357 +/- Acres | Productive Alfalfa Co., OK Farms Cherokee Area

May 6th, 2021
| 10:00 A.M.

Auction Location

The Baker Building
122 1/2 S. Grand Ave., Cherokee, OK 73728

Auction Manager/s

Lynsie Sturgeon
| 580.554.2633

Seller

The Roberta J. Patton Rev. Living Trust, Stride Bank, Trustee

FARM #1 (160 +/- ACRES)

  • Located from S. edge of Cherokee, approx. 3 miles S. SH 8 (2 miles N. of Cozy Curve), then 1 ½ miles E. to the SW/c of the property
  • According to the Alfalfa Co. F.S.A. there are 149.82 acres of cropland with a full wheat base and a PLC yield of 46 bushel per acre
  • Principle soil type of the cropland is Lovedale fine sandy loam, Class II with lesser amounts of Grant silt loam, Class II and Wisby-Grant complex, Class III, and a small amount of Dale silt loam, Class I
  • Improvements include a water well

Legal: SE/4 of Sec. 25, Twp. 26N, R11 W.I.M., Alfalfa Co., OK  Taxes: approx. $544.00

FARM #2 (157 +/- ACRES)

  • Located 2 miles W. of Farm #1: from S. edge of Cherokee, approx. 3 miles S. SH 8 (2 miles N. of Cozy Curve), then ½ mile W. to the NE/c of the property
  • According to the Alfalfa Co. F.S.A. there are 151.02 acres of cropland with a 143.9 acre wheat base and a PLC yield of 37 bushel per acre, of which 75.29 acres is currently established in native grass pasture
  • Principle soil type of the cropland is Dale silt loam, Class I with lesser amounts of Grant silt loam, Classes II & III
  • Balance of land is in native grass pasture & pond
  • Improvements include an approx. 52’ x 46’ hay/machine shed with 52’ x 23’ lean-to, built in 2010 and good permanent perimeter fence

Legal: NW/4 of Sec. 34, Twp. 26N, R11 W.I.M., Alfalfa Co., OK, less a 3 +/- acre tract in the NW  Taxes: approx. $675.00

FARM #3 (40 +/- ACRES)

  • Located across road W. from Farm #2
  • According to the Alfalfa Co. F.S.A. there are 39.96 acres of cropland with a 35 acre wheat base and a PLC yield of 39 bushel per acre, currently established to native grass pasture
  • Principle soil type of the cropland is Grant silt loam, Class II with small amounts of Dale silt loam, Class I, Grant silt loam, Class III, and Grant-Nash complex, Class IV
  • Improvements include good permanent perimeter fence

Legal: S/2 S/2 NE/4 of Sec. 33, Twp. 26N, R11 W.I.M., Alfalfa Co., OK  Taxes: approx. $142.00

General Statements

  • 2021 Taxes: will be prorated to day of closing.
  • Order of Auction:  Farms will be offered individually only.
  • Crop:  Does not sell.
  • Minerals:  Minerals in, under, & to the above described land will be offered separately in our Mineral Consignment Auction scheduled for June 3rd.  No minerals are being sold or transferred with the surface.  
  • Possession: Farm #1: Possession is to be given at closing, subject to the existing ag lease which expires Oct. 1, 2021 or after completion of harvest of the milo crop, whichever is later.  Farm #2: Possession of the cropland is to be given at closing, subject to the existing ag lease which expires July 1, 2021 or after completion of harvest of the wheat crop, whichever is later. Possession of the grassland, including barn and pens, is to be given at closing, subject to the existing ag lease which expires Oct. 1, 2021. Farm #3: Possession is to be given at closing, subject to the existing ag lease which expires Oct. 1, 2021.
  • Registration: All bidders are required to register with valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who choose to authorize another person to bid/purchase on his/her behalf must provide a letter of authority. Please contact Auction Company for further details.
  • Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, condition, usability, etc. prior to auction day. Any announcements made day of auction take precedence.

Auction Results

Farm #1: $310,000
Farm #2: $332,000
Farm #3: $80,000