Kearney, NE (Buffalo County)

Size: 381.6 Acres

Type: Farms and Ranches

381.6 Acres in Kearney, NE - $1,375,000

Location: 4 miles west of Kearney on U S Highway 30.

Legal

Description: N1/2 less tracts in the north and south, and less land utilized for railroad and road purposes, all in Section 2-T8N-R17W of the 6th P.M., Buffalo County, Nebraska, and the N1/2 SE1/4 and Lot 1 and the SE1/4 NE1/4 less land utilized for county road right of way and railroad purposes, Section 3-T8N-R17W of the 6th P.M., Buffalo County, Nebraska

Property

Description: Buffalo County assessor indicates a total of 381.6 acres. Farm consists of good quality cropland which also utilizes approxi- mately 38.5 acres of railroad property that is currently farmed with the subject. Cropland is gravity irrigated with exception to 74 acres in the south, that is in alfalfa and has not been irrigated for several years.

FSA Info: Buffalo County Farm #4760

Total cropland - 408.0 acres. (Railroad land is in combination...

Total cropland - 408.0 acres. (Railroad land is in combination with subject property)

Government Base Acres:

Corn 273.6 acres with direct yield of 125 bu/ac and counter cyclical yield of 156 bu/acre

Soybeans 70.6 acres with direct yield of 38 bu/ac and counter cyclical yield of 46 bu/ac

All cropland is considered non-highly erodible by the NRCS.

Irrigation

Information: Water for irrigation is provided by 422 appropriated water rights from the Nebraska Public Power & Irrigation

District. Farm receives water from the Kearney Canal, which has a water right priority date of 9/10/1882.

Current cost of the water is approximately $25.20 per irrigated acres. Farm receives 24 inches of water from

four waterings. The farm has three pump sites along with one turnout.

Pump site #1 is located along the north border of the NE1/4 Section 2. It consists of a Bergen centrifugal pump powered by a 10 hp electric motor. Water is distributed by gated irrigation pipe.

Pump site #2 is located in the NW 1/4 south of the railroad tracks. It consists of a Gorman Rupp pump

Pump Site #3 is located in the northwest corner of the SW1/4 Section 2. It is equipped with an electric hook up.

Additional Irrigation Pipe - 9,720 feet of 8 inch gated aluminum and plastic irrigation pipe. 1,860 feet of 10 inch aluminum and plastic irrigation pipe.

The subject property is located in the Central Platte Natural Resource District. The Central Platte NRD indicates the subject property to have 405.9 certified irrigated acres.

Railroad

Property: Bisecting the property east to west is a rail line of the Union Pacific Railroad. Approximately 38.5 acres of land owned by the railroad is currently being farmed with the subject. Current lease for this ground is $1,500 per year.

Soils: Soils of the subject property consist primarily of Class I Hord, Hall and Cozad silt loams, along with lesser amounts of Class II and III Wood River, Cozad and Gibbon silt loams.

Taxes: 2008 Real Estate Taxes - $9,982.40

List Price: $1,375,000 Cash

Comments: This is a very productive Platte Valley farm that has been well maintained and is located close to the community of Kearney