Thursday, October 22,2009 01:00 PM  thru  02:00 PM
Thursday, November 05,2009 01:00 PM  thru  02:00 PM

The farm is located approximately 10 miles northeast of Clayton, and six miles north of US Highway 56/64 along the west side of State Line Road on the New Mexico/Oklahoma state line. The feedyard is approximately one mile south of the intersection of US Highway 56/64 on the west side of Feeder Road, all about 12 miles northeast of Clayton, NM.

Clayton Municipal Airpark, Airpark Road, Clayton, NM 88415

AUCTIONEER'S NOTE - The Seneca Valley Farm has all the components to operate as a complete farm or farm/livestock property. Current ownership has made several improvements to the property that the next owner will inherit the benefits of. Excellent demand for corn in the area insures a strong market with very low transportation costs. To either the investor or the owner/operator, the Seneca Valley Farm is a large operation that should not be overlooked. The farm could be purchased with an operator in place.


PROPERTY INFORMATION: 35 Pivots with 35 wells irrigating 4,010 acres

35 wells tested June 2009 range from 50 to 480 feet deep with capacity of up to 1,100 GPM

35 pivots (2 - 29 years old) powered by electric motors except one natural gas motor. Pivots are primarily Reinke, there are Valley, Zimmatic, Lockwood and Butler pivots on the property

1 million bushels of grain storage

5,500-head Feedyard built in 1970 and major overhaul of the pens in 1990

Annual Property Taxes are estimated at $13,818

Average Yield Information

10-year Average Corn Yield - 239 bushels per acre

Average Wheat Yield - 70 bushels per acre

The farm has participated in the National Corn Yield Contest with yields as high as 306 bushels per acre. Certain pivots can yield 250 - 275 bushels per acres consistently.

Executive Summary The Seneca Valley Farm is an excellent New Mexico irrigated farm with a total of 6,256+/- deeded acres located in the northeast corner of the state near Clayton. The farm includes 35 center-pivot systems, irrigating approximately 4,010 acres from 35 wells. Nearly one million bushels of grain storage and a permitted 5,500-head feedyard are also included. This is an excellent farming operation located in an area that has a huge demand for corn due to the large number of commercial feedlots in the area. High crop yields contribute to this excellent investment opportunity

Tract 1 - 153 Acres with 126.2 under pivot. This tract includes a Reinke 8-tower sprinkler and 1 well. Corn in 2009.
Tract 2 - See detailed improvement descriptions to the right pertaining to this 7 acre tract.
Tract 3 - 160 Acres with 86.6 under pivot. This tract includes a Reinke 8-tower sprinkler and 1 well. Corn in 2009.
Tract 4 - 360 Acres with 161.2 under pivot. This tract includes a Lockwood 10-tower sprinkler and 3 wells. Corn in 2009. Also includes a holding pen in the northwest corner.
Tract 5 - 300 Acres with 125.8 under pivot. This tract includes a Reinke 8-tower sprinkler and 1 well. The west 1/2 in summer fallow and east 1/2 in corn for 2009.
Tract 6 - 900 Acres with 398.3 under pivots. This tract includes a Lockwood 11-tower sprinkler, two Butler sprinklers and Zimmatic sprinkler with 4 wells. Corn, wheat and summer fallow in 2009.
Tract 7 - 280 Acres with 117.4 under pivot. This tract includes a Reinke sprinkler and 1 well. The west 1/2 in wheat and southeast 1/4 in corn in 2009.
Tract 8 - 2,797 Acres with a USFS Kiowa Grasslands permit allowing grazing of 200 AUMs. The Buyer of Tract 7 will have the first opportunity to apply to lease the forest service land. Please contact the auction company for more details.
Tract 9 - 325 Acres with 220.9 under pivots. This tract includes a Reinke 8-tower sprinkler and Zimmatic 8-tower sprinkler with 3 wells. Corn, wheat and summer fallow in 2009.
Tract 10 - 675 Acres with 522.2 under pivots. This tract includes three Reinke 8-tower sprinklers and two Valley sprinklers with 6 wells. Corn and wheat in 2009.
Tract 11 - 950 Acres with 756.6 under pivots. This tract includes seven Reinke 8 or 10-tower sprinklers and 8 wells. Primarily corn with some wheat in 2009.
Tract 12 - 10 Acres - see detailed improvement descriptions to the right.
Tract 13 - 640 Acres with 483.8 under pivots. This tract includes three Reinke 8-tower sprinklers and a Valley 7-tower sprinkler with 2 wells. Corn, wheat and hay grazer in 2009.
Tract 14 - 753 Acres with 550.9 under pivots. This tract includes one Reinke 8-tower, one Butler 6-tower, two Valley 7-towers and one Valley 8-tower with 2 wells. Corn and wheat in 2009.
Tract 15 - 7 Acres - see detailed improvement descriptions to the right.
Tract 16 - 720 Acres with a USFS Kiowa Grasslands permit allowing 54 AUMs. The Buyer of Tract 17 will have the first opportunity to apply to lease the forest service land. Please contact the auction company for more details.
Tract 17 - 700 Acres with 426.8 under pivots. This tract includes two Reinke sprinklers and a Lockwood 12-tower sprinkler with 3 wells. Corn and wheat in 2009.
Tract 18 - See detailed improvement descriptions to the right pertaining to this 6 acre tract.
Tract 19 - See detailed improvement descriptions to the right pertaining to this 30 acre tract.

