Hitchcock County Dryland and Range

LEGAL DESCRIPTION: SW1/4 sec. 1, S1/2 NE1/4 & S1/2 sec. 11, all of sec. 12, W1/2 NW1/4 sec. 13, NE1/4 sec. 14 and E1/2 sec. 15, all in T3N-R35W in Hitchcock County, Nebraska containing 1,765 +/- acres.

LAND LOCATION: 6 Miles North of Stratton, NE

POSSESSION: The property is cash rented through the 2011 crop year with a verbal lease.  The tenant to receive all government payments.  Buyer will receive Landlord’s possession on the day of closing.

MINERAL RIGHTS: The seller will reserve 50% of any mineral rights owned for 10 years from the date of closing.

PROPERTY TAXES: The seller will pay the 2010 and all previous years taxes.  2011 taxes are negotiable.

CONDITIONS: Subject to deed restrictions, zoning regulations, oil and gas leases, easements and agreements of record.  The property may contain noxious weeds or animals.  The descriptions and measurements of the property are deemed to have come from reliable sources but are not guaranteed by the broker or seller.  FSA information, base acres, and yields are not guaranteed.  Any maps provided are to be used for a general guideline and do not guarantee property lines or acres.

TERMS: Cash, the property is being sold in as-is condition.  Owners title insurance and escrow agents closing fee will be divided equally between the seller and buyer.

GENERAL DESCRIPTION: 449+/- acres cropland lies very good (350 contiguous acres on east side), mostly Keith silt loam 1% to 3% slopes, 1,304+/- acres grass, most is fenced pasture with average four wire fences.  Pasture soils are mostly Sulco silt loam with some Keith silt loam.  Good water from 5 stock wells with large tanks, two REA powered pump jacks, two solar powered pump jacks, one wind mill and 6 dams and pits.  Close to markets on good roads.  All the crop land is located next to a county road.  12+/- acres of roads.  Excellent secluded mule deer habitat plus turkey, prairie chicken and pheasant hunting potential.  There is also a 24×47 foot enclosed pole shed for storage.

ASSESSOR INFORMATION: 1,765 tax assessed acres, 2010 taxes were $7,686.58

FSA INFORMATION: 1,760 acres cropland, 449.5 DCP acres cropland
Base Acres
200.7 Wheat, direct yield 39
65.8 Corn, direct yield 49
120.9 Grain Sorghum, direct yield 49
3.8 Sun Flowers, direct yield 958
391.2 Total Base Acres

LISTING PRICE: $1,250,000