An all contiguous rangeland resource with sub irrigated rangeland sites with a modest set of building improvements. Ranch has 40 pastures and 29 stock wells some of which are shared with neighbors. A combination of county acres and Nrcs acres were utilized for the analysis. Broker Comments This is an excellent producing ranch that has only been on the market for a second time in over 100 years. It would not be for sale now if the current ownership did not have opportunities to purchase other land closer to their parent operations. Deeded acres by County Record 11,555.29 acres 2015 Real Estate Taxes by County Record $33,607.00 Land Classification Summary Estimated acres by County Record and Nrcs Sub Irrigated/Sandy Lowland - Hayed 832 ac Sub Irrigated/Sandy Lowland - Grazed 1454 ac Sandhill Rangeland 8640 ac Lake/Marsh 408 ac Bldg. Site & Lots 221 ac Total estimated acres by county record 11,555 ac Landlord Revenue Estimate 832 acres sub irrigated/sandy lowland - hayed 1038 Ton @ 2.5 AUMs/Ton - 2595 AUMs 832 acres aftermath grazing 168 Aums 10,094 acres sub irrigated/sandy lowland/sandhill range - 4771 AUMs 408 acres lake and marsh 221 acres building site and lots 11,555 acres total by county record 7534/12 months - 628 AUs or 18 acres/AU 832 acres hayed 1038 Ton @ $60/Ton/2 - $31,140 or $37/Ac CE includes aftermath 4,771/ 5 months/1.5 BWE - 636 Pair or 16 ac/pair 636 pair @ $55/Pair/Month for 5 months -$174,900 or $17/Ac CE $206,040 Gross Income $33,607 RE Taxes $23,000 R & R $2,200 Misc. $147,233 Net Income, Say $147,000 Net to Landlord Year Around Carrying Capacity Estimate 7534/12 mo 628 AUs Winter 2595 AUMs/4 mo - 649 AUs Spring/Summer/Fall 4939 AUMs/8 mo -618 AUs 625 AUs.80 500 Cows cow calf, retaining replacements, bulls 11,555 ac/625 AU - 18 ac/AU 11,555 ac/500 Cows - 23 ac/Cow History The Mule Shoe Bar South Ranch has a previous ownership history that dates back prior to the last century. A family of brothers by the name of Peterson settled in this area of the Sandhills, and proceeded to acquire land via homestead and purchase over the years and their lifetimes. Mule Shoe Bar was one of the ranch names with a brand that went with it. They ended up being some of the largest land owners in this area of the Sandhills joining other names such as Abbott, Black, Hord and Eldred, all of which including the Peterson Brothers, built ranching empires in their own names. Some of the original Peterson ownership is still currently held by their third and fourth generations today. Peterson Brothers stories have been passed down and shared through the generations of Sandhill families.One such story was about the Peterson Hay Trains. During the summer hay season the brothers would team up and share their resources to put up each other's hay meadows for winter feed. Horses, mules, hired men, and horse drawn hay equipment were all brought together to form a large hay crew that worked from the hay train during the summer months. The hay train consisted of several wagons each dedicated to a special purpose to get the hay put up. There could be as many as 5-6 wagons all connected together and pulled by a large team of many mules or horses. The first wagon was generally the straw boss quarters, second wagon, the cook house, third wagon the supply wagon, the fourth and fifth wagons the bunk house wagons and the last wagon the hay supplies wagon. This operation was self-contained with food and supplies for generally several weeks at a time with hay crew, horses, mules and the hay train traveling over thousands of acres putting up hay wherever the Peterson Brothers would want it put up. Spring brandings were also often completed with Peterson ranch shared cowboys. It was a good way to stay social in a day when your only means of transportation was by horseback for the average ranch cowboy working for wages at $25/Month or by horse and buggy if you owned the ranch. Nebraska Sandhills The Mule Shoe Bar South Ranch is located in the western region of the famed Nebraska Sandhills, known for one of the finest cattle producing regions in the United States. The Sandhills of Nebraska is the Nation's largest undisturbed native grassland area. If covers approximately 13 million acres in 20 counties located in the north central part of the state. The grasses are vigorous and nutritious and have proven themselves as drought tolerant species centuries ago by supporting vast herds of Buffalo prior to the arrival of the white man. Ogallala Aquifer The Sandhills of Nebraska also sits on top of the largest fresh water aquifer in the continental U.S. Known as the Ogallala or High Plains Aquifer, it supports fresh water bearing material where this ranch is located in the range of 400'-600' in depth. Stock wells and irrigation wells are generally considered shallow by comparison to other cattle producing regions in other states. Rainfall The rainfall belt in the area and location of these ranches ranges from 16 -19 per year with the majority of it falling during the grass growing season. It is generally considered consistent and reliable to the extent that cattle sell downs because of drought are rare. Markets The ranch is well located to auction barns in Ogallala and Gordon, Nebraska. Ogallala supports one of the finest livestock sale barns in the state of Nebraska. Thousands of reputation cattle pass through it gates annually in the form of special stock cow, bred heifer, yearling, and calf sales throughout the year. Buyers from several states are always on hand to create a consistent, top-end market for all classes of cattle. There are also video auction markets available that are nationwide in scope. Minerals The current ownership will convey all the owned minerals. Exchanges The current ownership will cooperate with 1031 exchanges. Approach TO Management And Revenue The Mule Shoe Bar South Ranch under the current ownership has been utilized by grazing with some summer haying to supplement for winter feed. In the analysis and use of this resource, five sub irrigated meadows were hayed, three in the northwest end of the ranch and two in the east end of the ranch. The ranch has a number of sub irrigated range sites that could be utilized in haying with some aftermath grazing or for just grazing.The Usda Nrcs has developed and provided both ranch range site maps with estimated acreages as well as an animal unit study for each ranch. These studies have been utilized in determining the estimated carrying capacities of each ranch resource. What follows are the ranch estimates of deeded acres and current real estate taxes from the respective counties as well as the Nrcs estimates of acres, range sites, carrying capacity AUMs under average use, number of pastures, and number of stock wells. The ranch has been evaluated for annual carrying capacity and an estimate of landlord revenue generation on a summer grazing basis utilizing cow-calf pairs and marketing the landlord share of hay production.