400 +/- Total Acres | Highly Productive Cropland | Grass Pasture | Pond | 400 +/- Net Mineral Acres

Auction Information

Auction Location:

Lahoma Community Building
201 Old Stabe Lane, Lahoma, OK 73754

Auction Date:

Tues., 02.27.24
| 10:00 A.M.

Auction Managers:

Perry Wiggins

|

580.541.7942
Vicki Wiggins Allen

|

580.554.4400

Seller

The Sue A. Ellis Revocable Trust

Auction Details

Property Address

Lahoma/Meno Area | Garfield & Major Co., OK

Farm #1 (156 Acres More or Less – Highly Productive Cropland)

  • Located 1 mile W. of Lahoma on US 412 (Garfield/Major Co. Line), then ½ mile N. to SW/corner of the farm
  • 148.96 acres of productive cropland with a 146.70 acre wheat base & a 48 bu./ac. PLC yield; & a grassed waterway
  • Principle soil types include Pond Creek silt loam, Class I; & Grant silt loams, Classes, II & III.
  • Cropland lays mostly level, easily tilled
  • Perimeter fence
  • Rocked road along W. side; shale road along N. side

Legal Description:  Lots 1 & 2 and the E/2 NW/4 of Sec. 7, Twp. 22N, R8 W.I.M., Garfield Co., OK ‘23 Taxes: were approx. $524.00.

Farm #2 (160 Acres More or Less – Highly Productive Cropland * Grass Pasture * Pond * Hunting Potential)

  • Located 1 mile E. & 1 ½ miles N. of Meno, OK on the Goltry blacktop/NS 272
  • In FSA unit with Farm #3 with 173.40 acres of productive cropland (110 +/- acres on this NE/4) with a 164 acre wheat base & a 48 bu./ac. PLC yield; balance of land in grass pasture, scattered trees, ponds & creek tribute
  • Productive soil types of cropland include Pond Creek silt loam, Class I; & Grant silt loams, Classes II & III; & Grant-Nash complex, Class IV
  • Cropland lays mostly level, easily tilled
  • Pasture fence
  • Blacktop access along the E. side

Legal Description: The NE/4 of Sec. 4, Twp. 22N, R9 W.I.M., Major Co., OK. ‘23 Taxes for both Farms #2 & #3: were approx. $559.00.

Farm #3 (80 Acres More or Less – Highly Productive Cropland * Grass Pasture)

  • Located 1 ¼ mile N. of Meno on N. Meno Ave./NS 271 to the SW/corner of the farm
  • In FSA unit with Farm #3 with 173.40 acres of cropland (62.47 +/- acres on subject) with a 164 acre wheat base & a 48 bu./ac. PLC yield; balance of land, approx. 14.8 acres, consists of grass pasture & scattered trees
  • Principle soil type of cropland is Pond Creek silt loam, Class I
  • Cropland lays level, easily tilled
  • Inside fences
  • Rocked road access along W. side

Legal Description: The N/2 SW/4 of Sec. 4, Twp. 22N, R9 W.I.M., Major Co., OK ‘23 Taxes:  see Farm #2.

General Statements

  • Order of Auction: Farms will be offered individually only.
  • Possession of Farm #1: At closing, subject to the existing ag lease which expires upon completion of harvest of the 2024 summer crop or September 1, 2024, whichever is later.  
  • Possession of Farms #2 & #3: Possession of the cropland, at closing, subject to the existing lease which expires upon completion of harvest of the presently growing 2023-2024 wheat crop or July 1, 2024, whichever is later. Possession of the grassland, Aug. 1, 2024.
  • Taxes: The 2024 taxes will be prorated to the day of closing.
  • Crop: Does not sell.
  • Minerals:  No minerals are being sold or transferred with the surface.
  • Registration: All bidders are required to register with valid form of ID & acknowledge & agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for 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, size, condition, etc. prior to auction day.

 

400 +/- Net Mineral Acres

MINERAL AUCTION

Online Only, February 29, 2024 @ 2:00 P.M.

Seller’s share of minerals in, under, & to the above-described land will be offered in our mineral auction scheduled for February 29, 2024.

Note:  Announcements made day of auction take precedence.

Interactive Map