Heartwell, NEKearney County

LOCATION: Located 1 1/2 miles south of the small community of

Heartwell, or 9 miles northeast of Minden, Nebraska. Farm

located on the corner of paved 40 Road, and O Road (gravel)

LEGAL

DESCRIPTION: S1/2 Section 28-T7N-R13W of the 6th P.M.,

Kearney County, Nebraska.

PROPERTY

DESCRIPTION: Kearney County Assessor indicates a total of 322.02 acres. Farm consists of two high quality pivot irrigated quarters.

FSA

INFORMATION: Total Cropland - 310.3 acres

Government Base Acres:

Wheat 25.7 acres at 38 bu/acre

Corn 210.0 acres at 130 bu/acre

Soybeans 70.2 acres at 43 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 two wells. Farm also contains an inactive well, and a re-use

pit. Irrigation well and equipment information is as follows:

SW 1/4 SE1/4

Well Registration G070814 G027097

Completion Date 7/6/1988 12/20/1966

GPM 1,600 950

Well Depth 200’ 180’

Static Water Level 76’ 72’

Pumping Level 103’ 95’

Column 10” 10”

Pump Layne Bowler Layne Bowler

Gearhead Amarillo Amarillo

Power Unit - John Deere, 404D Turbo diesel John Deere, 404D diesel engine

Pivot - Zimmatic, 7 tower Model G2 Zimmatic, 7 tower Model G2

Purchased in 2006 Purchased in 2006

BUILDING

IMPROVEMENTS: 2,368 sq.ft. quonset, with concrete floor.

NON-OPERATIONAL

WELL: Well Registration - G005293, Completion date - June 3, 1955 at 1,100 gpm, Well depth - 171’

Static Water Level - 72’, Pumping Level - 82’, Column - 8”, Pump - Layne Bowler

Located in the E1/2 SW1/4.

RE-USE PIT: Located in the southeast corner of the SE1/4. Contains a pump with 7.5hp electric motor.

NATURAL RESOURCE

DISTRICT INFORMATION: Farm is located in the Tri-Basin Natural Resource District (NRD) and contains 311 certified irrigated acres

SOILS: Soils consist primarily of Class I Detroit, Holdrege, and Kenesaw silt loams with a minor amount of Class II Rusco, Butler, and Coly-Kenesaw silt loams. Slopes range from 0-3%.

REAL ESTATE

TAXES: 2009 Real Estate Taxes - $9,392.42

LIST PRICE: $1,580,000 Cash (SW1/4 - $800,000)

(SE1/4 - $780,000)

COMMENTS: This is an opportunity to own a top quality pivot irrigated farm located in a strong farming

community. (Farm sells subject to a 2010 cash farm lease.)