Big Springs, NEDeuel County

Location: One Mile south of Big Springs I-80 Interchange and 2 1/2 miles west on County Road #6.

Legal

Description: That part of SW1/4 Section 4-T12N-R42W of the 6th P.M., lying south of I-80 ROW.

Acres: 92.8 tax assessed acres

Taxes: 2008 taxes payable in 2009: $964.20

Land Use: Pivot irrigated cropland with 2 corners in EQIP program through 2010. Payment for 2009 is $1,422, no payment in 2010.

FSA Info: Farm# 2039, Tract #1545: 85.1 acres cropland with 70 acres pivot irrigated and 2 corners in EQIP program. Base info: 69.8 acres corn base at 122 bushel yield, 2.1 acres wheat base at 43 bushel yield, .3 acres oat base at 50 bushel yield.

Water: NE Well Reg# G-070023 set up to pump 747 GPM from 17’ at drilling in 1985. Located in the South Platte NRD, property is subject to 80” water allocation for 4 years beginning in 2009.

Soils: 100% Class III Lexworth loam

Irrigation

Equipment: 8 Tower Valley pivot with low pressure drops, 20 hp electric motor, Western Land Roller pump.

Price: $250,000 Cash

Comments: In addition to farm income, there are billboard sign leases. The first lease is with LaMar companies and pays $2,500 per year through 2016 and the goes to $3,000 per year for subsequent years. The second lease is with Spahn Marine for $250 per year and is a year to year lease. This is a good property with excellent access and location.