Studebaker Dam 2434, located in Lancaster, Nebraska, is a privately owned structure designed by the USDA NRCS with a primary purpose of flood risk reduction. Completed in 1996, this Earth-type dam stands at a height of 32 feet and has a structural height of 36 feet, offering a maximum storage capacity of 39 acre-feet of water. The dam is situated on TR-WAGON TONGUE CREEK, serving as a crucial infrastructure for managing water resources in the area.

Despite its low hazard potential, Studebaker Dam 2434 is currently assessed as being in poor condition as of the last inspection in April 2019. The dam's inspection frequency is set at 5 years, and it is regulated by the Nebraska Department of Natural Resources. With a drainage area of 0.1 square miles and a maximum discharge capacity of 44 cubic feet per second, this dam plays a vital role in protecting the surrounding community from potential flooding events. However, there is a need for ongoing maintenance and rehabilitation efforts to ensure its long-term effectiveness in safeguarding the area against water-related risks.