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LAND LEASE AUCTION: 1,217.29 +/- Cropland Acres - Cass County, ND

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LAND LEASE AUCTION: 1,217.29 +/- Cropland Acres - Cass County, ND

Auction Location:

Auction Note

LAND LEASE WRITTEN BID AUCTION 1,217.29 +/- Cropland Acres - Cass County, ND Friday, January 25, 2019 – 5:00 p.m. (CT) Written Bids Due: Friday, January 25, 2019 – By 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Stibbe Family Land Agency 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: This land is offered in 5 parcels. Written bids will be accepted until 5:00 p.m. (CT) on Friday, January 25, 2019. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Monday, January 28, 2019 at 9:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. All bids must be accompanied by a three year farming/stewardship plan. This property features 1,217.29 +/- acres of cropland with Soil Productivity Indexes (SPI) between 63.7 to 84.3. 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: E ½ 9-142-53 Less R/WA (Erie Township) Cropland Acres: 304.51 +/- Soil Productivity Index: 75.7 Parcel Note: This parcel has 63 acres tiled west of the RR on the northern and southern portions of this parcel. Driving Directions: From Erie, North Dakota, drive approximately one half mile north on Cass County Hwy #5 to 20th St. SE, turn west. This will place you at the southeast corner of the property. Parcel 2: Legal: NE ¼ 14-143-53 (Dows Township) Cropland Acres: 159.91 +/- Soil Productivity Index: 81.7 Driving Directions: From Hunter, North Dakota, drive north on Hwy #18 for approximately one mile. Turn west and proceed 6 miles on 14th St. SE to 149th Ave. SE. This will place you at the northeast corner of the property. Parcel 3: Legal: S ½ 11-143-52 (Hunter Township) Cropland Acres: 311.76 +/- Soil Productivity Index: 84.3 Driving Directions: From Hunter, North Dakota, drive north on Hwy #18 for approximately one mile. Turn west on 14th St. SE. This will place you at the southeast corner of the property. Parcel 4: Legal: N ½ 21-143-52 (Hunter Township) Cropland Acres: 283.84 +/- Soil Productivity Index: 75.5 Parcel Note: From Hunter, North Dakota, drive west on 15th St. SE approximately three miles to 152nd Ave. SE. This will place you at the northwest corner of the property. Driving Directions: From Hunter, North Dakota, drive west on 15th St SE approximately three miles to 152nd Ave SE. This will place you at the north west corner of the property. Parcel 5: Legal: NE ¼ 30-143-52 (Hunter Township) Cropland Acres: 155.27 +/- Soil Productivity Index: 63.7 Driving Directions: From Hunter, North Dakota, drive south on Hwy #18 approximately one mile to 16th St. SE, turn west and drive approximately five miles on 16th St. SE to 151st Ave. SE. This will place you at the north east corner of the property. OWNER: Stibbe Family Land Agency Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 25, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a three-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 land owner (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 on Monday January 28, at 9:00 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 the Stibbe Family Land Agency. Bidders are bidding on a 3-year lease agreement. The agreement will begin at the signing of the contract and terminate on December 31, 2021. Annual rent will be due on or before March 1st 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: Stibbe Family Land Agency: Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com

LAND LEASE AUCTION: Cropland - 620.67 +/- Acres & Pasture - 287.26 +/- Acres - Morton County, ND

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LAND LEASE AUCTION: Cropland - 620.67 +/- Acres & Pasture - 287.26 +/- Acres - Morton County, ND

