Auction Note

WRITTEN BID LEASE AUCTION 585.43 +/- Acres - Hettinger County, ND Written Bids Due: Friday October 8, 2021 – 5:00 p.m. (CT)   Fax or Email Bids to: Ryan Hofland Pifer’s Auction and Realty Attn: Ryan Hofland: GL Jacobs Children Trust Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com (bid forms are available for download above)   Auction Note: Pifer’s Land Management is seeking bids for the 2022-2023 crop and hay seasons. This farm has excellent grass and access to all parcels.  Highest written bids will have an opportunity to orally raise their bid on Monday October 11, 2021 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. 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: Ryan Hofland at 701.373.5797, (rhofland@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: From Regent, ND take Hwy. #20 west for 6 miles, turn south on 108th Ave. SW for 3 miles. Keep left at the fork for east parcel. Balance of acres along 72nd St. SW & 109th Ave. SW     Parcel 1: Crop Acres: 543.37 +/- Legal: 51.14 +/- Acres S1/2SW1/4 35-134-96 (Tepee Butte Township)             246.38 +/- Acres NW1/4 & S1/2 2-133-96 (Wagendorf Township)             87.84 +/- Acres N1/2 1-133-96 (Wagendorf Township)             162.3+/- Acres NW1/4 6-133-95 (Alden Township) This property features 543.37 +/- cropland acres with excellent access and potential for grain bin storage. The grain bins are located in the northwest corner of section 1-133-96.  Great access off of 72nd Street SW.       Parcel 2:  Hay Acres: 39.4 +/- Legal: 42.06 +/- Acres NW1/4SE1/4 & NE1/SW1/4 2-133-96 (Wagendorf Township) This property features excellent Alfalfa with a great productivity index of 50.  Great access along 109th Ave. SW.       OWNER: GL Jacobs Children Trust   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, October 8, 2021. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a 3-year farming plan, including but not limited to, crop rotation, normal chemical and fertilizer application. 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 Monday, October 11, 2021, at 10:00 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, 2023.   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 Hofland: GL Jacobs Children Trust (Land Owner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com