Grainton, Grainton, NE 69169 - Hayes County

This is a productive dryland and pivot irrigated farm. This farm carries good 2 and 3 class soils and is in an excellent water area. The drycrop acres consist of 288 acres providing diversity for the farm. One Reinke pivot provides water for the 136 pivot irrigated acres. The pivot has an electric motor. There is good access to this farm with grain markets and an ethanol plant just a few short miles away. With the good crop cover, there is excellent upland game hunting potential. The current tenants have the farming rental rights for 2020, and have a reputation of being honest farmers. They would rent the farm back in 2021. NOTE: The FSA base acres are combined with the tenants acres. Estimated Acres Drycrop: 288.00 Pivot Irrigated:136.00 Roads: 10.00 Total: 434.00 Estimated Cash Lease Income 288 Drycrop Acres @ $45 Per Acre = 12,960.00 136 Pivot Irrigated Acres@ $200 Per Acre= 27,200.00 Gross Income 40,160.00 Real Estate Taxes (8,000.00) Pivot Maintenance (2,000.00) Insurance Pivot & Liability (3,000.00) Net Income $27,160.00 Return on Investment 3% Legal Description: All in Township 8 North, Range 35 West of the 6th P.M., Hayes County, NE Section 4: W 1/2 Section 5: PT of SE1/4 Estimated Taxes:$8,000.00 Address:Grainton/Elsie, NE 69169 County:Hayes