160 Acres Pierce Co. Farm Land For Sale

LOCATION: Property is located from Main Street, Pierce, NE take Hwy 98 East 1 mile to 551 Ave. Then North 1 1/8 mile on East side of road.

2009 TAXES: -------------------------------------------------------------------------------- $ 5,303.92 to be paid by seller

LEGAL DESC. The S ½ NE ¼ and the S ½ NW ¼ of Sec 24, TWP 26N, Range 2W of the 6th PM Pierce County Nebraska 160 acres more or less

ADDRESS: approx 1 1/8 mile NE of Pierce, NE

BUILDING SITE INFORMATION: There is an older building site located on this property. There is a 4 bedroom home with 1 down and 3 up, 1 full bath and full unfinished basement. Structurally, this property is in very good condition. However, the property will need a new roof, all new windows and siding. There is, also, a 2 car detached garage, wood frame shop building, corn crib, cattle barn and feed shed. The building site would make the perfect acreage this close to town.

FSA INFORMATION: This farm contains 160 acres with 126.3 crop land acres. The balance of the farm is in pasture and building site. There are 116.60 certified irrigated acres on the farm. There is a 74.1 acre corn base with a 98 bu. yield and a 43.5 acre soybean base with a 36 bu. yield. The FSA payment on the farm is $2,268.00 per year. This farm lies practically flat and contains very good soil types and is an excellent producer. The buyer would have the opportunity to sell the building site with the pasture land and should be a highly sought after acreage site.

IRRIGATION INFORMATION: There is an older 7 tower Lindsay Zimmatic pivot on the farm which is owned by the current tenant. The purchaser may have the opportunity to buy this pivot from current tenant. All of the rest of the irrigation equipment and accessories stays with the farm. Balance of irrigation equipment to include an Ag Rain Water Wench system, traveling big gun, and all irrigation pipe. The irrigation motor is an Intl. DT 466 200hp motor which was totally overhauled in 2003. The well is 136’ w/9” column and pumps at 700gpm. The well registration number is G-045944.

TERMS AND CONDITIONS: The buyer will be required to put 15% down upon entering a written purchase agreement with the seller. The balance of the purchase price to be paid at the closing in the form of certified funds. Buyer and seller to split ½ each the cost of the title insurance. The closing will be on or before 12/31/2010. NOTE: The buyer will be purchasing this property with a current lease in force for crop year 2011. The cash rent for year 2011 will be $17,587.50.

POSSESSION: Buyer will get immediate possession at time of closing with the understanding that the farm is leased for crop year 2011.

BROKERS COMMENTS: Here is an opportunity to purchase an excellent farm with good soil types in a highly productive area. As the FSA information reveals above, the farm for the most part is irrigated and the buyer would have the opportunity to sell the building site separately from this property.

AGENCY DISCLOSURE: Korth Realty and Auction and their agents represent the sellers in this transaction.

DISCLOSURE: All property information provided was obtained from sources deemed reliable, but the broker makes no guarantees as to its accuracy. All prospective buyers are urged to fully inspect the property, its condition, and to rely on their own conclusions.

OWNERS: Jim L. Klein and Tricia Walton, owners