LEGAL DESCRIPTIONS:
TRACT 1: S/2 OF 11-17-38, ALL THE GRASSLAND ACRES IN SECTION 14-17-38 &
IN THE NE/4 OF SECTION 15-17-38 - SOLD
TRACT 2: CROPLAND ACRES IN SECTION 14-17-38
TRACT 3: CROPLAND ACRES IN NE/4 OF 15-17-38
TRACT 4: SE/4 OF 24-17-38 AND SW/4 OF 19-17-37 - SOLD
TRACT 5: N/2NW/4 OF 25-17-38
LAND LOCATION: From the intersection of Hwys 96 and 25 in Leoti, Kansas, go 6 miles West, and 5 miles North to the SW corner of Tract 5. SIGNS WILL BE POSTED!
MINERAL RIGHTS: All of Sellers interest will transfer to the Buyer(s) at closing.
CROPS: Crops are subject to a crop share lease agreement to March 1, 2018, with the current tenant. Buyer(s) will receive the landlords share of all 2012 and future years crops under the lease.
FSA PAYMENTS: Buyer(s) will receive the landlords share of all FSA payments associated with the 2012 crop year.
POSSESSION: Date of clo...
POSSESSION: Date of closing, subject to the tenants rights.
REAL ESTATE TAXES: Taxes for 2011 will be prorated to the date of closing.
See chart below for 2010 taxes.
PRICE: Tract 2: $1,145,000
Tract 3: $216,000
Tract 5: $144,000
TOTAL PRICE: $1,050,00
IRRIGATION INFORMATION
WATER RIGHTS: There are THREE irrigation wells on this property.
TRACT 2: File # 4,130 is permitted for 348 AF at 1008 GPM
File # 16,444 is permitted for 320 AF at 1170 GPM
SPRINKLER ON TRACT 2 IS NOZZLED AT 1,000 GPM
TRACT 3: File # 10251 is permitted for 590 AF at 1445 GPM
SPRINKLER ON TRACT 3 IS NOZZLED AT 500 GPM
IRRIGATION EQUIPMENT: (Owned by Tenant)
TRACT 2: Valley 8,000 10-tower sprinkler & 2 motors
TRACT 3: Valley 6,000 7-tower sprinkler & 1 motor
BROKERS NOTE: This is one of the most attractive, well-kept farms in Western Kansas! It offers 635 acres of grassland, three irrigated quarters & dryland cropland all within a mile of one another! The sprinklers are nozzled at 500 GPM & 1,000 GPM. The land lays near level, is serviced by good gravel roads & is close to great markets at the feedyards & local elevators. This farm offers extensive depreciable property under Section 179 of the tax code for the buyers. The landlords share of this years corn crop is available if purchased prior to harvest. Each tract is priced individually--the grassland can be purchased separately.
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