Farwell 2-1 is a privately owned earth dam located in Howard County, Nebraska, designed by the USDA NRCS and completed in 1963. With a height of 35 feet and a length of 485 feet, the dam serves multiple purposes including flood risk reduction. It has a storage capacity of 310 acre-feet and covers a surface area of 8 acres, with a drainage area of 1.7 square miles. The dam is regulated by the Nebraska Department of Natural Resources and undergoes regular inspections to ensure its safety and functionality.

Despite its low hazard potential, Farwell 2-1 is currently assessed as being in poor condition as of the last inspection in May 2019. The dam has a hydraulic height of 35 feet and a structural height of 39 feet, and its condition is closely monitored due to its importance in flood risk reduction for the surrounding area. The dam's emergency action plan status and risk assessment measures are currently unspecified, highlighting the need for continued attention and maintenance to ensure the safety and effectiveness of this crucial water resource infrastructure in Nebraska.