LEGAL DESCRIPTION: NW/4 of 25-13-24
LOCATION: From I-70 Exit 127 at Wakeeney, Kansas, go 8 miles South to Q Road, and 2 miles West to the NE corner of the property. SIGNS WILL BE POSTED!
MINERAL RIGHTS: Mineral rights are believed to be 100% intact. The Seller will retain of the mineral rights for a term of 10 years, or for as long as production, if any, exists. Said reservation will be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties.
CROPS: Land is planted to wheat and is subject to the tenants rights. Buyer will receive the landlords 1/3rd share of the wheat if it is harvested after the date of closing, and Buyer would reimburse the tenant for the landlords 1/3rd share of the applicable cropping expenses, if any.
FSA INFORMATION: Cropland acres - 155.16
Base Acres DCP Yld
Wheat 51.6 33
Corn ...
Corn 51.6 47
Grain Sorghum 25.8 44
Buyer will receive the landlords 1/3rd share of all FSA payments associated with the 2013 crop year. All FSA payments associated with the 2014 crop year, if any, will follow the crop(s).
POSSESSION: Date of closing, subject to the tenants right to harvest the 2013 growing wheat crop.
TAXES: Seller will pay taxes for 2012 and prior years. Taxes for 2013 will be responsibility of the Buyer. (2012 taxes = $479.68)
PRICE: $496,000
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