Kanorado, KSSherman County

LEGAL DESCRIPTION: SW/4 OF 3-10-42 & SE/4 OF 4-10-42

LOCATION: From Kanorado, KS on Road 3, go 9 miles South to County Road 55, then ½ miles East to the SW corner of the property. SIGNS WILL BE POSTED!

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

CROPS: There are no growing crops.

FSA INFORMATION: Cropland Acres: 305.1

BASE ACRES DPC YIELD

Wheat 53.8 28

Grain Sorghum 205.1 34

Oats 27.1 43

Barley 11.9 32

Buyer(s) will receive 100% of all FSA payments associated with the 2010 crop year, if any.

POSSESSION: Possession will be date of closing.

REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will be responsibility of the Buyer(s). (2009 taxes = $474.28)

IRRIGATION WELL: There is an irrigation well located in the SE corner of Tract 2 that has been protected under the CRP contracts. It is permitted under Water Right File #24,936 for 261 AF at 515 GPM. A flow meter needs installed and inspected by Groundwater Management District prior to use.

PRICE: $200,000