Gruber Farm

LOCATION: Northwest of the community of Elwood, Nebraska, with access provided by State Highway 23.

LEGAL DESCRIPTION: A tract of land located in the S1/2 and a part of NW1/4 Section 1 and NE1/4 and E1/2 NW1/4 Section 12, all in T7N-R23W of the 6th P.M., Gosper County, Nebraska PROPERTY DESCRIPTION: A total of 353.32 surveyed acres. The farm consists of gravity irrigated cropland with dry crop and range. The farm also contains a communication tower lease which is located on a 10,000 sq. ft. tract whereby this communication tower currently generates income to the owner via a long-term land lease agreement.

$4,182

FARM SERVICE

AGENCY INFORMATION:

Gruber Farm

Total Cropland: Approximately 116.80 acres*

Base Acres:

Wheat 2.95 acres w/ PLC Yield of 40 bushels per acre

Corn 82.07 acres w/ PLC Yield of 181 bushels per acre

Grain Sorghum 0.36 acres w/ PLC Yield of 77 bushels per acre

Soybeans 5.54 acres w/ PLC Yield of 52 bushels per acre

All cropland is considered non-highly erodible by the NRCS.

(* Final cropland acres to be determined by the Farm Service Agency)

IRRIGATION

INFORMATION:

The farm is located in the Tri-Basin Natural Resources District and contains a total of 59.00 certified irrigated acres.

North Well South Well

Well Registration G-053066

Completion Date 09/15/1976 @ 1,200gpm

Well

Column 9”

Equipment 50hp electric submersible with control panel.

Well Registration G-176103

Completion Date 04/07/2015 @ 850gpm

Well

Column 6”

Equipment 75hp electric submersible with control panel.

Gruber Farm

SOILS

COMMUNICATIONS TOWER:

Cropland soils consist primarily of Class I and III Holdrege, Hall, and Uly silt loams with slopes of 0-7%.

Rangeland soils consist primarily of Uly and Coly silt loams with slopes of 6-30%, along with lesser amounts of Coly, Uly, and Hobbs silt loams with slopes of 3-60% and Holdrege and Uly silt loams with slopes of 3-7%.

Provides the property owner with a current rental of $1,058 per month with escalation clauses through 2040.

(Contact Agri Affiliates for a copy of the Land Lease Agreement)