Combination Quarter - Hayes County, NE

SOLD

Pasture and dry cropland quarter-section in northeast Hayes County. This property has recreation potential in addition to ag income.

Location:
This parcel is located in northeast Hayes County, 9 miles east and 8 miles north of Hayes Center.

Property Description:
The property is a rectangular parcel which contains 80 total acres, more or less (legally described as the W1/2NE1/4 of Section 20-T6N-R39W). It is in the Agriculture District (AG) as defined by the zoning regulations of Chase County.

The cropland acres are comprised of sandy/loamy soils. They are presently under a Conservation Reserve Program contract which expires September 30, 2009 and the CRP acres will be available for cultivation thereafter. In addition to its agricultural production , the property is suited to hunting (upland game and mule deer, other recreational uses, or it would make a great rural residence site.

Real Estate Taxes:
Taxes for the year 2008 were $639.04

Possession and Minerals:
Buyer will receive full possession of the property at closing, which shall occur in Fall, 2009, following termination of the current CRP contract and 2009 pasture lease.Seller will retain a 50% mineral interest for 20 years from date of closing, and so long thereafter as there is mineral production on the property in commercial quantities.