Auction Note

WRITTEN BID LEASE AUCTION 530 +/- Crop Acres - Harrison County, MO Written Bids Due By: Friday, January 27, 2023 – 5:00 p.m. (CT)   Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Ben Tilberg: Jerome Property 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 Email: ben@pifers.com (bid forms are available for download above)   Auction Note: Pifer’s Land Management is seeking sealed bids for the 2023-2024 crop seasons. This land is 3.6 miles NW of Hatfield, MO and 9.7 miles NE of Allendale. The land consists of 530 +/- acres of productive cropland. Bidders may bid on one or more parcels or all parcels combined. Owners have the right to accept or reject any and all bids. The successful bidder will have possession upon signing of the lease by owner and tenant.  Bids will be submitted on an annual dollar per acre basis.    Contact:  Ben Tilberg at 715.305.1989, (ben@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: Parcel 1a: At the intersection of Hwy. #46 and W 150th Ave. east of Hatfield, MO, go north on W 150th Ave. for 2 miles to W 110th St. Go east on W 110th St. for 0.5 miles and this will put you at the SW corner of the parcel. Parcel 1b: At the intersection of Hwy. #46 and W 150th Ave. east of Hatfield, MO, go north on W 150th Ave. for 2 miles to W 110th St. Go east on W 110th St. for 1.0 mile where the road turns into W County Rd. U and then curves north for 1 mile. Go east on J67 for 0.6 miles and the field entrance will be on the south side of the road. Parcel 2: At the intersection of Hwy. #46 and County Hwy. HH west of Hatfield, MO, go northwest on County Rd. HH for approximately 1.5 miles. This will put you at the NW corner of the parcel.     Parcel 1a: Legal: W1/2 SE1/4NE1/4 SW1/4  36-67-29, W1/2NE1/4E1/2 NW1/4  36-67-29 & W1/2 30-67-28  Crop Acres: 158.75 +/- The south half of this parcel was planted into soybeans and north into corn in 2022. The opposite the year prior.     Parcel 1b: Legal: W1/2  30-67-28  Crop Acres: 50 +/- This parcel was grazed as pasture in 2022. Pasture to be converted into cropland for 2023.     Parcel 2: Legal: W1/2 EXC SE1/4 NE1/4 NW1/4E1/2 SE1/4 NW1/4  3-66-29, All in 4-66-29, E1/2NE1/4 5-66-29, E1/2 SE1/4 & E 7AC SW1/4 SE1/4  5-66-29, N1/2 NE1/4 LESS HWY R/W  8-66-29  Crop Acres: 322.82 +/- This parcel was planted into soybeans and corn in 2022.  There are 14,000 bu. & 3,000 bu. Steel Grain Bins in 5-66-29. Bin rental is $0.03 per bushel per month to be paid on October 1st of each year. Tenant whom rents Parcel 2 will rent the bins for the duration of the contract.      LANDOWNER: Lotts Creek Farms, LLC & Jerome Family Farms, LLC   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on January 27, 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/fertilizer application, and tillage/planting practices. All bids must include cover crop plans each year. The 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 Land Management. Oral Bidding will be on February, 1, 2023, at 1:00 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: Ben Tilberg: Jerome Property 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 ben@pifers.com