Description
This is an extremely well developed track of farm ground in North Central Nebraska. These nine center pivot machines, and the diesel motors are only 8 years old. They are located in gently rolling sandhils. This is an excellent ground water area, and part of 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 recreational value as Evergreen Creek runs through the Southwest portion of the property itself. This would provide excellent mule deer and whitetail deer hunting, as well as 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!
Acres
Pivot Irrigated: 1,092.21±
Range/timber/water: 171.86±
Range corners: 319.75±
Total: 1,583.82±
Estimated Cash Lease Income:
1,170± irrigated acres @ $150.00 = $175,500
319.75 range acres @$20.00 = $6,395
Gross Income = $181,895
Real Estate Taxes = ($47,682)
Insurance ($2,500 per pivot x9) = ($22,500)
Pivot maintenance ($13,500)
Estimated Cash Lease Income = $98,213
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
Taxes: $47,682.38
Address: Johnstown, NE 69214
County: Brown
