Auction Note

This is a rare opportunity to rent approximately 450 +/- acres of highly productive farmland located in Wolverton Township. The property features exceptional soils with Soil Productivity Indexes (SPI) ranging from 86.7 to 91.9.

This tract has a long history of consistent yields and is well-suited for a variety of crops, including corn, soybeans, sugar beets, and sunflowers. Its productivity, combined with excellent drainage and field accessibility, makes it a highly desirable parcel for any producer looking to expand or strengthen their operation.

Pifer’s is accepting bids on these acres on a dollar amount per acre. Bids will need to be accompanied by a three-year farm plan and a letter of good standing from your financial institution. Note to bidders: No sugarbeets will be allowed in year three of this contract unless an extension of the lease has been executed. 

Bidders shall submit their top bid by November 21, 2025, by 5:00 p.m. (CT). Oral bidding will take place for each parcel on November 25, 2025. Bids will be submitted on an annual dollar-per-acre basis. The successful bidder will have possession starting on or before January 1, 2026. 

Tax Pass-Through. The annual lease payments will be subject to a pass-through lease payment adjustment to cover increases on the Real Estate Taxes for the parcels included in the Lease Agreement.  The net increase, if any, for Real Estate Taxes covering the immediately preceding annual period will be calculated at the beginning of each annual period and the incremental amount will be added to the annual lease payments for each and every lease payment during the full duration of this Lease Agreement.  For example, if the Landowner’s net annual Real Estate Taxes increased $50 from the previous annual period, the $50 incremental cost would be passed through to the Tenant(s) by an increased annual payment of $50 for each annual payment during the term of this Lease Agreement.

Bidding Procedure: 

1. All written bids must be received before 5:00 p.m. (CT) on November 21, 2025.
2. Written bids will be submitted on an annual per acre basis.
3. All written bids must be accompanied with a 3-year farming plan, including but not limited to, crop rotation, normal chemical application, field drainage plans and or suggested tiling plan. These stewardship/farming plans are important to the landowner(s) and will play an important role in the final decision when awarding the contracts.
4. The winning bidder will (upon Landowner acceptance) receive a lease agreement provided by Pifer’s Land Management.
5. Bidders are bidding on a 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2028.
6. The top written bids will be invited to the Oral Bidding and will have an opportunity to raise their bid at a time and place designated by Pifer’s Auction & Realty. Oral Bidding will be on November 25, 2025 at 2:30 p.m. (CT).
7. Each Oral Bidder will have the opportunity to bid on each parcel individually as well as altogether (Overall).  Each Oral Bidder must bid on at least one parcel individually to qualify for participation in the Overall bidding process.
8. Annual rent will be due on or before April 1st of each year of the lease agreement.
9. The awarded bidder must provide a letter of good standing from their financial institution include with their bid form.
10. The awarded bidder must provide Farm Liability insurance policy that meets lease agreement standards.
11. The Landowner reserves the right to accept or reject any and all bids.
12. All statements made the day the last day of bidding will take precedence over all printed materials.

Mail, Fax, or Email Bids to:

Pifer’s Auction and Realty

Attn: Tyler Berby (Land Manager):

1506 29th Ave S

Moorhead, MN 56560

FAX: 218.477.1969

Tberby@pifers.com