Brewster Farm 4,960 acres - SOLD

LOCATION

This farm is located southwest of Goodland, Kansas on Road 57 (east, west) and cross road 33 (north south) in Sherman County. Please contact listing broker for further information on the legal description, location and showing instructions.

ACREAGE

There are 4960 +/- acres. This farm consist of 4438 acres of non-irrigated farmland with the remainder 552 acres consisting of CRP.

Expiring over the next crop year is a $50/acre cash lease. Going forward, a 5% cash lease based on purchase price can be negotiated with the current owner who will contract with the purchaser to farm the cropland.

SOILS

The soils are very uniform and primarily Class 1 and 2, with the majority of this farm consisting of Keith silt loam, Ulysses silt loam and Colby silt loam soils. Please see the attached soils plat.

PRODUCTION

This is a highly productive area with many avenues of grain to choose from. Common crops grown range from corn, wheat, milo, hay and sunflowers. With markets for all of the commodities in very close proximity, marketing the production is very reliable and efficient.

IMPROVEMENTS No improvements

RECREATION & WILDLIFE

The wildlife in this area range from pheasants, whitetail deer, mule deer, antelope and coyotes.

SUMMARY

The Kansas Cropland is a highly productive farm. The seller is willing to enter into a long term-leaseback, making it perfect for an investor who desires a reasonable rate of return backed by a deed to quality farmland. Long term appreciation of farmland has a defined trend line – sloping upward to the left. A risk consideration involves irrigation water declines in certain large farming areas thereby creating un-quantified risk; dry land crop production lacks that risk, making it a safer bet. While slightly less cash return is generated, depreciation of equipment and depletion of water aquifers do not have to be quantified and accounted for thereby justifying the risk/return ratio. Modern farming practices like “no-till”, “one trip”, “chem-fallow”, etc. have been a boon to farming and particularly to the good producing areas by lowering input costs along with improved production. An opportunity to purchase a choice, contiguous property in this area is a rare opportunity.

MINERAL RIGHTS

Based on availability/ownership by current seller - Negotiable.

TAXES: $8,400 (Sherman County Treasurer Statement)