Gary Ibach Trust Absolute Land Auction

Absolute Live Auction

Tuesday, November 17, 2026 • 1:00 PM

Custer County Fairgrounds • Broken Bow, Nebraska

Live Auction with Simulcast Online Bidding Available

MAP DISCLAIMER 

Maps are provided for illustrative purposes only. No warranty or representation is made regarding the accuracy of the maps or whether existing fences coincide with the actual property boundaries. 

TRACT 1 — 152.91 ACRES 

A well-located combination farm featuring dryland cropland and hardland pasture. The property is situated on the south side of Nebraska Highway 92, approximately four miles north of Mason City, with access from Mason Road. The cropland is fenced separately from the pasture. 

Livestock water is currently supplied by the well located on Tract 2. If Tracts 1 and 2 are sold to separate buyers, the buyer of Tract 1 will be responsible for reaching a water-use agreement with the buyer of Tract 2 or drilling a separate well. 

ACREAGE BREAKDOWN 

• Pasture: 121.66 acres 
• Dryland cropland: 29.25 acres 
• Roads: 2.00 acres 
• Total assessed acres: 152.91 acres 

2025 Taxes: $1,348.20 

Possession: Grassland at closing. Cropland on March 1, 2027. 

FSA Information: 18.78 grain sorghum base acres. Enrolled in ARC-County — Default. 

TRACT 2 — 157.97 ACRES 

Located east of Tract 1 along the south side of Nebraska Highway 92, this tract consists primarily of hardland pasture and includes an older residence and building site, a detached garage, and several smaller outbuildings. Fencing separates the cropland and homesite from the pasture. An electric well is located at the homesite. 

The property has access from Mason Road. The land lays well, with scattered areas of established trees providing protection for livestock. 

ACREAGE BREAKDOWN 

• Pasture: 138.04 acres 
• Dryland cropland: 13.92 acres 
• Roads: 4.01 acres 
• Homesite: 2.00 acres 
• Total acres: 157.97 acres 

2025 Taxes: $2,042.90 

Possession: Grassland and homesite at closing. Cropland on March 1, 2027. 

FSA Information: No base acres. 

 TRACT 3 — 436.09 ACRES 

A productive hardland pasture tract located immediately north of Nebraska Highway 92. Access is available from both Highway 92 and Mason Road. 

Livestock water is provided by an electric stock well and multiple water tanks. The tract also features several ponds, mature tree cover for livestock protection, and cross-fencing throughout the pasture. A cell phone tower is located on the property. 

ACREAGE BREAKDOWN 

• Grassland: 431.53 acres 
• Roads: 4.56 acres 
• Total acres: 436.09 acres 

2025 Taxes: $3,472.98 

Possession: At closing. 

TRACT 4 — 315.71 ACRES 

This diverse tract combines pivot-irrigated cropland, dryland cropland, and hardland pasture. It is located north of Nebraska Highway 92, with access from the highway and an adjoining minimum-maintenance road. 

The gently rolling cropland consists of approximately 80% Coly and Uly-Coly silt loam soils and 20% Hord and Holdrege silt loam soils. 

The irrigated ground is served by a 2000 Reinke nine-tower electric center pivot that completes a full circle. The irrigation well is powered by a John Deere diesel power unit and a 1,000-gallon fuel tank, both of which will convey with the property. 

An electric stock well is located in the southwest corner of the farm. A livestock tank in the northern portion of the tract is supplied by the stock well located on Tract 5. Established trees provide protection for livestock on the pastureland. The cropland is fenced separately from the grassland, allowing for summertime grazing. 

ACREAGE BREAKDOWN 

• Grassland: 164.10 acres 
• Dryland cropland: 37.62 acres 
• Pivot-irrigated cropland: 113.00 acres 
• Roads: 0.99 acre 
• Total acres: 315.71 acres 

2025 Taxes: $5,515.40 

Possession: Grassland at closing. Cropland on March 1, 2027. 

Well Information: Registration No. G-0311751; 1,100 GPM; 89-foot static water level; 114-foot pumping level; 8-inch column; and 214-foot well depth. 

NRD Information: Lower Loup Natural Resources District; 104 certified irrigated acres. 

FSA Information: 16.70 wheat base acres, 128.80 corn base acres, and 5.12 grain sorghum base acres. Enrolled in ARC-County — Default. 

TRACT 5 — 813.76 ACRES 

A large, contiguous tract of hardland pasture located directly north of Tract 4. The property consists of three tax parcels and has access from two minimum-maintenance roads: 791 Road and 458 Road. 

Improvements include centrally located cattle catch pens and two electric stock wells supplying several livestock tanks throughout the property. Many of the panels and pens belong to the tenant and will not convey with the land. The pasture is cross-fenced into four paddocks to assist with rotational grazing and livestock management. 

ACREAGE BREAKDOWN 

• Grassland: 813.41 acres 
• Roads: 0.35 acre 
• Total acres: 813.76 acres 

2025 Taxes: $5,992.40 

Possession: At closing. 

 TRACT 6 — APPROXIMATELY 743 ACRES 

TO BE SURVEYED 

A large tract of productive hardland pasture located between Tracts 5 and 7. The pasture lays well and has access from 793 Road to the north. This tract provides a substantial amount of clean, usable grazing land and is cross-fenced into five paddocks for rotational grazing. 

The final acreage and boundaries will be determined by survey. 

Livestock water is currently supplied by the well located on Tract 8. If Tracts 6 and 8 are sold to separate buyers, the buyer of Tract 6 will be responsible for reaching a water-use agreement with the buyer of Tract 8 or drilling a separate well. 

