Auction Note

WRITTEN BID AUCTION 452.52 +/- Cropland Acres – Traill County, ND Friday, December 14, 2018 – 5:00 p.m. (CT) Written Bids Due:  Friday, December 14, 2018 – before 5:00 p.m. (CT)   Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Lunde Group 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:  This land is offered in 2 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, December 14, 2018.  Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, December 18, 2018 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. This property features 452.52 acres of cropland with Soil Productivity Indexes (SPI) between 86.9 to 91.9!   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: NE¼ Section 29-148-50 in Stavanger Township, Traill County, ND Cropland Acres: 150.27 +/- Soil Productivity Index: 86.9 Driving Directions: From Buxton, drive east on Co Rd. #21 for approximately 1¼ miles, turn north on to Co Rd. #81 then drive north 1 mile.  At the intersection of Co Rd. #81 and 14th St. NE turn east and drive a ½ mile.  This will place you at the NW corner of the property.       Parcel 2: Legal: N½ less 12.28 acres Section 28-148-50 in Stavenager Township, Traill County, ND Cropland Acres:  302.25 +/- Productivity Index: 91.9 Driving Directions: From parcel one, drive directly east a ½ mile on 14th St. NE.  This would place you at the NW corner of the parcel.           OWNERS: Beverly Lunde, Robert Hauge, Vernon Feleide Et Al, and Erfjord Gruah Farming, LLC       Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, December 14, 2018. 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 December 18, 2018 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. Each bidder needs to submit a three-year stewardship plan, including but not limited to nutrient application, crop selection and rotation along with tillage practices. The selected high bidder will adhere to such practices in writing as an exhibit to said lease. 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 December 31, 2018. 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: Lunde Group, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com