Bolin Farms, Inc.

Irrigated Cropland

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Notice: SOLD - $2,162,000.00

Description: Two investment-grade farms located in a strong farming community close to competitive markets. Level terrain, silt loam soils, and abundant ground water would make either of these excellent portfolio additions. Both farms have long histories in producing seed corn.

Price:

Parcel 1 - $1,280,000.00

Parcel 2 - $966,000.00

Location :

Parcel 1: 2 miles east and 2½ miles north of Gibbon, Nebraska, at the intersection of Sodtown Road and 130th Road in Eastern Buffalo County, Nebraska.

Parcel 2: 1 mile east and 3¼ miles north of Gibbon, Nebraska, north of the intersection of Range Road and 130th Road in Eastern Buffalo County, Nebraska.

Legal Description :

Parcel 1: The Southeast Quarter (SE ¼) of Section Twenty-Nine (29), Township Ten (10) North, Range Thirteen (13) West of the 6th P.M., Buffalo County, Nebraska [160.00 tax-assessed acres].

Parcel 2: Approximately 120.74 acres in the East Half (E ½) of Section Thirty (30), Township Ten (10) North, Range Thirteen (13) West of the 6th P.M., Buffalo County, Nebraska [120.74 tax-assessed acres].

Soils :

Parcel 1: Primarily Detroit silt loam, with slopes 0-1%.

Parcel 2: Primarily Hord silt loam, with slopes 0-3%.

Taxes :

Parcel 1: 2020 Taxes—$12,819.74

Parcel 2: 2020 Taxes—$9,777.88

Natural Resource District:

Parcel 1: Central Platte Natural Resources District [152.30 certified irrigated acres].

Parcel 2: Central Platte Natural Resources District [104.60 certified irrigated acres].

Leases :

Parcel 1: Subject to a flex cash lease running through the 2022 crop year.

Parcel 2: Subject to a flex cash lease running through the 2022 crop year.

Irrigation Information:

Parcel 1:

Well # 1
Well Registration: G-012124
Completion Date: 6/7/1954
Well Depth: 60 feet
Static Water Level: 35 feet
Pumping Level: Not defined
Column: 6 inches
Gallons/Minute: 600 gpm
Pump: Western Land Roller
Electric Motor: US Motors 15 HP

Well #2
Well Registration: G-024752
Completion Date: 5/1/1971
Well Depth: 99 feet
Static Water Level: 34 feet
Pumping Level: 46 feet
Column: 6 inches
Gallons/Minute: 650 gpm
Pump: Western Land Roller
Electric Motor: US Motors 15 HP

Well #3
Well Registration: G-012123
Completion Date: 5/4/2002
Well Depth: 240 feet
Static Water Level: 23 feet
Pumping Level: 45 feet
Column: 8 inches
Gallons/Minute: 800 gpm
Pump: Western Land Roller
Electric Motor: WEG

Center-Pivot irrigation system is tenant owned. West pivot corners are gravity irrigated with wells #1 and #2.

Parcel 2:

Well Registration: G-009356
Completion Date: 4/22/2008
Well Depth: 255 feet
Static Water Level: 51 feet
Pumping Level: 170 feet
Column: 6 inches
Gallons/Minute: 650 gpm
Pump: Western Land Roller
Electric Motor: GE 50 HP

Center-Pivot irrigation system is tenant owned.

FSA Information:

Parcel 1:
Total Farmland: 157.74 acres
Total Cropland: 157.74 acres

Government Base Acres: Corn-144.6; Soybeans-10.7

PLC Yields: Corn-183; Soybeans-64

Parcel 2:
Total Cropland: 118.34 acres

Government Base Acres: Corn-79.2; Soybeans-22.4

PLC Yelds: Corn-183; Soybeans-64