Bucktail Farm

Property Map

Bucktail Farm

$10,900,000
Paxton, Nebraska

Bucktail Farm is a unique opportunity to own a large irrigated farm located in Arthur and McPherson counties, northeast of Ogallala or southeast of Arthur, Nebraska. Bucktail Farm offers a 21 center pivot irrigated farm supported by the world’s second largest aquifer, the Ogallala Aquifer, which is a highly valued natural resource underlying parts of eight states – and nearly all in Nebraska. Crop production on the Bucktail Farm provides strong return to the investor with corn, soybean, and alfalfa production among the best in the area. Twenty-one center pivot irrigated systems water the irrigated crops. Outstanding grain storage facilities round out the operation.

Location: 

The Bucktail Farm is located in Arthur and McPherson Counties, northeast of Ogallala and north of Paxton, Nebraska. From Arthur, the farm is approximately 14 miles east on US Highway 92 and 6 miles south on a gravel road. From Paxton, the farm is approximately 29 miles north on a county maintained gravel road. Paxton is located on I-80 approximately 38 miles west of North Platte.

Locale: 

Bucktail Farm is located in the renowned sandhills ranching country and is fortunate to have abundant underground water resources, as well as a consistent climate favoring some of the best grassland in the US and outstanding crop production.

General Description: 

The farm consists of 4,599± acres that include approximately 2,744 pivot irrigated acres. There are about 1,855 acres of grass, of which 200 acres more or less are in pivot corners. There are over seven miles of underground water line that irrigates around 1,555 acres of fenced pasture with 20 rubber stock tanks. Irrigated pastures are split into three for livestock. Buildings and roads occupy around 100 acres. Total acreage is per tax assessment.

All pivots are electric and diesel motors drive all pumps. The pivots include two newer Valley pivots and nineteen Zimmatic pivots, six of which are nearly new. Each pivot has a well with most producing over 2,000 gallons per minute. Caterpillar and Isuzu diesel motors with generators are power sources for the wells. A complete summary of each well permit, well production, center pivot make, and field size under each pivot is available.

Click HERE for Irrigation chart.

Corn is typically grown on the farm, but soybean and alfalfa are also common crops. Corn yields average around 200 bushels per acre. 

The farm is under an easement with a swine confinement unit located adjacent to the property. Under this easement and certain terms and conditions, the swine confinement operation agrees to pump and spread the contents of its deep waste lagoons through underground pipe on eight specific center pivots. The term of this agreement began in 2002 and lasts for 40 years.

Acreage: 

4,599± deeded acres

Acreage Breakdown: 

Irrigated Farmland: 2,744± Ac.
Ranchland: 1,555± Ac.
Pivot Corners: 200± Ac.
Roads & Buildings: 100± Ac.
Total Deeded: 4,599± Ac.

Improvements: 

Improvements include four nearly new grain bins with storage capacity of 200,000 bushels.  The bins have mechanical sweeps and aerators powered by a large generator.  Also included are two older homes that are currently not in use, a 40’ x 100’ Quonset shop, 100’ x 240’ silage pit, and a 60-ton scale with new scale house/office.

Climate: 

Bucktail Farm has a growing season of over 130 days and an average annual precipitation of 18-20 inches. Most precipitation falls as rain during the warmer part of the year. Rain is normally heaviest in late spring and early summer. Winter snowfall is frequent, but snow cover usually disappears during the mild periods.

Water Resources: 

Groundwater wells supply water for the property. Nebraska groundwater is regulated and an abundant water source – about as secure as water gets.

Water for the wells comes from a high plains aquifer commonly called the Ogallala Aquifer. It is the largest fresh water aquifer in the continental United States with fresh water saturation levels in the sandhills ranging up to 1,200 feet. The total volume of water in the aquifer reaches from south central South Dakota to west Texas and is estimated to be approximately 21.8 billion acre-feet, of which approximately 65 acre-feet are located in Nebraska.

