1145 E US 56 Hwy , Lyons, KS 67554(Rice County)

Tract 1 is located just two miles north and three miles west of Chase, KS at the intersection of Avenue J and 5th rd. This property offers easy access via well-maintained roads. The nearest blacktop road is 6th Rd coming north off of Hwy 56, which leaves only 1.5 miles of gravel road to the property. This tract is made up of 155.9+/- total acres consisting of 152.98+/- acres of tillable. Throughout the years, this property has been rotated between wheat, soybeans, and grain sorghum, with the average yields as follows; wheat (36 avg.), soybeans (26 avg.), grain sorghum (88 avg.). A salt water disposal well has replaced the traditional well. The new owner will receive a portion of the lease annually, providing additional income to the property. Overall, this is an excellent opportunity for a farmer or investor alike, whether adding to your operation or investment portfolio. Part of the farm is in wheat and the new owner will receive 100% of that rent. The balance of the farm is open tenancy for 2024.

Details:

Tract #: 1

Deeded Acres: 155.9+/-

FSA Farmland Acres: 152.98

Soil Types: Abbyville loam, Solvay loamy fine sand, Darlow-Elmer complex, Pratt loamy fine sand, Elmer loam, Farnum and Funmar loams, Saltrcreek and Naron fine sandy loams, Attica fine sandy loam

Soil Class: 52% Class III, 25.8% Class II, & 22.2% Class IV

Average Yield: Wheat (36 avg.), Soybeans (26 avg.), Grain Sorghum (88 avg.)

CRP Acres/Payment: No CRP

Taxes: $560.70 (2022)

Possession: Immediate possession

Survey Needed?: No survey needed

Brief Legal: 155.9+/- acres, S22 T19S R10W, Rice Co, KS Pioneer Township

PIDs: 0800652200000001000

Lat/Lon: 38.387537, -98.410789

Zip Code: 67524

Subject to Grantor reserving of the oil, gas and other minerals in and under the above described real property for a term of 15 years from the date of this deed and as long thereafter as production is obtained from the above described real property or production is obtained from any property which has been unitized with the above described real property. Grantor retains 100% of the executory rights with regard to the leasing of the above described real property for oil and gas purposes. Grantor stipulates and covenants that Grantor will not enter into any oil and gas leases covering the above described real property which do not provide for at least a 1/8th royalty interest.

In addition to the above mineral interest, Grantor retains of the monthly and/or annual payments paid by American Warrior, Inc., its successors or assigns for the use of a saltwater disposal well located on the above described real property. This reservation concerning payments for the use of said saltwater disposal well is hereby reserved by Grantor, his successors and assigns as long as there remains a saltwater disposal well located on the above described real property (American Warrior, Inc. or any of its successors and assigns).

Property Features:

- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

- Onsite bidders should bring a government-issued ID

- 10% down payment immediately after auction - cash, personal, or business checks accepted

- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

- High bidder has 30 days to close unless otherwise noted

- Announcements on auction day will take precedence over any prior announcements

- This is a no contingency sale and is not subject to financing or additional inspections

- Possession at closing, subject to tenant’s rights, if any

- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

- North 155.9:

- Mostly class II and III soils

- Currently in wheat

- Water way running through the property

- 2.5 Miles from Hwy 56/blacktop road

- 5 Miles to Chase/Central Prairie Co-op

- Electric nearby-flat piece of ground

- Oneok Pipeline sheds in all 4 corners