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Sioux County Pivots – Mitchell, Ne

United States /Nebraska, Mitchell, NE 69357, 69357, 1667.69

Listing ID :

25552675

Acres :

1667.69 Acres
$4,750,000

View Agent's Properties and Profile:

Amy Johnston

Contact Seller

Property Description

Sioux County Pivots is an all-contiguous farm consisting of 1,667± acres, and is located 9 miles North of Mitchell, Nebraska. This farm has been well maintained with an excellent tenant in place. There are 7 pivots irrigating a total of 938± acres.  All of the pivots have electric motors. Approximately 517± range acres, and 151± dryland farm acres surround the pivots. Enjoy excellent access with Hwy 29 frontage, as well as well-maintained field roads throughout the entire farm. The homesite consists of 2± acres with a 3 bedroom modular home, a full basement, and an attached garage. There are also 2 machine sheds. This is an excellent opportunity to own a quality farm just 30 minutes from Scottsbluff and Gering, NE. Call Mike for more information, or to schedule a showing. Income Potential $164,150 Payable 1/2 May 1 & 1/2 Nov 1 -$34,978 Estimated Taxes -$17,500 Pivot Maintenance -$17,500 Insurance -$1,000 Liability $93,172 Total Estimated Net Income Acres Pivot irrigated:938.00± Dry crop:151.52± Range:517.18± Homesite: 2.12± Waste:57.05± Roads:1.82± Total:1,667.69± North Platte NRD Water Allocation 1020.80 Certified Acres w/ 29.7 Inches left per irrigated acre. 2 years of allocation left expires in 2025 When the pivots were originally developed there were end guns involved that irrigated more acres. When the Palm family took the farm over by purchasing it, they quickly realized that there was not enough water to get over all of the acres. The end guns were taken off which reduce the amount of tillable acres to 938. This is what is currently being farmed. In addition the small pivot located on the south portion of the farm is basically not being used. The well that services that pivot does not have adequate water. So at this time irrigated hay takes much less water. However the tenant is paying $175 an acre for all of the 938 acres. The advantage of this is that in a water controlled area you have more water by more than an inch per acre over the allocation. This means in a dry year you have enough water to produce an excellent crop. The Palm Family eventually sold the farm & was given the opportunity to rent the farm. Lessor Equipment Pivot #1-1995 Zimmatic 9 tower Pivot #2-1994 Zimmatic 10 tower Pivot #3-2006 Zimmatic 7 tower Pivot #4-1976 Lockwood 7 tower Pivot #5-1999 Zimmatic 7 tower Pivot #6-1998 Zimmatic 10 tower Pivot #7-2012 Valley 5 tower 1980 3 bedroom modular home with a full basement and attached 2 car garage along with 2 machine sheds. Improvements/Outbuildings 2634 sq ft house Single wide Mobile home 40×70 utility building 40×40 utility building Legal Description Parts of Sections 2, 3, 10, 11, 14, & 15 All in Township 24N, Range 56W of the 6th P.M. Sioux County, NE Taxes – Estimated: $34,978.60 Address: Mitchell, NE 69357 County: Sioux

Basic Details

Property Types:

Farm, Home, Home - Single Family, Land

Listing Type:

For Sale

Listing ID:

25552675

Price:

$4,750,000

Acres:

1667.69 Acres

Address Map

Country:

United States

State:

Nebraska

County:

Sioux

City:

Mitchell

Latitude:

42.061521

Longitude:

-103.79598

Street Address:

Mitchell, NE 69357