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION Cropland - 620.67 +/- Acres and Pasture - 287.26 +/- Acres - Morton County, ND Friday February 1, 2019 – 5:00 p.m. (CT) Written Bids Due By: Friday February 1, 2019 – Before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Corporate Office ATTN: Private Party Owner, Cropland and Pasture Lease Bid: C/O Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 Fax: 218.477.1969 Judy@pifers.com Auction Note: This land will be presented as two parcels. Written bids will be accepted until 5:00 p.m. Friday February 1, 2019. Bidding will be based on 620.67 +/- cropland acres and 287.26 +/- pastureland acres. Bidders may bid on one or more parcels or all parcels combined. The pastureland has good grass and water, and a new 2018 fence on part of the west side. Excellent access to all areas of this property. 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: Parcel 1 - Cropland: At the intersection of Hwy. #49 and 66th Ave., on the west side of Glen Ullin, proceed north 1¾ mile on 66th Ave. to intersection of 66½ Ave. and 40th St., turn west ½ mile arriving at southeast corner of parcel 1, south side and Sections 23 and 24-139-89 ; return to 66 ½ Ave. proceeding north along Section 24 to the intersection of 39th St. arriving in the middle of Section 13, turn west, continuing on Section 13 and Section 14, of the property. From the west side of section 14, proceed to the intersection of 68th Ave., turn north, drive ¾ mile to the intersection of 38th St. turn east, drive 1 ½ mile east. This will place you at the southwest corner of the property located in Section 12-139-89. Parcel 2 - Pastureland: At the intersection of Hwy. #49 and 66th Ave., on the west side of Glen Ullin, proceed north; following the road 1¾ mile to intersection of 66½ Ave., you have arrived at the southeast corner of the pasture. Parcel 1 (Overall): Total Cropland Acres: 620.67 +/- Legal: SE ¼ 23-139-89, W ½ 24-139-89, NE ¼ 14-139-89, W ½ 13-139-89 & W½SE¼ 12-139-89 in West Morton Township Parcel 1 Continued: Legal: W½SE¼ 12-139-89 Crop Acres: 73.07 +/- Parcel Note: In 2018, this parcel was planted to wheat. The Soil Productivity Index (SPI) has over 44% of 72 to 89 SPI. A grassed water to the north allows good water drainage. Excellent gravel road access along 38th St. on south side of property. Parcel 1 Continued: Legal: W½ 13-139-89 Crop Acres: 176.88 +/- Parcel Note: In 2018, this parcel was planted to wheat. The average SPI is 65.9 with 60% ranging from 77 to 93. The parcel has excellent drainage to the west waterway. Gravel road for easy access on 39th St. Parcel 1 Continued: Legal: NE ¼ 14-139-89 Crop Acres: 89.83 +/- Parcel Note: In 2018, this parcel was planted to wheat. The average SPI is 62.6 with 45% ranging from 72 to 81. Gravel road access from the west and east on 39th St. Parcel 1 Continued: Legal: SE ¼ 23-139-89 Crop Acres: 159.78 +/- Parcel Note: In 2018, this parcel was planted to wheat. The field has gentle slopes towards the west for good drainage. The average SPI is 56.1 with 46% ranging from 61 to 89 of silty and clay loam soil. Good field road from intersection of 66½ St. to the west for access. Parcel 1 Continued: Legal: W ½ 24-139-89 Crop Acres: 123.11 +/- Parcel Note: In 2018, this parcel was planted to wheat. The average SPI at 52.5 and ranging from 61 to 89 of silty and clay loam. Field road is access from intersection of 66½ St. and 40th Ave., proceed one-half mile west. Parcel 2 (Overall): Total Pasture Acres: 287.26 +/- Legal: SW ¼ 13-139-89 and W ½ 24-139-89 West Morton Township Parcel 2 Continued: Legal: SW ¼ 13-139-89 Pasture Acres: 97 +/- Parcel Note: Excellent native grass can be found on the rolling hill pasture. The west fence was re-built in 2018 with good remaining three-wire fence around the north and east perimeter. Nice gravel road on east side of pasture along 66½ St. for easy access. Parcel 2 Continued: Legal: W ½ 24-139-89 Pasture Acres: 189 +/- Parcel Note: The pasture continues south with good native grass. Water source are the creek bottom on north side and a strategically placed dam in the middle of the pasture. Part of the west fence is new in 2018 and a good 3-wire fence is along the remaining west, east and south perimeter. OWNER: Private Party Bidding Procedure: All written bids must be received before 5:00 p.m. on Friday, February 1, 2019. Written bid is submitted on a per acre basis. Written Farm plan is submitted describing farming and/or ranching 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 Land Management. Oral bidding will be on Monday February 4, 2019 at 10:00 a.m. (CT). Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before February 22, 2019 along with a letter of good-standing from their lending institution. Liability insurance is required. The bidder is bidding on a 3-year rental contract for the cropland and a 3-year rental contract for the pasture land. The contract will begin on Friday February 15, 2019 and terminate on December 31, 2021. 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: Private Party Lease, c/o Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 Fax: 218.477.1969 Judy@pifers.com

