MULTI-PARCEL AUCTION: WEDNESDAY, NOVEMBER 20TH at 2 PM (MST) David Farms will be offered in 10 surface tracts. The tracts include nine pivot irrigated quarters with two improvement sites. Tracts can be purchased individually or any combination. David Farms is an income producing commercial cropland farm in the highly sought-after Pleasant Valley Township of Dundy County in southwest Nebraska. Located between Benkelman and Imperial. Pleasant Valley is a long-time farming area quality soils capable of exceeding area averages. With exceptional soil and water characteristics, the current tenant is producing corn yields of 235 bushels per acre. For the investor buyer, the tenant is willing to continue by offering excellent cash or hybrid lease terms. The corn basis continues to improve with the farms proximity to a 150,000 head feedlot and other large existing confinement operations. The farm will produce soybeans, wheat, milo, alfalfa hay and popcorn crop types grown in the area.

MULTI-PARCEL AUCTION 10 TRACTS

AUCTION DATE: WEDNESDAY, NOVEMBER 20th at 2 PM (MST)

AUCTION LOCATION: American Legion Hall Post 65; 710 1st Avenue West, Benkelman, Nebraska

INFORMATIONAL MEETING DAVID FARM HEADQUARTERS: Sunday, November 10th, 1:00 pm (MST)

MEETING LOCATION: 71104 Ave 327, Parks, NE 69041 (Tract 9)

GENERAL PROPERTY INFORMATION

SOILS

Soils on the farm are level to undulating sandy and sandy loams with the Valent and Jayen series prevalent. The farms developed soils allows inputs of water and nutrients to be readily absorbed for optimal production. The farm is readily capable of 200+ bushel corn and 90 bushel soybeans.

WATER

Good soils provide the framework, but good water is the engine for a farm production operation. Ample water is available to the farm at reasonably shallow depths. Each of the 11 pivots are supplied water by its own registered well and equipped with an electric motor and GPS guidance system. Pumping depths range from 104 to 198 with an average of 140 and most of the wells operate on 50 or 60 Horsepower electric motors. The sprinklers are typically nozzled to pump 700 GPM with some more and some less. The Nebraska NRD allows 65 acre-inches of water to be pumped over a 5-year period beginning in 2023. The farm carried in excess water from the prior 5 year period and the water allocations and carry forward per well will transfer with the property. Water volumes and quality are very adequate to irrigate the farm.

IMPROVEMENTS

Tracts 9 & 10 each offer a home for employee housing and Tract 9 has a large workshop and additional grain storage and outbuildings. These improvements are desired for an operation of this size. Housing is a shortage in the area especially with the new large cattle feeding operation going up in western Dundy County.

SUMMARY

David Farms is a high-quality irrigated farm located in a desirable farming area. Each pivot has its own well, equipped with three phase electric motors and GPS guidance systems. The farm has excellent water resources and produces above average yields. Commercial farms of this quality are highly sought after and rarely come to market.