David Farms

MULTI-PARCEL AUCTION: WEDNESDAY, NOVEMBER 20TH @ 2 PM (MST) David Farms will be offered in 10 surface tracts. The tracts include nine pivot irrigated quarters with two improvement sites. Tracts can be purchased individually or any combination. David Farms is an income producing commercial cropland farm in the highly sought-after Pleasant Valley Township of Dundy County in southwest Nebraska. Located between Benkelman and Imperial. Pleasant Valley is a long-time farming area quality soils capable of exceeding area averages. With exceptional soil and water characteristics, the current tenant is producing corn yields of 235 bushels per acre. For the investor buyer, the tenant is willing to continue by offering excellent cash or hybrid lease terms. The corn basis continues to improve with the farms proximity to a 150,000 head feedlot and other large existing confinement operations. The farm will produce soybeans, wheat, milo, alfalfa hay and popcorn crop types grown in the area. MULTI-PARCEL AUCTION 10 TRACTS AUCTION DATE: WEDNESDAY, NOVEMBER 20th @ 2 PM (MST) AUCTION LOCATION: American Legion Hall Post 65; 710 1st Avenue West, Benkelman, Nebraska INFORMATIONAL MEETING DAVID FARM HEADQUARTERS: Sunday, November 10th, 1:00 pm (MST) MEETING LOCATION: 71104 Ave 327, Parks, NE 69041 (Tract 9) TRACT DETAILS Tract 1: Legal – SE 17-2-39 FSA Acres: 132.79 NRD Acres: 139.2 Well Registration: #A-006815 Pivot Make: Reinke, Year 2015 Grain Storage: – 20,000 bushels Tract 2: Legal – NE 20-2-39 FSA Acres: 131.22 NRD Acres: 134.7 Well Registration: #G-069771 | Depth – 170 | GPM – 1,000 Pivot: – Reinke, Year 2016 Tract 3: Legal – NW 20-2-39 FSA Acres: 134.71 NRD Acres: 136 Well Registration: #G-037425 | Depth – 160 | GPM – 1,742 Pivot: – Zimmatic, Year 2018 Tract 4: Legal – NW 25-2-39 FSA Acres – 130 NRD Acres – 137.5 Well Reg #G-033091, Depth – 170, GPM 700 Pivot Make – Reinke, Age - 2014 Tract 5: Legal – NW 27-2-39 FSA Acres: 134.71 NRD Acres: 134.7 Well Registration: #G-052657 | Depth – 170 | GPM 1,000 Pivot: Reinke, Year 2017 Tract 6: Legal – SW 10-2-39 FSA Acres: 129.47 NRD Acres: 127.5 Well Registration: #G-050474 | Depth – 210 | GPM 2,456 Pivot: Reinke, Year 1990’s Tract 7 (North Portion): Legal – SE 22-2-39 FSA Acres: 132 NRD Acres: 126.8 Well Registration: #G-050473 | Depth 205 | GPM 2,332 Pivot: Zimmatic, Year 1983 Grain Storage: 40,000 bushels Tract 7 (South Portion): Legal – NE 15-2-39 FSA Acres: 130.54 NRD Acres: 124 Well Registration #G-044161 | Depth – 210 | GPM 1,458 Pivot Make – Zimmatic, Year 1980’s Tract 8: Legal – SW 15-2-39 FSA Acres: – 131.74 NRD Acres: – 127.3 Well Registration: #G-067532, Depth 210 | GPM 1,000 Pivot: Zimmatic, Year 2018 Tract 9 – Improvement Site Acreage: 10 USPS Address: 71104 Ave 327, Parks, NE 69041 Legal: – see survey description Home: Year built 1978 | 1,600 sqft main floor | full basement Shop: 50x150 | full concrete floor Various outbuildings Grain Storage: 45,000 bushels Tract 10 – Improvement Site Acreage: 105 USPS Address: 32827 Road 712, Parks, NE, 69041 Legal: – see survey description Home Features: Year built 1920 | 1,273 sqft main floor | full basement | garage DIRECTION TO AUCTION TRACTS (starting point Intersection of Highways 34 and 61 Benkelman, NE) Tracts 1,2,3 & 9: Travel west on highway 34 for 2 miles to River Road, then west 10.5 miles to Park, NE, then north 6 miles on 327 Ave. Located ¼ mile north of 710 road and 327 Ave Tract 9: USPS Address 71104 Ave 327, Parks, NE 69041 Tract 4: Travel 2.75 miles North on Hwy 61, then west on 709 Road 8 miles, then north 1/2 mile on 330th Ave Tract 5: Located east ¼ mile from intersection 710 road and 329 Ave Tracts 6, 7 & 10: Travel 6 miles North on Hwy 61, then West on 712 Road 9.5 miles Tract 8: Located north ¼ mile of Intersection 710 Road and 329 Ave Tract 10 USPS Address: 32827 Road 712, Parks, NE, 69041 GENERAL PROPERTY INFORMATION SOILS Soils on the farm are level to undulating sandy and sandy loams with the Valent and Jayen series prevalent. The farms developed soils allows inputs of water and nutrients to be readily absorbed for optimal production. The farm is readily capable of 200+ bushel corn and 90 bushel soybeans. WATER Good soils provide the framework, but good water is the engine for a farm production operation. Ample water is available to the farm at reasonably shallow depths. Each of the 11 pivots are supplied water by its own registered well and equipped with an electric motor and GPS guidance system. Pumping depths range from 104’ to 198’ with an average of 140’ and most of the wells operate on 50 or 60 Horsepower electric motors. The sprinklers are typically nozzled to pump 700 GPM with some more and some less. The Nebraska NRD allows 65 acre-inches of water to be pumped over a 5-year period beginning in 2023. The farm carried in excess water from the prior 5 year period and the water allocations and carry forward per well will transfer with the property. Water volumes and quality are very adequate to irrigate the farm. IMPROVEMENTS Tracts 9 & 10 each offer a home for employee housing and Tract 9 has a large workshop and additional grain storage and outbuildings. These improvements are desired for an operation of this size. Housing is a shortage in the area especially with the new large cattle feeding operation going up in western Dundy County. SUMMARY David Farms is a high-quality irrigated farm located in a desirable farming area. Each pivot has its own well, equipped with three phase electric motors and GPS guidance systems. The farm has excellent water resources and produces above average yields. Commercial farms of this quality are highly sought after and rarely come to market.