Hayes County Pivot and Drycrop Parcel 2 For Sale Farms, Recreational

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 128± acres providing diversity for the farm.  One Reinke pivot provides water for the 136± pivot irrigated acres.   The pivot has an 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 Acres
Drycrop: 128.00±
Pivot Irrigated:136.00±
Roads:  10.00±
Total: 274.00±

Estimated Cash Lease Income
128 Drycrop Acres @ $45 Per Acre = 5,760.00
136 Pivot Irrigated Acres@ $200 Per Acre= 27,200.00
Gross Income  32,960.00
Real Estate Taxes  (8,000.00)
Pivot Maintenance  (2,000.00)
Insurance Pivot & Liability   (3,000.00)
Net Income $19,960.00

Return on Investment – 3%

Legal Description:
All in Township 8 North, Range 35 West of the 6th P.M., Hayes County, NE
Section 5: PT of SE1/4

Estimated Taxes: $4,112.000

Address: Grainton/Elsie, NE 69169
County: Hayes