Legal Description:  The Southwest Quarter of the Northwest Quarter (SW ¼ NW ¼) and the Northwest Quarter of the Southwest Quarter (NW ¼ SW ¼) of Section 16, Township 26 North, Range 6; the Northeast Quarter (NE ¼) of Section 17, Township 26 North, Range 6; the Northwest Quarter of the Southwest Quarter (NW ¼ SW ¼) of Section 17, Township 26 North, Range 6; the South Half of the Southeast Quarter (S ½ SE ¼) of Section 18, Township 26 North, Range 6; the East Half of the Northeast Quarter (E ½ NE ¼) and the Northeast Quarter of the Southeast Quarter (NE ¼ SE ¼) of Section 19, Township 26 North, Range 6, containing 480 acres more or less, all East of the 6th P.M. in Thurston County, Nebraska.

Location:  4 miles south and 2 miles west of Emerson, Nebraska; or 7 miles north on Highway #9 and 2 miles west of Pender, Nebraska.

Farm Description:

• 295.42 acres center pivot irrigated;  2 electric powered irrigation wells;  3 Valley center pivots.
• 152.48 acres dryland crop.
• 19.7 acres of CRP - Payment of $1,747 per year;  expires 9/30/08.
• 12.4 acres building site and roads.

NE 1/4 17-26N-6E

S 1/2 SE 1/4 18-26N-6E with 2 corners of CRP land

E 1/2 NE 1/4 & NE 1/4 SE 1/4 19-26N-6E

SW 1/4 NW 1/4 & NW 1/4 SW 1/4 16-26N-6E	NW 1/4 SW 1/4 17-26N-6E

Improvements:

• Ranch style home.
• Lester building lined for grain storage with concrete floor, 50’x120’x14’.
• Machine shed with concrete floor, 36’x64’x12’.
• Harvestore, 20’x40’.
• Steel bin, 18’x16’.
• Steel bin, 18’x11’, with side damage.
• GSI drying bin, 30’x21’.
• Dryer bin, 24’x16’.
• Elevator leg, 60’x6”.
• Granary, 10’x14’x8’.
• Double corn crib, 31’x32’x8’.

FSA Farm Program Information:

Comments:  A very desirable cash grain center pivot irrigated and dryland farming unit well located in Thurston County with grain handling and storage facilities, and a modern ranch style home.

2007 Real Estate Taxes:  $15,744.02

Price:  $2,450,000.00