Auction Note

WRITTEN BID LEASE AUCTION 150 +/- Crop Acres - Perkins County, SD   Written Bids Due By: Friday December 10, 2021 – 5:00 p.m. (CT)   Fax or Email Bids to: Pifer’s Auction and Realty Attn: Ryan Hofland: Benjamin Jensen Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com (bid forms are available for download above)   Auction Note: Pifer’s Land Management is seeking bids for the 2022-2024 crop seasons. This farm has expired Conservation Reserve Program (CRP) grass that has been cut and is ready to be prepared for the 2022 growing season.  Highest written bids will have an opportunity to orally raise their bid on Monday, December 13, 2021 at 10:00 a.m. (CT) by phone.  The successful bidder will have possession upon signing of the lease by owner and tenant.  Bids will be submitted on an annual dollar per acre basis.    Contact: Ryan Hofland at 701.373.5797, (rhofland@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: Head South on HWY #22 for 12 miles to the South Dakota boarder. HWY #22 becomes HWY #79. Continue south for 7 miles. Turn east on County Rd. #858/Ludlow Rd. for 5 miles. Turn south on White Hill Rd for 3 miles until you reach Duck Creek Rd. Turn west on Duck Creek Rd. for 2.7 miles to the north edge of the property.     Property Information: Crop Acres:      150 +/- Legal: NW1/4 18-21-10 Wilson Township This farm has expired CRP grass that has been cut and is ready to be prepared for the 2022 growing season.  The property has a great Soil Productivity Index (SPI) of 58. Great access off of Duck Creek Rd.         LANDOWNER: Benjamin Jensen     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on December 10, 2021. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a 3-year farming plan, including but not limited to, crop rotation, normal chemical and fertilizer application. These stewardship/farming plans are important to the land owner (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 December 13, 2021, 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 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, 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 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: Ryan Hofland: Benjamin Jensen (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com