Auction Note

WRITTEN BID LEASE AUCTION 1,666.53 +/- Cropland Acres – Clay County, MN 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: Hogetvedt Family Rev Trust Land Lease, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above)   Auction Note:  Land will be presented in 7 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 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined.This property features 1,666.53 acres of cropland with Soil Productivity Indexes between 86.8 to 91.4!   Contact:  Paul Butenhoff at 701.371.1426 (paulb@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: SE1/4 Section 9-141-44 in Goose Prairie, Clay County, MN Cropland Acres: 147.53 +/- Productivity Index: 90.1 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 3½  miles to the intersection of Hwy 32 and 130 Ave N.  This will place you at the SE corner of the property.     Parcel 2: Legal: NE1/4 & 17.04 acres in E1/2NW1/4 Section 10-141-44 in Goose Prairie Township, Clay County, MN Cropland Acres: 157.72 +/- Productivity Index: 87.9 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 4½  miles, turn east onto Co Rd 112 drive ½ mile.  This would place you at the NW corner of the parcel.     Parcel 3: Legal: NW1/4 Section 2-141-44 & W1/2SE1/4 Section 3-141-44 in Goose Prairie Township, Clay County, MN Cropland Acres: 221.57 +/- Productivity Index: 87.7 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 4½  miles, turn east onto Co Rd 112 drive 1 mile.  At the intersection of Co RD 112 and 270th turn north drive ½ mile.  This will place you at the SW corner of the property.  Also included in this parcel is 80 acres located ½ mile south and ¼ mile east.  This would place you at the SE corner of the balance of this parcel.     Parcel 4: Legal: NE1/4 & SE1/4NW1/4 Less 17.63 Acres Section 34-142-44 & W1/2NW1/4 Section 35-142-44 in Ulen Township, Clay County, MN Cropland Acres: 309.58 +/- Productivity Index: 84.1 Driving Directions: From Ulen & Hwy 32, drive east on Hwy 34 for approximately 1 a mile to the intersection of Hwy 34 and 270th St N.  This will place you at the NE corner of the parcel located in section 34 and the NW of the parcel located in section 35.        Parcel 5: Legal: SE1/4NE1/4 & SE1/4 less farmstead Section 27-142-44 and SW1/4NW1/4 Section 26-142-44 in Ulen Township, Clay County, MN Cropland Acres: 193.96 +/- Productivity Index: 91.4 Driving Directions: From Ulen & Hwy 32, drive east on Hwy 34 for approximately 1 a mile to the intersection of Hwy 34 and 270th St N.  This will place you at the SE corner of the property.  Also included in this parcel is 40 acres located ½ mile north.  This would place you at the SW corner of the balance of this parcel.     Parcel 6: Legal: E1/2 Section 11-142-44 in Ulen Township, Clay County, MN Cropland Acres: 314.83 +/- Productivity Index: 89.6 Driving Directions: From Ulen, drive north on Hwy 32 approximately 2½ miles to the intersection of Hwy 32 and Co Rd 42.  Then go east 1½ miles.  This will place you at the SE corner of the property.       Parcel 7: Legal: W1/2 Section 12-142-44 in Ulen Township, Clay County, MN Cropland Acres: 321.34 +/- Productivity Index: 89.3 Driving Directions: From Ulen, drive north on Hwy 32 approximately 2½ miles to the intersection of Hwy 32 and Co Rd 42.  Then proceed east 2 miles.  This will place you at the SW corner of the property.     OWNER: Hogetvedt Family Rev Trust     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 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 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 on January 1, 2018 and terminate on December 31, 2019. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition 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: Hogetvedt Family Rev Trust, Land Lease, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com