This property is also being offered together with the Mule Shoe Bar South Ranch The Maurice S. Peterson Ranch is comprised of approximately 15,255.04 deeded acres by county record. It also has under long term lease two BELF school sections that fit into the deeded land nicely. It is an all contiguous, nicely blocked unit that supports sub irrigated meadow and excellent pasture, both sub irrigated and upland throughout the ranch. The ranch also supports a small number of fresh water lakes throughout the unit that are an excellent habitat for waterfowl nearly year around. The original historic building site, now lost to time, has excellent winter protection, as does the majority of the sub irrigated meadow supporting it. The ranch has been leased to a local rancher for over 30 years. Both the windmills and fences are in good to average condition. There are four shared windmills with the northern neighbor located at the north end of the ranch as well, a fifth shared well in the southern portion of the northwest area of the ranch and a sixth shared well in the southwest portion of the ranch. These are all the result of once being a part of the total Peterson ranching empire. Neighbor agreements maintain the wells. There are numerous fresh water lakes interspersed throughout the ranch for additional livestock water during the frost free months. Taxes:$42,716.94 Nebraska Sandhills The Maurice S. Peterson ranch is located in the western region of the famed Nebraska Sandhills, known for one of the finest cattle producing regions in the United States. The Sandhills of Nebraska is the nations largest undisturbed native grassland area. If covers approximately 13 million acres in 20 counties located in the north central part of the state. The grasses are vigorous and nutritious and have proven themselves as drought tolerant species centuries ago by supporting vast herds of buffalo prior to the arrival of the white man. Ogallala Aquifer The Sandhills of Nebraska also sits on top of the largest fresh water aquifer in the continental U.S. Known as the Ogallala or High Plains Aquifer, it supports fresh water bearing material where this ranch is located in the range of 400-600 in depth. Stock wells and irrigation wells are generally considered shallow and abundant by comparison to other cattle producing regions in other states. Rainfall The rainfall belt in the area and location of this ranch ranges from 16-19 per year with the majority of it falling during the grass growing season. It is generally considered consistent and reliable, and drought-induced cattle sell downs are rare. Markets The ranches are well located to auction barns in Ogallala and Gordon, Nebraska. Ogallala supports one of the finest livestock sale barns in the state of Nebraska. Thousands of reputation cattle pass through it gates annually in the form of special stock cow, bred heifer, yearling, and calf sales throughout the year. Buyers from several states are always on hand to create a consistent, top-end market for all classes of cattle. There are also video auction markets available that are nationwide in scope. Economies of Scale This ranch is considered large enough to support a typical sized family along with some day help, but would also make an excellent investor investment. Minerals The current ownership will convey all the owned minerals Exchanges The current ownership will cooperate with 1031 exchanges. Approach to Management and Revenue The Maurice S. Peterson Ranch under the current ownership has been leased to a neighbor for over 30 years. The windmills and fences have been maintained and are considered to be in good to average condition. In the analysis, grazing has also been the predominant use. However, the ranch contains four sub irrigated meadow range sites, which have been routinely hayed each summer to produce a supply of hay for the winter months or for calving time. The USDA NRCS has developed and provided ranch range site maps with estimated acreages tied to soil classes. These studies have been utilized in determining the estimated carrying capacities of the ranch resource. What follows are the ranch estimates of deeded acres and current real estate taxes; as well as estimates of acres, range sites, carrying capacity AUMs under average use, number of pastures, and number of stock wells. The ranch has been evaluated for annual carrying capacity as well as an estimate of landlord revenue generation on a summer grazing basis utilizing cow-calf pairs and selling the landlord share of meadow hay production. The limiting factor on this ranch is winter