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Colby, Kansas
Posted 1 month ago
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LAND LOCATION: See map for directions.  SIGNS WILL BE POSTED!

MANNER OF SALE:  This real estate will be offered in 1 individual tract only. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: 10% down day of sale, with the balance to be paid on or before January 18, 2023, 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 an identified title/escrow company.  Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements.

CROPS:  There 128 acres planted to wheat. Buyer will receive 100% of the 2023 wheat crop.

CROP INSURANCE:  There is crop insurance on the 2023 wheat.  Buyer will pay the premium and receive any benefits therefrom.

CRP PAYMENTS: Buyer will receive the 2023 CRP payment that accrues Oct. 1, 2022 thru Sept. 30, 2023 and all future payments.

FSA INFORMATION: Any future FSA payments will follow the crops and will be paid pursuant to FSA regulations. See chart for FSA cropland acres, base acres and yields.

MINERAL RIGHTS:  Seller will retain 50% of the existing mineral rights perpetually.

WIND RIGHTS:  The Seller will retain 50% of any future income from a PENDING wind lease if it is filed prior to the closing date.

CLOSING:  On or before January 18, 2023.

POSSESSION:  Date of closing.

TAXES:  Taxes for 2023 will be prorated to the date of closing. See chart for 2022 tax amounts.

Farm & Ranch Realty, Inc.
Donald L. Hazlett, Broker

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