Prairie Income Oasis

ACREAGE
The 1470 acres consists of excellent quality grassland along with the building site.

The carrying capacity if traditionally managed with CRP contract is 84 pairs or 180 yearlings. It is a mixture of warm and cool season grasses with species like blue gramma, crested wheat grass, little blue stem, buffalo grass, sweet clover and needle and thread grass to name a few. The current owner has seen gains in yearlings of 2+ lbs./day. There are 9 pastures, and they range from 100 acres to 16d0 acres in size with at least one water source in each. There are multiple wells including 2 solar wells that both have ample storage. A 35,000-gallon cistern and a 15,000-gallon bottomless tank. The bottomless tank has a great trap in the corners of 4 of the pastures, making it easy to rotate pastures, doctor animals and manage grass. In the ¾ of a section on the west side of RD 49 there is a submersible that feeds the 3 tanks in each pasture. The perimeter of the property has 3 strand barbed wire fence and in the areas that the original fencing existed a pollinator was put in and fenced out with a 2-strand high-tinsel electric fence creating a new perimeter.  Estimated value of the cattle gain @ 70cetns/lb.  = $37,800

The property is enrolled in the NRCS Rangeland CRP program and receives $15/acre/year with 8 years remaining on the CRP contract.  Annual payment = $21,795.

A new easement agreement for Carbon Storage exploration has been entered into in 2024 with Tall Grass High Plains Carbon Storage.  The operator is seeking to sequester carbon in large underground pore spaces around 6,500 feet below the surface.  Approximately 300,000 acres in Wyoming and Nebraska are being considered for the sequestration project.  The agreement protects the owner from liability and damages.  The term of the agreement provides for an initial term and an extended initial term.  Payments are as follows:

Initial Term: Years 1 - 3 = $15/acre
Extended Term: Years 4 – 6 = $25/acre
Years 7 – 9 = $35/acre
Years 10-12=$45/acre

During the initial/extended initial term the carbon injection may begin at which time the payments will be revised based upon metered injection of Carbon Dioxide equal to $1/metric ton with minimum injection payments as follows:

Years 1-3 = $25/year
Years 4-7 = $15/year
Years 8-12 = $10/year
Years 13 –20 = $5/year

IMPROVEMENTS
An exceptional set of building improvements are in place on the property.

The 5 bedroom, 3 ½ bath home features a great open concept that is a combination of new construction and newly remolded in 2021. The original home was new in 2004. This home is perfect for entertaining and family time spent around meals and in the kitchen. There is a beautiful new Alder wood kitchen, with new soft close drawers and cabinets complete with pullouts, organization, an island, and spacious pantry that any cook will love.  The open concept connects the kitchen to the living room with a 6-seat breakfast bar and an adjoining formal dining area exists for those seated occasions.  The home features plenty of room for everyone to have their own space.  There are 5 traditional bedrooms with large closets and 1 nontraditional bonus/home gym room. This home includes a master suite with walk in closet, 5-piece bath, with double vanity, soaker tub, separate shower, and private toilet not to mention a sperate laundry.  Two bedrooms with a shared bathroom are nearby.

The new addition offers a second living area, two bedrooms, a home gym and full bath with double sinks, private toilet, and walk-in shower with 2 shower heads. A half bath right off the mudroom that is well thought out as it and the second washer and dryer are off the spacious 3 car garage’s exterior entrance. Working from home is a breeze with a 12x20 office with exterior entrance also off the garage. Not to mention the unheard-of High-Speed Internet capabilities with this rural property!!!

This home leaves little that was not thought of. It is well insulated with new 2 new furnaces and 2 new air conditioning units, new windows throughout and all lighting has been converted to LED. There is a great storm shelter in the garage as well as ample storage and work area. When you move into the yard with its new underground sprinkler system this property features several outdoor spaces with new sidewalks, a nice porch, firepit and pergola allowing for get-togethers and relaxation.

