Auction Note

WRITTEN BID LEASE AUCTION 448.6 +/- Acres - Wells County, ND Written Bids Due:  Tuesday September 19, 2023 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Dwight Hofland (Land Manager), Sharon Retzlaff (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 property features 448.6 +/- crop acres with highly productive soils and strong cropping history in Cathay Township. Pifer's Land Management is seeking tenant(s) to lease farmland for the 2024-2025 crop year. FSA crop bases are 192.88 +/- acres of wheat with 46 PLS yield and 254.02 +/- acres of soybeans with 25 PLC yield. All parcels have excellent access with good farm to market roads.   Highest written bids will have an opportunity to orally raise their bid on Thursday, September 21, 2023 at 1:00 p.m. (CT) by phone.  Bidders may bid on one or more parcel(s) or all parcels combined. The successful bidder will have possession upon January 1, 2024.  Bids will be submitted on an annual dollar per acre basis.    Contact:  Dwight Hofland at 701.630.4359 or 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. #52 and Hwy. #30 near Sykeston, ND, go north on Hwy. #30 for 5 miles. Parcel 1 is on the west side of Hwy. #30 and parcel 2 is on the east side.     Parcel 1 Crop Acres: 148.09 +/- Legal: NE¼ 26-147-69 This property features 148.09 +/- crop acres with a Soil Producticity Index (SPI) of 73.6 and strong cropping history of soybeans and wheat.  The highly productive soils of Heimdal- Emrick loams offer strong soil productivity.     Parcel 2 Crop Acres: 300.51 +/- Legal: W½ 25-147-69  This property features 300.51 +/- crop acres with a SPI of 66 and strong cropping history of soybeans and wheat.          LANDOWNER:  Sharon Retzlaff     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Tuesday, September 19, 2023. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a 2-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. 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 Thursday, September 21, 2023, at 1:00 p.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 at the signing of the contract and terminate December 31, 2025.   Annual rent will be due on or before March 1 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), Sharon Retzlaff (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com