Lincoln-Keith County Pivots
These center-pivot irrigated quarters are located in in some of the best ground water areas in the State of Nebraska. The Sutherland Reservoir and the canal leading into the Sutherland Reservoir exert a damming effect on the area ground water aquifir. Pivot-irrigated farm ground in this area is highly coveted by investors because of the long-term interest in ground water and pumping restrictions.
At one time the owner grew alternative crops in the corners of the N1/2 of 4-12-34 and in the SE1/4 corner of the NE1/4 corner. This in addition to extending more irrigated acres with end guns created additional certified acres. This is a plus in that if there is a need for more water in the future it will be there. All of these pivots are located in the Twin Platte Natural Resource District. Currently there are no restrictions as to numbers of inches pumped in any one season.
Acres ...
Acres Tracts 1 Tract 2 Total
Pivot Irrigated: 285.16 132.79 426.06
Drycrop Corners 45.54 45.54
Trees, Roads, and Waste 25.31 2.13 27.44
Total: 499.04
Note: The Seller has leased 2015 crops to an area operator. Said lease is a cash lease. See broker for details.
Well Information:
Tract 1: G-076203 drilled 3.28.1992 to 355; static water 156 at drilling; pumping level 186 at drilling. 800 gpm at drilling. Electric Motor 97 HP.
G-076202 drilled 3.26.1992 to 365; static water 158 at drilling; pumping level 184 at drilling. 750 gpm at drilling. Electric Motor 82 HP.
G-152606 drilled 5.5.1992 to 365; static water 166 at drilling; pumping level 184 at drilling. 100 gpm at drilling.
Tract 2: G-063736 drilled 3.5.1980 to 365; static water 166 at drilling; pumping level 200 at drilling. 2,198 gpm at drilling. Electric Motor 61 HP.
Equipment: 3 Zimmatic Pivots, Pumps, Gearheads, and Electric Motors
Twin Platte Natural Resource District Certified Irrigated Acres
Tract 1: 289.72 (Includes 3 corners)
Tract 2: 132.79
Income Potential
Estimated Cash Lease Income
426.06 Pivot Irr. @ $250 = $106,500
45.54 Drycrop @ $55 = $2,500
Total Gross Income = $109,005
Overhead Expenses
Property and Occupational Taxes = $16,074
Full Replacement Insurance = $7,500
Maintenance = $3,000
Total Overhead Expenses = $26,574
Total Net Income: $82,431 (2.5%) R.O.I.
F.S.A Information Corn Soybeans Wheat
Crop: 303.6 3.4 51.1
Yield 147
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