Auction Note

WRITTEN BID AUCTION 514 +/- Crop Acres - Dunn County, ND Written Bids Due By:  Monday, February 19, 2024 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Bryan Wachter, Land Manager: Chad Ystaas, Landowner 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 wachter@pifers.com (bid forms are available for download above)   Auction Note: Pifer's Land Management is seeking tenant(s) to lease this farmland for the 2024-2025 crop years. This property is comprised of 3 fields, all within ¼ mile of each other, totaling 514 +/- crop acres. We will be leasing the entire property as 1 parcel. The property features productive soils and strong cropping history of wheat, barley, corn, and various other crops located in South Dunn Township.  Highest written bids will have an opportunity to orally raise their bid on Wednesday, February 21, 2024 at 10:00 a.m. (CT) by phone. The successful bidder will have possession upon date of signing the lease.  Bids will be submitted on an annual dollar per acre basis. If you are looking to expand your operation, this is the property for you as all fields have excellent farm to market roads, with the nearest elevator approximately 15 miles away.   Contact:  Bryan Wachter at 701.595.2244 or wachter@pifers.com.   Driving Directions: At the intersection of Hwy. #22 and 29th St. SW north of Dickinson, ND, go west on 29th St. SW for 5 miles. One mile past New Hradec, ND, take the township road north for 0.5 miles to 28th St. SW. Go west on 28th St. SW for 0.5 miles and this will put you at the west side of the property. The east side is accessible further north on the township road, or from 27th St. SW.     Property Information Legal: E½ Less 70 Acres 24-141-97, W½ Less Pasture Acres 24-141-97, NW¼NW¼ 25-141-97 & NE¼NE¼ 26-141-97 Crop Acres: 514 +/-       LANDOWNER:  Chad Ystaas   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Monday, February 19, 2024. 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 Wednesday, February 21, 2024, at 10:00 a.m. (CT). 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, 2025.   Annual rent will be due on or before March 15 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: Bryan Wachter (Land Manager): Chad Ystaas (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 wachter@pifers.com