120 Rd, Lebanon, KS 66952 - Smith County

Online bidding opens Thursday May 4th and ends Thursday May 11th at 7pm Central.

392 Total Acres

THIS NORTHERN SMITH COUNTY LAND HAS BEEN IN THE VAN VENABLES FAMILY FOR MANY GENERATIONS. NEVER BEFORE HAS IT BEEN OFFERED FOR SALE. THE VAN VENABLES TRUST IS PROUD TO OFFER THIS 392 ACRE PROPERTY IN TWO (2) INDIVIDUAL TRACTS, WITH NO COMBINATIONS IN AN ONLINE ONLY AUCTION. WE LOOK FORWARD TO SHOWING YOU THIS OUTSTANDING PROPERTY AND GETTING YOU READY TO BID ONLINE.

TRACT ONE (1) PROPERTY DETAILS:

27-2S-12W Cora Township. Smith County, Kansas

78 +/- total acres of productive cropland.

This a very nice tract of cropland with good quality soil and terraces. New waterway on N.E. corner.

The predominate soil on this tract is Nuckolls, Holdredge and Harney Silt Loam.

Currently 60 acres are planted to wheat by the current tenant. Buyer will receive 1/3 of the wheat production and will be responsible for 1/3 of the fertilizer cost. Buyer will have access to the wheat acres after the 2017 wheat harvest.

The buyer will be allowed access to all open acres prior to closing with a 10 percent down payment prior to closing.

An old farm house is in the N.W. corner of the tract. No electricity. There is an old well on site. Condition of well is unknown, it has not been in use for several years.

Located 3.5 miles north of Bellaire, Kansas on the east side of V Road between 120 and 110 Road. Good gravel road access to the land from the north and west.

All minerals are intact and pass to buyer.

2016 Property Tax $1,185. Seller will pay taxes for 2016 and all prior years. Taxes for 2017 will be prorated to the date of closing.

FSA Information

BASE ACRES:

Wheat: 14.45

Corn: 14.45

Soybeans: 39.63

PLC YIELD:

Wheat: 40

Corn: 101

Soybeans: 30

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

TRACT TWO (2) PROPERTY DETAILS:

34-2S-12W Cora Township. Smith County, Kansas

314 +/- total acres of quality cropland and pasture.

179 +/- acres of cropland with the balance of 135+/- in grass.

The predominate soil on this tract is Nuckolls, Holdredge and Roxbury Silt Loam.

All acres are open and ready to be planted. Buyer will be allowed access to the ground prior to closing with a 10% down payment.

The pasture grass has good to fair 4 wire fence.

Utilities include electricity for the newer submersible well pump located in the N.W. corner. The well is in good working order.

The seller will reserve an easement for the water line that runs from the well for landowner in Section 33-T02-R12W.

A creek with holding pools laces throughout the pasture, supplying another water resource for the pasture.

Located 3 miles north of Bellaire, Kansas on the east side of V Road between 130 and 120 Road. Good gravel road access to the land from the north and west.

All minerals are intact and pass to buyer.

2016 Property Tax $2,779. Seller will pay taxes for 2016 and all prior years. Taxes for 2017 will be prorated to the date of closing.

FSA Information

BASE ACRES:

Wheat: 33.91

Corn: 33.91

Soybeans: 93.05

PLC YIELD:

Wheat: 40

Corn: 101

Soybeans: 30

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