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WRITTEN BID LEASE - 1,555.72 +/- Acres - Foster, Griggs, Stutsman Counties, ND

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WRITTEN BID LEASE - 1,555.72 +/- Acres - Foster, Griggs, Stutsman Counties, ND

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 1,555.72 +/- Exceptional Contiguous Cropland Foster, Griggs and Stutsman Counties, North Dakota Friday, January 19, 2018 – 5:00 p.m. (CT) Written Bids Due: Friday, January 19, 2018 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Barnes Land Lease, C/o: Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com (bid forms are available for download above) Auction Note: Land will be presented in 5 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 19, 2018. Bidding will be based on Cropland Acres. Highest written bids will have an opportunity to orally raise their bid on Monday, January 22, 2018 at 1:00 p.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. Contact: Dwight Hofland at 701.630.4359 dhofland@pifers.com or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above). Property Information: Parcel 1: Legal: N1/2 Section 12-145-62 in Eastman Township, Foster County, North Dakota Cropland Acres: 271.05 +/- Productivity Index: 71.8 Driving Directions: From Sutton, ND, proceed 3 miles west on 1st St. SE, this will place you at the north-eastern corner of this unit. Parcel 2: Legal: W1/2 Section 32-145-61 in Mable Township, Griggs County, North Dakota Cropland Acres: 301.03 +/- Productivity Index: 67.9 Driving Directions: From Sutton, ND, drive south on Highway 3 to 6th St. E, turn west proceed 2 miles west to 97th Ave. SE, this will place you at the southwest corner of this unit. Parcel 3: Legal: W ½ Section 1-144-62 in Corinne Township, Stutsman County, North Dakota Cropland Acres: 295.55 +/- Productivity Index: 57 Driving Directions: From parcel 2, proceed west ½ mile, this will place you at the northeast corner of this parcel. Parcel 4: Legal: N ½ Section 2-144-62 less farmstead in Corinne Township, Stutsman County, North Dakota Cropland Acres: 262.28 +/- Productivity Index: 63.2 Driving Directions: Parcel 4 is directly west of parcel 3. From parcel 3 drive west 1 mile to 95th Ave. SE, this will place you at the NE corner of this parcel. Parcel 5: Legal: NE ¼ and SW ¼ in Section 11- 143-62 and NW ¼ Section 14-143-62 all in Courtenay Township Stutsman County, North Dakota Cropland Acres: 425.81 +/- Productivity Index: 73.2 Driving Directions: From Courtenay, ND, proceed east on 13th St. SE 3 miles, this will place you at the NE corner of NE ¼ of Section 11, this parcel also includes the SW ¼ of Section 11 and the NW ¼ of Section 14. The SW ¼ of Section 11 and NW ¼ of Section 14 are directly across the road from each other on 14th St. SE. OWNERS: Jeff and Sherrie Barnes Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 19, 2018. Written bids should be on a per acre basis. 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, January 22, 2018 at 1:00 p.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 and will be required to return a signed copy to Pifer’s on or before February 2, 2018. Bidders are bidding on a 2-year lease agreement. The agreement will begin upon execution of contract, and terminate on December 31, 2019. Annual Rent will be due on or before March 15th each year of contract Top bidder will provide a letter of good standing from his/her financial intuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Barnes Land Lease, C/o: Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com

WRITTEN BID LEASE - 79.35 Cropland Acres - McHenry County, ND

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WRITTEN BID LEASE - 79.35 Cropland Acres - McHenry County, ND

