Gardner Farms, Inc.
646 Acres Box Butte County, Nebraska
This good productive unit is primarily all producing farmland. The owner has adapted the practice of minimum to no tillage for several years. You will see the benefit of these practices. Production yields for Corn, Beets, Beans and Alfalfa are the foundation for the success of this unit. The irrigated land is generally a sandy loam soil capable of raising all crops associated with the area. Main crops include Corn, Irrigated Winter Wheat, Sugar Beets, Alfalfa, and Edible Beans. The rotations of these crops allows for adequate water distribution even in these dry years under current water limitations. The pivots and equipment vary in age. They are all in very good working condition and have been annually maintained by a reputable Sprinkler Irrigation Company in Alliance, Nebraska.
538.4 NRD Certified Acres Irrigated Farm Land
646 Taxed Acres (more or less)
538.4 NRD Certified Acres
528 Acres +/- under Pivot Irrigation
Excellent State of Cultivation!
Buyer receives a 1/3 share of the Corn and Bean crop
LOCATED: from Alliance, Nebraska; 11 miles west on Otoe Road, 1 mile south and 3 1/2 miles west to the northeast corner.
LAND USE: The farm has approximately 528 acres under pivot irrigation according to Crop Insurance planting records. The balance of the land is not currently cultivated Dryland, shelterbelt, roads and ditches.
LEGAL DESCRIPTION: W 1/2 Section 1, E 1/2 Section 2, That part of the N 1/2 NE 1/4 Section 11(to be surveyed along the south Border of Circle #12 in Township 24 N, Range 51 West of the 6th PM in Box Butte County, Nebraska.
2012 REAL ESTATE TAXES: were approximately $10,646.40. Taxes are based on 646 taxed acres (with the land in Section 11 of 9.35 acres+/-). The Buyer will pay all of the 2013 Real Estate Tax. Court House records indicate 520.18 acres +/- Irrigated Land, 114.4 acres Dryland Farmground and 11.77 acres in shelterbelt and roads.
FARM SERVICE AGENCY: The farm is signed up in the current farm program.
#10 – 181.1 Acres, 1980 Zimmatic, 75 Hp. Elect., Well #G-064300, date 1980, 900 GPM, Pump level 92 ft., 185 acres.
#11 – 178.4 Acres, 1974 Zimmatic, 60 Hp. Elect., Well: #G-064299, date 1980, 900 GPM, Pump level 64 ft., 185 acres.
#12 – 89.2 Acres, 1975 Zimmatic, Newer Electric Submersible Pump and New Well in July 2012 (due to an accident) #G-073296, date 2003, 550 GPM, Pump level 82 ft., 85 acres.
#13 – 89.7 Acres, 1974 Zimmatic, 40 Hp. Elect. Well: #G-068225, date 1982, 500 GPM, Pump level 95 ft., 90 acres.
NRD INFORMATION: Individually Circle #10 has 181.1 certified acres and had 54.52 inches available, Circle #11 has 178.4 certified acres and had 51.5 inches available, #12 has 89.2 certified acres and had 51.4 inches available, Circle 13 has 89.7 certified acres and had 45.15 inches available. This land is in the Upper White NRD Ground Water Management Area allowing 54 inches per acre over a 4 year period to 2014. The ground water use last year (on a very dry year) was 18 inches on Beans and 20 inches per acre on Corn.
POSSESSION & CROP SHARE INFORMATION: The Buyer will have possession on Closing subject to the Seller’s rights to harvest the 2013 Crop. The Buyer will receive a 1/3 share of the Corn and Beans upon repayment of 1/3 of the expenses incurred for fertilizer and herbicide and electricity used on Circles 11 & 12 for the 2013 crop year on those crops. The Buyer will receive possession of the land planted after harvest of the existing crops. The Buyer will receive the stubble for Straw or residue. The Seller is retaining all (100%) of the growing wheat. The Buyer will be responsible for insurance on the Pivots after closing and major repairs. The Seller will be responsible for minor repairs and labor.
CROP INSURANCE: Insurance carried through Farm Credit Services of America at a 70% level. The Buyer must assume 1/3 of the Crop Insurance premium and benefit (if any).
MINERALS: The Seller is reserving No Minerals.
A SURVEY will be required to describe the property lying in Section 11, paid at Sellers expense. The Seller will also reserve an Easement along the existing field road to access the retained land to the south.
Buyer’s should note: If 2 or more offers are received before an offer is accepted at the asking price, the Buyers will be asked to raise and compete in an Auction format to determine the highest Bidder.
SELLER may wish to attempt to effect a tax deferred exchange in accordance with Section 1031 of the Internal Revenue Code, and may assign all of SELLER’S rights in this Agreement to a Qualified Intermediary for the purpose of effecting such exchange. The independent Escrow/Closing Agent may be available to act as a Qualified Intermediary. SELLER may use other methods to complete such exchange. (The Sale May be the Replacement property availability)
NOTE: This Information Was Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested parties should and are expected to conduct their own analysis. All Agents representing Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents.
Buyers and Agents should note, we will not accept Sub-agency without prior written consent.
ASKING PRICE: $2,208,550.00