NW 1/4 Section 28 T3N R13W, Franklin, NE 68939 - Franklin County

LEGAL DESCRIPTION:SW1/4, Section 28, T-3-N, R-13-W, Franklin County, State of Nebraska. 163.94 deeded acres.

LOCATION:From Franklin go approximately 8 miles east on highway 136, then north approximately 7.5 miles on County Road 40 to the intersection with County Road O. The farm is in the southeast quadrant of the intersection. Franklin is 49 miles south of Kearney, NE.

THE PROPERTY:This property should be very desirable for an investor that desires a return on investment andwants to enjoy the recreational benefits.The farm is highly productive with the high-quality farmland being all bottom land along the Middle BranchThompson Creek. The seasonal creek is timbered and provides excellent habitat for deer, quail, and turkey. The fields are bordered by tall grass and brush which is preferred habitat for pheasants and quail. Major county road 40 is along the west side of the property and minimum maintenance Road 0 along the north boundary. The property has an irrigation well, but the center pivot sprinkler system is owned by the present tenant. There is an electric well for livestock and wildlife plusnumerous ponds and springs in the creek.

LAND USE:Several maps are attached in the "Documents" section of this property listing.

Dryland Cropland: Approximately 20 acres with the largest tract being the 16 acres in the northeast corner of the farm.

Irrigated Cropland: Approximately 40acres with water provided by twowells on the sale property, but the pivot system and power unit is owned by the present tenant. The tenant also farms the land adjoining on the south. His windshield wiper pivot extends onto the sale property and provides more irrigated acres.

Pastureland: There are two tracts of native grasswith each approximated 50acres. The track along the west boundary does not have a boundary fence on the south property line. Livestock water provided by electric well and several ponds.

Habitat: The remaining acres are the timbered Middle Branch Thompson Creek.

THE AREA: Franklin County is in the most southern tier of counties inSouth CentralNebraska. It adjoins Kansas. Franklin is a friendly town of 927 residents and offers all services. Franklin County is known for its highly productive farms and ranches but the recreational opportunities is the attraction for both residents and nonresidents. The area is known for trophy caliber whitetail deer, wild turkey, pheasants, quail and waterfowl. Nearby Harlan County Reservoir is Nebraska second largest lake and offers water sports as well as being one of the top fisheries in Nebraska.

IRRIGATION DETAILS:The newer irrigation well was drilled in 2009 in addition toan older well. 500 gpm. Static water level of 46 ft. Pumping depth of 56 ft. Well depth of 80 ft. 6-inch column. 50 acres to be irrigated. Well Registration #A-007141. The farm is in the Lower Republican Natural Resource District (NRD). Certified Irrigated Acres of 89.5 with two active wells. Nebraska Department of Natural Resources well data is attached in "Documents".

FARM SERVICE AGENCY DATA:Franklin County Farm Service Agency (FSA) has the farm combined with the adjoining farmowned and operated by the tenant on the Double Deuce farm. The FSA office with divide the farm and crop bases per request of Buyer. The sale farm is FSA Tract 1670. FSA map is attached in "Documents". FSA records show DCP cropland at 57.09 acres.

Wheat:7.06 Base Acres with PLC yield to 45. Corn: 27.75 Base Acres with PLC yield of 139. Soybeans: 20.97 Base Acres with PLC yield to 44.

POSSESSION:The farm has a long-term tenant in place with a verbal lease. Lease terms: $15,355 total cash lease payable in two installments on May 1 and November 1. The tenant has the right to extend the lease for the 2025 crop year.