & Appraisal and Schultis & Son, Inc. are agents of and represent the Seller in these transactions.  The sale is subject to final court confirmation.  Any announcements made the day of the auction take precedence over any information provided in print or otherwise.  THE RUHNKE FAMILY, OWNERS.   Online bidding at www.schultis.com!

BROKER & APPRAISER – Tom Posey   402-768-2292

BROKER & AUCTIONEER – Justin Schultis   402-300-8012