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The Devine Ranch

$4,700,000
MLS #NE1079142
Oconto, NE
Status: Active
Photos
Map
1/31
Property Type
Cattle Ranch
Farm
Hunting Land
Recreational Land
River Frontage
Acreage
1,506 acres
County
Custer, NE
Format
Sale
Features
Fishing
Hunting
Irrigated
Pivot Irrigation
River Frontage
Water Rights
Water Well
List Date
Jan 24, 2023
Documents
N/A
Description
The Devine Ranch This turnkey operational ranch is in the heart of Central Nebraska. Located in southeast Custer County, Nebraska. From Oconto this property is 3 miles north on Highway 31 and 2.5 miles east on a paved and gravel road. This ranch is only 24 miles south of Broken Bow, 32 miles from Lexington, and 56 miles from Kearney, Nebraska. Included in this unique ranch is 138.8 acre pivot irrigated farm with mostly class 1 rated soils. There are 1,142 acres of well managed hard land pasture with some being sub-irrigated. There are approximately 179 acres of dry cropland with class 1 and 2 rated soils. There is 9.41 acres of gravity irrigated cropland as well. The bonus on this outstanding ranch is the hunting and recreational opportunities produced by the tree cover and frontage of the South Loup River. Overall the ranch has been well managed by this generation of owners. The cedar tree population has been controlled. The pasture grazing has been managed well in past years and minimal weed pressure. Water is supplied on the ranch from a stock well located north of Pressey Road. There is underground pipe to the south to three large tire stock tanks providing a good supply of fresh water. There is a non functioning windmill in central west portion of the ranch. The Devine Ranch is located over the Ogallala Aquifer and is one of the world’s largest aquifers. It is a shallow water table beneath the land and provides fresh water through wells for irrigation and livestock. Custer County, Nebraska is near several livestock markets including Broken Bow, Lexington, and Kearney. Custer County has the 2nd largest amount of cattle by county in the entire USA. (100,000 head) Farm information: 138 Acre Pivot Irrigated Crop Land Electric Well & 50HP Motor, Registration: G-025636, Drilled 7/11/1966, 1,100GPM, Depth 364FT, Static Level 49FT, Pumping Level 103FT, 8” Column. 7 Tower Pivot Owned by the Tenant FSA Base Acres: 200.30 Acres Corn, 15.60 Acres Soybeans, PLC Yield 121bu. corn and 21bu. beans Recreational Hunting Whitetail deer, Mule Deer, Turkey, Waterfowl, Trapping, Fishing Legal Descriptions: Northeast ¼ & North ½ of the Southeast Quarter of Section 19 Southeast ¼ of Section 8 Northwest ¼, North ½ of the South ½, Southeast ¼ of the Southeast ¼ in Section 20 South ½ & Northeast ¼ of Section 17 Southeast ¼, South ½ of the Northeast ¼, Southeast ¼ of the Northwest ¼ & Part of Northeast 1/4 of the Southwest ¼ and Part North & East of Old Road in Section 18 All in Township 14 North, Range 20 West of the 6th P.M. Custer County, Nebraska 2022 Real Estate Taxes $21,355.02 Income Potential Pivot Irrigated 138.8 Acres @ $275 = $38,170 Gravity Irrigated Crop Land 9.16 Acres @ $200 = $1,832 Dry Land Cropland 179.16 Acres @ $85 = $15,215 Sub Irrigated Alfalfa 18.3 Acres at $85 = $2,040 1,123.93 Acre Hard Land Pasture/Some Sub Irrigated, 10 Acre/Pair, 112 Cow/Calf Pair @ $65 for 5 Months Pair = $36,530 Road 36.67 @ $0 = $0 Hunting = $10,000 Annually. Possibly More. Total Income: $103,787 Real Estate Taxes: $21,355 Maintenance: $5,000 Insurance: $2,500 Net Income: $74,932 All acreages & information are gathered from the Custer County Assessor & Farm Service Agency and not guaranteed by the broker. All map boundaries are for illustrated purposes and not guaranteed.
Listing Agent
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Adam Marshall
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Adam Marshall Land
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