Auction Note

WRITTEN BID LEASE AUCTION 1,312.9 +/- Crop, Pasture, Hayland & Farmstead - Logan County, ND   Written Bids Due By: Friday, December 6, 2019 – 5:00 p.m. (CT)   Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Judy Nohrenberg: Glenn & Dawn Dallman 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 judy@pifers.com (bid forms are available for download above)     Auction Note: This property northeast of Lehr, North Dakota features 500.63 +/- excellent cropland acres. All acres were wheat, sorghum/sudan and mixed grass in 2019. The 767.59 +/- pasture acres have excellent grass and water.   The 8 +/- acre farmstead has a residence, shop, barns, hay storage and corrals.  Excellent access to all areas of this property! Land will be presented as six parcels. Written bids will be accepted until 5:00 p.m. Friday December 6, 2019.  Bidding will be based on cropland, pastureland, hayland and farmstead. Bidders may bid on one or more parcels or all parcels combined. Highest written bids will have an opportunity to orally raise their bid on Tuesday December 10, 2019 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. The successful bidder will have possession starting on or before January 1, 2020.  Bids will be submitted on an annual dollar per acre basis.    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).     Parcel 1: Legal: SW¼, N½  7-134-68  Pasture Acres:  488 +/- This property features  488 +/- pastureland acres with highly productive soils.  Excellent grass, water and well maintain fences.     Parcel 2: Legal: SE¼  7-134-68  Crop Acres: 113.69 +/- Hay Acres: 30 +/- This property features  113.69 +/- cropland acres with Soil Productivity Index (SPI) of 61.5 and all acres were planted to wheat in 2019.         Parcel 3: Legal: N½  18-134-68  Pasture Acres: 279.9 +/- Crop Acres: 29.21 +/- This property features  279.9 acres of pasture with excellent grass.  A spring-fed dugout and well with tire tanks provide good water.   29.21 +/- cropland acres were planted to sorghum forage in 2019.      Parcel 3a: Legal: N½  18-134-68  Farmstead Acres:  8 +/- This property features the farmstead with a residence, shop, barns, corrals and hay fence storage with good driveway access.      Parcel 4: Legal: NE¼NW¼, S½NW¼  17-134-68  Crop Acres: 50.75 +/- Hay Acres: 6.68 +/- This property features  50.75 +/- cropland acres which were planted to wheat in 2019 and 6.68 acres of hayland.        Parcel 5: Legal: W½ 20-134-68  Cropland Acres:  306.98 +/- This property features  306.98 +/- cropland acres.  During crop year 2019, 110 acres were planted to sorghum/sudan for forage.  196.97 acres are grass and will be required to be converted to active cropland for planting in the spring of 2020.        OWNER: Glenn & Dawn Dallman     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on December 6, 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, December 10, 2019, at 10:00 (CT). Each Oral Bidder will have the opportunity to bid on each parcel individually as well as all together (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, 2022. Annual rent will be due on or before February 15th 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: Judy Nohrenberg (Land Manager): Glenn & Dawn Dallman 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 Judy@pifers.com