NOTE: Seller will sell 5 separate tracts; however, tracts 1 and 2 must sell before tracts 4 and 5
AcresDrycrop/corners: 119.5Pivot Irrigated: 906Range: 640.58Farm Site: 9Roads: 26.85TOTAL: 1701.93
Tract 1: 211 pivot irrigated acres 19.5 drycrop corners $1,376,100Tract 2: 274 pivot irrigated acres 42 drycrop acres $1,686,000
Tract 3: 562.50 range acres + buildings & ground $772,900
Tract 4: 137 pivot irrigated acres 24 drycrop acres + improvements & grain storage $870,000
Tract 5: 284 pivot irrigated acres 24 drycrop acres 22.08 range acres $1,775,000
Certified Irrigated Acres (as per Middle Republican Natural Resource District)Curtis NE: 5 year allocation period started in 2013 with 65.34 inches 896.2 Certified Irrigated Acres 43.5 inches left since end of 2014 growing season 60 inches + 5.34 inch carry over in 2013
Equipment5 center pivot irrigation machines;2008 Zimmatic 11 Tower1974 T & L 7 Tower1974 Zimmatic 15 Tower1974 Zimmatic 10 Tower1972 Zimmatic 10 Tower5 pumps and gear heads
Potential Bushel Lease IncomeThe current tenant has leased the farm for the past eight years. The lease is a 52,000 corn bushel lease. This include the rental of the house, all rangeland, all drycrop and of course all pivot irrigated acres. The 52,000 bushels of corn acres to be deliver the nearest elevator at the tenants expense. All major repairs are at the owners expense. All minor repairs and labor are the tenants expense.
52,000 bushels @ $3.75 = $195,000Real Estate Taxes = ($28,062)Maintenance = ($7,500)Insurance = ($7,500)TOTAL INCOME: $151,938
2% ROI at $3.75 corn. Do the math on a $5 corn year! Wow! Great investment!
8 miles west and 2 miles north of Hayes Center, Nebraska
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