Auctions

Event: Auction: 1,280 +/- Acres Ness & Hodgeman Co., Ks

Auction: 1,280 +/- Acres Ness &  Hodgeman Co., Ks
Sep
18
Sale Bill

For: Matthews Land Company, LLC
Date: Monday, September 18th, 2017
Auction Location: Ness City American Legion- 104 S Kansas Ave, Ness City, KS 67560
Time: 9:00 A.M.
Auction Location: King Center- 608 Main St, Jetmore, KS 67854
Time: 3:00 P.M.

Tract I Legal Description
Northeast Quarter (NE/4) of Section Fifteen (15) Township Eighteen (18) South, Range Twenty-Two (22) West of the 6th P.M. Ness County, Ks
F.S.A. Information
158 Acres Cultivation
General Information Approx. 53 acres S.F. Wheat, 53 Acres C.C. Wheat & 53 Acres G.S.

Tract II Legal Description
Southeast Quarter (SE/4) of Section Fifteen (15) Township Eighteen (18) South, Range Twenty-Two (22) West of the 6th P.M. Ness County, Ks
F.S.A. Information
159.05 Acres Cultivation
General Information
Approx. 53 acres S.F. Wheat, 53 Acres C.C. Wheat & 53 Acres G.S.

Tract III Legal Description
Northwest Quarter (NW/4) of Section Eighteen (18) Township Eighteen (18) South, Range Twenty-Three (23) West of the 6th P.M. Ness County, Ks
F.S.A. Information
150.79 Acres Cultivation
General Information
Approx. 51 Acres S.F. Wheat, C.C. Wheat acreage to be announced

Tract IV Legal Description
Northwest Quarter (NW/4) of Section Sixteen (16) Township Eighteen (18) South, Range Twenty-Four (24) West of the 6th P.M. Ness County, Ks
F.S.A. Information
108.84 Acres Cultivation (Summer fallow Wheat)
46.67 Acres Grassland/Lease Roads
General Information
There is an excellent hunting opportunity with the water and trees. This tract also has one producing oil well producing from the Cherokee formation. Production in 2013- 1,470 bbls, 2014- 1,635 bbls, 2015- 1,465bbls, and 2016- 1,315bbls. Sellers conveying 0.125 Royalty Interest to the Purchaser. Effective date of transfer will be Jan. 1st 2018.

Tract V Legal Description
Northeast Quarter (NE/4) of Section Seventeen (17) Township Eighteen (18) South, Range Twenty-Four (24) West of the 6th P.M. Ness County, Ks
F.S.A. Information
90.11 Acres Cultivation (planted to milo)
65.15 Acres Grassland
General Information
The North fork of the Walnut Creek runs through this property usually producing water from a spring. There is a salt water disposal well agreement with Vess Oil for a 5 year term ending Feb. 1st, 2019 for a total annual payment of $1,000/year for the 1st well and $750/year for each additional well that may be added. Purchaser to receive the 2018 and future payments.

Tract VI Legal Description Surface Rights Only
West Half (W/2) of Section Thirty-One (31) Township Sixteen (16) South, Range Twenty-Four (24) West of the 6th P.M. Ness County, Ks
F.S.A. Information
268.39 Acres Cultivation
20.47 Acres Waterways/Grass/Lease Roads
General Information
Approx. 74 Acres S.F. Wheat, 74 Acres Corn, 74 Acres Wheat Stubble, 33 Acres Feed, with the balance being idle or Grassland/Waterways.

Tract VII
Producing Royalty Interest (.125) on Tract VI
General Information
There are four producing oil wells, and 1 Salt Water Disposal Well. Total production for 2012- 4,985bbls, 2013- 4,648bbls, 2014- 4,158bbls, 2015- 4,123bbls, and 2016- 3,844bbls. Seller conveying their .125 royalty interest to the purchaser. Effective date of transfer will be January 1st, 2018.

Tract VIII Legal Description
Combination of Tracts VI & VII
Manner of sell will be the highest aggregate bid.

Tract IX Legal Description
Northwest Quarter (NW/4) of Section Seven (7) Township Twenty-Two (22) South, Range Twenty-Four (24) West of the 6th P.M. Hodgeman Co., Ks
F.S.A. Information
157.5 Acres Cultivation
General Information
Approx. 55.2 Acres S.F. Wheat, 52.4 Acres Milo, 49.5 Acres Wheat Stubble

Terms
10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before October 20th, 2017 or as soon as title requirements, if any, can be corrected. Seller(s) to furnish warranty deed and title insurance showing merchantable title in Seller.

Possession
March 1st, 2018 on planted milo, corn, feed, and grassland acres. After the 2018 Wheat Harvest on planted wheat acres, with 1/3 of the harvested wheat delivered to the nearest elevator in the purchaser’s name with purchaser paying their 1/3 share of the fertilizer & fungicide. Possession on the idle wheat stubble acres will be immediate upon purchaser paying the tenant for either tillage cost or chemical and application costs of the burn down. If another spraying is necessary to control volunteer wheat, on the idle wheat stubble acres, the expense will be shared equally between the tenant & the purchaser. Exact acreages and cost to be announced day of sale.

Taxes Seller to pay 2017 Taxes & prior, purchaser to pay 2018 taxes & subsequent. 2016 Total Taxes were: I & II combined- $1,927.96, III- $913.72, IV-$573.36, V- $643.58, VI- $1822.56, IX-$804.50

Government Programs
Purchaser to stay in compliance with all US Government Programs the property is presently enrolled in. All Government Payments to follow crop interest.

base acres PLC yield Program
Tract 1 Wheat- 75.8 54bu. ARC
G. S.- 25.5 69bu. PLC
Tract 2 Wheat-48.78 39bu. PLC
G. S.- 48.82 60bu. PLC
Tract 3 Wheat- 90.3 30bu. ARC
  G. S.- 32.47 40bu. PLC
Tracts 4 & 5 Wheat- 114 43bu. ARC
G.S.- 28.1 46bu. PLC
Tract 6 Wheat- 152.9 36bu. ARC
  G. S.- 10.8 56bu. ARC
  Barley- 23.1 40bu. PLC
Tract 9 Wheat- 57.67 39bu. PLC
  G.S.- 55.93 46bu. PLC


Live internet bidding available. Call for details.

Agency Disclosure
Farmland Auction & Realty Co., Inc. is the agent of the seller. If the purchaser desires representation, legal counsel is advised.

Farmland Auction & Realty Co., Inc.
1390 E 8th, Unit A, Hays, KS 67601
785-628-2851 Toll Free: 1-888-671-2851
E-Mail: farmland@farmlandauction.com
Web: www.farmlandauction.com