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Madden Pivot Irrigated, Pasture & CRPNEW LISTING

628.82 +/- Acres Total - Kimball County, NE

Description

Madden Pivot Irrigated, Pasture & CRP Land for Sale northwest of Bushnell, NE, Kimball County, NE. Excellent investment opportunity to purchase a diversified crop and livestock farm with Grassland CRP & CRP income.  2 irrigation wells, Lockwood 7 tower pivot and Olsen 6 tower pivot. 628.82+/- Total acres; 171.40 Total Base acres; 161 Certified Irrigation Acres with-in the SPNRD; CRP contract w/annual payment of $6,796; 192.51 acres at $35.30 per acre. Contract expires 09-30-2026.  Grassland CRP contract w/annual payment of $3,761; 250.73 acres at $15.00 per acre. Contract expires 09-30-2032. Possession on pivots subject to tenant cash lease through March, 2022; Mainly Class III & IV soils under the pivot; Good hunting opportunities! Seller reserving ½ of all owned mineral rights for 10 years.

LOCATION: From Bushnell, NE, Road 17 (Bushnell Road) north 5 miles to Road 44, with is the northeast corner of the section.        

LEGAL DESCRIPTION: All of Section 6, Township 15 North, Range 57 West of the 6th P.M., Kimball County, NE.

ACREAGE:   
161.05 +/- Acres Pivot Irrigated
 24.53 +/- Acres Dryland & Roads         
250.73 +/- Acres Grass & Grassland CRP
192.51 +/- Acres CRP     
628.82 +/- Acres Total

LAND USE:
Raising Corn, Alfalfa, Wheat, Proso Millet, Hay Millet, Edible Beans and Sunflowers. Terrain is level to rolling.

TENURE: Soils consist primarily of Class III & IV under the pivot.

FSA INFORMATION:
171.40 Base acres total. 44.00 Base Acres of Wheat w/35 bushel PLC yield. 127.40 Base Acres of Corn w/102 bushel PLC yield.

LIVESTOCK WATER:
(1) Submersible water well located in the pasture.

TAXES: 2017 due in 2018 real estate taxes: $6,877.24.

IRRIGATION WATER & EQUIPMENT:
161 Certified Irrigation Acres within the South Platte Natural Resources District; (2) Irrigation Wells & (2) Irrigation Pivots; (1) 1980’s Lockwood 7 tower pivot with 100 hp motor irrigates 106.45 ac.  107 certified irrigated acres with 24.84” remaining allocation for 2018 season & (1) 1970’s Olsen 6 tower pivot with 50 hp motor irrigates 54.6 ac.  54 certified irrigation acres with 27.49” remaining allocation for 2018 season; 39” Base Allocation plus 10” Carryforward from 1/01/2016 through 12/31/2018.  

CRP: CRP contract w/annual payment of $6,796 with 192.51 acres at $35.30 per acre. Contract expires 09-30-2026.  Grassland CRP contract w/annual payment of $3,761 with 250.73 acres at $15.00 per acre. Contract expires 09-30-2032.  

MINERAL RIGHTS: Seller shall reserve an undivided 50% interest in and to all oil, gas or other minerals, which the Seller owns and which are found on or beneath the subject premises, which reservation shall be for a period of 10 years from the recording of the deed and continuing so long as oil, gas or other minerals are being produced in paying quantities from the subject premises.  

GROWING CROPS:
Subject to tenant cash lease on pivot irrigated land.  The big pivot is currently in corn stalks and the small pivot is in growing alfalfa.    

POSSESSION:
  Possession subject to tenant lease on the pivot irrigated ground. Tenant cash lease is in effect through March 1, 2022. Possession upon closing on pasture and CRP.  

ASKING PRICE: $730,000

TERMS: Good funds at closing

North border:  Road 44
East border:  Road 17
South border:  Dryland & CRP
West border:  CRP & Pasture

PRIVATE LISTING NEBRASKA LISTING DISCLOSURE
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location and aerial maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective buyers are urged to fully inspect the property, its condition and to rely on their own conclusions.  All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Seller's Agent.

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Asking Price: $730,000

Quick Facts

  • Madden Pivot Irrigated, Pasture & CRP
  • 628.82+/- total acres
  • Kimball County, NE
  • 5 miles northwest of Bushnell, NE
  • Cash lease in place on pivot irrigated through March, 2022
  • Possession subject to tenant lease on pivot irrigated
  • Possession upon closing on pasture & CRP
  • Good county road access
  • 161 Certified Irrigation Acres
  • 250.73+/- Pasture acres (in grassland CRP)
  • 192.51+/- CRP acres
  • Irrigation wells within South Platte Natural Resources District
  • 24.84” remaining irrigation water allocation for 2018 growing season on big pivot
  • 27.49” remaining irrigation water allocation for 2018 growing season on small pivot
  • Mainly Class III & IV soils under the pivots
  • Crops grown in the area – corn, alfalfa, wheat, edible beans, proso / hay millet & sunflowers
  • (1) Lockwood 7 tower pivot w/ 100hp motor & (1) Olsen 6 tower pivot w/ 50hp motor
  • Seller reserving 50% of all owned mineral rights for 10 years
  • Good investment property with cash lease on pivots, CRP income and Grassland CRP income
  • Asking Price: $730,000.