236 Acres in Sutherland, NE

Lincoln County Pivots Auction

ABSOLUTE AUCTION!!! September 22, 2015, 10:00AM

Sutherland American Legion Hall, Sutherland, NE

Terms of Auction are found on Sale Bill, please download if planning to bid. 20% cash required day of sale, financing for remainder must be in place.

This is a good pivot irrigated property located in Lincoln County, Nebraska. There is excellent water and an excellent tenant in place. The power unit is all electric and one well runs both pivots simultaneously. One of the pivots is a 2004 T&L and the other is a rebuilt Zimmatic. There is good county road access between the 2 pivots.

Estimated Lease Income55 bushels x 182.24 (Pivot irrigated) = $10,023.20 bushels$10,023.20 Bushels @ $4.00 = $40,092.8035 Dry Crop @ $50 per acre = $1,750.00

Gross Income $41,842.80

Real Estate Taxes (8,824.26) Occupation Taxes (1,820.00)Insurance Full Coverage Replacement (2,400.00)Maintenance (3,000.00) 

Total Net Profit...