Dalton, NECheyenne County

Prime Cheyenne County Land

297 Acres

197 Acres Irrigated (2 Pivots)

99 Acres of Dry Land

Land Located: 4 miles South of Dalton, Nebraska on Hwy. 385 to Road 48 then 7 miles west to the North East corner of the property.

Legal Description: East (except 17 acres in the SE ) Section 24, Township 16N, Range 51 West of the 6th P.M., Cheyenne County, Nebraska.

Building: A Morton 60X 48 w/14 side walls 23 doors on each end (east and west) and a walk in door on the north side.

General Description: This is a very productive farm both irrigated and dry land. The pivots are 2002 Valley models 8000. The north pivot irrigates 127 acres and has less then 3,000 hrs. The south pivot irrigates 70 acres with a large end gun. The hour meter shows 1,027 hours. The farm is leased for the 2008 growing season. The north pivot and the corners of it are planted to wheat. The south pivot will be planted to corn.

Well Information: The well registration number is G-116299 and is certified on 197 acres. The pump is driven by a 150 hp Caterpillar 3208 diesel engine. The hour meter shows 4,257 hours. The well is set at 800 GPM at 50 PSI. The sprinkler package on both pivots is set at 800 GPM. Flow meters are in place. This area is not at this time under a pumping allotment for the 2008 growing season, but will be in 2009 at 20 annually or 80 over 4 years.

Base Acres: The wheat base is 135.4 acres, direct yield of 35 bu. and total direct payment for 2007 was $2,095.

Taxes: $3,042.08 (2007)

Minerals: The Buyer will receive the Sellers share of the minerals which appears to be one-fourth.

Possession: After December 1st subject to cash lease.