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Wallace NE Pivot Irrigated Farm

MLS Number: NE345052
Price: $1,000,000
Price Alt.: 1000000'..'
Features: Electricity, Feedlot, Hunting, Hwy-County Rd Frontage, Irrigated, Landing Strip, Minerals, Pivot Irrigation, Water Rights, Water Well
Acreage : 215.00
State: Nebraska
County: Lincoln
Status: Under Contract
Property Documents: Brochure

A nice farm located in a competitive area for grain marketing with 2 grain facilities within 8 miles, large feedlot 20 miles away and 2 ethanol plants within 25 miles and another 40 miles away. The current tenant would consider staying on for an investor Buyer. He has indicated the well is very strong with water supply. As normal with older pivot irrigation systems this one may need some upgrades. This farm historically produces 220 bushel corn yields.
The farm includes 193.1 Middle Republican NRD certified irrigated acres and approximately 15 acres of grass around the edge of pivot and in the northeast corner. The soils under the pivot consist of 100% Class IV Valent sand. The farm is very gently rolling.
Irrigation Equipment includes older Zimmatic 12 tower pivot with low pressure drop sprinkler package, 125 hp electric motor, 9” Sargent pump and electrical panel. The Middle Republican NRD has a pumping restriction of 60” for years 2018—2022. The amount available to this farm for 2020, 2021 and 2022 is 53.81”
Irrigation Well: G-059819 drilled in December 1977 to 460’; Static water at drilling was 46’ pump set at 177’. The well tested to 2,198 gpm at drilling. Sargent Irrigation replaced the inner column in August 2016. An efficiency test was completed in July 2016 and the well tested to be 77% efficient.
FSA BASE: Farm has 193.09 cropland acres, it was enrolled in ARC-CO and has 191.9 acres of corn base with 153 bushel yield
BROKER’S COMMENT: This farm is for sale for no other reason that the owners are moving to Colorado for Doctors. The farm will sell and Buyers are encouraged to make offers accordingly. The grass pasture around this pivot is also for sale. Ask Duane about it.

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