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AUCTION - Thursday, March 8, 2012 at 7:00pm -- 109.97 Acres Lyon County Cropland

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Uploaded on Feb 7, 2012

109.97 ACRES LYON COUNTY CROPLAND

Seller: Gary & Patty Stanford

Thursday, March 8, 2012 at 7:00pm

GRIFFIN REAL ESTATE & AUCTION

305 Broadway
Cottonwood Falls, KS 66845
620-273-6421
www.GriffinRealEstateAuction.com

Auctioneer's Note: Attention ag producers and investors! Gary and Patty are presenting you with an opportunity you have been looking for. Production cropland with no l eases, 99% farmable cropland, easy access from county road, a no-till program that has been in place for 30 years providing top soil growth, and free and clean of competitive plants. Cropland ready to work for you isn't always available. COME TAKE A LOOK AND CONSIDER THIS AG INVESTMENT!

AUCTION LOCATION: BEST WESTERN HOTEL -- FLINT HILLS ROOM (3021 WEST HWY 50), EMPORIA, KANSAS 66801

AUCTION DATE: THURSDAY, MARCH 8, 2012 AT 7:00PM

REAL ESTATE

PROPERTY LOCATION: From the junction of Hwy 99 & Hwy 56 north of Emporia, KS, take Hwy 56 three miles east to Rd U, then two miles north to Rd 360, then east one mile to the northwest corner of property. From Admire exit on I-335 (Kansas Turnpike), approximately one mile west to Rd U.

LEGAL: The W/2 of the NW Frac./4 Sec. 7, Twp. 16 S Rge. 13 East of the 6th PM, except a tract 6 rods wide on the west line of the NW/4 of the NW/4 of said Sec. 7, also except road. Also Lot 1 & 2 except the East 60 rods thereof and except road in the NW frac/4 of Sec. 7, Twp. 16, Rge. 13 East of the 6th PM Lyon Co., KS.

109.97 Taxable Acres

TAXES: $691.58 -- Minerals: Sellers have a 20 year mineral reservation, there is no production on this property.

GENERAL DESCRIPTION: Have you been looking for cropland, but haven't wanted to pay for the non productive acres? Look no further -- this property is ready to work for you. Only 0.1 acres of this property is in draw and timber. This tract lies in the Elm Creek Valley yet very little acreage floods in normal times. Here is cropland that has been gaining Top Soil -- not losing it! Property has been no-tilled for 30 years. Cropland is clean and ready to produce for you. The land slopes slightly on the northeast and lays out in flat long rows on the south and west. Soils are Ca-Chase Silty Clay Loam, Oc-Osage Silty Clay, Ea-Elmont Silt Loam 1-4% slope.

FSA INFO Base Acres CC Yield
Wheat 7.4 34
Corn 21.5 66
Grain Sorghum 53.8 62
Soybeans 12.4 27

TOTAL 95.1

Cropland has not been in the farm program. Approximate payment would be $1,566.49.

CROPLAND ACRES: Presently farmed 105.47

CRP: 4.40 acres along draw. Payment is $246.00 annually. Contract ends 2017.

INSPECTION: Anytime by calling numbers listed below.

TERMS: $30,000.00 earnest money deposit due upon signing of contract evening of auction. Balance due on or before April 4, 2012 at which time buyer will receive Kansas Warranty Deed. Title insurance policy shall be split 50-50 between seller and buyer for owners policy. 2012 taxes shall be the responsibility of the buyer. Buyer receives property free and clear with no leases encumbering the property. Early possession for field work can be considered with qualified buyer. All financing arrangements must be made prior to the auction. All statements made evening of the auction take precedence over advertisements.

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