Bucktail Farm is located in the Twin Platte Natural Resource District (TPNRD) and all wells are certified with the NRD. There are 21 wells on the farm producing from 700 to over 2,700 gallons per minute. There are no restrictions on pumping; however, no new well can be drilled and no expansion of irrigated acres is allowed. Information on the Twin Platte can be obtained at www.tpnrd.org.

Taxes: 

Real estate taxes for 2017 are estimated to be $88,477.00 per year.

Mineral Rights: 

Seller will convey all owned mineral rights.

Additional Information: 

Government Programs & Payments
According to Farm Service Agency (FSA) records, Bucktail Farm has 2,744 acres of cropland with a 2,601 corn base and an 111 bushel/acre direct payment yield. The 2015 annual direct payment of the farm was $158,002.00.

Broker Comments: 

Bucktail Farm is an extraordinary offering located in a reputation area for crop production. It is rare to find an operation of this size. The farm offers a significant opportunity for the active farmer looking for a farm large enough to maintain a family operation.

Bucktail Farm also represents an opportunity for a large investor to buy high-quality agricultural land in one of America’s great farming areas. This is a place to park a significant amount of capital and enjoy the stability and certainty that land is always real wealth.

The owner of Bucktail Farm reserves the right to lease the farm back from the new owner for a period of three to five years with lease terms to be negotiated.

The Facts: 
  • 14 miles east of Arthur on US Highway 92, then 7 miles south on a county maintained road
  • Approximately 29 miles north of Paxton on a county maintained gravel road
  • 4,599± total acres
  • 2,744± pivot irrigated acres
  • 1,555± fenced pasture acres
  • 19 Zimmatic pivots and 2 Valley pivots
  • Each pivot has a well with most producing over 2,000 gpm
  • Supported by the Ogallala Aquifer
  • Corn, soybean, and alfalfa production
  • 4 nearly new grain bins, 200,000-bushel storage
  • 60-ton scale with house/office
  • 7 miles of an underground water line
  • 20 rubber stock tanks
  • Adjacent easement for swine unit
  • Seller requires leaseback on terms to be negotiated
Additional Services: 

MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs.Wes Oja and Jerome Chvilicekat (406) 656-7500 or Justin Bryan at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja, Jerome Chvilicek or Dan Bergstrom at (406) 656-7500 or Justin Bryan in our Abilene office at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate.  Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation.  Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day.  For more information on our auction services contact Scott Shuman at (800) 829-8747.

APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe.  For more information contact our appraisal team at (406) 656-7500.

SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners.  In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.

Competitive Pricing  |  Flexible Terms  |  Efficient Processing
Dave Roddy • (406) 656-7500 
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884

Disclaimer: 

General Information

Nebraska licensed real estate brokers and their associate brokers and salespersons are required by law to disclose the type of brokerage relationship they have with the buyers, tenants, sellers, or landlords to whom they are providing services in a real estate transaction. The buyers, tenants, sellers, or landlords may be either clients or customers of a licensee. A client of a licensee is a person or entity who has a brokerage relationship with that licensee. A customer of a licensee involved in a real estate transaction is a person or entity who does not have a brokerage relationship with that licensee, and who is not represented by any other licensee. 

There are several types of brokerage relationships that are possible, and you, whether a client or a customer, should understand them at the time a licensee begins to provide brokerage services to you in a real estate transaction. They are: 1) Buyer Limited Agency; 2) Tenant Limited Agency; 3) Seller Limited Agency; 4) Landlord Limited Agency; 5) Dual Limited Agency; and 6) Common Law Agency. 

The licensee who is offering brokerage services to you, or who is providing brokerage services for a particular property, must make certain disclosures regarding his/her brokerage relationship in the transaction. These disclosures must be made at the earliest practicable opportunity during or following the first substantial contact with a buyer, tenant, seller, or landlord who does not have a written agreement for brokerage services with another licensee. 

