Holdrege, NEPhelps County

Location: 3 miles east and 1/2 mile south of Holdrege on gravel road (73126 R Road)

Legal

Description: Lots 11 through 18, Section 6-T5N-R17W of the 6th P.M., Phelps County, Nebraska

Property

Description: Phelps County Assessor indicates a total of 322.44 acres. Farm consists of pivot and gravity irrigated cropland with dry crop and building improvements.

Building

Improvements: Farm contains a rural improvement site located in the west, that contains the following building

improvements and miscellaneous cattle pens:

House - 1,240 sq.ft. ranch style with partially finished full basement. Equipped with central air and heat is provided by a natural gas furnace.

720 sq.ft. garage;

2,560 sq.ft. storage building;

three grain storage bins having a total capacity of 23,000 bushels of corn.

FSA

Information: Phelps County Farm #3988 Total Cropland - 285.6 acres

Government Base Acres: Wheat 68.7 acres at 40 bu/acre;

Corn 197.9 acres at 142 bu/acre;

Soybeans 6.6 acres at 34 bu/acre

(yields are for both direct and counter cyclical payments)

Irrigation

Information: West Well East Well

Registration G018114 G010454

Completion 5/25/1956 7/19/1984

Gallonage 1,000 gpm 1,600 gpm

Well Depth 174’ 180’

Static water 114’ 78’

Pumping 145’ 120’

Column 8” 10”

Pump Western Land Roller Fairbanks Morse

Gearhead - - - - Amarillo, 100 hp

Power Unit U S Motors 60 hp electric Caterpillar, 87 hp 4 cylinder diesel (2005)

Pivot 1988 Valley 8 tower with drops 2004 Reinke, 7 tower with drops

Fuel Tank - - - - 1,000 gallon fuel tank

West Well provides water to the west pivot and to a riser located along the west via underground pipe

(Pivot irrigation system is owned by the tenant, and does not sell with property)

East Well provides water to the east pivot and to three risers via underground pipe.

Pivot irrigation system and power unit is tenant owned, and does not sell with property)

NRD

Information: The farm is located in the Tri-Basin NRD and has a total of 251.73 certified irrigated acres.

Soils: Soils consist of very productive Holdrege silt loam, with lesser amounts of Butler, Hord, and Scott

silt loam.

RE Taxes: 2008 Real Estate Tax - $9,111.14

List Price: $925,000 Cash

Comments: A very productive farm located in a strong farming community. (Property sells subject to a cash farm lease which terminates February 29, 2012)