Auction Note

**MORE INFORMATION COMING SOON!!** WRITTEN BID LEASE AUCTION 448.6 +/- Crop Acres - Wells County, ND Written Bids Due By:  Wednesday, February 22, 2023 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Judy Nohrenberg, Land Manager: Sharon Retzlaff, Landowner 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 judy@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 448.6 +/- crop acres with highly productive soils and strong cropping history in Cathay Township.  FSA crop bases are 192.88 acres of wheat with 46 PLS yield and 254.02 acres of soybeans with 25 PLC yield. All parcels have excellent access with good farm to market roads.  Written bids will be accepted until 5:00 p.m. on Wednesday, February 22, 2023. Highest written bids will have an opportunity to orally raise their bid on Friday, February 24, 2023 at 10:00 a.m. (CT).  Bidders may bid on one or more parcel(s) or all parcels combined. The successful bidder will have possession upon date of signing the lease.  Bids will be submitted on an annual dollar per acre basis.    Contact:  Judy Nohrenberg  at 701.269-1503 or judy@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: Coming soon!     Parcel 1 Legal: NE¼  26-147-69  Crop Acres: 148.09 +/- This property features 148.09 +/- crop acres with highly productive soils and strong cropping history of soybeans and wheat.  The highly productive soils of Heimdal-Emrick loams is part of the average Soil Productivity Index (SPI) of 73.5.   Parcel 2 Legal: W½  25-147-69 Crop Acres:  300.51 +/- This property features 300.51 +/- crop acres with highly productive soils and strong cropping history of soybeans, and wheat with a SPI of 66.    FSA Crop Base Acres PLC YIELD Soybeans 254.02 25 Wheat 192.88 46 Total 446.9         LANDOWNER:  Sharon Retzlaff   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Wednesday, February 22, 2023. 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 and or suggested tiling plan. These stewardship/farming plans are important to the landowner(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 Friday, February 24, 2023, at 10 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, 2024.   Annual rent will be due on or before March 1 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: Judy Nohrenberg (Land Manager): Sharon Retzlaff (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 Judy@pifers.com