Loomis, NE 68958 - Phelps County

LOCATION: Located adjacent to the community of

Loomis, Nebraska, with access provided

by paved Loomis-Overton Road bordering

the west, and a deeded easement road

extending from Ludeke Street to the

propertys south border.

LEGAL

DESCRIPTION: Part of the SW1/4 Section 17-T6N-R19W

of the 6th P.M., Phelps County, Nebraska.

PROPERTY

DESCRIPTION: Phelps County Assessor indicates a total of 135.57 acres. Farm consists of pivot irrigated

cropland with gravity irrigated and dry crop corners, along with grassland.

FARM SERVICE AGENCY

INFORMATION: Total cropland acres - 125.4 acres

Government base acres:

Corn 118.5 acres at 135 bu/acre

Soybeans 6.3 acres at 41 bu/acre

(yields are for both direct and counter cyclical payments)

All cropland is considered non-highly erodible by the NRCS)

IRRIGATION

INFORMATION: Water for irrigation is provided by a well and water rights from the Central Nebraska Public

Power & Irrigation District. Information pertaining to Stark Farm is as follows:

Well registration G032462

Completion Date 4/13/2005 at 1,000 gpm

Well Depth 400

Static Water Level 119

Pumping Level 164

Column 8

Pump - Sargent Gearhead - Amarillo 100 hp

A tenant owned diesel engine provides power to the well and water is distributed by a tenant

owned pivot irrigation system. (The diesel power unit, fuel tanks, and pivot irrigation

system are tenant owned, and do not sell with property)

WATER RIGHT

INFORMATION: Stark Farm has 129.0 contract acre water rights from the Central Nebraska Public Power &

Irrigation District. Current cost of the water is $29.35 for the first 9 inches, with additional

water charged at $1.03 per inch.

NRD

INFORMATION: Stark Farm is located within the Tri-Basin Natural Resource District (NRD), and contains

126.2 certified irrigated acres.

SOILS: Soils consist primarily of Class I & II Holdrege silt loams, with slopes of 0-3%, and

minor amounts of Class II Butler silt loam, and Class III Holdrege silt loams.

TAXES: 2010 Real Estate Tax - $3,864.80

LIST PRICE: $850,000 CASH

COMMENTS: This is a well maintained, very productive farm located in a strong farming community. Farm

sells subject to a 2011 cash farm lease.