Auction Note

WRITTEN BID LEASE AUCTION 180 +/- Crop Land Acres – McHenry County, ND Written Bids Due:   Friday, September 8, 2017 – 5:00 p.m. (CT)   Mail, Email or Fax Bids to: Pifer’s Corporate Office ATTN: Chris and Lillian Volk Trust Land Lease, c/o Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com (bid forms are available to download above)   Auction Note: Land will be presented as one parcel. Written bids will be accepted until 5:00 p.m. Friday, September 8, 2017. This property features 180 +/- acres but bidding for this parcel will be based on an established 120 crop base acres. Upon completion of final acreage reporting at the USDA FSA office, there will be additional rent due on additional planted acres. rental This land is located within NE ¼ of section 3 in Denbigh Township, McHenry County, North Dakota. The highest bidder will have immediate possession and will be able to prepare this parcel for the 2018 crop season. Bidding will be on a dollar amount per acre to establish annual rent.   Contact: Dwight Hofland at 701.630.4359 or dhofland@pifers.com, or Pifer’s Auction & Realty at 218.477.1968 for more information or a bid form (bid forms can also be downloaded above).   Driving Directions: From Towner ND, drive northwest on Highway # 14 to 65th Street NE. Go west on 65th Street NE approximately 5 miles to 2nd Ave NW, turn north and drive ½ mile north. This will place you at the southeast corner of the parcel.     Property Information: Acres: 180 +/-   Cropland: 120 +/-  Land to be put into production for 2018 spring planting. Legal: NE ¼  3-156-77 in Denbigh Township, McHenry County, ND Productivity Index: 49.7       Owners: Chris and Lillian Volk Trust       Bidding Procedure:   1 - All written bids must be received before 5:00 p.m. on Friday, September 8, 2017. 2 - Written bid should be on an annual per acre basis. 3 - 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 held the on September 11, 2017, time TBD 4-Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before September 18, 2017 along with a non-revocable Letter Of Credit from their lending institution. Liability insurance is required. 5 – The bidder is bidding on a 2-year rental contract. The contract will begin on September 18, 2017 and terminate on December 31, 2019. 6 – The owner reserves the right to reject or accept any and all bids. 7 - All statements made the day of the oral bidding take precedence over all printed materials.