Ravenna, NEBuffalo County

LOCATION: 3 miles west of Ravenna, with access provided by U S Highway 2, and county gravel roads.

Located on the corner of 370th Road & Jasper Road.

LEGAL

DESCRIPTION: NW1/4 Section 12-T12N-R15W of the 6th P.M., Buffalo County, Nebraska, with exceptions.

PROPERTY

DESCRIPTION: Buffalo County Assessor indicates a total of 147.26 acres. Farm consists of gravity irrigated and dry cropland that is bisected by a rail line of the Burlington Northern Railroad, and heavily wooded Mudd Creek.

FSA

INFORMATION: Information obtained from the Buffalo County Farm Service Agency indicates the following:

Total Cropland 124.8 acres

Government Base Acres

Corn 69.8 acres at 129 bu/acre

Soybeans 4.3 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 an irrigation well and re-use pit.

Well Registration G002593

Completion Date 12/18/1956 at 1,000 gpm

Pump - Western Land Roller, belt driven

Power Unit - Century 25 hp electric motor

Re-Use pit - located in the east north of the railroad. Water is pumped from the pit with a floating pit pump equipped with a 7.5 hp electric motor, and then delivered via underground pipe to a riser. (Farm sells with 2,580 feet of 8 inch gated aluminum irrigation pipe, 450 feet of 8 inch gated plastic irrigation pipe, and 42 feet of 8 inch aluminum mainline)

WATER RIGHT

INFORMATION: Property contains 113.0 acres water rights from Mudd (Beaver) Creek.

Appropriation #A-1871B.

Priority Date - November 1926.

(Natural flow permit 1.61 cfs or 722 gpm)

NRD

INFORMATION: The subject property is located in the Lower Loup Natural Resource District and contains 98.0 certified irrigated acres.

SOILS: Cropland soils consist primarily of Class I and II Grigston, Cass, and Hord silt loams, and fine sandy loams, with slopes of 0-3%.

RE TAXES: 2008 - $2,587.84

LIST PRICE: $335,000.00 CASH

COMMENTS: This is a very productive farm located in a strong farming community.

(Property sells subject to a cash farm lease which terminates February 28, 2010. Seller to retain all 2009 landlord income)