Amherst, CO 80721 - Phillips County

Holyoke Farm is located 2 miles south, 1 west from Amherst, Colorado at County Roads 30/49; and 3.5 miles north of US#6. The 3 center pivots are 10 miles northeast of Holyoke; 60 air miles east of Sterling. Excellent farming community, excellent property located in T8N-R43W of the 6th PM, Phillips County, Colorado. Wells have Final Permit from State of Colorado Ground Water Commission, legal to be commingled between the 3 wells. CRP Pheasant Hunting.

Parcel 1 - 164 acres in NW1/4 Sec 30. Taxes $1,395; Republican River $1,923; Frenchman $60. Total Acres : 131 pivot irrigated, 32 acres CRP corners, building site. Soils are 85% Rago, Kuma, Platner loams and 15% Richfield loam - 100% Class II irrigated, on nearly level terrain. Irrigation well in the near center, #12074-FP for 400 acre foot, 2,200 gpm pumping rate, 160 acres. Electric well motor; 8 tower Valley with low-pressure drops. Buildings include a 37,000 bushel grain bin with drying floor & sweep auger; 48x96 ft slant wall steel building (steel frame, 1/2 concrete floor). CRP contract at $53.96 per acre, through 9/30/2016.

Parcel 2 - 164 acres in NE1/4 Sec 30. Taxes $1,030; Republican River $1,923; Frenchman $60. Total Acres : 131 pivot irrigated, 33 acres CRP corners. Soils are 85% Rago, Kuma, Platner loams and 15% Richfield loam - 100% Class II irrigated, on nearly level terrain. Irrigation well on south center boundary, #12357-FP for 400 acre foot, 1,600 gpm pumping rate, 160 acres. Electric well motor; 8 tower Valley with low-pressure drops. CRP contract at $53.96 per acre, through September 30, 2016.

Combination A (Parcels 1&2)

328 Acres : 262 pivot irrigated cropland, 65 CRP, buildings

Parcel 3 - 168 acres in SW1/4 Sec 19. Taxes $1,030; Republican River $1,923; Frenchman $60. Total Acres : 135 pivot irrigated, 33 acres CRP corners. Entirely 1 soil type, Rago/Kuma loam, 100% Class II irrigated, nearly level terrain. Irrigation well in the southwest portion, #12073-FP for 400 acre foot, 2,154 gpm pumping rate, 160 acres. Has Electric well motor; 8 tower Valley with low-pressure drops. CRP contract at $53.96 per acre, through September 30, 2016.

Total Unit (Parcels 1,2,3)

496 Acres : 397 pivot irrigated cropland, 97 CRP, buildings

Procedures

Holyoke Farm is offered as 3 individual pivot irrigated quarters, in combination and a Total Unit. The Farm has excellent soils, terrain, and location. This is a Cash Sale, with no contingencies. Purchase Agreement, Title Insurance Commitment, and supplemental information is available from Broker Agri Affiliates prior to the auction. Seller reserves the right to reject any and all bids - but fully intends to sell the property.

Terms & Conditions

Terms - This Cash Sale requires a 15% earnest deposit with signing of the Purchase Agreement immediately following the auction. Balance of the Purchase Price is payable in certified funds at Closing on or before December 4, 2012. Seller will convey title by Warranty Deed, with Title Insurance evidencing merchantable title. Cost of the Title Insurance and Closing Protection Letter by the Title Company to be shared 50/50 by Seller/Purchaser. The property sells subject to easements, rights-of-way, zoning, and restrictions of record - free and clear of all liens. Property sells in as-is condition. No warranty is expressed or implied as to the adequacy of irrigation equipment, water rights, building improvements.

Possession - at Closing, subject to cornstalk grazing until February 28, 2013 & grain bin storage until April 30, 2013 as reserved by Seller, with all incomes to Seller.

Taxes - 2012 real estate taxes paid by Seller; all 2013 by Purchaser.

Minerals - All oil, gas, mineral rights reserved by previous Owners.

Acreage - Reported acres were obtained from the County Assessor, and USDA-FSA. The property sells without regard to acres. No warranty is expressed or implied as to exact acres. Legal descriptions are subject to existing fence and field boundaries.

USDA-FSA - The property sells including all existing FSA Bases, with Purchaser assuming the CRP Contracts, and subject to final approval by the Phillips County FSA Committee.

Bases : 374.8 acres corn at 141 bu.; 8.0 wheat at 52; 14.1 oats at 50.

Water - Farm is located in Frenchman Groundwater Management Area ($0.15 per acre foot) and Republican River Water Conservation District ($14.50 per irrigated acre), and subject to any rules & regulations.