Auction Note

WRITTEN BID AUCTION 307.29 +/- Cropland Acres - Nelson County, ND Friday, January 4, 2019 – 5:00 p.m. (CT)   Written Bids Due:  Friday, January 4, 2019 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Roger Pic C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above)     Auction Note:  Land is offered in 2 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 4, 2019.  Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, January 8, 2019 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. This property features 307.29 acres of cropland with Soil Productivity Indexes between 68.6 to 72.2.      Contact:  Paul Butenhoff at 701.371.1426 (paulb@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).   Property Information:     Parcel 1: Legal: SW¼ Section 30-151-58 Melvin Township, Nelson County, ND Cropland Acres: 151.92 +/- Soil Productivity Index: 68.6 Driving Directions: From McVille, ND, drive north on Co Rd 35 for approximately 6¾ miles. Turn east on to 31st St NE then drive one east 1 mile.  This will place you at the SW corner of the property.        Parcel 2: Legal: NE¼ Section 32-149-61 Forde Township, Nelson County, ND Cropland Acres: 155.37 +/- Productivity Index: 72.2 Driving Directions: From McHenry, ND, drive north on ND Hwy 20 for approximately 5.8 miles.  Turn east onto 17th St NE and drive 4 miles east. Turn north onto 96th Ave NE, drive 1 mile.  At the intersection of 18th St NE turn east and drive approximately .9 miles and then north a ½ a mile. This will place you at the SE¼ of the property.         OWNER: Roger Pic       Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 4, 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 Tuesday January 8, 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 and will be required to return a signed copy to Pifer’s on or before January 22, 2019. Bidders are bidding on a 3-year lease agreement. The agreement will begin on January 1, 2019 and terminate on December 31, 2021. Annual rent will be due on or before March 15th 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: Roger Pic, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com