1026 1St Ave Bayard, NE 69334

Property Details for 1026 1St Ave

Lot size

331.81 lot acres

Property type

Commercial real estate

Description

This exceptional 331.81-acre irrigated farm in Morrill County, Nebraska, presents a lucrative investment opportunity. The property boasts two well-maintained 7-tower Zimmatic center pivots, providing ample water sourced from both canal and well water. Convenient county road access and proximity to multiple grain markets enhance its operational efficiency. The land features a nearly flat terrain with a gentle eastern slope, composed of productive silt and sandy loam soils. A strong tenant is currently in place for the 2024 growing season, with an option for 2025. The farm includes certified irrigation rights for 276.4 acres, allocated through the North Platte NRD, Farmers Irrigation District (152 acres), and 9 Mile Irrigation District (37 acres). Irrigation equipment includes two 7-tower Zimmatic center pivots (installed in 2009 and 2012), each nozzled at 750 gpm. Two wells (G-083566 and G-083567), drilled in 1994, each boast an 800 gpm capacity. A 40,000-bushel bin with a below-grade cement cone (erected in 2004), equipped with aeration fans, a 10" load-out auger, and grain spreader, is included. FSA information indicates 8.1 wheat base acres (46 PLC yield) and 132.2 corn base acres (134 PLC yield), totaling 140.3 base acres. Good wooden post fences are also present. The crop ground lease expires February 28, 2025, and the grass pasture lease expires October 15, 2024. The asking price is $1,800,000, representing a price per acre of $5,425. This property offers a compelling combination of productive land, efficient irrigation, and established tenancy.

Location Insight

City

Bayard

County

Morrill

State

Nebraska

Longitude

-103.24439

Latitude

41.739825