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

Grainton, Elsie, NE 69169, USA
$1,025,600
  • Description
  • Map
  • Features

Description

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 288± 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: 288.00±
Pivot Irrigated:136.00±
Roads:  10.00±
Total: 434.00±

Estimated Cash Lease Income
288 Drycrop Acres @ $45 Per Acre = 12,960.00
136 Pivot Irrigated Acres@ $200 Per Acre= 27,200.00
Gross Income  40,160.00
Real Estate Taxes  (8,000.00)
Pivot Maintenance  (2,000.00)
Insurance Pivot & Liability   (3,000.00)
Net Income $27,160.00

Return on Investment – 3%

Legal Description:
All in Township 8 North, Range 35 West of the 6th P.M., Hayes County, NE
Section 4: W 1/2
Section 5: PT of SE1/4

Estimated Taxes: $8,000.00

Address: Grainton/Elsie, NE 69169
County: Hayes

 

Map

  • City: Grainton
  • State/county: Nebraska
  • Zip/Postal Code: 69169
  • Neighborhood: Hayes County
  • Country: United States

Similar Properties

Under Contract
$2,400,000
Under Contract

Hayes County Pivots and Drycrop

Grainton, Elsie, NE 69169, USA

Land Area: 795.64 Acres

Farms, Recreational

Michael G. Lashley

4 months ago

$2,400,000

Land Area: 795.64 Acres

Farms, Recreational

4 months ago