LEGAL DESCRIPTION:  N/2 of Section 12-10-20, less a tract

LOCATION:  From Palco, Kansas, go 3½ miles East on K-18 to Road 7, then 2 miles South to the NE corner of the property.  SIGNS WILL BE POSTED!!

CROPS:  There are no growing crops.

POSSESSION:  Negotiable – Call Neal for details!

FSA INFORMATION: Cropland Acres:  157.81

                                     CRP Acres:            36.33

                                     Grass Acres:        115.86+

                              Base Acres               Yield

     Wheat                    55.5                        31

     Grain Sorghum      34.6                         50

Any future FSA payments will follow the crops and will be paid pursuant to FSA regulations.

CRP INFORMATION: CRP acres – 36.33

                  Per acre - $41.17

                  Annual payment - $1,494

                  Expiration date – 9/30/2022

Seller’s 1/3rd share of the 2021 CRP payment, which will accrue from October 1, 2020 through September 30, 2021, will be prorated to the date of closing.

MINERAL RIGHTS: Mineral rights are subject to a prior reservation of record, and Seller will transfer surface rights only to the Buyer at closing.

REAL ESTATE TAXES:  Seller will pay taxes for all of 2020 and prior years.  Taxes for 2021 will be prorated to the date of closing. (2020 taxes = $2,363.44)

Farm & Ranch Realty, Inc.
Donald L. Hazlett, Broker
1-800-247-7863
www.farmandranchrealty.com