Frankfort, KS 66427 - Marshall County

Land Auction: Fischer Dairy Sellers

Thursday, April 28th at 6:00 P.M. American Legion, 706 N Locust St, Frankfort, KS

96.7 Acres Marshall County Land

Tract 1 Legal Description: S15, T04, R09, ACRES 73 +/-, located in E2 of NE4 LESS 4.0 +/- Acre Homesite and Less R/W

FSA Farmland = 78.83 acres less 4.0 +/- Acre Homesite, with 61.54 DCP Cropland Acres

Base Acres = 61.54 (Wheat 24.84, Soybeans 22.37, Corn 13.37, Oats .96)

Enrolled in ARC-County (PLC yield Corn 122, Soybeans 45, Wheat 48, Oats 44)

2021 Property Taxes (Estimated) = $1521.13

Located 1.25 miles east of Hwy 99 & Tumbleweed Rd Int.

Tract 2 Legal Description: S16, T04, R09, ACRES 12.7, ALL BLKS 61, 80, 81, & 82 & ADJ VAC ST LESS LEVEE SECTION

FSA Farmland = 17.26 acres with 13.52 DCP Cropland Acres

Base Acres=13.52 (Soybeans 5.54, Corn 2.98, Wheat 5.54)

Enrolled in ARC-County (PLC yield Corn 122, Soybeans 45, Wheat 48, Oats 44)

2021 Property Taxes = $ 288.01

Located 1 mile west of 23rd Road & Temple Road Int.

Tract 3 Legal Description: S13, T04, R09, ACRES 11, NE4 SW4 N&E OF RIVER LESS R/W

FSA Farmland = 14.58 acres with 9.1 DCP Cropland Acres

Base Acres = .58 (Oats .58)

Property has 8.52 acres in CRP with $775 annual payment (See website for details on CRP contract)

2021 Property Taxes = $51.70

Located .5 miles south of Tumble Weed Rd & 24th Rd Int.

***IMMEDIATE ACCESS FOR SPRING PLANTING***

ANHYDROUS & FERTILIZER HAS BEEN APPLIED BUYER RESPONSIBLE FOR REIMBURSEMENT

Fisher Dairy Inputs Buyer to reimburse tenant at closing

75.06 acres of cropland (Rounded to 75 from 75.06 FSA Acres)

192#/acre (product not actual) anhydrous at $1500/ton = $144/acre = $10,800

118#/acre MESZ at $1150/ton = $67.85/acre = $5088.75

75 acres of Spinner App at$6/acre = $450

75 acres of NH3 application at $16/acre = $1200

Total/Acre = $233.85/acre

Total Inputs= $17538.75

Total Reimbursement/Buyer Responsibility by Tract:

Tract 1 = $14,382.00 (61.54 FSA cropland acres or 82% of total)

Tract 2 = $ 3156.75 (13.52 FSA cropland acres or 18% of total)

Auction Location:

Frankfort American Legion

706 N. Locust St.

Frankfort, KS 66427

Terms & Possession: 10% down day of the sale, balance due at closing on or before Friday, May 27, 2022. Buyer to take possession at closing. With immediate access for spring planting. Sellers to pay 2021 taxes buyer to pay 2022 taxes. Title insurance, escrow and closing costs to be split equally between buyer and seller. Property to be sold as-is, where-is. All inspections should be made prior to the day of the sale. Sellers interest in mineral rights to transfer with the sale. This is a cash sale and is not subject to financing, have your financing arrangements made prior to the auction. Midwest Land and Home is acting as a Sellers Agent and represents the sellers interest. All information has come from reliable sources; however, potential buyers are encouraged to verify all information independently. Seller expressly disclaims any liability for errors, omissions, or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents. Statements made the day of sale take precedence over all other printed materials. Galloway, Wiegers, & Brinegar, Attorney for the sellers will prepare purchase contracts and Pony Express Title will act as escrow, title & closing agent. Announcements made the day of sale will take precedence over all other information.