Auction Note

WRITTEN BID LEASE AUCTION 588 +/- Crop Acres - Slope County, ND Written Bids Due By: Monday, March 25, 2024 – 5:00 p.m. (CT) Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Bryan Wachter (Land Manager): Lorrie Buzalsky (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 wachter@pifers.com (bid forms are available for download above)   Auction Note: Seeking tenant(s) to lease farmland for the 2024-2028 crop years. This property features 588 +/- crop acres that has been used recently for hay and is ready to be put back into cropland production. The property features productive soils and has a cropping history of wheat, barley, and various other crops. Auction will be written bids only, for a 5-year contract starting the 2024 crop season. Land can be hayed or put into production in 2024, but must be put back into crop production for the 2025 growing season and beyond. Bids must be placed per/acre, per year.  The highest average written bid for the 5-year duration will be awarded a contract upon landowners’ approval. The successful bidder will have possession at the signing of the contract.  Bids will be submitted on an annual dollar per acre basis.    Contact: Bryan Wachter at 701.595.2244 or wachter@pifers.com.   Driving Directions: From Amidon, ND, go east on Hwy. #85 for 2 miles to 140th Ave. SW. Go south on 140th Ave. SW for 3 miles to 67th St. SW. This will put you at the NE corner of Section 7. From Section 7, go south on 140th Ave. SW for 3 miles to 70th St. SW. This will put you at the NW corner of Section 29.     Property Information Legal: E½ 7-134-100 & Cropland in 29-134-100 (Connor Township) Crop Acres: 588 +/-   SECTION 7         SECTION 29   LANDOWNER: Lorrie Buzalsky   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Monday, March 25, 2024. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a letter of good standing from your financial institution. All written bids must be accompanied with a 5-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 winning bidder will (upon Landowner acceptance) receive a lease agreement provided by Pifer’s Land Management. Bidders are bidding on a 5-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2028.   Annual rent will be due on or before April 15 each year of the lease agreement. 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. Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Bryan Wachter (Land Manager): Lorrie Buzalsky (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 wachter@pifers.com