ESTIMATED ACREAGE BREAKDOWN 

• Grassland: Approximately 742 acres 
• Roads and access: Approximately 1 acre 
• Estimated total acres: Approximately 743 acres 

2025 Taxes: Approximately $5,233.68, subject to adjustment following completion of the survey. 

Possession: At closing. 

 TRACT 7 — APPROXIMATELY 383 ACRES 

TO BE SURVEYED 

A productive farm featuring pivot-irrigated cropland and surrounding dryland cropland. The adjacent pastureland and improved homesite are being divided between Tracts 6 and 8 by survey. 

Access is available from 793 Road and 461 Road. 

The irrigated ground is served by a 1980 Valley 13-tower electric center pivot and an electric irrigation well. The surrounding dryland cropland lies on gently rolling terrain. Soils consist of approximately 36% Coly silt loam, with the balance consisting predominantly of Holdrege, Hobbs, and Cozad silt loams. 

The final acreage and boundaries will be determined by survey. 

ESTIMATED ACREAGE BREAKDOWN 

• Pivot-irrigated cropland: Approximately 230.00 acres 
• Dryland cropland: Approximately 148 acres 
• Roads: Approximately 5 acres 
• Estimated total acres: Approximately 383.00 acres 
•  

2025 Taxes: To be determined following completion of the survey. 

Possession: March 1, 2027. 

Well Information: Registration No. G-132824; drilled May 20, 1997; 1,200 GPM; 57-foot static water level; 172-foot pumping level; 8-inch column; 190-foot pump depth; and 480-foot well depth. 

NRD Information: Lower Loup Natural Resources District; 230 certified irrigated acres. 

FSA Information: 13.27 wheat base acres, 206.38 corn base acres, and 9.85 grain sorghum base acres. Enrolled in ARC-County — Default. 

 TRACT 8 — APPROXIMATELY 83 ACRES 

TO BE SURVEYED 

Tract 8 features the improved ranch headquarters, residence, outbuildings, cattle-working facilities, livestock lots, and associated land. The final acreage and boundaries will be established by survey. 

The residence was originally constructed in 1910, with major additions and improvements completed in 2006. It offers approximately 2,439 square feet of living space across the main and upper floors, including six bedrooms and three bathrooms. Four bedrooms are located on the main floor, with two additional bedrooms upstairs. 

The roof was replaced approximately two years ago. The kitchen features wood cabinetry and heated tile flooring. The property also includes a single-car attached garage with insulated office space. 

The cattle-working facilities are exceptionally well designed and equipped. The property provides the space and access needed to unload semi cattle pots and maneuver trucks throughout the yard. The facilities feature an extensive amount of modern cattle-working equipment, a concrete working alley, and holding pens beneath the lean-to on the south side of the building. The finished portion of the building includes an indoor head catch and panels for treating and doctoring cattle. 

OUTBUILDINGS AND CATTLE FACILITIES 

• Approximately 7,020-square-foot Cleary building 
• Partially finished and insulated office area 
• HiQual hydraulic squeeze chute 
• HiQual cattle tub and alleyway 
• Exterior concrete working lane 
• Holding pens beneath the attached lean-to 
• Approximately 1,792-square-foot steel building 
• Eight livestock lots configured for sorting and feeding cattle 
•  

The tract also includes land located across the road that has historically been used for silage and hay storage. This area is primarily wooded and includes several acres of native prairie grass. 

2025 Taxes: To be determined following completion of the survey. 

Possession: At closing. 

AUCTION TERMS & CONDITIONS 

Method of Sale: 

The property will sell at a Live Absolute No Reserve Auction. Online bidding will be available with prior registration and approval. The property will be offered in 8 tracts and combinations. 

Tract & Combination Bidding: 

The property will be offered in individual tracts and combinations. The auction company reserves the right to determine the order and manner in which tracts and combinations are offered. The final sale configuration will be determined at the conclusion of bidding. 

Payment: 

The winning bidder will be required to make a non-refundable down payment for each tract on the day of the auction and sign an Adam Marshall Land & Auction, LLC purchase agreement. Wire transfer, certified check, or personal check will be accepted. The balance will be due at closing. 

Down payments will be $50,000 each for Tracts 1, 2, and 8 and $100,000 each for Tracts 3–7. 

Closing: 

Closing will take place on or before December 17, 2026. 

Possession: 

Full possession of the property will be given upon closing, subject to any current leases. 

Financing: 

This sale is NOT contingent upon the buyer obtaining financing. Prospective buyers should make all financial arrangements prior to the auction. 

Condition: 

The property is selling in “AS-IS” condition. There are no warranties expressed or implied as to the condition of the property. 

Taxes: 

2026 real estate taxes will be paid by the seller. 2027 real estate taxes will be paid by the buyer. 

Rent: 

All rental income for 2026 will belong to the seller. 

Title: 

Seller will convey title by warranty deed. Merchantable title will be made available. The cost of title insurance and escrow closing fees will be divided equally between the buyer and seller. 

Agency: 

All representatives of Adam Marshall Land & Auction, LLC are acting as agents of the seller. 

Online Registration: 

Online bidders must sign a bidder terms agreement and submit it to the auction company before being approved to bid. 

Disclaimer: 

All information is deemed reliable but is not guaranteed. Buyers are urged to inspect the property and rely upon their own inspections, due diligence, and conclusions. All maps, aerials, acreage illustrations, and boundary lines are for illustrative purposes only and are not intended to represent an actual survey. Existing fence lines may not be located on the actual property boundaries. Announcements made the day of the auction will take precedence over any information provided herein.