Auction Note

WRITTEN BID LEASE AUCTION 3,273.6 +/- Cropland Acres, Bin Site and Dryer & Farmstead - Benson and Ramsey Counties, ND   Written Bids Due By: Friday, October 11, 2019 – 5:00 p.m. (CT)   Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Ryan Martinson: Studness Properties, LLP 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rmartinson@pifers.com (bid forms are available for download above)   Auction Note: This farm has been in the Studness family for generations and is being offered for lease for the 2020-2021 crop seasons. This farm has excellent soils, drainage, a high cropping yield and an established minimal tillage farming practice history. This farm, in north central North Dakota, consistently has strong and established yields. Included in this offering is an updated 19.6 acre farmstead and residence next to Hwy. #281, a 10 acre modern bin site with storage capacity of 355,000 bushels, a dryer and a 54’ x 120’ machine shed. The highest written bids will have an opportunity to orally raise their bid on Monday, October 14, 2019 at 9:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. The successful bidder will have possession starting on or before January 1, 2020.  Bids will be submitted on an annual dollar per acre basis.       Contact:  Ryan Martinson at 701.640.4735 or rmartinson@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 1a: Legal: NW1/4, Lots 6-10 in 11-155-67; NW1/4NW1/4 14-155-67;  E1/2 10-155-67 & SE1/4 3-155-67, Normania Township, Benson County, ND. Crop Acres:   529 +/- Parcel Note:  This parcel has an excellent Soil Productivity Index (SPI) and a strong cropping history of wheat, soybeans.       Parcel 1b: Legal: S1/2NE1/4, SE1/4 less W 375’, SE1/4NW1/4 & part of SE1/4SW1/4 6-155-66, Coulee Township, Ramsey County, ND. Crop Acres:   50 +/- Parcel Note:  This parcel has an excellent SPI perfectly suited for wheat and soybeans.       Parcel 2: Legal: NW1/4 27-155-67, Normania Township, Benson County, ND. Crop Acres:   133 +/- Parcel Note:  This parcel has an excellent SPI number with a strong cropping history of wheat and soybeans.       Parcel 3: Legal: W1/2 16-155-67 & W1/2  21-155-67, Normania Township, Benson County, ND. Cropland Acres:     589 +/- Parcel Note:  This parcel has excellent organic matter and a strong SPI.       Parcel 4: Legal: E1/2 12-155-68, Lake Ibsen Township, Benson County, ND. Cropland Acres: 263 +/- Parcel Note:  Prime cropland with great access, and a strong cropping history of wheat, soybeans, barley and canola.       Parcel 5a: Legal: S1/2  5-155-67, Normania Township, Benson County, ND. Cropland Acres:  282 +/- Parcel Note:  This is an excellent parcel with great access off US Hwy. #281.       Parcel 5b: Legal: SE1/4  5-155-67, Normania Township, Benson County, ND. Farmstead Acres:    19.6 +/- Parcel Note:  This parcel is being offered with a modern ranch style home and Quonset, directly adjacent to US Hwy. #281.       Parcel 6: Legal:  7-155-67, Normania Township, Benson County, ND. Cropland Acres: 508 +/- Parcel Note:  This diversified parcel has a strong cropping history of wheat, soybeans, barley and canola. Additionally, the topography offers great drainage.     Parcel 7: Legal: NW1/4 17-155-67 & NE1/4, N1/2SE1/4 18-155-67, Normania Township, Benson County, ND. Cropland Acres: 324 +/- Parcel Note:  This diversified parcel has a strong cropping history of wheat and soybeans. Excellent access to both units off main gravel roads.       Parcel 8a: Legal: 8-155-67 less 10-acre bin site, Normania Township, Benson County, ND. Cropland Acres:  566 +/- Parcel Note:  This diversified parcel features a 7-tower pivot and holding pond for irrigation. Excellent access off US Hwy. #281 and a strong cropping history of wheat and soybeans. Access road to the bin site will be granted to Parcel 8b.       Parcel 8b: Legal: 10 acres within 8-155-67, Normania Township, Benson County, ND. Bin Site Acres:  10 +/- Parcel Note:  This unique and well-designed piece consists of a 54' x 120' storage building with office, grain storage of 355,000 bushels with fans, and a propane grain dryer in 17 different grain bins. This will make an excellent staging and operation base for a new operator. Access road to the bin site will be granted by Parcel 8a operator.         OWNER: Studness Properties, LLP       Bidding Procedure:   All written bids must be received before 5:00 p.m. (CT) on October 11, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a two-year farming plan, including but not limited to, crop rotation, normal chemical application, field drainage plans and or suggested tiling plan. These stewardship/farming plans are important to the land owner (s) 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 Monday, October 14, 2019 at 9:00 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, 2021.   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 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: Ryan Martinson: Studness Trust Agreement 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rmartinson@pifers.com