LEGAL DESCRIPTION:

N/2 and SW/4 of section 5-26-41

LOCATION: From the intersection of Hwys 27 & 50 at Syracuse, go 10 ¾ miles South to CO RD 31, then go 3 miles West to CO RD M to the NE corner of property. SIGNS WILL BE POSTED!!

CROPS: Seller will retain the landlord’s 27.5% share of the 2026 wheat crop. Buyer will receive the landlord’s 27.5% share of the 2026 corn and milo crops at no expense to the Buyer. Crop insurance premiums on the corn & milo crops will transfer to the Buyer at closing and Buyer will pay the Landlord’s 27.5% share of the premium and receive any benefits therefrom.

CROP INSURANCE: Crop insurance is carried through Farm Bureau in Syracuse, Kansas, and Seller will transfer the Landlord’s 27.5% share of the crop insurance to the Buyer at closing and Buyer will pay the Landlord’s 27.5% share of the premium and receive any benefits therefrom.

POSSESSION: Date of closing, subject to the tenant’s rights.

FSA INFORMATION:  

                                    CROPLAND ACRES: 358.01

CRP ACRES: 124.31

GRASSLAND ACRES: 64.82±

                                         BASE             YIELD

           WHEAT                 256.80             25

           GR. SOR.                 6.60              47

           BARLEY                13.60              27

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

CRP INFORMATION: The 2026 CRP payments which will accrue from 10/1/2025 thru 9/30/2026, will be prorated to the date of closing.

·       Contract Acres 112.85

·       Per Acre $31.40

·       Annual Pmt. $3,543

·       Exp. Date 9/30/2032

·       Contract Acres 11.46

·       Per Acre $30.90

·       Annual Pmt. $354

·       Exp. Date 9/30/2032

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

REAL ESTATE TAXES: Taxes for 2026 will be prorated to date of closing. (2025 taxes = $293.38)

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