San Jon, NM 88434 - Quay County

Native Grass, Dryland Farming with

USDA allotments and CRP contracts

Acres: 775 total acres +/-

(455 acres+/- deeded -320 acres+/- State Lease)

The property is level with Amarillo loamy fine sandy soils suitable for raising wheat, grain sorghum and cotton with possibility of irrigation of a small amount of acreage from 14 shallow wells which are situated near an electric powerline. The wells are not currently in use with no knowledge of the condition of the pumps or gearheads installed in and on the wells or to the number of wells with pumps in the holes. Seller states that the wells are approximately 60 deep with the potential of producing approximately 30GPM each.

Improvements on the property consist of the following:

1. A 2100 +/- sq. ft. home in good condition with a stucco exterior a metal roof, 3 bedrooms 2 baths and an attached 24x21 carport in a setting among several large mature trees and is located on pavement.

2. A 14x80 mobile home with 3 bedrooms and 1 bath which is in good useable condition.

3. Two 40x80 metal frame vinyl covered barns for hay storage in good condition.

4. 40x60 wood framed barn/shop with sheet iron covering and a concrete floor.

5. Livestock pens of metal construction with a squeeze/working chute and a permanent loading/unloading chute.

6. Single animal beam scale.

Land status:

a. Deeded land 455 acres:

1.) Cultivated land 268 acres

2.) Conservation reserve program 115 acres

Only 5.2 acres of the CRP Contract #100.65 is included with the purchase of the land.

3.) Native Grass 72 acres

b. State lease land 320 acres:

1.) Cultivated land 117.8 acres

2.) Conservation reserve program 138.5 acres.

3.) Native Grass & Home site 63.7 acres

A list below is of tractors, equipment, pick-up trucks, trailers, shop tools and household items which are included with the purchase of the property at the above listed price of $700,000.00.

Tractors:

1986 John Deere 4650 with front end loader

1981 John Deere 4640 with front end loader

1981 John Deere 4650 MFW

1981 MF 4840 4 wheel drive

Pickups:

2004 Ford 350 dually flatbed 4x4 diesel

1993 Ford 150 flatbed 4x4

1948 GMC grain truck

Trailers:

2004 Circle D gooseneck livestock trailer

2004 circle D gooseneck 28 equipment trailer

A 6x16, tandem axle utility trailer

Equipment:

1999 Case IH 8840 16 Swather

New Hollard baler 595 3x4x8

Hesston small bale baler 4570

John Deere twin hay rake

Spray rig with 500 gal tank & 80 boom

36 Great Plains grain drill

Bushhog 4 row 21 shredder

Miller 24 offset disk plow

24 Chisel plow

11 shank riper plow