, Stapleton, NE - Logan County

Location: From Stapleton, NE; 3 miles west then 2.5 miles south.

Legal

Description: SW1/4 Section 17, NW1/4 Section 20-T17N-R28W of the 6th PM

Acres: Logan County Assessor reports 316 taxed acres

Taxes: 2007 Taxes payable in 2008 are $2,839

Land Use: There are 286.6 acres cropland of which 260 acres are under pivot irrigation and 26.6 acres are dryland corners. There are 29.4 acres grass corners.

FSA Info: 260 acres corn base at 105 bu. & 22.6 acres soybeans base at 27 bu. Direct and CC yields

Water: Registered NE wells GPM Static Pumping Well depth Column

G-070661 Comp. 7/25/1979 800 90’ 120’ 230’ 8”

G-070920 Comp. 6/09/1988 900 150’ 160’ 340’ 8”

Improvements: Both pivots are Pierce systems with new low pressure drop spray packages put on in 2004. New Amarillo gears were installed in 2006. The north well was pulled and reworked in 2004 and the south well was reworked in 2006. There was a new control panel installed on the north pivot in 2006. Each pivot has a Lima generator and John Deere power unit and fuel tanks.

Soils: Soils consist of a mix of Hersh, Valentine, Uly-Holdrege, Uly-Coly and Anselmo loams.

Price: $495,000 cash or $1,904/acre.

Comments: The property has 260 certified irrigated acres with the Upper Loup NRD. The irrigation equipment has been upgraded where needed. A high voltage electric transmission line crosses the southwest edge of this property. Here is an opportunity to buy irrigated land and take advantage of the excellent commodity market.