AUMs. Description An all contiguous rangeland resource with sub irrigated meadow rangeland sites with a modest set of building improvements. Ranch has 26 pastures and 39 stock wells some of which are shared with neighbors including two BELF school sections. A combination of county acres and NRCS* acres were utilized for the analysis for deeded land only. BELF School Lands 16-22-45 Garden County, NE Lease # 109166 Expires December 2017 2016 Rent – $10,519.26 640 Acres $16.44/Ac 36-22-45 Garden County, NE Lease #109167 Expires December 2017 2016 Rent – $9,097.28 640 Acres $14.21/Ac NOTE* The school sections may be able to be purchased for deed. LAND CLASSIFICATION SUMMARY Estimated acres by County Record and NRCS* Sub Irrigated/Sandy Lowland Hayed 527 ac* Sub Irrigated/Sandy Lowland Grazed 1261 ac* Sandhill Rangeland 11,947 ac* Sandhill Rangeland Choppy Sands 712 ac* Lake/Marsh 770 ac* Bldg. Site & Lots 38 ac* Total estimated acres by county record 15,255 ac Landlord Revenue Estimate 527 acres* sub irrigated/sandy lowland hayed 900 Ton @ 2.5 AUMs/Ton 2250 AUMs (527 acres*) aftermath grazing 130 AUMS 1261 acres* sub irrigated/sandy lowland – grazed 820 AUMs 11,947 acres* Sandhill rangeland grazed 5675 AUMs 712 acres* Sandhill rangeland choppy sands grazed 200 AUMs 770 acres* lake and marsh 38 acres* building site and lots 15,255 acres total by county record 9075/12 months 756 AUs or 20 acres/AU Estimated 527 acres* hayed 900 Ton @ $45/Ton/2 – $20,250 or $38/ac CE (includes aftermath) 6,695/ 5 months/1.5 BWE 890 Pair or 16 ac/pair 890 pair @ $45/pair/month for 5 months -$200,250 or $14/ac CE $220,500 Gross Income $42,717 RE Taxes $30,000 R & R $3,000 Misc. $144,783 Net Income, Say $145,000 Net to Landlord Year Around Carrying Capacity Estimate 9075/12 mo 756 AUs Winter 2250 AUMs/4 mo 562 AUs Spring/Summer/Fall 6825 AUMs/8 mo -853 AUs 750 AUs .80 600 Cows (cow calf, retaining replacements, bulls) 15,255 ac/750 AU – 20 ac/AU 15,255 ac/600 Cows 25 ac/Cow Broker Comments This is an excellent producing, reputation Sandhill ranch that has been well cared for by the 30+ year tenant. The tenant could be available to continue with a ranch lease if the prospective buyer had a desire to rent the ranch as opposed to operating the ranch themselves. This is the first time this ranch has been for sale since it was put together by the original Peterson brothers over 100 years ago. History The Maurice S. Peterson Ranch has a previous ownership history that dates back prior to the last century. A family of brothers by the name of Peterson settled in this area of the Sandhills, and proceeded to acquire land via homestead and purchase over the years and their lifetimes. The Maurice S. Peterson Ranch was one of these historic Peterson ranches. The Peterson brothers ended up being some of the largest land owners in this area of the Sandhills joining other names such as Abbott, Black, Hord and Eldred, all of which including the Peterson brothers, built ranching empires in their own names. Some of the original Peterson ownership is still currently held by their third and fourth generations today as is this Ranch. Peterson brothers stories have been passed down and shared through the generations of Sandhill families.One such story was about the Peterson hay trains. During the summer hay season the brothers would team up and share their resources to put up each others hay meadows for winter feed. Horses, mules, hired men, and horse drawn hay equipment were all brought together to form a large hay crew that worked from the hay train during the summer months. The hay train consisted of several wagons each dedicated to a special purpose to get the hay put up. There could be as many as 5-6 wagons all connected together and pulled by a large team of many mules or horses. The first wagon was generally the straw boss quarters, second wagon, the cook house, third wagon the supply wagon, the fourth and fifth wagons the bunk house wagons and the last wagon the hay supplies wagon. This operation was self-contained with food and supplies for generally several weeks at a time with hay crew, horses, mules and the hay train traveling over thousands of acres putting up hay wherever the Peterson brothers would want it put up. Spring brandings were also often completed with Peterson ranch shared cowboys. It was a good way to stay social in a day when your only means of transportation was by horseback for the average ranch cowboy working for wages at $25/month or by horse and buggy if you owned the ranch. Legal Description See attached “Maurice S. Peterson-legal” document