April 20, 2018

220 Acres – Madison County

This Property is SOLD

Location: From Norfolk, 5 miles west on Hwy. 275 to 549 Ave. (Rd.), 1 mile south, 1/2 mile west, on the south side.

Legal: The NW 1/4 and 60 acres in the N 1/2 SW 1/4, all in Section 33-T24N-R2 West of the 6th P.M., Madison County, Nebraska.

Improvements: 7-tower Valley low-pressure center pivot; John Deere 4-cylinder motor; 2,000 gal diesel fuel tank; 1,500 gal fertilizer tank; chemigation valve; Amarillo gearhead.

FSA Data: 147.43 tillable; 67.9 acres CRP (10 acres of $106.92/acre until 2019 and 57.9 acres at $116.67 acre until 2019).

Soils: Gibbon-Gayville silty clay (57%), Lamo silty clay loam (31%), Gibbon silty clay loam (12%).

Yield History: 196.4 bu./acre average actual corn yields the past 5 years!

Irrigation Well: Drilled 1977, 800 gpm; 55 ft deep.

Taxes: $3,427.28 – 60-acre tract (2016) | $9,385.02 – 160-acre tract (2016).

Features: The owner will lease back with a 4 %return on investment. Cowboy Trail borders the south boundary. Good investment with residual recreational opportunities. Lots of depreciable property

Possession/Closing: Negotiable.

Price: $6,000 /acre farmland (160 acres) and $4,000/acre CRP (60 acres); could be split.

Information given is correct as we are able to determine, but we urge buyers to inspect and rely on their own conclusions. AgriSun Land Management, Inc. and its licensees are agents of and representing the seller of the property.