LAND AUCTION. Productive Irrigated and Dry Cropland Farms Offered in Five Tracts!

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LAND AUCTION 1,237+/- Acres Sedgwick County, Colorado and Deuel County, Nebraska Thursday, February 16, 2017 10:00 AM at the Julesburg Fire Hall Meeting Room 510 East First Street, Julesburg, Colorado Highlight Features: Great production history and potential Late model irrigation equipment Buyer to receive 100% of growing wheat Full possession for the 2017 crop year A-18276, A-18277, A-21498 Productive Irrigated and Dry Cropland Farms Offered in Five Tracts! Tract 1: 540+ Acres Tract 2: 150+ Acres Tract 3: 162+ Acres Tract 4: 137+ Acres Tract 5: 240+ Acres Auction Information Meeting: Thursday, February 9 3:00 PM Fire Hall Meeting Room For additional information, please contact: Serving America s Landowners Since 1929 www.farmersnational.com Paul Schadegg, AFM/Agent Sidney, Nebraska Office: (308) 254-2826 Cell: (308) 249-5619 PSchadegg@FarmersNational.com www.farmersnational.com/paulschadegg Real Estate Sales Auctions Farm and Ranch Management Appraisals Insurance Consultations Oil and Gas Management Lake Management Forest Resource Management National Hunting Leases FNC Ag Stock

Property Information Property Description: This farm is comprised of productive Class I irrigated soils and Class II dryland soils with a level topography. Great production history with late model pivot systems and grain storage. Buyer will receive 100% of the growing wheat crop and full possession for the 2017 crop year at closing. An excellent investment or expansion opportunity!! Location: Tract 1 is located 5 miles southwest of Big Springs, Nebraska, Tract 2 and Tract 3 are located 10 miles southeast of Julesburg, Colorado, Tract 4 is located 4 miles east of Julesburg, Colorado, and Tract 5 is located 8 miles southeast of Julesburg, Colorado. Property Aerial Photo and Location Map

Tract 1 Location: The property is located 5 miles southwest of Big Springs, Nebraska. Aerial Photo Legal Description: Fraction of the SE¼ of Section 12, All of Section 13 except a fraction in the NW¼, and Lots 1, 2, 3 and 4 of Section 24,Township 12 North, Range 43 West of the 6th P.M., Deuel County, Nebraska, consisting of 540+ acres. Property Description: This is a very productive irrigated parcel with Class I soils and level topography. The acreage is irrigated with late model pivots and shallow pumping depths. The parcel offers advantages of on-farm grain storage and access off county gravel roads. Farm Data: Cropland 518 acres Non-crop 22 acres Total 540 acres CRP Program: 2.2 acres enrolled with an annual payment of $32.00 per acre, expiring in 2021, and 6.6 acres enrolled with an annual payment of $40.60 per acre, expiring in 2019. Soil Map FSA Information: 518.6 acres enrolled in the PLC program. Base Yield Corn 440 acres 156 bushels Wheat 12.2 acres 45 bushels Barley 16.1 acres 41 bushels Oats 23.6 acres 43 bushels Irrigation: Total South Platte NRD certified irrigated acreage = 434.31 Reg # Drilled GPM Depth Acres G021605 1946 1000 77 ft 51.6 flood with 6500' gated pipe G037684 1972 705 135 ft 124 Zimmatic pivot G023948 1964 650 120 ft 133.7 Zimmatic pivot G069555 1984 600 130 ft 125.01 Two Zimmatic wiper pivots Grain Storage: Three 10,000 bushel grain bins with aerated floors and unloading augers. Taxes: $16,633.82

Tract 2 and Tract 3 Location: The property is located 10 miles southeast of Julesburg, Colorado. Tract 2 Aerial Photo Legal Description: E½ of Section 3, Township 10 North, Range 43 West of the 6th P.M., Sedgwick County, Colorado, consisting of 312+ acres. This tract will be offered as separate parcels or as a whole. Property Description: These parcels offer productive Class I soils under irrigation, Class II dry cropland acreage, along with a building site for grain and equipment storage. Easy access off county gravel roads. Farm Data: Tract 2 Cropland Non-crop Total Tract 3 Cropland Non-crop Total 148 acres 2 acres 150 acres 160 acres 2 acres 162 acres Tract 2 Soil Map FSA Information: 317.9 acres enrolled in the PLC program. If sold separate, FSA will reconstitute acreage bases between the parcels. Base Yield Corn 160.2 acres 156 bushels Wheat 60.5 acres 45 bushels Barley 17.8 acres 41 bushels Oats 6.3 acres 43 bushels Irrigation: Marks Butte Management District under the Colorado Division of Water Resources. Reg # Drilled GPM Depth Acres 16217FP 1951 748 400 ft 117 Lockwood pivot Tract 3 Aerial Photo and Soil Map Grain and Flat Storage: Three 3,500 bushel grain bins, three 60' x 39' metal storage buildings, one 58' x 32' wood frame storage building, and one 110' x 90' wood frame granary storage building. Taxes: Tract 2 - $2,137.10 (estimated) Tract 3 - $873.38 (estimated)

