Franklin County Farm & Pasture

Descriptions

A great opportunity to add a sizeable & productive tract to your operation or investment portfolio

Located from Hildreth, 10 miles south on 27 Road. Just 7 miles south of HWY 4.

From Bloomington, 4 miles north on 27.5 Road.

Legal Description:

The East of Section 6, Township 2 North, Range 15 West of the 6th PM
The West Section 3, Township 2 North, Range 15 West of the 6th PM
The Southwest of Section 32, Township 3 North, Range 15 West of the 6th PM
The East of Section 31, Township 3 North, Range 15 West of the 6th PM
The West of the Northwest 1/4 of Section 32, Township 3 North, Range 15 West of the 6th PM
All in Franklin County, Nebraska

Total Tax Assessed Acres: 1,1212.71

Access: Access to the property can be from the north on N Road. From the east via private road off of Road 27.5 or from the south on Road 27 which is county maintained road.

About the Property: A turn-key operation is the best way to describe this land. This property has been well cared-for and setup to work well with any operation. This sizeable offering has a great combination of row crop production and livestock production. The northern part of the property is also an excellent setup for recreational game/hunting with trees and ponds. All the current equipment is included with sale. This is the first time in 20 years this property has been available and some of the property has been in this operation for 57 years.

This property can run 90 head of cows year round. Start with calving in the north 240 acres. Move the cows to the grass April 1st. Then move the cows to the cropland on November 1st. Youll enjoy the amount of water tanks throughout the property along with excellent 5 strand barbed wire fences throughout. The pasture has been managed very well and has very few cedar trees.

The pivot irrigated farmland is well setup with (3) 2002 Zimmatic 11 tower pivots, each pivot has a 2005 Caterpillar diesel power unit, (2) 1,000 gallon fuel tanks and (1) 1,000 gallon chemical tank. The wells are located at each pivot. Soils on the pivots consist of Nuckolls-Hobbs Complex, Coly-Uly Silt Loam, Uly Silt Loam & Holdrege Silt Loam.

The north 240 acres consists of 97 acres gravity irrigated cropland with mostly Holdrege Silt Loam soils. There is Chevy 454 natural gas power unit and 9 aluminum irrigation pipe included. This farm is setup with 3 risers on the west crop land and 1 riser on the east crop land. There is an electric livestock well with tank at the entrance into the 80 acre parcel. According to the FSA map there is approximately 130.91 acres of grass and tree cover. In the past, the owner has hayed any grass on this north 240 acres and pivot corners, producing on average 200 bales a annually depending on moisture.

Things To Note

All 5 strand barbed wire fence around the property and separating the pivots from the pasture.

Irrigation wells located at the pivot points

(3) 2002 Zimmatic 11 tower pivots with Valley control boxes. Updated sprinkler package 5 years ago.

(6) 1,000 gallon fuel tanks

(3) 1,000 gallon chemical tanks

(3) Caterpillar diesel power units

(1) Chevy 454 Natural Gas powerunits for north gravity farm

(3) Irrigation Wells

(3) Electric Livestock Wells with Underground Pipe

Underground piping throughout the north farm to risers for gravity irrigation and includes all 9 aluminum irrigation pipe currently at the farm.

Electric submersible located along the south boundary of the south pivot has underground piping to two Johnson waterers on concrete pads on the north and south side of the middle pivot. This submersible also feeds one hydrant in the southern portion of the pasture.

Electric Livestock well located in north center portion of the pasture

Lower Republican NRD: The year 2022 is the 5th year of the 45 allotment. There is a total of 28 per acre left for the 2022 year. According to the NRD, 10 can be carried over to the next 5 year allotment. There is a total of 481.8 certified irrigated acres.

Farm Service Agency Information: There are 494.5 crop land acres.
Base acres: 457.7 Corn, 23.03 Acres Soybeans,
Enrolled in PLC with 149 bushel corn yield and 61 bushel soybean yield.

Well Information: Broker has the information

Possession available for 2022 crop season if purchased soon.

2021 Taxes: $31,643.90

Price & Terms: $5,500,000 with 5% earnest deposit with signing of purchase agreement.

Income Production

Pivot Rent: 389.79 acres @ $275/acre = $107,192
Gravity Rent: 97.07 acres @ $225/acre = $21,841
Pasture Rent: 483.69 acres @ ($62 pair, 5 months, 7 acres capacity) = $21,390
Prairie Hay: 100 acres @ (2 bales an acre, 1,400lbs, $125 ton) = $17,500

Total Income: $167,923
Taxes: ($31,644)
Maintenance: ($3,000)
Insurance: ($3,000)

Net Income: $130,279

Capitalization Rate 2.37%