, Benkelman, NE - Dundy County

Location: 4 Miles west and 3 miles north of Benkelman, Nebraska

Legal

Description: Parcel #1: N1/2 Section 4-T1N-R38W

Parcel #2: S1/2 Section 33-T2N-R38W

Access: Good county road, Ave 333 along west side, fair county road, Ave 334 along east side

Mineral Rights: Seller reserves mineral rights for 20 years.

URNRD: The Upper Republican NRD records show Parcel #1 as 148 certified irrigated acres with 123.9 acres enrolled in the non irrigated EQIP program ending 12/31/08. Parcel #1 has 242 inches carry forward. Parcel #2 has 130.4 certified acres and 202 inches carry forward.

Irrigation Wells: Parcel #1 has three registered irrigation wells: A-007214 drilled in 1955;

G-031555 drilled in 1969; and G-055901 drilled in 1977

Parcel #2 had one irrigation well, A-007166 drilled in 1955

Water output from irrigation wells has been very limited for the

past few years.

FSA Info: Dundy County FSA shows these tracts as part of Farm #112 Tract 930. The estimated Parcel bases are:

Parcel Corn Yield Wheat Yield

1 243 98 71 98

2 246 40 72 40

Parcel #1 pivot irrigated lands of 128.3 acres are enrolled in the non-irrigated EQIP program. This contract ends 12/31/08 and there are no remaining payments on this contract.

Soils: Soils consist primarily of Sarben loamy sands and Santana fine sandy loams.

Irrigation

Equipment: Parcel #1: Zimmatic 7 tower #L38454, no power unit, Randolf 60 hp gear head, Western Land Roller pump.

Parcel #2: Zimmatic 7 tower #L48240, US 60 hp electric motor, Sargent pump.

Acres: Parcel #1: 320 Taxed Acres; Parcel #2: 320 Taxed Acres

Taxes: Parcel #1: $2,528 2007 Real Estate and $168 for 24.1 acres Occupancy taxes with 123.4 acres EQIP contract deferred occupancy tax

Parcel #2: $2,465-2007 Real Estate and $908 for 130.4 acres Occupancy taxes.

Land Use: Parcel #1: 123.4 acres pivot irrigated, 186.6 acres rain fed cropland and approximately 10 acres improvement site.

Parcel #2: 122.8 acres pivot irrigated, 197.5 acres rain fed cropland and approximately 1.5 acres improvement site.

Possession: Buyer to receive possession at closing and subject to farm lease on lands currently in growing wheat. Seller reserves possession of improvement site to give tenant adequate time to remove his personal property

Price: $567,000 Cash – Parcel #1 - $279,500, Parcel #2 $287,500. If sold by Parcel, they must close simultaneously.