Ogallala, NE 69153 - Keith County

LOCATION: The ranch has an excellent location and access which is between Ogallala and Paxton, NE in Keith County. It lies on both sides and along the South Platte River, I-80 and US Highway 30.

LEGAL DESCRIPTION: The legal description is extensive and is available upon request.

ACRES: Keith County Assessor indicates there is a total of 7,290 taxed acres.

LEASED ACRES: There is an additional 423 acres of Private Lease land that lies between the South Platte River and Hwy 30

TAXES: 2015 taxes payable in 2016 are approximately $48,000.

LAND USE: Operated as a working cow ranch, the ranch offers an abundance of forage and protection for the existing cow herd. The summer grazing land is hard land range which is cross fenced and water is provided by stock tanks on water pipelines. The fences are in excellent condition. A pivot irrigated quarter offers supplemental feed. The ranch is in above average condition as far as fences, stock water and range condition.

HUNTING & RECREATION: There are over 5 miles of South Platte River frontage within the ranch. This includes nearly 970 acres of heavily treed wildlife habitat for whitetail deer, turkey and the occasional elk. The South Platte River provides habitat for ducks and geese. The hardland hills offer upland bird and mule deer hunting. The hunting is leased out until August 2017.

SUMMARY: Located in the heart of cattle country this is a very unique opportunity. You are buying into an existing 500-600 cow ranch operation. The ranch has been part of a 50/50 lease since 1993 and the lease will expire in February 2019. The Landlord provides the real estate and 50% of the cows. The tenant provides all equipment and labor and 50% of the cows. Income is derived from 50% of the sales volume of the calf crop and cull cows. A copy of the lease is available for qualified Buyers. As a Buyer you will be buying the real estate which is listed and at closing time you will buy 50% of the cows at current market value. The current tenant does have a "right to match" any and all offers on the property.