PUBLIC AUCTION * Land and Oil & Gas Mineral Auction in Linn Co, Kansas

Farm #1 (80+/- NMA)
Legal: 100% surface and an undivided 50% minerals in the S/2 SE/4 of Section 33, Township 22 South, Range 22 East, Linn Co, KS.

Farm #2 (80+/- NMA)
Legal: 100% surface and an undivided 50% minerals in the S/2 SE/4 of Section 17, Township 23 South, Range 23 East, Linn Co, KS.

Auction Date & Time: Friday, June 20th at 10:00am. (CST)
Auction Location: The 4-H Building at the Linn County Fairgrounds, 8510 Kansas Hwy 7, Mound City, KS 66056.

Farm #1 (80+/- acres)
Legal: The South half of the Southeast Quarter (S/2 SE/4) of Section 33, Township 22 South, Range 22 East, Linn Co, KS.
Directions: From Blue Mound, KS go one-half mile south on S.H. 31 to W. 400th Rd., and go east one-half mile to the SW corner of the farm. (Watch for signs) 
Description: This farm is currently enrolled in CRP and is coming out of the program Sept 30, 2014. The close proximity to town and black top frontage on W. 400th Rd, make this an excellent opportunity to purchase an agricultural farm that is ready to be put back into production. 
FSA Info: according to the Linn Co FSA office there 67.0 acres cropland currently enrolled in CRP at $57.00 per acre. The CRP contact expires Sept 30, 2014 with an annual payment of $3,819. This farm will sell subject to the existing CRP agreement. Sellers 2014 CRP payment will go to the buyer. 
Soil Types: Woodson silt loam, 0-1% slope.
2013 Taxes: $582.37
Minerals: an undivided 50% of the minerals sell with the surface

Farm #2 (80+/- acres)
Legal: The South half of the Northeast Quarter (S/2 SE/4) of Section 17, Township 23 South, Range 23 East, Linn Co, KS.
Directions: From Blue Mound, KS go one-half mile south on S.H. 31 to W. 400th Rd. and go east 4 miles, then turn south on Harkness Rd and go 4.5 miles to W. 200th Rd., then go east 4 miles to Jackson Rd. Turn south on Jackson Rd., and go one-half mile to the SE corner of the farm. (Watch for signs)
Description: This 80+/- acre farm is comprised of a beautiful 40+/- acre hay meadow, a 4.5+/- acre field in CRP and the balance in timber and two ponds on the property. The hay field is clean and produces a good hay crop. The farm would offer an excellent building site and recreational opportunities.   
FSA Info: according to the Linn Co FSA office there 4.5 acres cropland currently enrolled in CRP at $56.02 per acre. The CRP contact expires Sept 30, 2022 with an annual payment of $225. This farm will sell subject to the existing CRP agreement.
Soil Types: Wagstaff silty clay loam, 1-3% slope, Clareson-Rock outcrop complex, 3-15% slope, Eram silty clay loam, 1-7% slope, Eram-Lebo silty clay loam, 5-20% slope, Bucyrus silty clay loam, 1-3% slope.  
2013 Taxes: $138.64
Minerals: an undivided 50% of the minerals sell with the surface

TERMS AND CONDITIONS: a 10% of Total Contract Price due day of auction.
POSSESSION: given upon closing & transfer of title.
MINERALS: 50% of the sellers mineral rights will transfer with the surface.
BUYERS PREMIUM: a 7% buyers premium shall be added to winning bid to establish the total contract price.
TAXES: Seller shall pay 2013 taxes & all prior years. 2014 Taxes shall be prorated to date of closing.
CLOSING: shall be on or before July 21, 2014, subject to any outstanding lien releases. Seller & Buyer shall share equally in the closing costs & title insurance costs.
FSA (CRP): Buyer is responsible for complying with all Conservation Reserve Program contract requirements and shall accept full responsibility for said contract upon transferring contract from seller to buyer, immediately after closing.

Complete Details: go to http://www.auctionkansascity.com/property.aspx?item=90002&agency=24215#.U4-LZJ0o6po