TERMS: Buyer(s) will pay 10% down day of sale, with the balance to be paid on or before April 13, 2012, or upon such terms as may be acceptable to the Seller. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Land is subject to prior sale and all bids are subject to Seller confirmation. Announcements made day of sale take precedence over printed material and previously made oral statements.

BROKER PARTICIPATION: A participating brokers commission will be offered to any licensed real estate broker who registers a customer/client who is the winning bidder and closes the transaction on any tract(s). This buyer broker fee will apply only to buyer prospects who are not legal residents or real estate owners in Kit Carson and Cheyenne Counties in Colorado, and in Sherman, Thomas, Wallace and Logan Counties in Kansas. Registrations will not be allowed for previous auction buyers, or from an agent whose prospect has previously contacted, or has been contacted by Farm & Ranch Realty, Inc., the seller and/or their representatives. Broker registration forms are available from the auction company and must be completed and returned no later than 72 hours prior to the auction.

MINERAL RIGHTS: Seller will transfer surface rights only to the Buyer(s) at closing.

WIND RIGHTS: Wind rights on Tracts 26 thru 34 are subject to a current wind lease and will be retained by the Seller. All other wind rights will transfer to the Buyer(s) at closing.

CROPS: All crops are subject to the tenants rights through the end of the 2012 harvest. Buyer(s) will receive the landlords share of all 2012 crops under the terms and conditions of the lease agreements. All lease agreements will terminate at the end of the 2012 harvest. Copies available upon request. ALL TENANTS ARE INTERESTED IN CONTINUING WITH A LEASE ARRANGEMENT WITH THE BUYER(S).

FSA INFORMATION: Buyer(s) will receive the landlords share of all FSA payments associated with the 2012 crop year. See chart below for base acreages.

CLOSING: On or before April 13, 2012.

POSSESSION: Subject to the terms and conditions of the current lease agreements on all properties except Tracts 11 and 12 where possession will be the date of closing.

REAL ESTATE TAXES: Seller will pay taxes for 2011 and prior years. 2012 taxes will be the responsibility of the Buyer(s). See chart on back for 2011 tax amounts.

ACREAGES: Acreage figures are considered to be approximate and are from reliable sources, based on (USDA) FSA figures. All FSA information is subject to change. FSA and deeded acres may not be the same.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied. Statements, while not guaranteed, are from reliable sources.

ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Farm & Ranch real estate purchase contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.

EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Seller. Title evidence will be provided on sale day

EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not, and to oil and gas leases of record.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.

INTERNET BIDDING AVAILABLE

BIDDING OPENS MARCH 1, 2012

Call Farm & Ranch for details and to place your bids!

IRRIGATION INFORMATION: Tracts 12, 14, 15, 19, 20, 24, 26, 35 and 39 are sprinkler irrigated. All irrigation equipment including 15 center pivot sprinklers are included in the sale. Detailed information on the equipment, well permits and water volume will be available on our website.

Tract 28 includes a farmstead with modern, brick ranch home, shop and other outbuildings, along with approximately 190 acres of pasture. Details available on our website Contact Farm & Ranch for a tour of the house.

AUCTIONEERS NOTE: Hudye Farms U.S., Inc. is pursuing other opportunities in business. therefore they are offering these select farms at public auction. These are premier dryland and irrigated farms being offered in 42 separate tracts. The buyers may assemble as many parcels as desired at the auction from 1 to all 42 tracts! The sale is subject to prior sale in its entirety and the auction is being conducted subject to sellers approval on the day of the sale. The farms have tract signs for your convenience. All of the farms are under agricultural leases thru the 2012 growing season, with the buyers to receive the landlords share of the 2012 crop at no expense for cropping to the buyers. The tenants were hand-picked by Ben Hudye and are some of the best operators in the area.

Be sure to attend the information meeting scheduled for March 2nd at the Burlington Community Center in Burlington, Colorado. Dont miss this once-in-a-lifetime opportunity to purchase a farm of this magnitude!