TRACT 1 Drive 779, Oconto, NE 68860

Tract 1:Tract one is located just Southwest from Oconto, and consists of approximately 645± acres of hardland pasture. It has excellent water sources including four stock tanks located in key areas of the section, along with two stock ponds, which can hold water in dry years. Tract one also has recreational opportunities including whitetailed deer, mule deer, and wild turkey. Rangeland is considered to be in good to excellent condition. There is direct county road access to this tract. The ranch has been evaluated for estimated carrying capacities as well as estimated landlord revenue on a summer grazing basis utilizing cow/calf pairs and market rents. The ranch has two long term tenants. They have worked and cared for the land along with the current owners. The current ownership is very conservation minded and the ranch resource reflects this. Deeded Acres By County Record Taxes: $5,615.22 Hardland pasture: 644.73± Location/Background The Devine Ranch is located in South Central Custer County near Oconto, Nebraska, approximately 25 miles North from Lexington, which has one of the largest beef packing plants in the region. This ranch was homesteaded by John A. Devine who is still considered a very prominent man of Oconto. The current Owners of the Devine Ranch are direct descendants of the original Devine Family that homesteaded it. This is the first time this ranch has been for sale since it was homesteaded 132 years ago in 1889. Rainfall The rainfall in the area and location of this ranch ranges from 20"-24" per year with the majority of it falling during the growing season. It is generally considered consistent and reliable to the extent that cattle sell downs because droughts are rare. Minerals The current ownership will convey all the owned minerals. Exchanges The current ownership will cooperate with 1031 exchanges. Ogallala Aquifer The Sandhills of Nebraska support the largest fresh water aquifer in the continental U.S. Known as the Ogallala or High Plains Aquifer, it develops fresh water bearing material where this ranch is located. Stock wells and irrigation wells are generally considered shallow by comparison to other cattle producing regions in other states. The Devine Ranch is located in the Ogallala Aquifer that supports approximately 400-600 feet of fresh water bearing material in the area of the ranch. Static and pumping levels for both irrigation wells and stock wells are considered shallow and excellent. A major factor in this is the South Loup River that traverses through Tract two. Landlord Revenue Estimate Tract 1 644.73 acres Total by county record @ .80 AUMs/AC 516 AUMs 516/12 months - 43 AUs or 15 Acres/AUs 516/5 months/1.6 BWE - 65 Pair or approximately 10 AC/Pair 65 pair @ $65/pair/mo, for 5 mos. - $21,125 $21,125 Gross Income $5,615 Real Estate Taxes $1,200 R & R $1,750 Misc (weed control) $12,560 Net Income, Say $12,500 Net to landlord Year Around Carrying Capacity Estimate Tract 1 516 AUMs/12 mo-43 AUMs 43 AUs .80 34 Cows (Cow Calf, Retaining Replacements, Bulls) 645 AC/43 AUs - 15AC/AU 645 AC/34 cows - 19 AC/Cow Summary Estimate Tract 1 645 Acres $21,125 Gross Income $12,500 Net Income