James Land Company Item: 0000000135 -- The Pelton Farm

Item: The Pelton Farm

Item ID: 135 -- Watch Listing

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At A Glance

Listing Price: $775,000 ($1,020 per Acre)
Listing Broker: Curt James at 307-399-8644
Property Location: 1.75 Miles Northwest of Whitney, Nebraska
Property Size: 760 Deeded Acres

Improvements: Trailor Home and Some Outbuildings
Mineral Rights: None
Water Rights: Yes, From Whitney Irrigation District
Features: 263 Acres Irrigated, 2003 Valley 8000 7 Tower Center Pivot, Irrigated State Lease Available

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Current Time

September 9, 2010
12:53:49 AM MDT

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Sale Price

This property is For Sale at the Listing Price of $775,000 ($1,020 per Acre)

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Curt James is the Selling Broker and may be contacted at 307-326-3104 or by cell phone 307-399-8644 To ask questions you may send an email, or contact by writing here.

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Broker's Comments

The Pelton Farm consists of 760 deeded acres of which 263 acres are irrigated and the balance of 497 acres is pasture. The irrigated ground is unmistakably the best irrigated ground on the Whitney Irrigation District. To compliment the irrigated ground is 497 acres of very good pasture. The property has a 2003 Valley 8000 7 tower center pivot – with low pressure system, poly drops, stainless steel filter system, Chemigation ready, dry wheel package (water around the towers – virtually no wheel tracks) and an electric surface pump (25hp) which is very economical. The owner states that the irrigated ground has produced 4 ton to 7 ton of alfalfa per acre with 80 lbs phos per acre, depending on amount of water applied. This is very, very good irrigated ground.

Irrigation $3,156.00 per year ($12/AC) very cheap

Also available with the Pelton Farm is a state lease consisting of 535.09 Acres (380 Acres Irrigated, 155.09 Acres Pasture). The leased property has a 2004 Valley 8000 7 tower center pivot with low pressure system, poly drops, pressure regulations, stainless steel filter system, chemigation ready, dry wheel package (water around towers – virtually no wheel tracks) and an electric surface pump (hp), very economical. The owner states the property will produce 3 ton to 5 ton of alfalfa per acre with 80 lbs phos. per acre depending on amount of water applied.

The owner is willing to transfer lease to a buyer for $64,000 ($50,000 for the pivot & $14,000 for alfalfa crop consisting of 140 acres at $100.00/Acre). Lease is assumable.

Lease Payment Calculations:

Lease $8,221.54 + $4,560.00 Irrigation - $1,473 F.S.A. = Annual Payment for Lease

Annual Payment Divided by 535.09 Acres = $21.00 / Ac Lease. Very Cheap Irrigated Lease!!!

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