All real estate licensees providing brokerage services are buyer’s or tenant’s limited agents (NO WRITTEN AGREEMENT IS NECESSARY) unless: 

  1. The licensee has entered into a written agreement with a seller (a listing agreement) or a landlord (a management or leasing agreement) to represent the seller or landlord as their limited agent; 
  2. The licensee is providing brokerage services as a subagent of another broker who has an agency relationship with a client; 
  3. The licensee is providing brokerage services under a written consent to dual agency; 
  4. The licensee is operating under a written common law agency agreement with a client. 

At the end of each of the four sections in this brochure, brokers were given space to include information specifying those brokerage relationships their firms offer, and identifying the services they can provide within each relationship. Broker supplements to this brochure are distinguished by print type, and are in addition to the language prepared and approved by the Nebraska Real Estate Commission.

Buyer Agency

A buyer’s limited agent is an agent who represents a buyer. A real estate licensee is a buyer’s limited agent unless one of the written agreements or consents described in this brochure is in place. A buyer’s agency may also be created by written agreement between you and a real estate broker. A buyer’s limited agent, in addition to performing under the terms of any written agreement made with the buyer, exercises reasonable skill and care for the buyer and promotes the interests of the buyer with the utmost good faith, loyalty, and fidelity. A buyer’s limited agent seeks a price and terms which are acceptable to the buyer; presents all written offers to and from the buyer in a timely manner; discloses, in writing, to the buyer all adverse material facts actually known by the limited agent; and advises the buyer to obtain expert advice on known matters beyond the limited agent’s expertise. A buyer’s limited agent must account for all money and property received, and must comply with all applicable federal, state, and local statutes, rules, and ordinances.  

A buyer’s limited agent shall not disclose any confidential information about the buyer unless required by statute or rule, or if failure to disclose would constitute fraudulent misrepresentation. 

 A buyer’s limited agent may retain and compensate other brokers as subagents only with the written agreement of the buyer. (Subagents have the same duties and obligations as the buyer’s limited agents.) 

A buyer’s limited agent may show the same property to competing buyers, and assist competing buyers in attempting to purchase said property, without breaching any duty or obligation to their client. 

A buyer’s limited agent owes no duty or obligation to a customer (seller) except to disclose, in writing, all adverse material facts actually known by the licensee. Adverse material facts may include adverse material facts concerning the buyer’s financial ability to perform the terms of the transaction.  

A buyer’s limited agent must also act honestly and fairly in their dealings with a seller.  

A buyer’s limited agent owes no duty to conduct an independent investigation of the buyer’s financial condition for the benefit of the seller, or to independently verify the accuracy or completeness of statements made by the buyer or any independent inspector.  

A buyer’s limited agent must, if the seller is not represented by another licensee, provide a list of tasks that the buyer’s limited agent may perform for the seller (customer).

Hall and Hall Partners, LLP offers buyer agency.  As a buyer’s agent we will perform the following tasks for you as a seller-customer: 

  1. Explain the farm and ranch selling process.
  2. Review and explain clause in the purchase agreement.
  3. Present all buyer offers to the seller and seller counter offers to the buyer. 
  4. Provide, if requested , an estimate of closing costs bases on the proposed terms of the purchase agreement.
  5. Assist in the transaction until closing. 

Tenant Agency

Hall and Hall, LLP does not offer tenant agency.  

Seller Agency

A seller’s limited agent is an agent who has entered into a written agreement to represent a seller. A seller’s limited agent performs under the terms of the written agreement; exercises reasonable skill and care for the seller; and promotes the interests of the seller with the utmost good faith, loyalty, and fidelity.  A seller’s limited agent seeks a price and terms which are acceptable to the seller; presents all written offers to and from the seller in a timely manner; discloses, in writing, to the seller all adverse material facts actually known by the limited agent; and advises the seller to obtain any necessary expert advice on known matters beyond the limited agent’s expertise.  A seller’s limited agent must account for all money and property received, and must comply with all applicable federal, state, and local statutes, rules, and ordinances.  

