LAND LOCATION: From the intersection of Hwy 400 & 131 Spur at Bucklin, KS, go ¼ mi. West to the SE corner of the property. SIGNS WILL BE POSTED!
MANNER OF SALE: The 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 May 4, 2023, or upon such terms as may be acceptable to the Sellers. 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: Buyer will receive the landlord’s 1/3rd share of the 2023 wheat crop, pay the landlord’s 1/3rd share of the fertilizer and crop insurance, and reimburse the tenant for spraying the open cropland acres.
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: Mineral right are believed to be 100% intact per research by the title company. All of the Sellers’ interest will transfer to the Buyer at closing.
WIND LEASE: There is a wind lease of record. Call Travis for details.
CLOSING: Closing will be on or before May 4, 2023.
POSSESSION: Date of closing on the open acres and after the 2023 wheat harvest on the acres planted to wheat.
REAL ESTATE TAXES: Seller will pay taxes for 2022 and prior years. Taxes for 2023 will be paid by the Buyer. See chart for 2022 tax amounts.
Farm & Ranch Realty, Inc.
Donald L. Hazlett, Broker