Auction Note

WRITTEN BID AUCTION 1,660.54 +/- Crop/Pasture Acres - Emmons County, ND Written Bids Due By:   Friday, November 1, 2024 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Tyler Berby (Land Manager), Magrum Family (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 tberby@pifers.com (bid forms are available for download above)     Auction Note: Seeking tenant(s) to lease farmland for the 2025-2026 crop year. This property features 1,660.84 +/- crop, pasture, and hayland acres with highly productive soils and strong cropping history of corn and soybeans located in Tell Township, Emmons County, ND. Written bids will be accepted until 5:00 p.m. on Friday, November 1, 2024. The successful bidder will have possession starting on or before February 1, 2025.  Bids will be submitted on an annual dollar per acre basis.   Contact: Tyler Berby at 218.850.0807 or tberby@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 Crop Acres: 317.28 +/- Legal: N½ 9-135-74 This property features 317.28 +/- crop acres with the soil types mainly consisting of Bowdle-Lehr loams with 0-2 percent slopes. The average Soil Productivity Index (SPI) for this parcel is 51.5. The cropland has a history of corn, soybeans, and small grain.   Parcel 2 Crop Acres: 159.21 +/- Legal: SE¼ 9-135-74 This property features 159.21 +/- crop acres with the soil types mainly consisting of Bowdle-Lehr loams with 0-2 percent slopes and Bowdle Loam. The average SPI for this parcel is 51.9. The cropland has a history of corn, soybeans, and small grain.   Parcel 3 Crop Acres: 85 +/- Hay Acres: 211.52 +/- Legal: SW¼, Lots 1 & 2, & S½NE¼ in 4-135-74 This property features 85 +/- crop acres and 211.52 +/- hay acres. This properties soil consists of Hamerly loam and Bowdle-Lehr with an average SPI of 52.2. The cropland has a history of corn, soybeans, and small grain. Owners are open to the idea of tenant converting hay land to crop ground with owners approval.     Parcel 4 Crop Acres: 78.29 +/- Legal: E½SW¼ 8-135-74 This property features 78.29 +/- crop acres with the soil types consisting of Grail silty clay loam, Bowdle-Lehr, and Daglum Rhoades silt. The SPI on this property boasts an impressive 79.2. The cropland has a history of corn, soybeans, and small grain.     Parcel 5 Crop Acres: 257.94 +/- Pasture/Hay Acres: 20.35 +/- Legal: Part of NW¼NW¼, SW¼NW¼, E½NW¼, & W½NE¼ 17-135-74, Parts of NE¼NE¼, SW¼NE¼, SE¼NE¼, NW¼SE¼, NE¼SE¼, SW¼SE¼ & SE¼SE¼ 18-135-74 This property features 257.94 +/- crop acres and 20.35 +/- hay/pasture acres. The Cropland acres soil types mainly consist of Bowdle-Lehr and Daglum-Rhoades silt with an average SPI of 50. The cropland has a history of corn, soybeans, and small grain.   Parcel 6 Pasture Acres: 530.95 +/- Legal: NE¼, N½SE¼ 7-135-74, Part of NW¼SW1¼, Part of SW¼SW¼ 8-135-74 & Part of NE¼ & SE¼ 18-135-74 This property consists of approximately 290.46 +/- pasture acres, featuring a mix of quality warm and cool-season grasses, along with excellent water supply. Several water sources throughout the pasture are fed by Long Lake Creek.     LANDOWNER: Magrum Family   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on November 1, 2024 Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a 2-year farming plan, including but not limited to, crop rotation, normal chemical application, field drainage plans with erosion control solutions.  These stewardship/farming plans are important to the landowner(s) and Pifer’s Land Management 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 on Tuesday November 5, 2024, 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 2-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2026.   Annual rent will be due on or before March 15 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 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: Tyler Berby (Land Manager Vincent J Magrum Trust and Eleanor Magrum (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 tberby@pifers.com