LAND LEASE AUCTION: 2,993.15 +/- Cropland & Hayland Acres - Bowman & Slope Counties, ND

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LAND LEASE AUCTION: 2,993.15 +/- Cropland & Hayland Acres - Bowman & Slope Counties, ND

Auction Location:

Auction Note

WRITTEN BID LEASE AUCTION 2,993.15 +/- Cropland & Hayland Acres Bowman & Slope Counties, ND Friday, February 1, 2019 – 5:00 p.m. (MT) Written Bids Due By: Friday, February 1, 2019 – before 5:00 p.m. (MT) Mail, Fax or Email Bids to: Pifer’s Auction & Realty ATTN: Dwight Hofland (Allen T. and Corrinne M. Fish Lease Auction) 1506 29th Ave S Moorhead, MN 56560 FAX: 218.477.1969 Email: dhofland@pifers.com (bid forms are available for download above) Auction Note: This land is offered in 7 parcels. Written bids will be accepted until 5:00 p.m. (MT) on Friday, February 1, 2019. Bidding will be based on a dollar amount per acre. Highest written bids will have an opportunity to orally raise their bid on Tuesday, February 5, 2019 at 10:00 a.m. (MT) by phone. Bidders may bid on one or more parcels or all parcels combined. All bids must be accompanied by a three year farming/stewardship plan. This property features 2,993.15 +/- acres of cropland with Soil Productivity Indexes up to 68.3. 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). Parcel 1: Legal: W½ 1-133-104 Crawford Township and SW¼ Section 36-134-104 Mound Township, Slope County, ND Cropland Acres: 407.73 +/- Productivity Index: 65 Parcel Note: The owner has farmed these two land units as one field. This parcel features a strong Soil Productvity Index (SPI) up to 96. Driving Directions: From Rhame, North Dakota, drive approximately one mile west on US Hwy. #12. Turn north on 160th Ave. SW and travel north approximately 7 1/2 miles, this will place you at the western edge of this parcel. Parcel 2: Legal: Section 19-133-103 Deep Creek Township, Slope County, ND Cropland Acres: 471.66 +/- Hayland Acres: 38.17 +/- Fall Grass Acres: 110.35 +/- Productivity Index: 61 Parcel Note: This diverse parcel features both cropland and hayland with a SPI up to 96. Driving Directions: From Rhame, North Dakota, take Main Ave. in Rhame to North Avenue, turn right and proceed approximately one-half mile on North Ave. Turn north on 157th Ave. SW and proceed approximately six miles north, turn west and proceed approximately 2 miles. This will place you at the northwest corner of the section. Parcel 3: Legal: W½ 23-132-105 West Bowman Township, Bowman County, ND Cropland Acres: 273.09 +/- Productivity Index: 50.7 Parcel Note: This parcel has excellent access with a SPI as high as 76. Driving Directions: From Rhame, North Dakota, drive approximately 5 1/2 miles west on US Hwy. #12. This parcel is on the south side of US Hwy. #12. Parcel 4: Legal: NW ¼ 24-132-105 West Bowman Township, Bowman County, ND Cropland Acres: 141.61 +/- Productivity Index: 67.6 Parcel Note: This parcel has excellent access, and a SPI as high as 96. Bin site excluded. Driving Directions: From Rhame, North Dakota, drive approximately five mile west on US Hwy. #12 to 163rd Ave. SW. This will place you at the northwest corner of the parcel which is on the south side of US Hwy. #12. Parcel 5: Legal: Section 13-132-105 West Bowman Township, Bowman County, ND Cropland Acres: 586.69 +/- Productivity Index: 63.9 Parcel Note: This parcel features exceptional cropland & cropping history. Nearly 40% of the cropland has a SPI over 70. Driving Directions: From Rhame, North Dakota, drive approximately four mile west on US Hwy. #12 to Fort Dilts Rd. Turn north on Fort Dilts Rd., this will place you at the southeast corner of the property. Parcel 6: Legal: N ½ 22-132-104 in West Bowman Township, Bowman County, ND Cropland Acres: 257.94 +/- Productivity Index: 68.2 Parcel Note: This parcel features excellent access off US Hwy. #12. Approximately 65% of the cropland has a SPI over 70. Driving Directions: From Rhame, North Dakota, drive approximately one mile west on US Hwy. #12. Turn north, this will place you at the southwest corner of the property. Parcel 7: Legal: Section 19-133-105 and 14.88 +/- of 30-133-105 in Hughes Township and NW ¼ 24-133-106 in Bucklin Township, Slope County, ND Cropland Acres: 705.91 +/- Productivity Index: 52.1 Parcel Note: This parcel offers excellent access north of Marmarth, ND with excellent cropping history. Approximately 65% of the cropland has a SPI over 60. Farmstead excluded. Driving Directions: From Marmarth, North Dakota, drive west on US Hwy. #12 to West River Rd. (Old 16 Rd.), turn right and go north approximately 11/2 miles. This will place you at the southwest corner of the section 24 in Bucklin Township. OWNERS: Allen T. and Corrinne M. Fish Bidding Procedure: All written bids must be received before 5:00 p.m. (MT) on Friday, February 1, 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 February 5, at 10:00 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 3-year lease agreement. The agreement will begin at the signing of the lease agreement and terminate on December 31, 2021. 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 & Realty ATTN: Dwight Hofland (Allen T. and Corrinne M. Fish Lease Auction) 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 Email: dhofland@pifers.com

