155 Ac Tillable & Grass in Sumner County, Kansas

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Features & Description

Legal: Southwest Quarter (SW/4) Section 4, Township 34, Range 1 East, Sumner Co, KS, EXC 4.5 Ac tract Tillable: 143.6± Acres Grass/Waterway: 11.3± Acres (NOTE: Sumner County Appraiser shows 157.8 Ac dryland, 2.1 Ac grass) Crop Bases & Yields: Wheat: 143.6 Ac Base, 39 Bu/Ac Yield Crop Share: Buyer shall receive landowner's 1/3 share of 2013 wheat crop and FSA payments. Buyer shall pay landowner's 1/3 share of fertilizer and chemical for 2013 wheat crop Possession: At closing subject to current verbal tenant lease Soil Types: Approx 72% Farnum loam (1-3% slopes), 16% Elandco silt loam, 9% Bethany silt loam (1-3% slopes), 3% Farnum loam (0-1% slopes) 2011 Taxes: $1,023.50 Minerals: Seller retains 100% of all funds payable as a result of mineral leasing for a period of 25 years and as long as production exists thereafter. Seller retains 75% of all funds payable as a result of mineral production for a period of 25 years and as long as production exists thereafter. All leasing decisions shall remain exclusively with the Seller. This reservation shall run with the land and shall be binding upon assigns, successors and heirs of Seller/Grantor and Purchaser/Grantee. Land was leased to Chesapeake Exploration LLC, on February 15, 2012, for a period of 3 years. Dennis Lee Brown, Seller

Location & Directions

Directions from South Haven, KS: 4 miles north on US 81 Hwy to 120th St South, 4 miles east Directions from Wellington, KS: 10 miles south on US 81 Hwy to 120th St South, 4 miles east

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