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Auction Note

WRITTEN BID LEASE AUCTION 79.35 Cropland Acres - McHenry County, ND Friday, January 12, 2018 – 5:00 p.m. (CT) Written Bids Due: Friday, January 12, 2018 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Corporate Office ATTN: Gaylan & Bonnie Lassen, c/o Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 FAX: 218-477-1969 Judy@pifers.com (bid forms are available to download above) Auction Note: Land will be presented as 1 unit and written bids will be accepted until 5:00 pm Friday January 12, 2018. This property features 79.35 acres of cropland and is located on the E1/2 SE ¼ Section 18-152-76 in Strege Township of McHenry County, Northwest of Drake, North Dakota. Contact: Judy Nohrenberg at 701.269.1503, (judy@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or a bid form (bid forms can also be downloaded above). Driving Directions: From Drake, ND west on Highway 52 to the intersection of Highway 14. Turn north on Highway 14, drive 2 ½ miles to the intersection of 38th ST NE, turn east. Drive 1 mile east to the intersection of 7th Ave NE. Turn north, drive one mile north on the gravel road. You have arrived at the SE corner of Section 18-152-76. Property Information: Legal: E ½ SE ¼ Section 18-152-76 in Strege Township of McHenry County, North Dakota Cropland Acres: 79.35 +/- Productivity Index: 49.7 OWNERS: Gaylan & Bonnie Lassen Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. on Friday January 12, 2018. 2 - Written bid should be on a per acre basis. 3 - Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before January 19, 2018 along with a non-revocable letter of credit from their lending institution. 4 - The bidder is bidding on a 3- year rental contract. The contract will begin on January 19, 2018 and terminate on December 31, 2020. 5 - The owner reserves the right to reject or accept any and all bids. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Gaylan & Bonnie Lassen, c/o Judy Nohrenberg 1506 29th Ave S. Moorhead, MN 56560 Fax: 218.477.1969 Judy@pifers.com

WRITTEN BID LEASE - 1,666.53 +/- Acres - Clay County, MN

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WRITTEN BID LEASE - 1,666.53 +/- Acres - Clay County, MN

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 1,666.53 +/- Cropland Acres – Clay County, MN Friday, January 19, 2018 – 5:00 p.m. (CT) Written Bids Due: Friday, January 19, 2018 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Hogetvedt Family Rev Trust Land Lease, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above) Auction Note: Land will be presented in 7 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 19, 2018. Bidding will be based on Cropland Acres. Highest written bids will have an opportunity to orally raise their bid on Monday, January 22, 2018 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined.This property features 1,666.53 acres of cropland with Soil Productivity Indexes between 86.8 to 91.4! Contact: Paul Butenhoff at 701.371.1426 (paulb@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above). Property Information: Parcel 1: Legal: SE1/4 Section 9-141-44 in Goose Prairie, Clay County, MN Cropland Acres: 147.53 +/- Productivity Index: 90.1 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 3½ miles to the intersection of Hwy 32 and 130 Ave N. This will place you at the SE corner of the property. Parcel 2: Legal: NE1/4 & 17.04 acres in E1/2NW1/4 Section 10-141-44 in Goose Prairie Township, Clay County, MN Cropland Acres: 157.72 +/- Productivity Index: 87.9 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 4½ miles, turn east onto Co Rd 112 drive ½ mile. This would place you at the NW corner of the parcel. Parcel 3: Legal: NW1/4 Section 2-141-44 & W1/2SE1/4 Section 3-141-44 in Goose Prairie Township, Clay County, MN Cropland Acres: 221.57 +/- Productivity Index: 87.7 Driving Directions: From Hitterdal, drive north on Hwy 32 for approximately 4½ miles, turn east onto Co Rd 112 drive 1 mile. At the intersection of Co RD 112 and 270th turn north drive ½ mile. This will place you at the SW corner of the property. Also included in this parcel is 80 acres located ½ mile south and ¼ mile east. This would place you at the SE corner of the balance of this parcel. Parcel 4: Legal: NE1/4 & SE1/4NW1/4 Less 17.63 Acres Section 34-142-44 & W1/2NW1/4 Section 35-142-44 in Ulen Township, Clay County, MN Cropland Acres: 309.58 +/- Productivity Index: 84.1 Driving Directions: From Ulen & Hwy 32, drive east on Hwy 34 for approximately 1 a mile to the intersection of Hwy 34 and 270th St N. This will place you at the NE corner of the parcel located in section 34 and the NW of the parcel located in section 35. Parcel 5: Legal: SE1/4NE1/4 & SE1/4 less farmstead Section 27-142-44 and SW1/4NW1/4 Section 26-142-44 in Ulen Township, Clay County, MN Cropland Acres: 193.96 +/- Productivity Index: 91.4 Driving Directions: From Ulen & Hwy 32, drive east on Hwy 34 for approximately 1 a mile to the intersection of Hwy 34 and 270th St N. This will place you at the SE corner of the property. Also included in this parcel is 40 acres located ½ mile north. This would place you at the SW corner of the balance of this parcel. Parcel 6: Legal: E1/2 Section 11-142-44 in Ulen Township, Clay County, MN Cropland Acres: 314.83 +/- Productivity Index: 89.6 Driving Directions: From Ulen, drive north on Hwy 32 approximately 2½ miles to the intersection of Hwy 32 and Co Rd 42. Then go east 1½ miles. This will place you at the SE corner of the property. Parcel 7: Legal: W1/2 Section 12-142-44 in Ulen Township, Clay County, MN Cropland Acres: 321.34 +/- Productivity Index: 89.3 Driving Directions: From Ulen, drive north on Hwy 32 approximately 2½ miles to the intersection of Hwy 32 and Co Rd 42. Then proceed east 2 miles. This will place you at the SW corner of the property. OWNER: Hogetvedt Family Rev Trust Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 19, 2018. Written bids should be on a per acre basis. 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, January 22, 2018 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 and will be required to return a signed copy to Pifer’s on or before February 2, 2018. Bidders are bidding on a 2-year lease agreement. The agreement will begin on January 1, 2018 and terminate on December 31, 2019. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Hogetvedt Family Rev Trust, Land Lease, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com