LAND LEASE AUCTION: 1,384.75 +/- Cropland Acres - Cass County, ND

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LAND LEASE AUCTION: 1,384.75 +/- Cropland Acres - Cass County, ND

Auction Location:

Auction Note

WRITTEN BID AUCTION 1,384.75 +/- Cropland Acres - Cass County, ND Friday, February 8, 2019 – 5:00 p.m. (CT) Written Bids Due By: Friday, February 8, 2019 – Before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Dwight Hofland C/o: Susan Stibbe Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com (bid forms are available for download above) Auction Note: This land is offered in 5 parcels. Written bids will be accepted until 5:00 p.m. (CT) on Friday, February 8, 2019. This property features 1,384.75 +/- acres of cropland with Soil Productivity Indexes (SPI) between 77 to 88.2. Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, February 12, 2019 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. All bids must be accompanied by a three year farming/stewardship plan. 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). Parcel 1: Legal: E½ 17-144-52 Greenfield Township, Traill County, ND. Cropland Acres: 310.83 +/- Productivity Index: 88.2 Parcel Note: This exceptional parcel features the highest SPI cropland of this offering with 88.2. With a strong cropping and production history of corn and soybean yields, this piece is a must for your portfolio. Driving Directions: From Hunter, North Dakota, drive approximately six miles north on Cass County Hwy. #18 to 9th St. SE, turn west and proceed approximately 3 miles. This will place you at the south east corner of the property. Parcel 2: Legal: NE¼ 15-143-53 in Dows Township, Cass County, ND. Cropland Acres: 156.83 +/- Productivity Index: 77.2 Parcel Note: This is another productive parcel with approximately 60 acres tiled throughout the parcel that boasts a strong SPI of 77.2. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile. Turn west and proceed 7 miles on 14th St. SE to 148th Ave. SE, this will place you at the north east corner of the property. Parcel 3: Legal: E½, E½ SW¼ 13-143-53 in Dows Township, Cass County, ND Cropland Acres: 404 +/- Productivity Index: 77 Parcel Note: This parcel has approximately 386 acres tiled throughout the entire parcel which enhances productivity and yields, and excellent corn and soybean cropping history with an SPI of 77. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile. Turn west on 14th St. SE and proceed west approximately 5 miles to 150th Ave. SE, this will place you at the north east corner of the property. Parcel 4: Legal: N ½ 15-143-52 in Hunter Township, Cass County, ND. Cropland Acres: 301.72 +/- Productivity Index: 85.8 Parcel Note: This parcel has approximately 40 acres tiled running east to west along the norther edge of this parcel. With an SPI of 85.8, this parcel will produce outstanding corn and soybeans. Driving Directions: From Hunter, North Dakota, drive north on Hwy. #18 for approximately one mile to 14th St. SE. Turn west and proceed approximately 1 mile to 154th Ave. SE. This will place you at the NE corner of the property. Parcel 5: Legal: S½ 24-143-52 less the elevator property along Hwy. #18 and less the Hunter Lagoon, all in Hunter Township, Cass County, ND. Cropland Acres: 211.37 +/- Productivity Index: 79.2 Property Note: This parcel is 100% tiled to enhance strong yields to boost the SPI to 79.2. Driving Directions: This property borders the town of Hunter. Access to this parcel is from Hwy. #18 and 16th St. SE on the southern edge of Hunter. Proceed east approximately ¼ mile. This will place along the southern border of this parcel. OWNER: Susan Stibbe Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, February 8, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a three-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 land owner (s) and will play an important role in the final decision when awarding the contracts. Fall fertilizer was applied to this land, successful bidder will be required to reimburse Land Owner for these costs. Reimbursement costs will be based on SOP number established by the fertilizer company. 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 February 12, 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 Susan Stibbe. Bidders are bidding on a 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2021 or when fall tillage is completed whichever is the earliest. Annual rent will be due on or before March 1st 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: Dwight Hofland: Susan Stibbe Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com

