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
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)

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.     Acreage and Survey: Acreage counts are believed to be accurate but have not been verified by a professional survey. All acreage counts were obtained from the County Assessors website. The property is being sold by legal description and the acreage amount stated for the property is approximate. Buyers are welcome to have a survey of the property at their expense as part of their due diligence process.

2.     Easements: Buyer is advised to review the title insurance commitment, and to inspect the property, to determine the existence of any easements on or over the property.

      3.     Noxious Weeds and Pests: Buyer is advised that there may be noxious weeds and pests on the property. Buyer should consult with the appropriate weed and pest control agency if the buyer has questions or concerns about this condition of the property.

      4.      Soil Types and Crop Production: Buyer is advised to consult with the Farm Service Agency and any other appropriate agencies regarding the soil types on the property and the kinds of crops and the amount of production that may be grown on and realized from the property.

      5.     Reassessment of the Property: Buyer acknowledges that the property may be reassessed for real estate tax purposes after the Buyer purchases the property. Such reassessment may result in higher real estate taxes.

                 6.     Buyer Relying on Own Judgment in Purchasing the Property: Seller does not warrant that the property is fit for any purpose. Buyer                       shall inspect the property to Buyer's full and complete satisfaction, and Buyer is relying solely on Buyer's own judgment and inspections to                    purchase the property. Buyer is not relying on the seller or any agents of Arnold Realty, Inc. as to whether or not the property is fit for any                       purpose for which the Buyer intends to use the property. The Buyer has been advised to inspect the property to the Buyer's full and                                complete satisfaction, and Buyer is purchasing the property "AS IS" and "WHERE IS."

                 7.     Confidential: Buyer and Seller herein mutually agree to keep the terms and conditions of this contract strictly confidential.

                 8.     BROKER DISCLAIMER:  Buyer and Seller acknowledge and agree that Brokers: (a) Do not decide what price Buyer should pay or Seller                    should accept; (b) Do not guarantee the condition of the Property; (c) Shall not be responsible for defects that are not known to Broker(s) and              are not visually observable in reasonably accessible areas of the Property; (d) Do not guarantee the performance of Repairs of others who                    have provided services or products to Buyer or Seller; (e) Cannot identify Property boundary lines; (f) Cannot verify inspection reports, square              footage or representations of others; (g) Cannot provide legal or tax advice; (h) Will not provide other advice or information that exceeds the              knowledge, education and experience required to obtain a real estate license. Buyer and Seller agree that they will seek legal, tax, insurance,                and other desired assistance from appropriate professionals.

     9.     Mineral leases:  Seller agrees not to enter into any new oil, gas, pore space, or mineral lease of any kind, or execute any addendums or modifications to any prior or current oil, gas, pore space, or mineral leases of any kind prior to the end of the due diligence period.  If Buyer opts to move forward with offer after due diligence period has ended Seller agrees not to enter into any new oil, gas, pore space, or mineral lease of any kind, or execute any addendums or modifications to any prior or current oil, gas, pore space, or mineral leases of any kind. 

Jeff Garrett
Jeff Garrett
Agent

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