WRITTEN BID LEASE - 168.5 +/- Cropland Acres - Pierce County, WI

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WRITTEN BID LEASE - 168.5 +/- Cropland Acres - Pierce County, WI

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 168.5 +/- Cropland Acres - Pierce County, WI Friday, February 2, 2018 – 5:00 p.m. Written Bids Due: Friday, February 2, 2018 – 5:00 p.m. Oral Bid Monday, February 5, 2018 – 11 a.m. Mail, Email or Fax Bids to: Pifer’s Auction and Realty Attn: Farm USA Trust, LLLP, c/o Bob Panzer 1106 Mondovi Road #118 Eau Claire, WI 54701 FAX: 218.477.1969 bpanzer@pifers.com (bid forms are available to download above at www.pifers.com) Auction Note: This property features 168.5 +/- cropland acres presented as one parcel. Written bids will be accepted until 5:00 pm on Friday, February 2, 2018. Bidding for this parcel will be based on an established 168.5 +/- acres with highly productive soils and a strong cropping history. This land is located within: FR NE ¼ of NE ¼, SW ¼ of NE ¼ Ex lot CSM V 14 p139, FR NW ¼ of NE ¼ subj. to Hwy. conveyance, SE ¼ of NE ¼, in Union Township, Pierce County, Wisconsin. The highest bidder will have immediate possession and will be able to prepare this parcel for the 2018 crop season. Bidding will be on a dollar amount per acre to establish annual rent. Contact: Bob Panzer at 920.539.8728, (bpanzer@pifers.com) or Pifer’s Auction & Realty at 218.477.1968 for more information or a bid form (bid forms can also be downloaded at www.pifers.com). Driving Directions: From Plum City, WI, go north on County Road S. 3 miles to the intersection of County Road S. and Z., property located on the east side of S., and north side of Z. Property Information: Acres: 168.5 +/- of cropland to be put into production for 2018 spring planting. Legal: FR NE ¼ of NE ¼, SW ¼ of NE ¼ Ex lot CSM V 14 p139, FR NW ¼ of NE ¼ subj. to Hwy. conveyance, SE ¼ of NE ¼, in Union Township, Pierce County, Wisconsin. OWNERS: Farm USA Trust, LLLP Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. on Friday, February 2, 2018. 2 - Written bid should be on an annual per acre basis. 3 - 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 Land Management. Oral bidding will be held on February 5, 2018, time TBD. 4 - Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before February 19, 2018, with a non-revocable letter of credit from their lending institution. Liability insurance is required to be carried. 5 - The bidder is bidding on a 3-year rental contract. The contract will begin in 2018 and terminate on December 31, 2020. 6 - Annual rent will be due on or before March 1st, each year of lease agreement. 7 - The owner reserves the right to reject or accept any and all bids. 8 - All statements made the day of the oral bidding take precedence over all printed materials.