A seller’s limited agent shall not disclose any confidential information about the seller unless required to do so by statute or rule, or if failure to disclose would constitute fraudulent misrepresentation.  

A seller’s limited agent may retain and compensate other brokers as subagents only with the written agreement of the seller. (Subagents have the same duties and obligations as the seller’s limited agent.)

A sellers limited agent may show and list alternative or competing properties without breaching any duty or obligation to the seller. 

A seller’s limited agent owes no duty or obligation to a customer (buyer) except to disclose, in writing, all adverse material facts actually known by the seller’s limited agent. An adverse material fact may include: 

  1. Environmental hazards affecting the property required by law to be disclosed; 
  2. Physical condition of the property; 
  3. Material defects in the property;
  4. Material defects in the title to the property; 
  5. Material limitations on the seller’s ability to perform under a contract. 

A seller’s limited agent must also act honestly and fairly in his or her dealings with a buyer. 

A seller’s limited agent owes no duty to conduct an independent inspection of the property for the benefit of the buyer, or to independently verify the accuracy or completeness of any statement made by the seller or an independent inspector.  

A seller’s limited agent must, if the buyer is not represented by another licensee, provide a list of tasks that the seller’s limited agent may perform for the buyer (customer).  

Hall and Hall Partners, LLP, offers seller agency.  As a seller’s agent, we will perform the following tasks for you as a buyer-customer:

  1. Explain the farm or ranch buying process.
  2. Review and explain clauses in the purchase agreement. 
  3. Provide information on available financing. 
  4. Provide, if requested, an estimate of closing costs at the time of completing the offer to purchase.
  5. Present all offers to the Seller, counteroffers from the seller and assist in the transaction until closing.

Hall and Hall Partners, LLP, offers landlord agency.  As a landlord’s agent, we will perform the following tasks for you as a tenant-customer: 

  1. Explain the leasing process.  Assess your wants and needs to lease a farm or ranch.
  2. Show you the properties Hall and Hall Partners, LLP has available for lease. 
  3. Present proposals to the landlord/owner.
  4. Review and explain the proposed lease.

Limited Dual Agency 

A limited dual agency is an agent who, with the written, informed consent of all parties to a contemplated real estate transaction, represents both the seller and the buyer. Both parties are clients of the licensee. 

A limited dual agent has the same duties and obligations of a limited agent to a seller and the same duties and responsibilities of a limited agent to a buyer except as set out below. 

A limited dual agent may disclose any information to one client that is gained from the other, if the information is relevant to the transaction or the client, except that a limited dual agent cannot disclose the following without the informed written consent of the client to whom the information pertains: 

  1. The buyer is willing to pay more than the purchase price offered; 
  2. The seller is willing to accept less than the asking price; 
  3. The motivating factors for any client; 
  4. A client will agree to financing terms other than those offered. 

The limited dual agent cannot disclose to one client any confidential information about the other unless required by statute or rule, or if failure to disclose would constitute fraudulent misrepresentation.

Hall and Hall Partners, LLP offers dual agency when working with sellers and buyers in connection with the sale of real property but does not offer dual agency when working with landlords and tenants in connection with the leasing and managing of real property.

Common Law Agency

The duties and obligations of an agent under a common law agency agreement exceed the duties and obligations of a limited agent as described in this pamphlet and in Nebraska Statutes, Neb. Rev. Stat. § 76-2401 through 76-2430. For example, a licensee who is authorized by the principal to bind the principal to terms or conditions in a real estate transaction would be a common law agent. A buyer or seller and the real estate broker must enter into this type of agency through a written agreement which specifies the agent’s duties and responsibilities, including the duty of confidentiality and the terms of compensation. An agreement such as this will be subject to the common law requirements of agency applicable to real estate licensees.

Hall and Hall Partners, LLP, does not offer common law agency in connection with the listing of property but does offer common law agency when acting as a landlord’s agent, when duty authorized by the landlord. 

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.