Auction Note

WRITTEN BID AUCTION 1,122.48 +/- Acres - Bowman County, ND Written Bids Due:   Friday, November 18, 2022 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Dwight Hofland (Land Manager), Thom Investment Property, LLLP (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com (bid forms are available for download above)   Auction Note: This is a rare opportunity to rent some excellent hayland in Bowman County, ND. Our landowner(s) are seeking tenant(s) to lease farmland for the 2023-2024 crop year. This property features 1,086.98 +/- hay acres and 35.5 +/- crop acres to be put into production during in 2023 in Hart Township. This land is all expired CRP with excellent mixed grass hay. All parcels have excellent access off Griffin Rd. Written bids will be accepted until 5:00 p.m. on Friday, November 18, 2022. The successful bidder(s) will have possession starting on or before January 1, 2023.  Bids will be submitted on an annual dollar per acre basis.    Contact: Dwight Hofland at 701.630.4359, (dhofland@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: At the intersection of Hwy. #12 and Griffin Rd. west of Bowman, ND, go south on Griffin Rd. for 1 mile. This will put you at the NW corner of Parcel 1. From Parcel 1, go south on Griffin Rd. for 3 miles to 88th St. SW. This will put you at the SW corner of Parcel 2. Parcels 3 and 4 are 0.5 miles south of Parcel 2 on Griffin Rd. and east on the section line. Parcel 5 is 2 miles east on 90th St. SW from Griffin Rd.     Parcel 1 Legal: SW¼  2-131-103 Hay Acres:  146 +/- This property features 146 +/- expired CRP grass acres consisting of alfalfa, brome, crested and slender wheat grasses. Excellent access directly off paved Griffin Rd. Preference to convert this parcel back to cropland in 2023.     Parcel 2 Legal: S½ 23-131-103  Hay Acres:  300 +/- This property features 300 +/- hay acres. This parcel consists of expired CRP grasses consisting of alfalfa and a mid of tame grasses. Excellent access of paved Griffin Rd.     Parcel 3 Legal: NE¼ and part of the SW¼  26-131-103 Hay Acres: 184.9 +/- This property features 184.9 +/- hay acres. This parcel consists of two differnt tracks of expired CRP grasses consisting of alfalfa and a mix of tame grasses. Excellent acces off pave Griffin Rd and main road through the owner's farmstead.     Parcel 4 Legal: NW¼, SE¼ and part of the SW¼ 25-131-103 Hay Acres:  342.79 +/- This property features 342.79 +/- hay acres. This parcel consists of three different tracks of expired CRP grasses consisting of alfalfa and a mix of tame grasses. Part of these parcels was hayed in 2022. Good access on section line on east side of section 25.     Parcel 5 Legal: SE¼  36-131-103 Crop Acres:  35.5 +/- Hay Acres: 113.29 +/- This property features 35.5 +/- crop acres that were idled in 2022. These acres will be bid to be put back into production in 2023-2024. These acres consist of a Soil Productivity Index (SPI) of 58.6 of which 48% of these acres have a SPI of 82 comprising of Shambo Loam Soils. The 113.29 hay acres consists of expired CRP grasses with a mix of alfalfa and tame grasses. Good access on section line on east side of section 36.       OWNER: Thom Investment Property, LLLP     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on November 18, 2022. 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 Tuesday, November 22, 2022 at 10 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 Pifer’s Land Management. Bidders are bidding on a 2-year lease agreement. The agreement will begin January 1, 2023 and terminate December 31, 2024.   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 awarded bidder must provide Farm Liability insurance policy that meets lease agreement standards. 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: Dwight Hofland (Land Manager): Thom Investment Property, LLLP (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com