Auction Note

WRITTEN BID LEASE AUCTION 297 +/- Crop Acres - Deuel County, SD  Written Bids Due By: Friday, January 7, 2022 – 5:00 p.m. (CT)    Fax or Email Bids to:  Pifer’s Auction and Realty Attn:  Tim Peters-Askegaard Hope Partnership LLLP 1506 29th Ave. S Moorhead, MN 56560  FAX: 218.477.1969   tpeters@pifers.com  (bid forms are available for download above)    Auction Note:  Pifer’s Land Management is seeking bids for the 2022-2023 crop seasons. This is a wonderful opportunity to increase your farm operation with 297 +/- acres of cropland.  Furthermore, the owners will assign the annual Conservation Reserve Program (CRP) payment in the amount of $1,089 to the successful tenant.  This well drained farmland is predominantly Arvilla Sandy loams and Arvilla-Sioux complex.  Highest written bids will have an opportunity to orally raise their bid on Wednesday, January 12, 2022 at 10:00 a.m. (CT) by phone.    Contact:  Tim Peters at 605.270.9410 or tpeters@pifers.com or Pifer’s Auction and Realty at 218.477.1968 for more information or a bid form.   Driving Directions:  From Clear Lake, SD, go 9 miles east on Hwy. #22. Then go 1 mile north on 484th Ave. to 181st St. Go 1 mile on 181st St. and this will put you at the SW corner of subject property. From Gary, SD, go 2 miles south on Hwy. #101 and 2 miles west on 181st St. to SW corner of subject property.       Property Information:  Legal:  W½ & NE¼ 17-115-47 (Herrick Township) Crop Acres:  297 +/- CRP Acres:  13.1 +/- (Payment of $1,089 and maintenance assigned to tenant)            OWNER:  Askegaard Hope LLLP   Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. (CT) on Friday, January 7, 2022. 2 - Written bids will be submitted on an annual per acre basis. 3 - All written bids must be accompanied with a 2-year farming plan, including but not limited to crop rotation and normal chemical and fertilizer application. These stewardship/farming plans are important to the land owner and will play an important role in the final decision when awarding the contracts 4 - The top written bids will be invited to the Oral Bidding which will take place on Wednesday, January 12, 2022 10:00 a.m. (CT) by phone. 5 - The winning bidder will (upon Landowner acceptance) receive a lease agreement provided by Pifer’s Land Management. 6- The lease will include a tax pass thru meaning rent will be adjusted as taxes are adjusted.  7-CRP payment of $1,089 and maintenance will be assigned to the successful tenant. 8 - Bidders are bidding on a 2-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2023. Owner reserves the right to shorten rental contract to one year. 9 - Annual rent will be due in full on or before March 1st each year of the lease agreement. 10 - The awarded bidder must provide a letter of good standing from their financial institution. 11 - The Landowner reserves the right to accept or reject any and all bids. 12 - 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:  Tim Peters: Askegaard Hope Partnership LLLP(Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 tpeters@pifers.com