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Item: The Spencer Farm

Item ID: 320 -- Watch Listing

At A Glance

  • Listing Price: $1,000,000
  • Listing Broker: Brad James at 307-340-0168
  • Property Location: Morrill, Nebraska
  • Property Size: 202.97 Deeded Acres +/-
  • Improvements: 2 Sets of Improvements, Grain Bin, Other Outbuildings
  • Mineral Rights: All Rights owned by Seller, if any, to transfer to Buyer.
  • Water Rights: Yes
  • Features: Productive Farm Ground, 3 Miles from Town, Ditch Water & Irrigation Well

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Current Time

January 19, 2018
2:17:44 PM MDT

Sale Price
This property is For Sale at the Listing Price of $1,000,000

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Questions?
You may reach James Land Company at our office at 307-326-3104. Or you can try Curt James on his cell at 307-399-8644 or Creed James on his cell at 307-399-7973. You may send an email, or contact by writing here.

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Broker's Comments

      “No finer body of land can be found in this section of the country than "Dutch Flats," wrote Thomas Valentine an early settler to western Nebraska. Its productive capabilities launched Valentine towards becoming one of Nebraska’s most wealthy early European immigrants. The Spencer Farm in Dutch Flats Nebraska has been in the same family for 98 years attesting to its sustainable productive capabilities. This farm is truly an investment grade property enjoying high demand for rental and leasing options from other area farmers. Located 3 miles from Morrill, Nebraska in Sioux County, the farm is just off a good paved county road. Farm land of this quality rarely becomes available to purchase.
     Though offered as a whole, the farm consists of two adjoining parcels. The larger parcel consists of 122.97 acres of which 118.83 are irrigated through the Pathfinder Irrigation District with 122 shares. An adjudicated irrigation well is permitted to also irrigate 118.3 acres of this parcel but will need to have flow meter installed prior to use. An irrigation specialist recently measured the parcel for the installation of a center pivot and found a full 7 tower pivot could be installed to irrigate 98 acres of the 120 leaving only the corners.  There is a modest set of improvements including a 6540 bu. steel grain bin with drying capability. The 2017 real estate taxes on this parcel were $3,883.86.
     The smaller parcel consists of 80 acres of which 77 are irrigated through the Pathfinder Irrigation District with 80 shares. There is a better set of improvements on this parcel with a 1,400 sq. ft. 3 bdrm. home with forced air heat. There is also a 960 sq. ft. metal utility building and 3 other storage sheds of various sizes. The 2017 real estate taxes on this parcel were $2,966.88.
     The farming reputation of Dutch Flats has not diminished from the time of Thomas Valentine. This Dutch Flat Farm offers three hard to find advantages: 1) Best in region production capacity; 2) Easy access to a variety of commodity markets; 3) Strong rental/lease demand. Farms with these features consistently maintain their value in downturns and rebound more quickly as market conditions improve compared to lesser farms. Don’t miss your opportunity to own this reputation irrigated farm in the Dutch Flats area.

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