OVERVIEW: Seldom does a land holding of this size and quality become available for sale in Yuma County, Colorado and/or in the Tri State area. A total of 9,238.7+/- acres will be offered for sale at auction including 7,882.5+/- acres deeded pasture, 301.0+/- acres CO State Lease pasture, 249.5+/- acres pivot irrigated, & 805.7+/- acres dryland. The Brophy property is located 12 17 miles north of Eckley, Colorado in northern Yuma County. Possession of the pasture will be upon closing. Possession of pivot irrigated after completion of corn stalk grazing. Parcel #6 is level irrigated by pivot with excellent water and equipment and is highly productive. Parcels #8 - #10B are productive dryland which seldom becomes available for sale in the area. Parcels #2A - #7B is a block of 7,882.5+/- acres of pasture with 124.3+/- acres of pivot irrigated in the middle to raise feed. Our auction bidding format will allow buying opportunities to purchase tracts varying in size from 160 acres to 1,000+ acres and 3,000+ acres to 8,000+ acres and will be offered for sale in 16 parcels, 6 combos, south unit, north unit, single unit, and dryland unit. In addition, the Seller is conveying their share of the minerals and rights to producing gas wells on Parcels #2A - #6 and conveying 50% of their share of the minerals and rights to producing gas wells on Parcels #7A - #10B.

9,238.7+/- acres total

7,882.5+/- acres deeded pasture

301+/- acre CO State Lease pasture

249.5+/- acres irrigated 2 pivots 2 irrigation wells

805.7+/- acres dryland

N Yuma County, Colorado

Located 12 to 17+/- mi north of Eckley, Colorado

Possession pasture upon closing

Possession of pivot irrigated after completion of corn stalk grazing

17 Livestock wells submersible windmills solar

Seller to convey Owners share of minerals (including producing gas wells) on Parcels #2A - #6.

Seller to reserve 50% of Owners share of minerals (including gas wells) on Parcels #1, #7A - #10B.

Offered in 16 Parcels, 6 Combos, South Unit, North Unit, Single Unit, and Dryland Unit

Tract size varies in acreages from 160 ac to 1,000+, to 3,000+ to 8,000+ acres

PARCEL #1 - PIVOT IRRIGATED: 157.1+/- FSA ac; 125.2+/- ac pivot irrigated, 31.9+/- ac dryland corners; Legal: NW1/4 of 5, T3N, R46W; Level terrain; Haxtun sandy loam soils w/small area of Ascalon fine sandy loam soils; Irrigation final well permit #6664-FP adjudicated for 400 ac ft to irrigate 160 ac; 75 hp GE electric motor, Fairbanks pump & 8 tower Reinke pivot; FSA base: 130.0 ac corn w/199 bu PLC yield, 26.9 ac wheat w/44 bu PLC yield; WYMD Assessment: $20; RRWCD Assessment: $1,885; 1 submersible well; R/E taxes: $3,115.66.

PARCEL #2A - PASTURE: 1,120.2+/- ac pasture; 819.2+/- ac deeded pasture, 301.0+/- ac CO State Lease; Legal: Pt of 16, 17, 18, 20, 21, T4N, R45W; CO State Lease #47288 expires May 25, 2024; Ranch home & misc buildings located on lease; pole barn, livestock well, working facilities and corrals located on deeded; 3 submersible wells & windmill; 2018 R/E taxes: $681.90.

PARCEL #2B - PASTURE: 1,151.2+/- ac pasture; Legal: Pt of 20, 28, 29, 32, T4N, R45W; 3 submersible wells; 2018 R/E taxes: $958.26.

COMBO #2 - (PARCELS #2A & #2B) - PASTURE: 2,271.4+/- ac pasture; 1,970.4+/- ac deeded pasture, 301.0+/- ac CO State Lease; 6 submersible wells & 1 windmill; 2018 R/E taxes: $1,640.16.

PARCEL #3A - PASTURE: 745.8+/- ac pasture; Legal: Pt of 18, 19, T4N, R45W & Pt of 13, T4N, R46W; 1 submersible well & 1 windmill, 2018 R/E taxes: $620.80.

PARCEL #3B - PASTURE: 938.9+/- ac pasture; Legal: Pt of 13, 24, T4N, R46W & Pt of 18, 19, T4N, R45W; 2 submersible wells, 2018 R/E taxes: $781.54.

COMBO #3 - (PARCELS #3A & #3B) - PASTURE: 1,684.7+/- ac pasture; 3 submersible wells & 1 windmill; 2018 R/E taxes: $1,402.34.

SOUTH UNIT- (PARCELS #2A, #2B, #3A, & #3B) - PASTURE: 3,956.1+/- ac pasture; 3,655.1+/- ac deeded pasture, 301.0+/- ac CO State Lease; 9 submersible wells & 2 windmills; 2018 R/E taxes: $3,042.51.

PARCEL #4A - PASTURE: 534.9+/- ac pasture; Legal: Pt of 7, 8, 17, 18, T4N, R45W; 1 submersible well; 2018 R/E taxes: $445.25.

PARCEL #4B - PASTURE: 1,511.4+/- ac pasture; Legal: Pt of 5, 6, 7, 8, T4N, R45W & Pt of 1, T4N, R46W; 1 submersible well & 1 solar well; 2018 R/E taxes: $1,258.09.

