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UNDER CONTRACT - 640± AC CROPLAND, CRP & GRASS - LG CO., KS

$1,728,000.00
Colby, Kansas
Posted 1 year, 6 months ago
Expires in 0 minutes
176 Clicks

Description

LOCATION:  See map. SIGNS WILL BE POSTED!

CROPS: 

The W/2 will be planted to 2023 wheat.  The Buyer will receive $60.00 cash rent payment on these acres.

The E/2 is in wheat stubble. The Buyer will get possession at closing upon reimbursement to the tenant for spraying and   chemical expenses since 2022 wheat harvest.

FSA INFORMATION:     Cropland Acres -            593.17

                                            CRP Acres -                      23.90

                                            Grassland Acres -            22.93+   

                                   Base Acres             Yield

           Wheat                258.13                     42

           Corn                   128.47                     94

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

CRP INFORMATION:

There are 23.9 acres currently enrolled in CRP through 9/30/23 at $57.01 per acre for a total annual payment of $1,363.

Seller will retain 100% of 2022 CRP payment & Buyer will receive 100% of the 2023 CRP payment, which will accrue from Oct. 1, 2022 thru Sept. 30, 2023.

POSSESSION:  January 1, 2023.

MINERAL RIGHTS:   All of the Seller’s interest will transfer to the Buyer at closing.  

REAL ESTATE TAXES:  Taxes for 2022 will be prorated to the date of closing. (2021 taxes = $4,736.54)

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

 

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