Auction Note

WRITTEN BID AUCTION 1,384.75 +/- Cropland Acres - Cass County, ND Friday, February 8, 2019 – 5:00 p.m. (CT)   Written Bids Due By:   Friday, February 8, 2019 – Before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Dwight Hofland C/o: Susan Stibbe Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com (bid forms are available for download above)     Auction Note:  This land is offered in 5 parcels. Written bids will be accepted until 5:00 p.m. (CT) on Friday, February 8, 2019.  This property features 1,384.75 +/- acres of cropland with Soil Productivity Indexes (SPI) between 77 to 88.2. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, February 12, 2019 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. All bids must be accompanied by a three year farming/stewardship plan.      Contact:  Dwight Hofland at 701.630.4359 (dhofland@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above).       Parcel 1: Legal: E½ 17-144-52 Greenfield Township, Traill County, ND. Cropland Acres: 310.83 +/- Productivity Index: 88.2 Parcel Note: This exceptional parcel features the highest SPI cropland of this offering with 88.2.  With a strong cropping and production history of corn and soybean yields, this piece is a must for your portfolio. Driving Directions: From Hunter, North Dakota, drive approximately six miles north on Cass County Hwy. #18 to 9th St. SE, turn west and proceed approximately 3 miles. This will place you at the south east corner of the property.     Parcel 2:  Legal: NE¼ 15-143-53 in Dows Township, Cass County, ND. Cropland Acres:  156.83 +/- Productivity Index: 77.2 Parcel Note: This is another productive parcel with approximately 60 acres tiled throughout the parcel that boasts a strong SPI of 77.2. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile. Turn west and proceed 7 miles on 14th St. SE to 148th Ave. SE, this will place you at the north east corner of the property.       Parcel 3:    Legal: E½, E½ SW¼ 13-143-53 in Dows Township, Cass County, ND Cropland Acres:  404 +/- Productivity Index: 77 Parcel Note: This parcel has approximately 386 acres tiled throughout the entire parcel which enhances productivity and yields, and excellent corn and soybean cropping history with an SPI of 77. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile. Turn west on 14th St. SE and proceed west approximately 5 miles to 150th Ave. SE, this will place you at the north east corner of the property.     Parcel 4:    Legal: N ½ 15-143-52 in Hunter Township, Cass County, ND. Cropland Acres: 301.72 +/- Productivity Index: 85.8 Parcel Note: This parcel has approximately 40 acres tiled running east to west along the norther edge of this parcel. With an SPI of 85.8, this parcel will produce outstanding corn and soybeans. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile to 14th St. SE. Turn west and proceed approximately 1 mile to 154th Ave. SE. This will place you at the NE corner of the property.     Parcel 5:   Legal: S½  24-143-52 less the elevator property along Hwy. #18 and less the Hunter Lagoon, all in Hunter Township, Cass County, ND. Cropland Acres:  211.37 +/- Productivity Index: 79.2 Property Note: This parcel is 100% tiled to enhance strong yields to boost the SPI to 79.2. Driving Directions: This property borders the town of Hunter. Access to this parcel is from Hwy. #18 and 16th St. SE on the southern edge of Hunter. Proceed east approximately ¼ mile. This will place along the southern border of this parcel.       OWNER: Susan Stibbe     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, February 8, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a three-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 land owner (s) and will play an important role in the final decision when awarding the contracts. Fall fertilizer was applied to this land, successful bidder will be required to reimburse Land Owner for these costs. Reimbursement costs will be based on SOP number established by the fertilizer company. 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 Tuesday February 12, at 10:00 a.m. (CT). 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. The winning bidder will (upon Landowner acceptance) receive a lease agreement provided by Susan Stibbe. Bidders are bidding on a 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2021 or when fall tillage is completed whichever is the earliest.   Annual rent will be due on or before March 1st each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials.   Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Dwight Hofland: Susan Stibbe Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com