COMBO #4 - (PARCELS #4A & #4B) - PASTURE: 2,046.3+/- ac pasture; 2 submersible wells & 1 solar well; 2018 R/E taxes: $1,703.34.

PARCEL #5 - PASTURE: 1,113+/- ac pasture; Legal: Pt of 7, 18, T4N, R45W & Pt of 1, 12, 13, T4N, R46W; 2 submersible wells; 2018 R/E taxes: $926.46.

NORTH UNIT - (PARCELS #4A, #4B, & #5) - PASTURE: 3,159.3+/- ac pasture; 4 submersible wells & 1 solar well; 2018 R/E taxes: $2,629.80.

PARCEL #6 - PIVOT IRRIGATED: 144.8+/- ac; 124.3+/- ac pivot irrigated, 20.5+/- ac pasture corners; Legal: Pt of 7, 18, T4N, R45W; rolling terrain; Julesburg loamy sand and Valent sand soils; Irrigation final well permit #17727-FP adjudicated for 400 ac ft to irrigate 160 ac; 125 hp Emerson electric motor, Worthington pump & 8 tower Zimmatic pivot; SHMD Assessment: $60; RRWCD Assessment: $1,856; R/E taxes: $2,698.56.

SINGLE UNIT- (PARCELS #2A , #2B, #3A, #3B, #4A, #4B, #5, & #6) - PASTURE & PIVOT IRRIGATED: 7,260.20+/- ac; 6,834.9+/- ac deeded pasture, 301.0+/- ac CO State Lease, 124.3+/- ac pivot irrigated; 125 hp electric motor, Worthington pump & 8 tower Zimmatic pivot; SHMD Assessment: $60; RRWCD Assessment: $1,856; 13 submersible wells, 2 windmills, & 1 solar; 2018 R/E taxes: $8,370.87.

PARCEL #7A - PASTURE: 894.0+/- ac pasture; Legal: Pt of 22, N1/2 & SE1/4 of 26, N1/2 27, T4N, R46W; 1 submersible well & 1 windmill; 2018 R/E taxes: $759.42.

PARCEL #7B - PASTURE: 153.6+/- ac pasture; Legal: NE1/4 of 22, T4N, R46W; No water; 2018 R/E taxes: $139.14.

COMBO #7 - (PARCELS #7A & #7B) - PASTURE: 1,047.6+/- ac pasture; 1 submersible well & 1 windmill; 2018 R/E taxes: $898.56.

PARCEL #8 - DRYLAND: 155.9+/- ac dryland; Legal: SE1/4 of 18, T4N, R46W; Primarily Ascalon fine sandy loam w/areas of Haxtun sandy loam & Platner loam; 155.9+/- ac summertill to be planted; FSA base: 88.3 ac wheat w/44 bu PLC yield, 5.7 ac corn w/199 bu PLC yield; R/E Taxes: $311.82.

PARCEL #9A - DRYLAND: 155.0+/- ac dryland; Legal: NE1/4 of 20, T4N, R46W; Manter & Haxtun sandy loam, Rago loam & loam, & Ascalon fine sandy loam soils; 77.5+/- ac summertill to be planted, 77.5+/- ac wheat stubble; FSA base: 88.3 ac wheat w/26 bu PLC yield; R/E Taxes: $314.32.

PARCEL #9B - DRYLAND: 155.6+/- ac dryland; Legal: SE1/4 of 20, T4N, R46W; Rago, Iliff, & Platner loam soils; 155.6+/- ac wheat stubble; FSA base: 86.7 ac wheat w/26 bu PLC yield;

R/E Taxes: $314.32.

COMBO #9 - (PARCELS #9A & #9B) DRYLAND: 310.6+/- ac dryland; 77.5+/- ac summertill to be planted, 233.1+/- ac wheat stubble; FSA base: 175 ac wheat w/ 26 bu PLC yield;

R/E Taxes: $628.64.

PARCEL #10A - DRYLAND: 152.7+/- ac dryland; Legal: SW1/4 of 29, T4N, R46W; Haxtun sandy loam, Canyon-Dioxice complex, & Platner loam soils; 152.7+/- ac summertill to be planted; FSA base: 85.6 ac wheat w/26 bu PLC yield; R/E Taxes: $309.32.

PARCEL #10B - DRYLAND: 154.6+/- ac dryland; Legal: SE1/4 of 29, T4N, R46W; Haxtun sandy loam & loamy sand, Ascalon fine sandy loam & Canyon-Dioxice complex soils; 154.6+/- ac summertill to be planted; FSA base: 85.8 ac wheat w/26 bu PLC yield; R/E Taxes: $309.32.

COMBO #10 - (PARCELS #10A & #10B) - DRYLAND: 307.3+/- ac dryland; 307.3+/- ac summertill to be planted, FSA base: 171.4 ac wheat w/ 26 bu PLC yield; R/E Taxes: $618.64.

DRYLAND UNIT (PARCELS #8, #9A, #9B, #10A, & #10B) - DRYLAND: 773.8+/- ac dryland; 540.7+/- ac summertill to be planted, 233.1+/- ac wheat stubble; FSA base: 434.7 ac wheat w/ 26 & 44 bu PLC yield, 5.7 ac corn w/199 bu PLC yield; R/E Taxes: $1,559.10.