For: Brack Family, LLC
Date: Thursday, March 29th, 2018
Time: 10:00 A.M.
Auction Location: LaCrosse Livestock Market Inc.2340 Highway 183, LaCrosse, KS 67548

Land Location
From the intersection of Hwy 183 & Hwy 4 in LaCrosse, Ks, go 9 Mi. E to CR340, ½ Mi. S to the NEC of Tract 7 & the Center of Tract 6. Go an additional 1 ½ Mi. S to the SEC of Tract 1 OR 11 Mi. E on Hwy 4 to Tract 5
From Otis, KS, go 1 Mi. N on CR390 to Ave K, then 1 Mi. W to the SEC of Tract 3. Go an additional ½ Mi. N to the SEC of Tract 4

Tract I Legal Description
South Half of the Southeast Quarter (S/2 of SE/4) of Section One (1) Township Eighteen (18) South, Range Seventeen (17) West of the 6th P.M. Rush Co., Ks

F.S.A Information
77.30 Acres Cultivation-presently planted to wheat

Tract II Legal Description
North Half of the North Half of the Southeast Quarter (N/2 of N/2 of SE/4) of Section One (1) Township Eighteen (18) South, Range Seventeen (17) West of the 6th P.M. Rush Co., Ks

F.S.A Information
41.42 Acres Cultivation-presently planted to wheat

Tract III Legal Description
Southeast Quarter (SE/4) of Section Twenty-Two (22) Township Seventeen (17) South, Range Sixteen (16) West of the 6th P.M. Rush Co., Ks

F.S.A Information
26.63 Acres Cultivation-wheat stubble
124.14 Acres Cultivation- milo stalks
3.9 Acres Waterway in a C.R.P. contract @ $60/acre through 9/30/2026
0.8 Acres Farmstead

Tract IV Legal Description
Northeast Quarter (NE/4) of Section Twenty-Two (22) Township Seventeen (17) South, Range Sixteen (16) West of the 6th P.M. Rush Co., Ks

F.S.A. Information
107.51 Acres Cultivation- wheat stubble
2.12 Acres Cultivation- milo stalks
approx. 45.12 Acres Grassland/Waterway/Farmstead
approx.4.3 Acres Waterway in a C.R.P contract @ $60/acre through 9/30/2026

Tract V Legal Description
Southwest Quarter (SW/4) of Section Twenty-Eight (28) Township Seventeen (17) South, Range Sixteen (16) subject to easments, restrictions, roads, railroad, & right of ways of record West of the 6th P.M. Rush Co., Ks

F.S.A. Information
54.19 Acres Cultivation-wheat stubble
60.34 Acres Cultivation- milo stalks
25.93 Acres Unfenced Grassland
2.31 Acres Waterways
3.58 Acres Railroad Right Away

Tract VI Legal Description
South Half of the Northwest Quarter (S/2 of NW/4) & all that part of the Southwest Quarter lying North of the RR right of way in Section Thirty-One (31) Township Seventeen (17) South, Range Sixteen (16) West of the 6th P.M. Rush Co., Ks

F.S.A. Information
61.76 Acres Cultivation- presently planted to wheat
79.76 Acres Fenced Grassland
2.87 Acres Farmstead

Gas Production
2016 production was 635 MCF. All sellers’ interest, decimal being 0.3125000, to be conveyed by purchaser with transfer date to be January 1st, 2019.

Tract VII Legal Description
Southeast Quarter (SE/4) of Section Thirty-Six (36) Township Seventeen (17) South, Range Seventeen (17) subject to easments, restrictions, roads, railroad, & right of ways of record West of the 6th P.M. Rush Co., Ks

F.S.A. Information
116.84 Acres Cultivation-presently planted to wheat
33.93 Acres Fenced Grassland
1.5 Acres Waterways

Taxes
Sellers to pay 2017 and prior taxes. Purchaser to pay 2018 and subsequent
Taxes in 2017 were: Tract I: $800.48, Tract II: $407.96, Tract III: $1592.96, Tract IV $1189.46, Tract V $1325.02, Tract VI $773.40, Tract VII $1,263.56

General Information
These properties have been in the Brack Family for many years. The cultivation on all seven tracts are very productive and consist of predominantly Harney Silt Loam soils with 1-3% slopes. They have been well maintained by the tenant with soil conservation practices being implemented. The access on all these tracts are good and are close to several grain handling facilities

Government Programs
Purchaser to stay in compliance with all US Government Programs the property is presently enrolled in. Government payments to follow current F.S.A. guidelines.

                      base acres             PLC yield       Program
Tract 1          Wheat- 38.78         33bu.               PLC
                      G. S.- 19.39           51bu.               PLC

Tract 2          Wheat- 20.78         33bu.               PLC
                      G. S.- 10.39           51bu.               PLC

Tract 3&4     Wheat- 138.25      33bu.                PLC
                      G. S.- 69.11          51bu.                PLC

Tract 5          Wheat- 73.59        34bu.                PLC
                      G. S.- 22.81          79bu.                PLC

Tract 6         Wheat- 30.98         33bu.                PLC
                     G.S.- 15.48            51bu.                PLC

Tract 7         Wheat- 59.36         33bu.                PLC
                     G.S.-29.67             51bu.                PLC

Minerals
All sellers interest to be conveyed to purchaser both producing & non-producing.

Terms
10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before May 4th, 2018 or as soon as title requirements, if any, can be corrected. The seller agrees to convey said property by a good and sufficient Deed to the purchaser, subject to easements, restrictions, roads, right-of-ways, leases, reservations and county zoning regulations of record.  Said deed shall be delivered to the purchaser at the time of settlement. Seller(s) to furnish warranty deed and title insurance showing merchantable title in Seller. If a survey is needed to establish boundary lines, it will be the purchaser’s responsibility.

Possession
Upon closing on milo stalks and grassland and after the 2018 wheat harvest with the purchaser receiving the land owners 1/3 share of the harvested crop, delivered to the nearest elevator in purchaser’s name. Purchaser to be responsible for their 1/3 share of any additional cost related to the growing wheat crop. Upon closing with purchaser paying $19.40/acre for application & chemical costs on idle wheat stubble acres.

Agency Disclosure
Farmland Auction & Realty Co., Inc. is the agent of the seller. If the purchaser desires representation, legal counsel is advised. Announcements made day of sale shall take precedence over printed material

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