Auction Note

WRITTEN BID LEASE AUCTION 891.04 +/- Crop Acres - Red Lake County, MN Written Bids Due By: Friday, August 12, 2022 – 5:00 p.m. (CT)   Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Morgan Almer: Shirley Strand 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 Morgan@pifers.com (bid forms are available for download above)   Auction Note: Pifer’s Land Management is seeking sealed bids for the 2023 and 2024 crop seasons. This property in Poplar River Township features 891.04 +/- crop acres with Soil Productivity Indexes (SPI) in the high 70s. Offered in 3 parcels, all parcels have great access on County Rd. #16 and #119. Highest written bids will have an opportunity to orally raise their bid on Friday, August 19, 2022 at 10:00 a.m. (CT) by phone. Bids will be submitted on an annual dollar per acre basis.    Contact:  Morgan Almer at 701.212.5115 or morgan@pifers.com or Pifer’s Auction & Realty at 218.477.1968 for more information or a bid form.   Driving Directions: Parcel 1: From Brooks, MN, go south on Hwy. #59 for one mile to County Rd. #16. Go west on County Rd. #16 for one mile. This will put you at the SE corner of the parcel. Parcels 2 & 3: From Brooks, MN, go south on Hwy. #59 for 2 miles to Township Rd. #97. Go west for 0.5 miles on Township Rd. #97 and this will put you at the SE corner of Parcel 2. On the south end of Township Rd. #97, this will put you at the NE corner of Parcel 3.       Parcel 1: Legal :  SW¼ 22-150-42  Crop Acres: 158.28 +/- This parcel features 158.28 +/- crop acres with an SPI of 79.9 and great access on County Rd. #16.     Parcel 2: Legal:  E½ & NW¼ 27-150-42  Crop Acres: 466.33 +/- This parcel features 466.33 +/- crop acres with an SPI of 79.3 and great access on County Rd. #16.     Parcel 3: Legal:  N½ Ex NE Corner Farmstead & Wooded Acres in NW Corner 34-150-42  Crop Acres: 266.43 +/- This parcel features 266.43 +/- crop acres with an SPI of 76.4 and great access on Township Rd. #97.       LANDOWNER: Shirley Strand   Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on August 12, 2022. 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 Auction & Realty. Oral Bidding will be Friday, August 19, 2022 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 on January 1, 2023 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 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: Morgan Almer: Strand Property 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 morgan@pifers.com