LAND LEASE AUCTION: 837.1 +/- Acres – Grant County, ND & 263.88 +/- Acres – Morton County, ND

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LAND LEASE AUCTION: 837.1 +/- Acres – Grant County, ND & 263.88 +/- Acres – Morton County, ND

Auction Location:

Auction Note

WRITTEN BID LEASE SALE 837.1 +/- Acres – Grant County, ND & 263.88 +/- Acres – Morton County, ND Friday, February 8, 2019 – 4:00 p.m. (MT) & 5:00 p.m. (CT) Written Bids Due: Friday, February 8, 2019 – By: 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Corporate Office ATTN: Jeffries Owner, Cropland and Pasture Lease Bid: C/O Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 Judy@pifers.com Auction Note: This land will be presented as six parcels. Written bids will be accepted until 4:00 p.m. (MT) and 5:00 p.m. (CT) on Friday, February 8, 2019. Bidding will be based on cropland acres. Bidders may bid on one or more parcels or all parcels combined. Highest written bids will have an opportunity to orally raise their bid on Monday, February 11, 2019 at 10:00 a.m. (CT) by phone. This property features 263.88 +/- cropland acres in Morton County and 837.1 +/- cropland acres in Grant County. The average Soil Productivity Indexes (SPI) range from 59.5 up to 70.2 indicating excellent cropland in this area. Grant County parcels are adjacent, creating for farming efficiencies. 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: All land East of 68th St. NW¼ 23-139-89 West Morton Township, Morton County, ND Cropland Acres: 124.45 +/- Soil Productivity Index: 66.7 Parcel Note: This field was planted to wheat in 2018 and has an excellent soil productivity with 40% of the soils ranging from 81 to 93. Driving Directions: At the intersection of Hwy. #49 and 66th Ave. on the west side of Glen Ullin, proceed west to the intersection of 68th Ave., turn north, drive 2 ½ miles on 68th Ave. arriving on the SW corner of the property and on north side of existing farmstead (not included). Parcel 2: Legal: NE¼ 30-139-88 West Morton Township, Morton County, ND Cropland Acres: 139.43 +/- Soil Productivity Index: 59.5 Parcel Note: Over 50% of the field has Belfield-Daglum complex soil with 2 percent slope for good drainage to the creek. Wheat was planted in 2018. Driving Directions: At the intersection of E South Ave. and 65th Ave. on the east side of Glen Ullin, proceed north ½ mile on 68th Ave. arriving on the SE corner of the property. Parcel 3: Legal: SE¼ 7-137-88 West Grant Township, Grant County, ND Cropland Acres: 110.56 +/- Soil Productivity Index: 70.2 Parcel Note: Over 67% of this parcel is 76 to 97 SPI. A natural creek runs through the quarter for excellent drainage on gently rolling land. Wheat was planted in 2018. Driving Directions: On the west side of Glen Ullin on Hwy. #49, proceed south for 8 ¾ miles to the intersection of 50th St. SW. Turn east unto 50th St. SW, drive 1 ½ miles arriving at the SW corner of this property. Parcel 4: Legal: NW¼ 17-137-88 West Grant Township, Grant County, ND Cropland Acres: 118.02 +/- Soil Productivity Index: 70.5 Parcel Note: The natural creek from Parcel 3 continues through this parcel. Excellent SPI of 82 to 87 over 65% of the acreage. Wheat was planted in 2018. Driving Directions: On the west side of Glen Ullin on Hwy. #49, proceed south for 8 ¾ miles to the intersection of 50th St. SW. Turn east unto 50th St. SW, drive 2 miles arriving at the NW corner of section 17. Parcel 5: Legal: E½NW¼, N½NE¼SW¼, NE¼, E½SE¼ 18-137-88 West Grant Township, Grant County Cropland Acres: 303.13 +/- Soil Productivity Index: 65.2 Parcel Note: Over 76% of these acres have SPI’s of 82 to 88. A natural creek runs through the quarter for excellent drainage. Wheat was planted in 2018. Driving Directions: On the west side of Glen Ullin on Hwy. #49, proceed south for 8 ¾ miles to the intersection of 50th St. SW. Turn east unto 50th St. SW, drive 2 miles arriving at the NE corner of section 18. Parcel 6: Legal: E ½ 19-137-88 West Grant Township, Grant County, ND Cropland Acres: 307 +/- Soil Productivity Index: 58 Parcel Note: This parcel has been farmed through the quarter line making it a mile-long field. The gentle rolling hills provides drainage to an established grass water way. This parcel has over 62% of its acres in the 63 to 97 SPI range. Driving Directions: On the west side of Glen Ullin on Hwy. #49, proceed south for 10 ¾ miles to the intersection of 52nd St. SW. Turn east unto 52nd St. SW, continue 2 miles to the intersection of 65th Ave. SW arriving at the SE corner of this property and a field road to leading the north side of Section 19. OWNER: Timothy Jeffries Bidding Procedure: All written bids must be received before 4:00 p.m. (MT) and 5:00 p.m. (CT) on Friday, February 8, 2019. 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 Land Management. Oral bidding on Monday, February 11, 2019 at 9:00 p.m. (MT) and 10:00 a.m. (CT). Winning bid will receive a rental contract and will be required to return it to Pifer’s on or before February 15, 2019 along with a letter of good-standing from their lending institution. Liability insurance is required. Bidders are bidding on a 3-year rental contract for the cropland. The agreement will begin at the signing of the contract and terminate on December 31, 2021. Annual rent will be due on or before February 15th each year of the agreement. 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: Jefferies Lease, c/o Judy Nohrenberg 1506 29th Ave. S Moorhead, MN 56560 Fax: 218.477.1969 Judy@pifers.com

