Olson Farms Lagoon 1 Dam, located in North Platte, Nebraska, is a privately owned structure regulated by the Nebraska Department of Natural Resources. Completed in 2000, this Earth-type dam stands at a height of 17 feet and has a storage capacity of 87 acre-feet. Serving a primary purpose classified as "Other," this dam plays a crucial role in managing water resources in the area.

With a low hazard potential and a satisfactory condition assessment, Olson Farms Lagoon 1 Dam is deemed safe and reliable for its intended use. The dam's last inspection in December 2019 confirmed its structural integrity and functionality, with an inspection frequency of every five years to ensure ongoing safety. Despite its humble size, this dam contributes to the overall water management system in the region, providing essential storage and regulation for the surrounding area.

As an integral part of the water infrastructure in Lincoln County, Nebraska, Olson Farms Lagoon 1 Dam is a vital component in the management of the South Platte River. With its modest surface area of 6 acres and drainage area of 0.2 square miles, this dam exemplifies the importance of even small-scale structures in maintaining water resources and climate resilience.