Auction Note

WRITTEN BID AUCTION 290.16 +/- Acres - Dunn County, ND Written Bids Due By:  Friday, November 18, 2022 – 5:00 p.m. (CT) Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Dwight Hofland (Land Manager), Korey & Erin Kadrmas and Stacey Kadrmas (Landowners)  1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 dhofland@pifers.com (bid forms are available for download above)   Auction Note: Seeking tenant(s) to lease farmland for the 2023-2024 crop year. This property features 290.16 +/- cropland acres with highly productive soils and strong cropping history located in South Dunn Township. Total crop base acres of 215.63 of wheat, 29.65 of sunflowers, and 12.10 base acres of corn. All parcels have excellent access with good farm to market roads.  Written bids will be accepted until 5:00 p.m. on Friday, November 18, 2022. The successful bidder will have possession starting on or before January 1, 2023.  Bids will be submitted on an annual dollar per acre basis.    Contact: 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: Take Exit #61 off I-94 in Dickinson, ND. Go north on Hwy. #22 for 6.5 miles to 29th St. SW. Go west on 29th St. SW for 4 miles and drive through New Hradec, ND. At the fork in the road just outside of New Hradec, go north on the 114th Ave. SW for 1.5 miles. This will put you at the SE corner of Parcel 1. Parcel 2 is another 1/2 mile north on 114th Ave. SW.     Parcel 1 (Korey and Erin Kadrmas) Legal: SE¼ 13-141-97 Crop Acres: 153.56 +/- This property features 153.56 +/- crop acres with 136.52 DCP base acres. This parcel has highly productive soils with 74.7% of this parcel with a Soil Productivity Index (SPI) of 63, and a strong cropping history of wheat and sunflowers. Good access off 27th St. SW and 114th Ave. SW.        Parcel 2 (Stacey Kadrmas) Legal: NW¼ 18-141-96  Crop Acres: 135.95 +/- This property features 135.95 +/- crop acres with 120.86 DCP base acres comprising of 101.26 wheat, 13.92 of sunflowers and 5.68 of corn. Highly productive soils with 47.8% of this parcel consisting SPI of 63 .  Excellent access off 114th Ave. SW.          LANDOWNER(S): Korey & Erin Kadrmas and Stacey Kadrmas   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on November 18, 2022. 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 22, 2022 at 2 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 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, 2024.   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 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: Dwight Hofland (Land Manager): Korey and Erin Kadrmas and Stacey Kadrmas (Landowner) (S) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218-477-1969 dhofland@pifers.com