Land Area: 795.64 Acres
This is a productive dryland and pivot irrigated farm. This farm carries good 2 and 3 class soils and is in an excellent water area. The drycrop acres consist of 139± acres providing diversity for the farm. One Reinke pivot provides water for the 124± pivot irrigated acres. The pivot has a 100 HP electric motor. There is good access to this farm with grain markets and an ethanol plant just a few short miles away.
With the good crop cover, there is excellent upland game hunting potential.
The current tenants have the farming rental rights for 2020, and have a reputation of being honest farmers. They would rent the farm back in 2021.
NOTE: The FSA base acres are combined with the tenants’ acres.
Estimated Cash Lease Income
139.5 Drycrop Acres @ $45 Per Acre = 6,277.00
124.5 Pivot Irrigated Acres@ $200 Per Acre= 24,900.00
Gross Income 31,177.00
Real Estate Taxes (8,000.00)
Pivot Maintenance (2,000.00)
Insurance Pivot & Liability (3,000.00)
Net Income $18,177.00
Return on Investment – 3%
Section 4: SW 1/4
Section 5: PT of SE1/4
Estimated Taxes: $4,112.000
Address: Grainton/Elsie, NE 69169
Hayes County Pivot and Drycrop Parcel 2 - Grainton, Elsie, NE 69169, USA
Hayes County Pivot and Drycrop Parcel 2- Grainton, Elsie, NE 69169, USA