Auction Note

WRITTEN BID LEASE AUCTION 1,555.72 +/- Exceptional Contiguous Cropland Foster, Griggs and Stutsman Counties, North Dakota Friday, January 19, 2018 – 5:00 p.m. (CT)   Written Bids Due:  Friday, January 19, 2018 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Barnes Land Lease, C/o: Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com (bid forms are available for download above)   Auction Note:  Land will be presented in 5 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 19, 2018.  Bidding will be based on Cropland Acres. Highest written bids will have an opportunity to orally raise their bid on Monday, January 22, 2018 at 1:00 p.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined.   Contact:  Dwight Hofland at 701.630.4359 dhofland@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: N1/2 Section 12-145-62 in Eastman Township, Foster County, North Dakota Cropland Acres: 271.05 +/- Productivity Index: 71.8 Driving Directions: From Sutton, ND, proceed 3 miles west on 1st St. SE, this will place you at the north-eastern corner of this unit.     Parcel 2:  Legal: W1/2 Section 32-145-61 in Mable Township, Griggs County, North Dakota Cropland Acres: 301.03 +/- Productivity Index: 67.9 Driving Directions: From Sutton, ND, drive south on Highway 3 to 6th St. E, turn west proceed 2 miles west to 97th Ave. SE, this will place you at the southwest corner of this unit.     Parcel 3: Legal: W ½ Section 1-144-62 in Corinne Township, Stutsman County, North Dakota Cropland Acres: 295.55 +/- Productivity Index: 57 Driving Directions: From parcel 2, proceed west ½ mile, this will place you at the northeast corner of this parcel.     Parcel 4: Legal: N ½ Section 2-144-62 less farmstead in Corinne Township, Stutsman County, North Dakota Cropland Acres: 262.28 +/- Productivity Index: 63.2 Driving Directions: Parcel 4 is directly west of parcel 3. From parcel 3 drive west 1 mile to 95th Ave. SE, this will place you at the NE corner of this parcel.     Parcel 5: Legal: NE ¼ and SW ¼ in Section 11- 143-62 and NW ¼ Section 14-143-62 all in Courtenay Township Stutsman County, North Dakota Cropland Acres: 425.81 +/- Productivity Index: 73.2 Driving Directions: From Courtenay, ND, proceed east on 13th St. SE 3 miles, this will place you at the NE corner of NE ¼ of Section 11, this parcel also includes the SW ¼ of Section 11 and the NW ¼ of Section 14. The SW ¼ of Section 11 and NW ¼ of Section 14 are directly across the road from each other on 14th St. SE.       OWNERS: Jeff and Sherrie Barnes     Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 19, 2018. Written bids should be on a 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 Monday, January 22, 2018 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 and will be required to return a signed copy to Pifer’s on or before February 2, 2018. Bidders are bidding on a 2-year lease agreement. The agreement will begin upon execution of contract, and terminate on December 31, 2019. Annual Rent will be due on or before March 15th each year of contract Top bidder will provide a letter of good standing from his/her financial intuition 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: Barnes Land Lease, C/o: Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com