Auction Note

**MORE INFORMATION COMING SOON!!** WRITTEN BID AUCTION 650.69 (total acres) +/- – Wells County, ND Written Bids Due By:  Friday, October 28, 2022 – 5:00 p.m. (CT)   Mail, Fax, or Email Bids to: Pifer’s Auction and Realty Attn: Dwight Hofland (Land Manager), Frances Johnson (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 dhofland@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 650.69 +/- cropland acres with highly productive soils and strong cropping history located in Johnson Township, Wells County, ND. Crop base acres of 184.11 of corn and 452.29 base acres of soybeans. All parcels have excellent access with good farm to market roads.  Written bids will be accepted until 5:00 p.m. on Friday, October 28, 2022.   The successful bidder will have possession starting on or before January 1, 2023.  Bids will be submitted on an annual dollar per acre basis.    Contact: Dwight Hofland at 701.630.4359, (dhofland@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: (Marketing will complete this for us as they create the map graphics.)   Parcel 1: Legal: SW ¼, S ½ NW ¼ & NW ¼ NW ¼ Section 2-145-69 Johnson Township, Wells County, ND. Cropland Acres:      267.19 +/- This property features 267.19 +/- cropland acres with highly productive soils comprising of Barnes-Svea loam soils and strong cropping history of corn, soybeans and edible beans.     Parcel 2: Legal: SE ¼ Section 3-145-69Johnson Township, Wells County, ND. Cropland Acres: 112.34 +/- This property features 112.34 +/- cropland acres with highly productive soils consisting of Barnes loam soils and strong cropping history of corn and soybeans.  This parcel also has grass areas that can be hayed.    Parcel 3: Legal: NE ¼ & NE ¼ SE ¼ Section 10-145-69 Johnson Township, Wells County, ND. Cropland Acres: 161.49 +/- This property features 161.49 +/- cropland acres, with highly productive soils and strong cropping history of corn, soybeans, and edible beans. This parcel surrounds the landowner’s farmstead. Special attention when spraying crops next to farmstead to prevent chemical drift towards tree groves and buildings will be critical.    Parcel 4: Legal: NE ¼ Section 15-145-69 Johnson Township, Wells County, ND. Cropland Acres: 109.67 +/- This property features 109.67+/- cropland acres, with highly productive soils consisting of William-Bowbells loams and strong cropping history of corn and soybeans. This parcel was Prevent Planted in 2022.   LANDOWNER: Frances Johnson   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on October 28, 2022 Written bids will be submitted on an annual per acre basis. All written must be accompanied with a 2-year farming plan, including but not limited to, crop rotation, normal chemical application, field drainage plans with erosion control solutions.These stewardship/farming plans are important to the landowner(s) and Pifer's Land Management 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 Monday October 31, 2022, at 10AM (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: Dwight Hofland (Land Manager): Frances Johnson (Landowner) 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 dhofland@pifers.com