Friday, March 2, 2012 - 11:00 a.m.

Located at the Phelps County Agricultural Society, 1308 2^nd St., Holdrege, Nebraska.

TRACT #1 - SOLD $7,200/ACRE

Legal Description: The Southeast Quarter (SE ¼), except platted building site, of Section Thirty-three (33), Township Seven North (T7N), Range Twenty West (R20W) of the 6^th P.M., Phelps County, Nebraska 154.95 acres more or less.

Location: From Bertrand, Nebraska go 1 ½ miles east on 738 Road.

Description: This is a pivot irrigated farm consisting of 150 contract acres with the Central Nebraska Public Power & Irrigation District. There are excellent soil types and this farm would make an outstanding addition to anyone’s farming operation.

Equipment: There is a U.S. 25 hp 3 phase motor to pump canal water, a propane powered booster pump, and approximately ¼ mile of irrigation pipe. There is not a pivot included however there is a pivot pad, underground pipe and wire coming from the source of the canal water. This farm is pivot ready!

TRACT #2 - SOLD $5,000/ACRE

Legal Description: The Southwest Quarter (SW ¼), except platted building site, and the South Half (S ½), Southeast Quarter (SE ¼) & the South Half (S ½), North Half (N ½), Southeast Quarter (SE ¼) of Section Nine (9), Township Two North (T2N), Range Eighteen West (R18W) of the 6^th P.M., Harlan County, Nebraska, 261 acres more or less.

Location: From Alma, Nebraska go 3 miles north on U.S. Hwy 183.

Description: This is a very nice 261 acre farm that is pivot irrigated with excellent soils and 209.2 certified irrigated acres according to the Lower Republican NRD. Located right along U.S. Hwy 183 this farm has great access and would be an excellent addition to your farming operation.

Equipment: There are 2 Reinke 8 tower center pivots on this farm, a Cummins 6BT power unit, an Izuzu 6 cylinder power unit, 2 fuel tanks, Amarillo 80 hp and 60 hp gear-heads, wells and pumps.

Possession: Full possession for the 2012 crop year will be granted to the purchaser.

Terms: A payment equal to 20% of the purchase price will be due the day of the auction. The balance will be due on or before April 2, 2012 by cash, certified funds or a direct wire transfer to the closing agent. The 2011 and all prior taxes will be paid by the seller. Buyer will receive 50% of the mineral rights held by the seller. Title insurance will be split equally between the buyer and the seller. All equipment sells in as is condition.

A PIP (Property Information Packet) will be available by contacting Ruhter Auction & Realty, Inc. The PIP includes aerial mapping, soils and topography maps, FSA, and well information, etc.

Disclaimer: All inspections required by the purchaser will need to be made prior to the auction date. This sale is not contingent upon financing.

Ruhter Auction & Realty, Inc. is acting as the agent for the sellers.

Seller: Chad Robison