Johnstown , Johnstown, NE 69214(Brown County)

Click here to watch a video of this property. This is an extremely well developed track of farm ground in North Central Nebraska. These nine center pivot machines are only eight years old. The diesel motors are only eight years old as well. The ground is gently rolling sand hills. They are located in an excellent ground water area. This NRD is the middle Niobrara NRD. There are no pumping restrictions on any of the wells. There is an easement off of Highway 20 that is a good gravel road to the pivot site. There are very well-developed roads to all nine pivots. In addition, there is recreation value as Evergreen Creek runs through the Southwest portion of the property itself. This would provide excellent mule deer and whitetail deer hunting. Not to mention wild turkey and upland game. Evergreen Creek runs year-round and is spring fed. This farm is a very productive farm and the pictures prove it! Taxes:$43,308.96 Legal Description:Pt of Section 21,22,27 and 38, All in Township 31 North, Range 24 West of the 6th P.M., Brown County, Nebraska Estimated Cash Lease Income: 1,170 irrigated acres @ $160.00 = $187,200 319.75 range acres @$20.00 = $6,395 Gross Income = $193,595 Real Estate Taxes = ($43,309) Insurance ($2,500 per pivot x9) = ($22,500) Pivot maintenance ($13,500) Estimated Cash Lease Income = $114,286 = 2.5% Net ROI Well Information: See Well Information in the property brochure FSA Information: See FSA Information in the property brochure County:Brown Address:Johnstown, NE 69214