WRITTEN BID LEASE - 203.74 +/- Crop Acres & 76.52 +/- Pasture Acres - Burleigh County, ND

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WRITTEN BID LEASE - 203.74 +/- Crop Acres & 76.52 +/- Pasture Acres - Burleigh County, ND

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 203.74 +/- Crop Acres & 76.52 +/- Pasture Acres - Burleigh County, ND Written Bids Due: Friday, March 16, 2018 – before 5:00 p.m. Mail, Email or Fax Bids to: Pifer’s Corporate Office ATTN: Elker Owners Cropland and Pasture Lease Bid, c/o Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 FAX: 218-477-1969 Judy@pifers.com (bid forms are available to download above) Auction Note: This land will be presented as 2 parcels and written bids will be accepted until 5:00 p.m. Friday, March 16, 2018. Bidding will be based on cropland and pastureland acres. Highest written bids will have an opportunity to orally raise their bid on Monday, March 19, 2018 at 10:00 a.m. by phone. Bidders may bid on one or more parcels or all parcels combined. This property features 203.74 cropland acres with a Soil Productivity Index of 75.9 with 65.8% of the cropland being Williams -Bowbells loamy soil with productivity rating of 83 to 86! The pasture is across the road with good grass, water, and excellent road access! Contact: Judy Nohrenberg at 701.269.1503, (judy@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or a bid form (bid forms can also be downloaded above). Parcel 1: Legal: NW¼, E½NE¼ Section 14-144-75 in Hazel Grove Township, Burleigh County, North Dakota Cropland Acres: 203.74 +/- FSA Crop Base Acres: Wheat 105.70 Yield 34 bushels Flax 70.21 Yield 17 Bushels Productivity Index: 75.9 Driving Directions: From Wing North Dakota, proceed 14 miles north on Highway 14 to the intersection of 461st Ave NE, turn east, drive 5 miles to intersection of 392nd ST NE. Drive 1 mile south, you have arrived at the NW corner of parcel 1. Parcel 2: Legal: S½NE¼ Section 15-144-75 in Hazel Grove Township, Burleigh County, North Dakota Pasture Acres: 76.52 +/- Productivity Index: 57.7 Driving Directions: From Parcel 1, drive ¼ mile south, and you have arrived at the NE corner of the pasture on Section 15-144-75. OWNERS: Philip and Shirley Elker Bidding Procedure: All written bids must be received before 5:00 p.m. on Friday, March 16, 2018. Written bid is submitted on a per acre basis. 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 held the on March 19, 2018 at 10:00 a.m. Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before March 23, 2018 along with a letter of good-standing from their lending institution. Liability insurance is required to be carried. The bidder is bidding on a 2-year rental contract for the cropland and a 2-year rental contract for the pastureland. The contract will begin on March 23, 2018 and terminate on December 31, 2019. All statements made the day of the Oral Bidding take precedence over all printed materials. The owner reserves the right to reject or accept any and all bids. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Elker Lease, c/o Judy Nohrenberg 1506 29th Ave S. Moorhead, MN 56560 Fax: 218.477.1969 Judy@pifers.com

WRITTEN BID: 1,430 +/- Crop, Pasture Acres & Farmstead - Wells County, ND

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WRITTEN BID: 1,430 +/- Crop, Pasture Acres & Farmstead - Wells County, ND

