Auction Information
Online Bidding Site480 Acres in Wellington, KS
TRACT 1: Northwest Quarter
158.42 Tillable Acres
FSA BASES/YIELDS:
Wheat: 34.36 Ac; 33 Bu/Ac
Corn: 35.4 Ac; 79 Bu/Ac
Gr Sorghum: 61.5 Ac; 65 Bu/Ac
Sunflowers: 14.91 Ac; 718 Lbs
Soybeans: 11.94 Ac; 15 Bu/Ac
Soil Types: Approx 69% Tabler silty clay loam (0-1% slopes) and 31% Bethany silt loam (0-1% slopes)
2017 Taxes: $1,493.64
TRACT 2: Northeast Quarter
151.11 Tillable Acres
FSA BASES/YIELDS:
Wheat: 43.18 Ac; 32 Bu/Ac
Corn: 48.664 Ac; 79 Bu/Ac
Gr Sorghum: 52.41 Ac; 68 Bu/Ac
Sunflowers: 4.32 Ac; 718 Lbs
Soybeans: 4.01 Ac; 19 Bu/Ac
Soil Types: Bethany silt loam (0-1% slopes)
2017 Taxes: $1,655.28
TRACT 3: Southeast Quarter
153.72 Tillable Acres
FSA BASES/YIELDS:
Wheat: 33.33 Ac; 33 Bu/Ac
Corn: 34.35 Ac; 79 Bu/Ac
Gr Sorghum: 59.67 Ac; 65 Bu/Ac
Sunflowers: 14.47 Ac; 718 Lbs
Soybeans: 11.58 Ac; 15 Bu/Ac
Soil Types: Approx 88% Bethany silt loam (0-1% slopes), 8% Kirkland silt loam (1-3...
Soil Types: Approx 88% Bethany silt loam (0-1% slopes), 8% Kirkland silt loam (1-3% slopes), 4% Tabler silty clay loam (0-1% slopes)
2017 Taxes: $1,637.72
POSSESSION / CROP SHARE: Subject to written tenant lease (1/3 2/3 share) expires December 30, 2019; any crop planted as of December 30, 2019, shall be harvested in 2020 by current tenant; Buyer(s) shall receive 1/3 share of all crops delivered to elevator of tenants choice; Buyer(s) shall pay for 1/3 share of fertilizer/chemical applied to crops; no growing crops as of March 1, 2018.
Current tenant in place since 2006
Good steward of the soil by utilizing soil testing and crop rotation
Minimal tillage to increase organic matter and maximize income potential
MINERALS: Land sells subject to current Oil & Gas Leases; Seller retains 1/2 of any future oil or gas production, participating ; remaining 1/2 share of minerals will be offered separately from surface rights.
CLOSING: Closing to be set within 30 days of signed contract, or as soon thereafter as closing documents are available
EARNEST DEPOSIT: $25,000 per tract
SELLERS:
P&M Lands LLC
Withers Land & Exploration Inc.
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