Minden , Minden, NE 68959(Kearney County)

Property is available as a whole or as individual parcels. Parcel 1consists of pivot irrigated and dry cropland with pasture.Access is provided by gravel roads bordering the south and east. The 10 tower T&L pivot has had work done to it over the past 2 years.The well is a fiberglass cased well. The G.P.S. system at the pivot point belongs to the tenant.The improvement site is located in the southeast corner and is not included with the listing. Parcel 1 is undulating to gently rolling cropland of which approximately 123.10 acres is pivot irrigated. Water for irrigation is provided by a well powered by a tenant owned diesel engine located at the pivot point. Water is distributed by a reversing T&L pivot irrigation system. (Pivot must reverse due to location of an improvement site not included in the sale.) Cropland terrain is undulating to gently rolling with all in row crop production with the exception to the north pivot corners and 20 strip along the west border that is in grass. The balance of the parcel consists of rolling sandhills pasture located in the north that has good grass cover, fair to average border fencing and livestock water provided by a well equipped with windmill located along the east border. Parcel 1 is of fair to average quality, and all areas appear well managed. Parcel 2 consists of sandhills pasture which has good grass cover, rolling to rough terrain and border fencing consisting of 4 and 5 strand barbed wire on mostly wood post that is in fair condition. Livestock water is provided by a well equipped with windmill and cistern located in the east along with a small dugout located in the northwest. Electricity is available near the northwest corner and Parcel 2 is considered to be of fair to average to good quality, and all areas appear well managed. Parcel 3 consists almost entirely of dry cropland which has undulating to gently rolling terrain. Access is provided by gravel roads bordering the west and south. Located in its northeast corner is a .29-acre low area that is in trees while the balance of the parcel is in dry cropland. Parcel 3 is of average quality, and all areas appear well managed. Parcel 4consists of pivot irrigated and dry cropland.Access is provided by gravel roads bordering the west and south.The 8 Tower T&L pivot is two years old and has 868 hours on it.The G.P.S. system on the pivot point belongs to the tenant.It is not included in the listing. The improvement site is located along the south and consists of approximately 5.24 surveyed acres. It is not included in the listing. The balance of the parcel consists of undulating to gently rolling cropland of which approximately 123.80 acres is pivot irrigated. Water for irrigation is provided by a well powered by a tenant owned natural gas engine located at the pivot point with water distributed by a reversing pivot irrigation system. (Pivot must reverse due to location of an improvement site not included in the sale.) Parcel 4 is of fair to average quality, and all areas appear well managed. Price/Acres Parcel #1: $1,169,600 (Kearney County Pivot and Range) Pivot irrigated cropland 123.10 Dry cropland 35.80 Pasture 44.20 Roads & waste 6.41 Total 204.71 Parcel #2: $313,785 (Kearney County Range) Pasture 159.00 Roads & waste 3.32 Total 162.32 Parcel #3: $142,635 (Kearney County Dryland) Dry cropland 37.90 Off season pasture .30 Roads & waste 1.92 Total 40.12 Parcel #4: $1,226,680 (Kearney County Pivot and Dryland) Pivot irrigated cropland 123.80 Dry cropland 24.20 Roads & waste 4.20 Total 151.20 Certified Irrigated Acres Certified irrigated acres from the Tri-Basin Natural Resource District: Parcel #1 123.14 certified irrigated acres Parcel #4 123.82 certified irrigated acres Irrigation Information Water for the irrigated portions of Brooks Farm is provided by two irrigation wells. Irrigation well, water, and equipment information for each Parcels #1 and #4 is as follows: Parcel #1 Well Registration G069041 Completion Date 09/13/1983 @ 800 gpm Well Depth 130 Static Water Level 11 Pumping Level 29 Column 8 Pump-Western Land Roller, average condition Gearhead-Amarillo, 60hp, average condition Pivot-10 Tower T&L hydraulic, fair condition Power provided by a tenant owned diesel engine. Pivot is required to reverse due to location of the improvement site. Information from tenant indicates that pivot is in good working order. Parcel #4 Well Registration G037481 Completion Date 07/05/1972 @ 1,000 gpm Well Depth 130 Static Water Level 21 Pumping Level 31 Column 8 Pump-Layne Bowler, average condition Gearhead-Randolph, 60hp, average condition Pivot-8 Tower T&L hydraulic. Has 868 hours, good condition Power provided by a tenant owned natural gas engine. Pivot is required to reverse due to location of the improvement site. Estimated Income The following are estimated income and expense summaries for Parcels #1 through #4 Parcel #1 Income: 123.1 acres pivot irrigated @ 260/A = $32,006 35.8 acres dry cropland @ $100/A = $3,580 44.2 acres pasture @ $40/A = $1,768 Total Income $37,354 Expenses: Real Estate Taxes $7,024 Insurance $2,700 8% Management $2,988 Maintenance $2,500 Total Expense $15,212 Net Income: $22,142 Parcel #2 Income: 159.0 acres pasture @ $43.50/A = $6,917 Total Income $6,917 Expenses: Real Estate Taxes $1,593 Insurance $100 8% Management $553 Maintenance $200 Total Expense $2,466 Net Income: $4,471 Parcel #3 Income: 37.9 acres dry cropland @ $110/A = $4,169 Total Income $4,169 Expenses: Real Estate Taxes $891 Insurance $50 8% Management $334 Maintenance $25 Total Expense $1,300 Net Income: $2,869 Parcel #4 Income: 123.8 acres pivot irrigated @ $260/A = $32,188 24.2 acres dry cropland @ $110/A = $2,662 Total Income $34,850 Expenses: Real Estate Taxes $6,618 Insurance $2,200 8% Management $2,788 Maintenance $2,000 Total Expense $13,606 Net Income: $21,244 Legal Description Parcel #1 S 60.00 acres of NE1/4 and SE1/4 Section 9-T7N-R15W of the 6th P.M., Kearney County, Nebraska Less 13.78 acres of improvements located in the southeast corner of the southeast quarter Parcel #2 S1/2 S1/2 Section 4-T7N-R15W of the 6th P.M., Kearney County, Nebraska Parcel #3 Lots 4 & 9, being the SW1/4SW1/4 Section 17-T7N-R15W of the 6th P.M., Kearney County,Nebraska Parcel #4 SW1/4 Section 18-T7N-R15W of the 6th P.M., Kearney County, Nebraska Less 5.24 acres of improvements located in the South 1/2 of said quarter Estimated Taxes Parcel #1: $6,541.00 Parcel #2: $1,592.94 Parcel #3: $891.12 Parcel #4: $6,316.00