LAND LEASE AUCTION: 665.47 +/- Acres - Stutsman County, ND

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LAND LEASE AUCTION: 665.47 +/- Acres - Stutsman County, ND

Auction Location:

Auction Note

WRITTEN BID AUCTION 665.47+/- Cropland Acres Stutsman County, ND Friday, February 8, 2019 – 5:00 p.m. (CT) Written Bids Due By: Friday, February 8, 2019 – 5:00 p.m. (CT) Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Judy Nohrenberg c/o Rick & Joan Kramlich Land Lease 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 judy@pifers.com (bid forms are available for download above) Auction Note: This land will be presented as 5 parcels. Written bids will be accepted until 5:00 pm on Friday, February 8, 2019. Bidding will be based on cropland acres. Bidder may bid on one or more parcels or all parcels combined. Highest written bids will have an opportunity to orally raise their bid on Monday, February 11, 2019 at 9:00 am (CT) by phone. Bidding will be on a 3-year contract. The successful bidder will have possession starting on the date of lease signing. Bids will be submitted on an annual dollar per acre basis. This property features 665.47 +/- cropland acres, with highly productive soils with Soil Productivity Indexes (SPI) ranging from 56.7 to 70.7. FSA Crop Acreage Bases of 519.1 acres represents 78% of the cropland. All parcels have good township road access. Contact: Judy Nohrenberg at 701.269.1503 (Judy@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: Parcel 1: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE, turn west, continue 2 miles to the intersection 90th Ave. SE, turn north, proceed on 90th Ave. SE for a ½ mile. This will bring you to the NE corner of Parcel 1. Parcel 2: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go 2 miles west on 11th St. SE. to 90th Ave. SE. This will bring you at the NE corner of Parcel 2. Parcel 3: From Courtenay, ND travel north on Hwy #20 approximately 2.5 to 11th St. SE. Turn west and drive 2 miles to 90th Ave. SE. Turn north on 90th Ave. SE and proceed 2 miles to 9th St. SE. Go east 1 mile on 9th Ave. SE to 91st Ave. SE. Go south on 91st Ave. SE for less than ½ mile. This will bring you at the NE corner of Parcel 3. Parcel 4: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go west 2 miles to 90th. Ave SE. Go north 2 miles to 9th St. SE. Go east 1 mile to 91st Ave. SE. Go south on 91st Ave. SE for 1 mile. This will bring you at the NE corner of Parcel 4. Parcel 5: From Courtenay, ND travel north on Hwy #20 approximately 2.5 miles to 11th St. SE. Go west 2 miles to 90th Ave. SE. Go north 2 miles to 9th St. SE. Go east, 1 mile to 91st Ave. SE. Go south on 91st Ave. SE for 1 mile. this will bring you at the NW corner of Parcel 5. Property Information: Base Acres & Yields - All Parcels Combined Parcel 1: Cropland Acres: 144.0 +/- Legal: NE¼ 25-144-63 (Nogosek Township) Soil Productivity Index: 66.8 This field was planted to corn in 2018 and has an excellent SPI with 46% of the soils ranging from 69 to 85. Parcel 2: Cropland Acres: 142.14 +/- Legal: NE¼ 36-144-63 (Nogosek Township) Soil Productivity Index: 63.6 The majority of this parcel was planted to corn in 2018 with a small field of wheat along the east side. This parcel features excellent soils with 40% of the acres having a 75 to 85 SPI. There is good