Auction Information

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01/01/0001, 12:00 AM

188 Acres TLT Farm SCOTTS BLUFF COUNTY, NEBRASKA

The Land Sale will be held at the Hampton Inn Scottsbluff, Nebraska.

The Machinery Auction will be held at the Farm on February 12th!

Lynda has decided to move to town and will offer her farm at Auction. The location of this irrigated farm will benefit the Buyer for years to come. The improvements on this farm include a Clean &Comfortable Home with Modern Buildings! The land is irrigated by center pivot, gated pipe and ditch water. The producing farm land is set up to operate efficiently. The pivot may draw water from the pathfinder canal or the irrigation well on the property. Live water is available year around from Tub Srings and water from Little Lake Alice. A great place for wintering livestock.Plan now to Buy!

THE UNIT: 188 ACRES Irrigated Farmland

188.28 Taxed Acres (Total)

122.3 NRD Certified Acres

157 Acres Surface wa...

157 Acres Surface water rights

95 Acres +/- under Pivot Irrigation

47 Acres Flood Irrigated Land

Nice 3 Bedroom Home

60X40 B-C Steel Building, insulated, heated

72X42 Morton Pole Building, full cement

Good State of Cultivation!

Clean Productive Farm.

Live Water from Tub Springs Creek

Credible Tenant in place for 2013.

LAND USE: The farm has 95 acres under Pivot irrigation, 47.8 acres Flood Irrigated under cement ditch and gated pipe, 19 acres in Creek Bottom, 11 acres upland grass above the canal, and the balance in home site roads and ditches. (all acreages more or less).

LEGAL DESCRIPTION: SW 1/4, Pt. of SE1/4 NW1/4 ( lying south of the thread of Tub Springs Creek), Pt. SE1/4 (north of Canal) All in Section 23 Twp. 23 N Range 55 west of the 6th PM in Scotts Bluff County, Nebraska. (Tax ID #s 010280677, 010360115, 010042792, & 010052232).

2012 REAL ESTATE TAXES: $5,755.10 based on 188.28 taxed acres.

Farm Service Agency: The farm is signed up in the current farm program with approximately 151.3 acres Crop Land, 76.9 acres corn base.

IRRIGATION: Surface Water Pathfinder Irrigation. 157 acres water rights at $28.00 per acre. $4,396.00 paid in advance by the Landowner by May 1, 2013. Also included are 2,100 feet +/- of 8 in. PVC irrigation Pipe w/ 30 in gates!

Irrigation well #G-083731 drilled in 1994 registered 1,200 gpm at 35 ft. (well ID# 93878). 40 Hp. Electric motor, 10 in. underground pipe, approx. 1995 Zimmatic 7 tower pivot, 15 Hp Booster Pump, Newer Grow Smart panel. Underground pipe from well and ditch water. Elevated & well constructed ditch water delivery with cement box, bubbler and underground waste water line.

NRD Information: 122.3 acres certified well water Under the North Platte Natural Resources District. The farm has used only 2.3 inches of the allocation for 2010 to 2013. There are 61.3 inches available for 2013. The land in the pivot field as well as the east field (17 acres) are under the allocation.

Possession: The Buyer will have possession on Closing subject to the Tenant rights for the 2013 crop year.

Farmland Tenant Information: The current Tenant is Loose Farms Inc. (Rod Loose). The farmland will be planted to Corn (& 10 acres Beans) for the 2013 crop season. The Landlords share is 40% of production under the pivot land and 33.3% on the flood irrigated land. Fertilizer and Insecticides are shared as the crop share. Landlord pays all ditch water. The power cost for the well are 50/50 on the turn-on fee and 40/60 on the power. Landlord maintains insurance and major repairs; tenant is responsible for minor repairs and pre-season maintenance.

The current Tenants 2012 corn production was 192 bu/acre on the flood ground and 176 bu/acre on the pivot irrigated! The Landlord receives the stalk residue for 2013! Crop plans for 2013 include 121 acres in corn and 10 acres in beans.

SALE DAY DEPOSIT ON THE UNIT: $60,000.00

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Directions

LOCATED: from the Jct. of Hwy. 26 & 71 in Scottsbluff, Nebraska; 5.2 miles North on Hwy. 71 (to the Experiment Farm Road) the farm is on the East Side of Hwy. 71.