Auction Note

WRITTEN LEASE BID AUCTION 1,591.26 +/- Acres - Morton County, ND Written Bids Due By:  Friday, February 18, 2022 – 5:00 p.m. (CT) Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Dwight Hofland or Ryan Hofland Diamond K Holdings, LLC, Landowner 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com  rhofland@pifers.com (bid forms are available for download above) Click Here for a Video of the Property!    Auction Note:  This unit consist of 1,591.26 +/- contiguous crop and pastureland.  This is a once in lifetime opportunity to lease an all-contiguous, high-quality crop, hayland and native pastureland with good perimeter and cross fences with excellent water. This diversified farm offers 575.47 +/- acres of cropland, and 1,004.79 +/-  acres of pastureland with excellent grass.  Rural water provides plenty of fresh water to tanks that are strategically placed in the pastures. Spring fed dugouts and a natural creek provide additional sources of water.   The highest written bids will have an opportunity to orally raise their bid on Monday, February 21, 2022, at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcel(s) or all parcels combined. The successful bidder will have possession starting on or before March 1, 2022.  Bids will be submitted on a per acre basis.   Contact:  Ryan Hofland at 701.373.5797, rhofland@pifers.com, Dwight Hofland at 701.630.4359, dhofland@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:  Parcel 1: From Mandan, ND, go south on Hwy. #6 for 9 miles to County Rd. #137. Go west on County Rd. #137 until it curves south, then it will curve west again. Parcel 1 will be on the south side of County Rd. #137. Parcel 2: From Mandan, ND, go south on Hwy. #6 for 15 miles to 53rd St. Go west on 53rd St. for 1.5 miles. Then go north on 23rd Ave. and this will put you at Parcel 2. Parcel 3: From Mandan, ND, go south on Hwy. #6 for 16 miles to 54th St. Go west on 54th St. for 2 miles. Parcel 3 is on the north side of 54th St.     Parcel 1: Acres: 628.45 +/- Legal: 19-137-81 Pasture Acres:  628.54 +/- This unique parcel consists of excellent native and tame pasture grasses along with rural water and cross fencing for cell grazing opportunities with excellent access. All crop acres in this unit have been converted to pasture. An excellent cattle unit.     Parcel 2: Acres: 641.41 +/- Legal:  30-137-81 Crop/Hay Acres: 388.09 +/- Pasture Acres:  253.32 +/- This unique parcel consists of excellent native pasture, good rural water, stock dams along with cross fences for cell grazing adjacent to section 30. This parcel has 388.09 +/- acres of cropland with strong Soil Productivity Index (SPI) of 70.5 and excellent access to all parcels.     Parcel 3: Acres: 310.31 +/- Legal: E½  31-137-81 Crop Acres: 187.38 +/- Pasture Acres:  122.93 +/- This parcel provides excellent cropland with a SPI of 71.5. Pastureland has good perimeter fences with the Little Heart River providing excellent seasonal water. This parcel also includes an abandoned railroad right-of-way not included in total acres.     OWNER: Diamond K Holdings, LLC   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, February 18, 2022. Written bids will be submitted on an annual per acre basis for the crop and pastureland. All bidders will need to submit a farm plan with their written bids. Stewardship practices and grazing plans are important to the landowners. 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, February 21, 2022, at 10:00 am (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 2-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2023. 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 awarded bidder must provide a Farm Liability Insurance Policy that meets lease agreement standards. 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 and or Dwight Hofland, Land Managers: Diamond K Holdings, LLC:  Landowner 1506 29th Ave. S Moorhead, MN 56560 FAX:  218.477.1969 rhofland@pifers.com       dhofland@pifers.com