Loomis, NE 68958 - Phelps County

Offered for sale is this well located excellent farm in central Phelps County a mile north of Loomis, Nebraska. There is a total of 159.27 acres according to the Phelps County assessor. There are 155.34 acres of irrigated cropland with the balance in roads. Irrigation water is provided by surface water through the Central Nebraska Public Power and Irrigation District. The farm has 155.34 acres of certified irrigated acres with the Tri-Basin NRD. The farm is currently being irrigated by Center Pivot. The soils are made up of mostly Holdrege and some Scott silt loam soils. The property lies adjacent to a paved road and is in very close proximity to competitive grain markets. CHS/Loomis, Scoular/Holdrege, Cargill/Holdrege are all within ten miles of the property. There is also a strong demand for grain from numerous feedlots within the area and ethanol plants not far outside of the area.

LOCATION: The property is located from the junction of Highway 23 and the Loomis/Overton Road on the west edge of Loomis; go 1.0 mile north to 736 Road. The property sits on the west side of the highway.

LEGAL: The Southeast Quarter of Section Seven (7), Township Six (6) North, Range Nineteen (19) West of the 6th P.M. in Phelps County, Nebraska

FSA INFORMATION: Tract #404; Farmland 156.39; Cropland 154.59; DCP Cropland 154.99; Total Base Acres 151.60; Base Acreage Corn - 151.0; PLC Yield 175; Base Acreage Beans - 0.6; PLC Yield 56

IRRIGATION/WELL INFORMATION: Pivot irrigated farm; current tenant is using his equipment to irrigate the property. The underground pipe, wiring and concrete pads are owned by the Trust. Irrigation water deliveries are scheduled with the Central Nebraska Public Power and Irrigation District. There are 155.34 acres of certified irrigated acres in the Tri-basin Natural Resource District.

MINERAL RIGHTS: Full mineral rights sell with the property.

LEASE TERMS: 2017 leasehold estate with the current tenant; full possession for the 2018 crop year.

2016 TAXES: $8,096.14 - 2017 assesed value $835,270