The building site offers 2 matching outbuildings, a 52x42 ft shop and 42x32 barn with attached 70x20 ft open front shed. There are heated waters in corral and several small stall type pens. There is a single well on the property that supplies both the house and the corrals. In the yard there is plenty of space to park trailers and equipment, build an arena and plant a garden.

Depending on how the buildings were to be used, the prospective rental value allowing for a few horses could be $2500 - $3500 per month and at the low end $30,000/year.

LOCAL AMENITIES
Kimball, Nebraska is the county seat, this is the address for the property. There is a small grocery store and small hospital with emergency room. Municipal Airport located three miles south of Kimball and 4 miles west of the property. A Dollar General, great public library, great K-12 school with an FFA program and concurrent enrollment for high school students allowing them to earn college credit while still in high school. The school has 403 students preK-12 with a 10-1 student- teacher ratio. There are 2 parks, an outdoor swimming pool, a really nice 18 hole golf course, Subway, Dairy Queen, Pizza Hut and other local restaurants and several hotels and gas stations. A local coop and 2 parts stores and hardware store, multiple banks, a gym and a pharmacy as well as many other amenities, so you don’t have to go far for the necessities. There are local rec leagues for sports opportunities for young and old and as well as 4-H clubs for involvement for the youth. In the event of needing a larger town you are 30 minutes to an hour from most things and only 2.5 hours to Denver International Airport. Main roadways that make this ranch convenient and hardly rural are interstate 80, highway 30 and highway 71 in this tri-state area.
•    34 miles from Sidney NE “Home of Cabela’s”
•    55 miles from Scottsbluff/Gering NW
•    64 miles from Cheyenne, WY
•    63 miles from Sterling, CO
•    76 miles from Fort Morgan, CO
•    108 miles from Ft. Collins, CO
•    162 miles from Denver, CO
•    273 miles from Rapid City, SD

Recreation
•    Kimball Community Walking Path on the south edge of town
•    Oliver Reservoir 9 miles west of Kimball.
•    Wildcat Hills State Recreation Area and Visitor Center 35 miles north on HWY 71
•    Local fair grounds and rodeo arena
•    Local RSNC Ranch Sorting events as well as team penning, roping clubs, barrel races and youth saddle clubs all within a short haul.   
•    Four Winds Golf Course is an eighteen-hole grass green golf course. It is one of the best in the state. A driving range, practice putting green, plus carts and clubs are available.

Utilities
•    Propane: stove, furnace and hot water heater- the current tank is Peetz Farmer’s Coop out of Peetz Colorado, they run a keep full route if you so choose. The contracted gallons for the year can be transferred to the new owner if desired. Frenchman Valley Coop out of Kimball, NE is also an option.
•    Electric: High West Energy out of Pine Bluffs, WY- 105 gallon hot water heater is on peak hours and provides a discounted rate for doing so.
•    Internet: Action Internet out of Scottslbluff, NE is the current option, however Starlink is slated to come to the area mid to late 2021. A deposit has been made for the property.  HughesNet is also an option.
•    Phone: Viaero Wireless is the best cell phone provider. There is a location in Kimball, NE or Sidney NE
•    Trash: Kimball County Dump- this can be set up in the city office. Trash can be hauled and/or dumpster services are available.
•    Water: Private Well installed 2004 the well is attached to the meter for the house and there is no additional charge. If well work is ever needed Brown Pump and Septic or B & B well service are both options.
•    Sewer- Private Sewer and leach field installed 2004

SUMMARY
Prairie Income Oasis is a quality cattle ranch with excellent improvements in a desirable, private, and low traffic locale.  The existing income from the CRP, Carbon storage, income from the grassland utilization and use of the buildings make this a profitable ownership endeavor.  Quality grass ranches that are well improved in this price range are difficult to find and one that makes a good return “out of the gate” is even rarer.

PRICING
Real Estate Taxes for 2023 were $11,542
CRP Income for 2023 - $21,795
Carbon Storage in 2024 = $22,000