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WRITTEN BID LEASE: 1,072.58 +/- Acres - Wells County, ND

WRITTEN BID LEASE: 1,072.58 +/- Acres - Wells County, ND 
Property Details (ID# 4498)
Date/Time
Fri Nov 05 5:00 PM CDT
Property Location
Fessenden, ND
County
Wells
Size
3 Parcels
Contact
Dwight Hofland, 701.630.4359

 

WRITTEN BID LEASE AUCTION

1,072.58 +/- Acres - Wells County, ND

Written Bids Due: 

Friday, November 5, 2021 – 5:00 p.m (CT)

 

Mail, Fax, or Email Bids to:

Pifer’s Auction and Realty

Attn: Dwight Hofland: Terry Thormodsgaard Trust Land Lease Auction

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 cropland, pastureland, and grassland for crop years 2022-2023.  Highest written bids will have an opportunity to orally raise their bid on Tuesday, November 9, 2021 TBD (CT) by phone.  Bidders may bid on one or more parcel(s) or all parcels combined.

The successful bidder will have possession starting on or before January 1, 2022.  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:

Parcels 1 & 2: From Fessenden, ND, drive west on 16th St. NE / Old US 52 for 8.2 miles. This will bring you to the south west corner of parcels 1 & 2. 

Parcel 3: From Fessenden, ND, drive west on 16th St. NE / Old US 52 for 3.2 miles. Turn south on 40th Ave. NE and continue for 2 miles to the north east corner of parcel 3.

 

 

Parcel 1:

Cropland Acres:  544.68 +/-

Grass/Hayland Acres:  85.4 +/-

Legal:  W ½ SE ¼ Section 6-148-71 St. Anna Township, SE ¼ Section 1-148-72, E ½ less pasture Section 11-148-72 and N ½ Section 12-148-72 less farmstead in Rusland Township, Wells County, ND.

This property features 544.68 +/- cropland acres with highly productive soils and strong cropping history. This parcel also includes 85.40 +/- acres of grass that could be put into production. Great access to all parcels on surfaced roads.  

 

Parcel 2:

Pastureland Acres: 137.18 +/-

Legal: Part of the E ½ Section 11-148-72

This property features 137.18 +/- acres of pastureland. Excellent fences and water. Great access to this parcel.

 

Parcel 3:

Cropland Acres: 305.32 +/-

Legal: N ½ Section 27-148-71 in St. Anna Township, Wells County, ND.

This property features 305.32+/- cropland acres and a Soil Productivity Index of 60 comprising of Heimdal and Embden soils. Excellent access adjacent to farm-to-market road.   

 

LANDOWNER: Terry Thormodsgaard Trust

 

Bidding Procedure:

  1. All written bids must be received before 5:00 p.m. (CT) on Friday, November 5, 2021.
  2. Written bids will be submitted on an annual per acre basis.
  3. All written bids must be accompanied with a 2-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.
  4. 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 Tuesday, November 9, 2021, time TBD (CT).
  5. 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.
  6. The winning bidder will (upon Landowner acceptance) receive a lease agreement provided by Pifer’s Land Management.
  7. Bidders are bidding on a 2-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2023.  
  8. Annual rent will be due on or before March 15th each year of the lease agreement.
  9. The awarded bidder must provide a letter of good standing from their financial institution.
  10. Farm Liability insurance policy that meets lease agreement standards is required.
  11. 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: Dwight Hofland: Terry Thormodsgaard Trust

1506 29th Ave. S

Moorhead, MN 56560

FAX: 218.477.1969

dhofland@pifers.com

Parcel 1
Cropland Acres: 544.68 +/-
Hayland Acres: 85.40 +/-
Parcel 2
Pastureland Acres: 137.18 +/-
Parcel 3
Cropland Acres: 305.32 +/-