Triple G Farms

$7,400,000
Available

Property Details

ID: 79003
Status: Available
Price: $7,400,000
Acres: 1,653.36
Price Per Acre: $4,476
Type: Farms
Address: tbd road
City, State: Hemingford, Nebraska
County: Box Butte
Zip Code: 69348
Presented By: Jeff Garrett

Description

THE FARM  *Group 1 is under contract and unavailable*
Triple G Farms is located just minutes from Hemingford, NE, in the panhandle of Nebraska where the roots of agriculture
run deep in the highly productive soil. This irrigated farm consists of eleven center pivot systems in three convenient
parcels and has historically produced corn, wheat, soybeans and alfalfa. The farm is centrally located close to several
markets and feedlots providing stability to the local grain markets.
With a total of 1,653.36± acres, this farm boasts 1,376± adjudicated irrigated acres under eleven center pivots.
Irrigated farms in the area routinely produce 200 bu corn, 100 bu wheat, and 40 bu beans.
*Acreage counts are believed to be accurate but have not been verified by a professional survey. Yields can vary due to weather conditions and
management practices. Potential buyers are advised to consult their experts to make their own analysis.

IMPROVEMENTS
The irrigation equipment includes seven Reinke 8 tower pivots and four Zimmatic 7 tower machines, ensuring a highly efficient and productive operation. This gives the farm a total of twelve pivots.  There are two 25 k/bu bins with drying floors, four 7500 bu bins, and one 9000 bu bin, all in usable condition. There is a total of eleven irrigation wells with all of the wells in each block tied together to offer a greater flexibility in your water
management plan.

WATER
This farm is within the Upper Niobrara White Irrigation District, which is headquartered out of Chadron Nebraska. The farm is allocated 65 acre inches per five year allocation period with a maximum carry forward of 32.5” from the previous period. The current allocation period runs from January 1, 2025 through December 31, 2029. There is ample allocation remaining for the remainder of the current allocation period.  Triple G Farms sits on top of the Ogalala Aquifer, which provides a significant advantage for irrigation and water management. The Ogalala Aquifer is a massive underground reservoir that spans across several states, including Nebraska.  This aquifer is one of the largest sources of fresh water in the world and is a vital resource for  agriculture operations in the region. It ensures a reliable source of water, which is essential for crop production, and provides a competitive advantage in
the agriculture industry. With access to this abundant source of water, the farm has the potential to produce high yields of quality crops for years to come. Remaining allocations for each parcel can be found on page seven of this brochure. 

*Any and all permitted and adjudicated water rights associated with the property, which the Sellers own, shall be transferred to the Buyer upon a
fully funded closing.

Property Purchase Configurations

The property can be purchased in four different configurations, providing flexibility to potential buyers based on their needs and investment plans. Here are the detailed options:

Configuration Options

#1 The Farm in Its Entirety

For those interested in acquiring the whole property, the farm spans a vast 1653.36+/- acres, available for a total price of $7,400,000. This option offers the most comprehensive ownership, including all the resources and potential of the land.

#2 Parcels 1-5 (Group 1) *Group 1 is under contract and unavailable*

This group consists of 699.48+/- acres of irrigated land and 101.57+/- acres of dryland. The combined area of 801.05+/- acres is offered for $3,751,592.52. It provides a substantial portion of the farm with significant irrigated land, suitable for various agricultural purposes.

#3 Parcels 6-8 (Group 2)

Group 2 includes 356.11+/- acres of irrigated land and 99.21+/- acres of dryland, resulting in a total of 455.32+/- acres. This configuration is priced at $1,921,890.62, offering a balanced mix of irrigation and dryland for diverse farming activities.

#4 Parcels 9-11 (Group 3)

The final group comprises 329.92+/- acres of irrigated land and 71.06+/- acres of dryland, totaling 400.98+/- acres. This portion of the farm is available for $1,726,516.86, catering to buyers looking for a moderate-sized piece of irrigated and dryland property.

Important Considerations

Potential buyers should note that the individual groups (Group 1, Group 2, and Group 3) will not be subdivided any further. Each group must be purchased as a whole, ensuring that the integrity and functionality of the parcels are maintained.

Purchasing property in these configurations allows buyers to select the option that best suits their agricultural needs and financial capacity. Whether interested in the complete farm or one of the designated groups, each configuration offers valuable land resources with both irrigated and dryland areas.

 

Additional Details

Additional Info

Wildlife: Big Game, Dove, Geese, Mule Deer, Pheasants
Rights: Mineral, Water
Crops: Beans, Hay, Potatoes, Soybean, Sunflower Seed, Wheat
Road Type: Gravel
Current Use: Agricultural

Financial

Listing Terms: 1031 Exchange, Cash, Conventional
Taxes (annually): $29,635
Tax Year: 2024
Legal Description:

Legal Descriptions Triple G Farms Hemingford, NE

Parcel #1-           31 27 50 SE1/4 31-27-50 159.05 ACRES  Parcel ID: 070206627

Parcel #2-           32 27 50 SW1/4 32-27-50 159.01 ACRES Parcel ID: 070206635

Parcel #3-           6 26 50 NE1/4 6-26-50 162.14 ACRES  Parcel ID: 070101078

Parcel #4-           5 26 50 NW1/4 5-26-50 160.43 ACRES  Parcel ID: 070101035

Parcel #5-           5 26 50 NE1/4 5-26-50 160.42 ACRES  Parcel ID: 070101027

Parcel #6-           18 26 50 PT NE1/4 18-26-50 137.11 ACRES  Parcel ID: 070097402

Parcel #7-           18 26 50 SE1/4 18-26-50 158.89 ACRES  Parcel ID: 070143102

Parcel #8-           19 26 50 NE1/4 19-26-50 159.32 ACRES  Parcel ID: 070097283

Parcel #9-           23 26 50 S1/2SW1/4 23-26-50 80.06 ACRES  Parcel ID: 070097135

Parcel #10-        26 26 50 NW1/4 26-26-50 160.38 ACRES  Parcel ID: 070073929

Parcel #11-        26 26 50 NE1/4 26-26-50 160.54 ACRES  Parcel ID: 070073937

#1 Properties Ranch & Recreation LLC uses reasonable efforts in collecting and preparing materials and information regarding properties. While the information is believed to be reliable, due to the rapidly changing nature of the real estate market and our reliance on information provided by outside resources, the information is not guaranteed. Information is also subject to change, withdrawal, or correction.

 Potential purchasers should independently verify any information and conduct their own due diligence. #1 Properties Ranch & Recreation LLC makes no representations or warranties about the property or the accuracy or completeness of the information concerning the property, including, but not limited to, each of the following: (a) acreage counts and legal descriptions, (b) distances, sizes, square footage, and other measurements, (c) water and mineral rights information, and (d) soil types, production, carrying capacity, or income potential.

 Information is only provided for the purpose of assisting potential purchasers in identifying prospective properties they may be interested in purchasing. #1 Properties Ranch & Recreation LLC is not liable for any inaccuracies, errors, or omissions regarding information about the property or losses that result from the use of this information. Potential purchasers should conduct their own due diligence including, but not limited to, a legal and financial review before purchasing.

Jeff Garrett
Jeff Garrett
Agent

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