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 1,430 +/- Crop/Pasture Acres & Farmstead - Wells County, ND Bids Due: Friday, November 2, 2018 – 5:00 p.m. (CT) Oral Bidding: Tuesday, November 6, 2018 Mail, Email or Fax Bids to: Pifer’s Auction and Realty Attn: Terry Thormodsgaard Trust, c/o Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218-477-1969 dhofland@pifers.com (bid forms are available to download above at www.pifers.com) Auction Note: Seeking a single tenant to lease farmland and farmstead, with home, barn and shop. Written bids will be accepted until 5:00 p.m. on Friday, November 2, 2018. This property features 580 +/- cropland acres, 649 +/- pastureland acres, 64 +/- grassland acres with highly productive soils and strong cropping history and a 12 +/- acre farmstead with a residence, shop, barns, and corrals. This land is located south of Hurdsfield, ND in Bull Moose, Lynn and Silver Lake Townships, Wells County, ND. The successful bidder will have possession starting on or before January 1, 2019. 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 can also be downloaded at www.pifers.com). Property Information: Parcel 1: Cropland Acres: 85 +/- Pastureland Acres: 50.2 +/- Legal: SW ¼ Section 25-146-73 Bull Moose Township, Wells County, ND. Driving Directions: From Hurdsfield, ND travel south on 29th Ave NE (1 mile) to 1st St NE, this will put you at the SW corner of Section 25 in Bull Moose Township. Parcel 2: Cropland Acres: 237 +/- Pastureland Acres: 29 +/- Farmstead: 12 +/- Legal: E ½ Section 12-145-73 Lynn Township, Wells County, ND. Driving Directions: From Hurdsfield, ND travel south on 29th Ave NE (3 ½ miles) to go east 1 mile this will put you at the southeast corner of the farmstead, the northeast corner of the southwest quarter of section 12 in Lynn Township. Parcel 3: Cropland Acres: 13.1 +/- Pastureland Acres: 570 +/- Legal: All of Section 7-145-72 Silver Lake Township, Wells County, ND. Driving Directions: From parcel two, directly east along 30th Ave SE, to the corner of 30th Ave SE and 2nd St SE. This will put you at the southwest corner of the parcel. Parcel 4: Cropland Acres: 245 +/- Grassland/Hayland Acres: 64 +/- Legal: N ½ Section 18-145-72 Silver Lake Township, Wells County, ND. Driving Directions: From parcel three, directly south on 2nd St SE. This parcel is the N ½ of section 18 in Silver Lake Township will put you at the southwest corner of the parcel. OWNER: Terry Thormodsgaard Trust Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. on Friday, November 2, 2018. 2 - Written bids will be submitted on an annual per acre basis. 3 - 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 held on Tuesday, November 6, 2018, time TBD (CT). 4 - Bidders are bidding on a 3-year lease agreement. The lease agreement will begin on or before January 1, 2019 and terminate on December 31, 2021. 5 - Winning bidder will (upon Landowner acceptance) receive a lease agreement and will be required to return a signed copy to Pifer’s on or before November 20, 2018, with a letter of credit/good standing from their lending institution. Liability insurance policy is required. 6 - Annual rent will be due on or before March 15th, each year of the lease agreement. 7 - The landowner reserves the right to accept or reject any or all bids. 8 - All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Terry Thormodsgaard Trust, c/o Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 Fax: 218.477.1969 dhofland@pifers.com

WRITTEN BID LEASE: 1,700 +/- Crop Acres - Daniels & Valley Counties, MT

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WRITTEN BID LEASE: 1,700 +/- Crop Acres - Daniels & Valley Counties, MT

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Auction Note

WRITTEN BID LEASE AUCTION 1,700 +/- Crop Acres & Farmstead - Daniels & Valley Counties, MT Written Bids Due By: Friday, March 6, 2020 – 5:00 p.m. (MT) Mail, Fax or Email Bids to: Pifer’s Land Management Attn: Ryan Hofland: Smith Family 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com (bid forms are available for download above) Property Note: Pifer’s Land Management is seeking bids for the 2020-2021 crop season. This nearly ontiguous farm has excellent cropland, a beautiful farmstead and great access! Highest written bids will have an opportunity to orally raise their bid on Tuesday, March 10, 2020 at 9:00 a.m. (MT) by phone. Bidders may bid on one or more parcels or all parcels combined. The owners and Pifer’s Land Management is seeking a long-term tenant with strong ranching and farming stewardship practices. 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 or call Pifer's Auction & Realty at 877.700.4099 for a bid form. Driving Directions: Drive south on the Richland-Frazer Rd. for 13 miles. Parcels 1 & 2 are on the east side of the road. Property Information: Total Cropland Acres: 1,710.79 +/- Parcel 1 - Valley Co. Legal: All 2-33N-43E Cropland Acres: 582.12 +/- This is an excellent section featuring nearly 100% cropland with great access with Richland-Frazer Rd along the west border. Parcel 1 also is highlighted by a grass/waterway ideal for wildlife habitat in the southeast corner. Parcel 2 - Valley Co. Legal: SE¼ 1-33N-43E Cropland Acres: 153.61 +/- Parcel 2 consists of good cropland with an exceptional tree belt in the southeast corner with two grain bins. Parcel 3 (Farm Headquarters) - Daniels Co. Legal: Lot 6, 7 and E½ SW¼ 6-33N-44E & Lots 1 & 2, S½NE¼ & SE¼ 6-33N-44E Cropland Acres: 420.39 +/- (Estimated) An incredible parcel including cropland with good soils and a functional, tasteful farmstead that features a nice home, equipment storage buildings, and additional grain storage. House: Year Built: 1916 Living Area: 2,016 Sq. Ft. Bedrooms: 3 Bath: 1 Full Siding: Masonite Roof: Asphalt Foundation: Concrete Basement: Full – 528 Sq. Ft. HV/AC: Electric Baseboard Heat Implement Shed: Year Built: 1982 Size: 57’ x 80’ Shop: Year Built: 1969 Size: 32’ x 40’ Steel Quonset: Year Built: 1954 Size: 36’ x 80’ Pole Shed: Year Built: 1974 Size: 20’ x 50’ Parcel 4 - Daniels Co. Legal: N½ NE¼ 7-33N-44E Cropland Acres: 79.1 +/- Parcel 4 is an excellent piece of cropland with good access. Parcel 5 - Daniels Co. Legal: N½ N½ 8-33N-44E Cropland Acres: 167.1 +/- Parcel 5 is another excellent piece of grassland whose eastern boundary adoins to Parcel 6 and its northern border is Prairie Dell Rd. Parcel 6 - Daniels Co. Legal: S½ 8-33N-44E Cropland Acres: 308.47 +/- This excellent cropland half section south of Prairie Dell Rd. ½ mile just south of Parcel 5. OWNER: Smith Family Bidding Procedure: All written bids must be received before 5:00 p.m. (MT) on March 6, 2020. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a ranch and farm history of your operation including, but not limited to owner/operators, equipment, grazing and farming practices. 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 March 10, 2020, at 9:00 a.m. (MT). 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, 2021. Annual rent will be due upon signing the lease agreement for 2020, March 1st for 2021. 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: Smith Family (Landowner) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rhofland@pifers.com