IMPROVEMENT DESCRIPTIONS:
TRACT 2 - STORAGE & GRAIN HANDLING FACILITY

Two Behlen 115,000 bushel upright grain bins

Behlen 465,000 bushel grain bin - New in 2008

GSI top dry 35,000 bushel upright grain dryer (2,500 bu./hr. capacity)

12,500 bushel upright wet grain bin

3,000 bu./hr. grain leg

5,000 bu./hr. grain leg

1,000 bu. Concrete in-ground dump pit

3,000 bu. Overhead truck load-out bin

10' X 70' above-ground truck scale & scale house
Tract 7

5 bedroom, 2 bath double wide with built on

Quonset Building

Pipe Corrals
Tract 12

1974 trailer home with 3 bedrooms, 2 bathrooms and attached two-car garage

60' X 156' Morton Machine Building

28' X 32' Shop

10' X 36' in-ground truck scale & scale house
Tract 15

1,440 square feet wood/stucco residence

1,600 square feet PE metal frame shop
Tract 18

1,481 square feet trailer home with two-car garage
Tract 19 - Feedyard

2,350 square feet brick home

1,898 square feet residence

5,550-head feedyard with 1990 renovations to pens

Concrete feed bunks - 4,130 linear feet

2 silage pits

18" X 36" R&R steam flake roller

6 concrete feed ingredient bays for raw feed material

Heated fat tank

2 liquid supplement tanks

110,000 bushel of dry grain storage in metal bins

Elevator leg and grain system

Scales & office

Livestock working facility

PROCEDURE: The property will be offered in 19 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to the seller's acceptance or rejection.
BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Company. Forms must be completed and returned no later than 48 hours prior to the auction.
CLOSING: Closing shall occur as soon as possible after applicable closing documents have been completed. Anticipated closing date is on or before December 18, 2009. Possession will be given at closing subject to any remaining rights of the current tenants.
TITLE: Seller shall furnish the buyer(s) at Seller's expense an Owner's Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).
REAL ESTATE TAXES AND ASSESSMENTS: The 2009 calendar year taxes shall be prorated to the date of closing and shall be paid by the Seller in the form of a credit to the Buyer at closing. Buyer will be responsible for all subsequent taxes. U.S. FOREST SERVICE GRASSLAND PERMITS: The Grassland Permits for tract #8 and tract #16 will be assigned to the Buyer at closing
EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all government leases.
SURVEY: AT THE SELLER'S OPTION, the Seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller unless such surveys are required by State or local law. The cost of the survey shall be paid by the Seller. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance and the transfer of merchantable title.
MINERAL RIGHTS: The sale of the property shall not include any mineral rights.
GROWING CROP: Buyer shall reimburse seller for growing crop costs. Contact auction company for more information.
AGENCY: Westchester Auctions, LLC and its representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval from Westchester Auctions, LLC.
SELLER: Colorado Ranch Holdings, LLC.