LEGAL DESCRIPTION:

12-17-27

13-17-27

N/2 of section 24-17-27

LOCATION: From the intersection of Hwy 4 and RD N, East of Pendennis, go 3 miles south to the NE corner of the property. SIGNS WILL BE POSTED!!

FSA INFORMATION:

GENERAL CRP CROPLAND ACRES: 256.30±        

GRASSLAND CRP ACRES: 1,335.38±

CRP INFORMATION:

·       1,175.92 acres enrolled in Grassland CRP program through 9/30/2039 at a rate of $18 per acre, for a total annual payment of $21,167.

·       256.30 acres enrolled in General CRP program through 9/30/2031 at a rate of $40.07 per acre, for a total annual payment of $10,270.

·       159.43 acres enrolled in Grassland CRP program through 9/30/2039 at a rate of $18 per acre, for a total annual payment of $2,870.

POSSESSION: Subject to the tenant’s rights.

MINERAL RIGHTS & OIL PRODUCTION: All of the Seller’s interest in mineral rights and oil production will transfer to the Buyer.

REAL ESTATE TAXES: Taxes for 2026 will be prorated to the date of closing. (2025 taxes =$2,505.06)

PRICE: $1,920,000 ($1,200/AC)

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