Tract 4 Location: The property is located four miles east of Julesburg, Colorado. Tract 4 Aerial Photo Legal Description: Lots 1, 2, 3 and 4 of Section 20 (exc 72.65 acre surveyed parcel), Township 12 North, Range 43 West of the 6th P.M. Sedgwick County, Colorado, consisting of 137+ acres. Property Description: This is a nice dryland tract along the Colorado/Nebraska border, adjacent to Tract 1. The farm has a nearly level topography with a combination of productive Class II and III Cheyenne and Chappell loam soils. Soil Map Farm Data: Cropland 133 acres Non-crop 4 acres Total 137 acres FSA Information: 133.4 acres enrolled in the PLC program. Base Yield Wheat 56.1 acres 45 bushels Corn 33.4 acres 156 bushels Barley 16.8 acres 41 bushels Oats 3.7 acres 43 bushels Taxes: $497.66

Tract 5 Location: The property is located eight miles southeast of Julesburg, Colorado. Tract 5 Aerial Photo Legal Description: W½NE¼ and the NW¼ of Section 5, Township 10 North, Range 43 West of 6th P.M., Sedgwick County, Colorado, consisting of 240+ acres. Property Description: This is a very productive dryland tract just west of Tracts 2 and 3. The farm is nearly level with a combination of Class II Richfield loam soils. Farm Data: Cropland 237 acres Non-crop 3 acres Total 240 acres Soil Map FSA Information: 236.6 acres enrolled in the PLC program. Base Yield Wheat 131.5 acres 45 bushels Barley 33.8 acres 41 bushels Oats 8.0 acres 43 bushels Corn 2.4 acres 156 bushels Taxes: $812.26

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). AUCTION TERMS prior approval of Farmers National Company and Seller. All decisions of the Auctioneer are final. Taxes: Real estate taxes for 2016 payable in 2017 will be paid by the Seller. All future taxes will be the responsibility of the Buyer(s). Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied, by the Seller or Farmers National Company. Possession: Possession will be granted at closing on or before March 21, 2017. Earnest Payment: A 10% earnest money payment is required on the day of the auction. The payment may be in the form of cash, cashier s check, personal check, or company check. All funds will be deposited and held by Farmers National Company in their trust account. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate contract and deposit with Farmers National Company the required earnest payment. The Seller will provide an owner s policy of title insurance in the amount of the contract price. The cost of title insurance will be paid equally by the Seller and Buyer(s). The cost of any escrow closing services will be paid equally by the Seller and Buyer(s). Sale is not contingent upon Buyer(s) financing. Approval of Bids: Final sale is subject to the Seller s approval or rejection. Agency: Farmers National Company and its representatives are acting as Agents of the Seller. Announcements: Information provided herein was obtained from sources deemed reliable, but neither Farmers National Company nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by Farmers National Company will take precedence over any previous printed materials or oral statements. Farmers National Company and Seller reserve the right to preclude any person from bidding if there is any question as to the person s credentials or fitness to bid. Seller: Barton Johnson, James Johnson, EJF Ltd. Auctioneer for Nebraska land: Jim Eberle Pivots on Tract 1 Closing: The sale closing is on or before March 21, 2017. The balance of the purchase price will be payable at closing in cash, guaranteed funds, or by wire transfer at the discretion of Farmers National Company. Survey: At the Seller s option, the Seller shall provide a property survey sufficient to provide good title where there is not an existing legal or where new boundaries are created. The Seller will pay the survey cost. Final contract prices will not be adjusted to reflect any difference between the advertised and actual surveyed acres. Sale Method: The real estate will be offered in multiple tracts. All bids are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. The real estate will sell in the manner resulting in the highest total price. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without

LAND AUCTION 1,237+/- Acres Sedgwick County, Colorado and Deuel County, Nebraska Thursday, February 16, 2017 10:00 AM at the Julesburg Fire Hall Meeting Room 510 East First Street, Julesburg, Colorado Auction Information Meeting: Thursday, February 9 3:00 PM Fire Hall Meeting Room Productive Irrigated and Dry Cropland Farms Offered in Five Tracts! Real Estate Sales Auctions Farm and Ranch Management Appraisals Insurance Consultations Oil and Gas Management Lake Management Forest Resource Management National Hunting Leases FNC Ag Stock