800 CONTIGUOUS ACRES IRRIGATED LAND

                            AUCTION

     THURS AUGUST 21, 2008                   10:00 AMCT

LOCATION OF AUCTION: 4-H BUILDING IN JOHNSON, KS
                                                (SOUTHEAST CORNER OF TOWN)

LOCATION OF LAND: FROM JOHNSON,KS                                  

        INTERSECTION OF 160 & 27 HWYS; 5 MI. EAST TO ROAD H, 8 MI NORTH

        FROM SYRACUSE, KS; APPROX 20 MI. SOUTH TO ROAD 4, 4 MI EAST
                     

TRACT 1:

LEGAL DESCRIPTION: NORTH HALF (N ½) OF SECTION
              TWENTY TWO (22), TOWNSHIP TWENTY SEVEN (27),
              RANGE FORTY (40) WEST OF THE SIXTH PRINCIPLE
              MERIDIAN, STANTON COUNTY, KANSAS

DESCRIPTION OF LAND: 2 IRRIGATED CIRCLES ALL IN ‘08
              WHEAT STUBBLE & CORNERS ARE SUMMER FALLOW.

EQUIPMENT: 2- 1986 ZIMMATIC SPRINKLERS, WELL, DIESEL
             MOTOR, DIESEL TANK, PUMP & GEARHEAD, UNDER-
            GROUND PIPE & ELECTRICITY  

WATER INFO: OWNER SAYS WELL PUMPS APPROX 500+ GPM

TAXES: 2007 TAXES WERE $596.92 AND WILL BE PAID BY
               SELLER. 2008 TAXES WILL BE PRORATED TO DAY OF
               CLOSING BASED ON 2007 TAX RATE.

TRACT 2:

LEGAL DESCRIPTION: EAST HALF (E ½) OF SECTION TWENTY
             ONE (21), TOWNSHIP TWENTY SEVEN (27), RANGE
             FORTY (40) WEST OF THE SIXTH PRINCIPLE MERIDIAN,
             STANTON COUNTY, KANSAS

DESCRIPTION OF LAND: 2 IRRIGATED CIRCLES. ’08 WHEAT
            STUBBLE AND CORNERS ARE ALL IN GRASS.
            THE ONLY GROWING CROPS ARE SUNFLOWERS ON
            NE ¼ RESERVED BY OWNER UNTIL AFTER HARVEST OR
            FAILURE OF CROP & RELEASE FROM INSURANCE.
           THIS WOULD MAKE AN EXCELLENT PARCEL TO
           DEVELOP INTO A HUNTING PRESERVE AS THERE ARE
           A LOT OF MULE DEER, WHITE TAIL DEER, PHEASANTS
           AND OTHER GAME IN THIS AREA.

EQUIPMENT: 1- 1976 ZIMMATIC SPRINKLER LOCATED ON
              NE ¼ , PIVOT PADS LOCATED ON SE ¼  HOOKED
              TOGETHER W/UNDERGROUND PIPE & ELECTRICITY

WATER INFO: OWNER SAYS WELL PUMPS APPROX 200 GPM.
                OWNER HAD TEST IN 2007 WEST OF PRESENT WELL
                FOR APPROX 600 GPM. TEST RESULTS WILL BE
                FURNISHED TO INTERESTED BUYERS.

TAXES: 2007 TAXES WERE $468.01 AND WILL BE PAID BY
               SELLER. 2008 TAXES WILL BE PRORATED TO DAY OF
              CLOSING BASED ON 2007 TAX RATE.

TRACT 3:

LEGAL DESCRIPTION: SOUTHEAST QUARTER (SE ¼) OF
               SECTION FIFTEEN (15), TOWNSHIP TWENTY SEVEN
               (27), RANGE FORTY (40) WEST OF THE SIXTH
               PRINCIPLE MERIDIAN, STANTON COUNTY, KANSAS.

DESCRIPTION OF LAND: IRRIGATED CIRCLE ALL IN ‘08
               WHEAT STUBBLE AND CORNERS ARE GRASS.

EQUIPMENT: 1- 1976 ZIMMATIC SPRINKLER WITH UPDATES
              AND IS UNDERSLUNG WITH PLASTIC PIPE. DIESEL
             MOTOR, GEARHEAD TANK & PUMP.

WATER INFO: OWNER SAYS WELL PUMPS APPROX 700 GPM

EXISTING LEASE: THERE IS AN EXISTING LEASE FOR A
              NATURAL GAS COMPRESSOR STATION LOCATED
              NEAR THE SE CORNER OF THIS TRACT. THE PAYMENT
              FOR THIS LEASE IS RESERVED BY SELLERS.