WRITTEN BID: 452.52 +/- Cropland Acres - Traill County, ND

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WRITTEN BID: 452.52 +/- Cropland Acres - Traill County, ND

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WRITTEN BID AUCTION 452.52 +/- Cropland Acres – Traill County, ND Friday, December 14, 2018 – 5:00 p.m. (CT) Written Bids Due: Friday, December 14, 2018 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Lunde Group C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above) Auction Note: This land is offered in 2 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, December 14, 2018. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, December 18, 2018 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. This property features 452.52 acres of cropland with Soil Productivity Indexes (SPI) between 86.9 to 91.9! Contact: Paul Butenhoff at 701.371.1426 (paulb@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above). Property Information: Parcel 1: Legal: NE¼ Section 29-148-50 in Stavanger Township, Traill County, ND Cropland Acres: 150.27 +/- Soil Productivity Index: 86.9 Driving Directions: From Buxton, drive east on Co Rd. #21 for approximately 1¼ miles, turn north on to Co Rd. #81 then drive north 1 mile. At the intersection of Co Rd. #81 and 14th St. NE turn east and drive a ½ mile. This will place you at the NW corner of the property. Parcel 2: Legal: N½ less 12.28 acres Section 28-148-50 in Stavenager Township, Traill County, ND Cropland Acres: 302.25 +/- Productivity Index: 91.9 Driving Directions: From parcel one, drive directly east a ½ mile on 14th St. NE. This would place you at the NW corner of the parcel. OWNERS: Beverly Lunde, Robert Hauge, Vernon Feleide Et Al, and Erfjord Gruah Farming, LLC Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, December 14, 2018. Written bids will be submitted on an annual per acre basis. 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 December 18, 2018 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. Each bidder needs to submit a three-year stewardship plan, including but not limited to nutrient application, crop selection and rotation along with tillage practices. The selected high bidder will adhere to such practices in writing as an exhibit to said lease. The winning bidder will (upon Landowner acceptance) receive a lease agreement and will be required to return a signed copy to Pifer’s on or before December 31, 2018. Bidders are bidding on a 3-year lease agreement. The agreement will begin on January 1, 2019 and terminate on December 31, 2021. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Lunde Group, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com

WRITTEN BID: 307.29 +/- Cropland Acres - Nelson County, ND

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WRITTEN BID: 307.29 +/- Cropland Acres - Nelson County, ND

