Offered for sale is an excellent opportunity to purchase 152.60 acres of pivot irrigated cropland on the north of Loomis, Nebraska.  The County Assessor has a total of 147.20 acres of certified irrigated cropland, 2.20 acres of dryland and 3.20 acres of roads and waste. There is a total of 152.60 assessed acres. The cropland soils are primarily made up of Holdrege silt loam class 1 soils.

LEGAL:  The Northeast Quarter (NE4) of Section Seven (7), Township Six (6) North, Range Nineteen (19) West of the 6th PM in Phelps County, Nebraska.

LOCATION:   The property is located 2 miles north of Loomis, Nebraska, on the west side of the Loomis/Overton Highway.

FSA INFORMATION:  Tract #403 – Farmland 151.24 Acres; Cropland 143.13 Acres; DCP Cropland 143.13 Acres; Total Base Acres – 142.60, Base Acreage Corn – 142.60; PLC Yield 204

IRRIGATION AND WELL INFORMATION:  Well #G-132512, Completion Date: 2/24/2005, GPM: 1200, Static Water level 83 feet, Pump Depth: 180 feet, Well Depth: 280 feet.  Submersible well, windmill and tanks go with the property.

MINERAL RIGHTS:  Full mineral rights sell with the property.

LEASE TERMS: 2021 leasehold estate with the current tenant terminates on February 28, 2022.

POSSESSION:  Possession at closing with current leasehold estate for 2021.

2020 REAL ESTATE TAXES:  $7,363.60

SALE TERMS:  An earnest deposit and closing date is negotiable with the Seller’s acceptance of a written Purchase Agreement.

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