TAXES: 2007 TAXES WERE $400.15 AND WILL BE PAID BY
               SELLER. 2008 TAXES WILL BE PRORATED TO DAY OF
              CLOSING BASED ON 2007 TAX RATE.

GENERAL INFORMATION

MANNER OF SALE: EACH TRACT WILL BE SOLD
               INDIVIDUALLY AND NOT BE COMBINED IN ANY
               MANNER.

EASEMENTS: SALE OF THE PROPERTY IS SUBJECT TO ANY
                          AND ALL EASEMENTS OF RECORD.

SURVEY: ANY SURVEY REQUESTED BY BUYER WILL BE AT
                  BUYER’S EXPENSE.

TERMS: CASH: $5,000.00 DOWN ON EACH TRACT DAY OF SALE
                TO BE PLACED IN ESCROW. BALANCE DUE AT
                CLOSING ON OR BEFORE SEPTEMBER 25, 2008.

POSSESSION: IMMEDIATE UPON PAYMENT OF PURCHASE
                PRICE IN FULL AND ACCEPTANCE OF DEED SUBJECT
                TO OWNER’S RESERVATION OF SUNFLOWER CROP
                LOCATED ON NE ¼ OF TRACT 2.

TITLE: TITLE WILL PASS WITH OWNER’S TITLE INSURANCE
              AND WARRANTY DEED WITH BUYER TO PAY 50% AND
              SELLER TO PAY 50% OF OWNER’S TITLE INSURANCE,
              ESCROW & CLOSING FEES CHARGED BY ESCROW
              AGENT.

SOILS: THIS IS GOOD FLAT LAND. THE SOILS ARE MOSTLY
              ULYSSES SILT LOAM AND MANTER FINE SANDY LOAM
              WITH 0 TO 3% SLOPES.

MINERALS: NO MINERALS ARE INCLUDED WITH THIS SALE.
              ALL MINERALS ARE RESERVED BY SELLER, SELLING
              ONLY SURFACE & WATER RIGHTS.

WATER RIGHTS: WATER RIGHTS ARE IN GOOD STANDING
             WITH THE STATE OF KANSAS. MORE INFORMATION
             AND HISTORY IS AVAILABLE ON EACH WELL.

FSA INFO: ALL ACREAGES AND BASES ARE APPROXIMATED
                    ALL FARMS ARE IN WITH LARGER FARMS AND
                    WILL BE RECONSTITUTED BY THE FSA OFFICE.

TRACT 1:                                                    Direct & CC Yields
                     Total Farmland     313.9 acres
                     Total Cropland      310.3 acres
                     Total Wheat Base  172.1 acres                   35 bu.
                     Total Corn Base      94.4 acres                  130 bu.

TRACT 2:
                     Total Farmland      315 acres
                     Total Cropland       245.7 acres
                     Total Wheat Base   116.9 acres                  41 bu.
                     Total Corn Base      123.3 acres                135 bu.

TRACT 3:
                     Total Farmland      161 acres
                     Total Cropland       122.8 acres
                     Total Wheat Base   121.7 acres                  41 bu.
                     Total Corn Base      unk.                       120 bu.

NOTE: THIS PROPERTY IS SOLD “AS IS WHERE IS” AND
            SUBJECT TO BUT NOT LIMITED TO ALL EASEMENTS,
            RIGHT OF WAYS, RESERVATIONS AND LEASES OF
            RECORD. ALL ANNOUNCEMENTS MADE SALE DAY
            SHALL HAVE PRECEDENCE OVER PRIOR ADVERTISING.
           NO WARRANTIES EXPRESSED OR IMPLIED. ALL
           INFORMATION GIVEN HERE IS BELIEVED TO BE FROM
           RELIABLE SOURCES AND BELIEVED TO BE CORRECT,
           HOWEVER, NO WARRANTIES AS TO THIS INFORMATION
           IS GIVEN BY EITHER THE BROKER OR THE SELLER.
           EACH PROSPECTIVE PURCHASER IS ADVISED
           TO SATISFY HIMSELF AS TO ACREAGES, BOUNDARIES,
           EASEMENTS, ALLOTMENTS, RIGHT OF WAYS, WATER
           AND WATER RIGHTS OR ANY OTHER INFORMATION.
          ONLY A GOOD TITLE IS WARRANTED. IF WE CAN ASSIST
          IN ANY WAY, PLEASE CONTACT US.

                                 SALE FOR

                                KENT WINGER 
                                 D&K Farms, W-4 Inc
                                      USING

                CARRITHERS AUCTION AND REAL ESTATE SERVICE
                        JAMES CARRITHERS, BROKER
                        BOX 121   JOHNSON,KS   620-492-2329