If you are interested in acquiring School Trust Land, the Board will consider land trade or purchase proposals. A Nebraska statute allows the Board to enter into such land trades. However, in order to enter into a trade, the Board---consistent with the Nebraska statute---must receive a significant benefit as a result of the trade.

If you want to acquire land, but don't have land that you wish to trade to the Board, you still may qualify for a multi-party trade in which you and others contribute cash or land into escrow, and the escrow agent distributes land and cash out of escrow to the parties. Section 1031 of the Internal Revenue Code recognizes this arrangement as a valid trade.

Furthermore, as a result of the trade, you may qualify for an income tax deduction equal to the amount of the benefit that the Board receives as a result of the trade. For example, if you transfer land in a trade at a value in excess of its appraised value, you may qualify for such an income tax deduction. We, of course, don't give tax advice so you may wish to consult your tax advisor.

In order to trade for, or purchase, any of the parcels, an appraisal may be required, and at least one of the following four conditions must be present:

• The current Lease will expire during the year.
• The current Lessee is willing to relinquish, or give up, their Lease. Of course, if you are the current Lessee, you would need to relinquish the current Lease before an auction can occur.
• The current Lessee is willing to assign their Lease to a successful auction bidder.
• The current Lease contains a "call" provision. A "call" provision allows the Board to terminate the Lease by giving a specified notice to the current Lessee.

Contact Field Representative (Please see Staff Page): Contact the Field Representative for the County where the parcel is located to discuss what options may be available.

Decision to Proceed: Any reasonable offer you make that is beneficial to the School Land Trust will be investigated and presented to the Board for consideration. You will be informed if the Board approves proceeding with the trade and correspondence and specific requirements will be exchanged.

Appraisable Improvements and Personal Property: You must purchase from the current Lessee the appraisable improvements on the property you are acquiring (unless you are the current Lessee). These improvements will have been recently appraised by our Field Representative. Personal property, other than the appraisable improvements referred to above, remains the property of the Lessee, subject to prompt removal after closing of the transaction.

Contact Us: Properties that the Board may consider trading are listed below. If you have questions regarding this procedure, contact your Field Representative or call Kelly Sudbeck at our office (402-471-2014).

Counties displayed GRAYED OUT do not have land for sale or trade. Click on the county to find the land that could be brought to auction in that county.