Jetmore, KS 67854 - Hodgeman County

LEGAL DESCRIPTION: NW/4 of Section 5-22-25 & E/2 of Section 6-22-25

LOCATION: From the intersection of Hwys 156 & 283 in Jetmore, Kansas, go 10 miles West to NW 208 Road, 6 miles North, then mile West to the SE corner of the property. SIGNS WILL BE POSTED!

CROPS: Buyer will receive the landlords 1/3rd share of the 2014 wheat crop to be planted this fall and will be responsible for payment of the landlords 1/3rd share of chemical and fertilizer expenses. Buyer will reimburse Seller at closing for spraying the 2013 wheat stubble acres.

FSA INFORMATION:

Cropland Acres - 229.09

(There are 198.1 ac currently

in cropland, and 31 acres

back to grass that are no longer

in crop production)

CRP Acres - 39.80

Grassland Acres - 212.6+

Base Acres DCP Yield

Wheat 129.8 32

Grain Sorghum 63.5 33

Barley 28.6 40

Buyer will receive the landlords 1/3rd share of all FSA wheat payments, if any, and 100% of all FSA feed grain payments, if any, associated with the 2014 crop year.

CRP INFORMATION: There are 39.8 acres currently enrolled in CRP thru 9/30/20 at $27.82/acre total annual payment = $1,107. Buyer will receive a prorated share through the date of closing of Sellers 50% interest in the current CRP contract.

POSSESSION: Date of closing on the open acres and after the 2014 wheat harvest on the acres to be planted to wheat this fall.

MINERAL RIGHTS: Seller will retain 100% of the mineral rights perpetually.

REAL ESTATE TAXES: Seller will pay taxes for 2012 and prior years. Taxes for 2013 will be prorated to date of closing. (2012 taxes - $850.02)

PRICE: $575,000