Auction Note

WRITTEN BID AUCTION 665.47+/- Cropland Acres Stutsman County, ND Friday, February 8, 2019 – 5:00 p.m. (CT)   Written Bids Due By: Friday, February 8, 2019 – 5:00 p.m. (CT) Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Judy Nohrenberg c/o Rick & Joan Kramlich Land Lease 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 judy@pifers.com (bid forms are available for download above)   Auction Note: This land will be presented as 5 parcels.  Written bids will be accepted until 5:00 pm on Friday, February 8, 2019.   Bidding will be based on cropland acres.  Bidder may bid on one or more parcels or all parcels combined.  Highest written bids will have an opportunity to orally raise their bid on Monday, February 11, 2019 at 9:00 am (CT) by phone.  Bidding will be on a 3-year contract. The successful bidder will have possession starting on the date of lease signing.  Bids will be submitted on an annual dollar per acre basis.  This property features 665.47 +/- cropland acres, with highly productive soils with Soil Productivity Indexes (SPI) ranging from 56.7 to 70.7.  FSA Crop Acreage Bases of 519.1 acres represents 78% of the cropland.  All parcels have good township road access.   Contact:  Judy Nohrenberg at 701.269.1503 (Judy@pifers.com) or Pifer’s Auction & Realty at 218.477.1968 for more information or a bid form (bid forms are available for download above).   Driving Directions:   Parcel 1: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE, turn west, continue 2 miles to the intersection 90th Ave. SE, turn north, proceed on 90th Ave. SE for a ½ mile.  This will bring you to the NE corner of Parcel 1. Parcel 2: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go 2 miles west on 11th St. SE. to 90th Ave. SE. This will bring you at the NE corner of Parcel 2. Parcel 3: From Courtenay, ND travel north on Hwy #20 approximately 2.5 to 11th St. SE. Turn west and drive 2 miles to 90th Ave. SE. Turn north on 90th Ave. SE and proceed 2 miles to 9th St. SE. Go east 1 mile on 9th Ave. SE to 91st Ave. SE. Go south on 91st Ave. SE for less than ½ mile.   This will bring you at the NE corner of Parcel 3. Parcel 4:  From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go west 2 miles to 90th. Ave SE. Go north 2 miles to 9th St. SE. Go east 1 mile to 91st Ave. SE. Go south on 91st Ave. SE for 1 mile.  This will bring you at the NE corner of Parcel 4. Parcel 5:  From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go west 2 miles to 90th Ave. SE. Go north 2 miles to 9th St. SE. Go east, 1 mile to 91st Ave. SE. Go south on 91st Ave. SE for 1 mile.  this will bring you at the NW corner of Parcel 5.     Property Information: Base Acres & Yields - All Parcels Combined   Parcel 1: Cropland Acres:  144.0 +/- Legal: NE¼ 25-144-63 (Nogosek Township) Soil Productivity Index: 66.8 This field was planted to corn in 2018 and has an excellent SPI with 46% of the soils ranging from 69 to 85.      Parcel 2: Cropland Acres:  142.14 +/- Legal: NE¼ 36-144-63 (Nogosek Township) Soil Productivity Index: 63.6 The majority of this parcel was planted to corn in 2018 with a small field of wheat along the east side.  This parcel features excellent soils with 40% of the acres having a 75 to 85 SPI.  There is good gravel road access to this parcel from Hwy #20.  There is a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions.     Parcel 3: Cropland Acres:  140.54 +/- Legal: S20 acres NE¼ and SE¼ 19-144-62 (Corinne Township) Soil Productivity Index: 58 This parcel was planted to wheat and corn in 2018.  The SPI has 28% of the soils ranging from 69 to 77.  The 20 acres in the NE½ has a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions.      Parcel 4: Cropland Acres:  121.55 +/- Legal: NE¼ 30-144-62 (Corinne Township) Soil Productivity Index: 56.9 This parcel was planted to corn in 2018. Over 64% of the acres have an SPI ranging from 69 to 85. There is a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions.       Parcel 5: Cropland Acres:  117.24 +/- Legal: NW¼ 29-144-62 (Corinne Township) Soil Productivity Index: 70.9 This parcel was planted to corn in 2018 and features an excellent SPI with 64% of the acres ranging from 69 to 85. There is a US Fish & Wildlife easement allowing wetlands to be cropped under natural conditions.      LANDOWNERS: Rick & Joan Kramlich   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on February 8, 2019. Written bids will be submitted on an annual per acre basis. 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 Monday, February 11, 2019, at 9:00 am (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 Pifer’s Land Management. Bidders are bidding on a 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2021.   Annual rent will be due on or before March 1st each year of the lease agreement. The awarded bidder must provide a letter of good standing from their financial institution. The Landowner reserves the right to accept or reject any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials.   Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Attn: Judy Nohrenberg c/o Rick & Joan Kramlich Land Lease 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 judy@pifers.com