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WRITTEN BID AUCTION 307.29 +/- Cropland Acres - Nelson County, ND Friday, January 4, 2019 – 5:00 p.m. (CT) Written Bids Due: Friday, January 4, 2019 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Roger Pic C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above) Auction Note: Land is offered in 2 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 4, 2019. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, January 8, 2019 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. This property features 307.29 acres of cropland with Soil Productivity Indexes between 68.6 to 72.2. Contact: Paul Butenhoff at 701.371.1426 (paulb@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above). Property Information: Parcel 1: Legal: SW¼ Section 30-151-58 Melvin Township, Nelson County, ND Cropland Acres: 151.92 +/- Soil Productivity Index: 68.6 Driving Directions: From McVille, ND, drive north on Co Rd 35 for approximately 6¾ miles. Turn east on to 31st St NE then drive one east 1 mile. This will place you at the SW corner of the property. Parcel 2: Legal: NE¼ Section 32-149-61 Forde Township, Nelson County, ND Cropland Acres: 155.37 +/- Productivity Index: 72.2 Driving Directions: From McHenry, ND, drive north on ND Hwy 20 for approximately 5.8 miles. Turn east onto 17th St NE and drive 4 miles east. Turn north onto 96th Ave NE, drive 1 mile. At the intersection of 18th St NE turn east and drive approximately .9 miles and then north a ½ a mile. This will place you at the SE¼ of the property. OWNER: Roger Pic Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 4, 2019. Written bids will be submitted on an annual per acre basis. 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 January 8, 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 and will be required to return a signed copy to Pifer’s on or before January 22, 2019. Bidders are bidding on a 3-year lease agreement. The agreement will begin on January 1, 2019 and terminate on December 31, 2021. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Roger Pic, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com

LAND LEASE AUCTION: 307.97 +/- Cropland Acres - Grand Forks County, ND

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LAND LEASE AUCTION: 307.97 +/- Cropland Acres - Grand Forks County, ND

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LAND LEASE WRITTEN BID AUCTION 307.97 +/- Cropland Acres - Grand Forks County, ND Friday, January 11, 2019 – 5:00 p.m. (CT) Written Bids Due: Friday, January 11, 2019 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Eugene Reibel Trust C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above) Auction Note: This land is offered in 4 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 11, 2019. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, January 15, 2019 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. This property features 307.97 acres of cropland with Soil Productivity Indexes between 57.9 to 77.3. Contact: Paul Butenhoff at 701.371.1426 (paulb@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above). Property Information: Parcel 1: Legal: PT of NW¼ Section 9-153-54 Wheatfield Township - Grand Forks County, ND Cropland Acres: 42 +/- Soil Productivity Index: 63 Driving Directions: From Inkster, drive east on CR #1 for approximately a ½ mile. Turn south on ND Hwy #18 and drive south for 4 miles. At the intersection of CR #15 drive east one mile. This will place you at the corner of NW¼ of the property. Parcel 2: Legal: W½SW¼ Section 9-154-55 Inkster Township - Grand Forks County, ND Cropland Acres: 79.09 +/- Soil Productivity Index: 57.9 Driving Directions: From Inkster, drive west on CR #1 for approximately 3.5 miles. Turn north at the intersection of 42nd St. NE and drive one mile. This will place you at the SW corner of the property. Parcel 3: Legal: E120 acres of SE¼ Section 18-154-54 Strabane Township - Grand Forks County, ND Cropland Acres: 108.10 +/- Soil Productivity Index: 60.6 Driving Directions: From Inkster, drive east on CR #1 for approximately 1 mile to the intersection of County Rd #1 and State Hwy #18. This will place you at the SE corner of the property. Parcel 4: Legal: S½SE¼ Section 7-152-55 Elm Grove Township, Grand Forks County, ND Cropland Acres: 78.78 +/- Soil Productivity Index: 77.3 Driving Directions: From McCanna, drive west 1 mile to 42 St. Turn south on 42st St. and proceed 1 mile to the intersection of 22nd Ave. NE. This will place you southeast corner of the parcel. OWNER: Eugene Reibel Trust Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 11, 2019. Written bids will be submitted on an annual per acre basis. 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 January 15, 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 and will be required to return a signed copy to Pifer’s on or before January 28, 2019. Bidders are bidding on a 3-year lease agreement. The agreement will begin on January 1, 2019 and terminate on December 31, 2021. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Eugene Reibel, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com

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LAND LEASE AUCTION: 307.97 +/- Cropland Acres - Grand Forks County, ND

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