gravel road access to this parcel from Hwy #20. There is a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions. Parcel 3: Cropland Acres: 140.54 +/- Legal: S20 acres NE¼ and SE¼ 19-144-62 (Corinne Township) Soil Productivity Index: 58 This parcel was planted to wheat and corn in 2018. The SPI has 28% of the soils ranging from 69 to 77. The 20 acres in the NE½ has a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions. Parcel 4: Cropland Acres: 121.55 +/- Legal: NE¼ 30-144-62 (Corinne Township) Soil Productivity Index: 56.9 This parcel was planted to corn in 2018. Over 64% of the acres have an SPI ranging from 69 to 85. There is a US Fish & Wildlife Wetland Easement allowing wetlands to be cropped under natural conditions. Parcel 5: Cropland Acres: 117.24 +/- Legal: NW¼ 29-144-62 (Corinne Township) Soil Productivity Index: 70.9 This parcel was planted to corn in 2018 and features an excellent SPI with 64% of the acres ranging from 69 to 85. There is a US Fish & Wildlife easement allowing wetlands to be cropped under natural conditions. LANDOWNERS: Rick & Joan Kramlich Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on February 8, 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 Monday, February 11, 2019, at 9:00 am (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 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2021. 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: Attn: Judy Nohrenberg c/o Rick & Joan Kramlich Land Lease 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 judy@pifers.com

WRITTEN BID: 1,224.26 +/- Crop & Pasture Acres - Logan County, ND

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WRITTEN BID: 1,224.26 +/- Crop & Pasture Acres - Logan County, ND

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WRITTEN BID AUCTION 1,224.26 +/- Crop & Pasture Acres - Logan County, ND Friday, March 8, 2019 – 5:00 p.m. (CT) Written Bids Due: Friday, March 8, 2019 – before 5:00 p.m. (CT) Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Dwight Hofland C/o: Markus & Luella Wangler Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com (bid forms are available for download above) Auction Note: This land is offered in 9 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, March 8, 2019. Bidding will be based on dollar amount per acre for parcels 2 through 8. Parcel 1 will be on a lump sum amount. Highest written bids will have an opportunity to orally raise their bid on Tuesday, March 12, 2019 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. All bids must be accompanied by a three-year farming/stewardship plan and a letter of Good Standing from their financial institution. 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. Parcel 1 (Johannesdale Township) Legal: Part of the SW ¼ Section 5-133-71 Farmstead: 20 +/- Parcel Note: This parcel is the main farmstead. This parcel will be bid on a lump sum amount. This includes a single-family home built in 2014 with 6 bedrooms and 3 baths, 1680 sq. ft with an attached 3 car garage, 60x80 heated garage, two Quonsets and multiple outbuildings and grain storage. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 7 ½ miles. This will place you at the driveway to the main farm and the center of this parcel. Parcel 2 (Johannesdale Township) Legal: W ½ less the pasture and farmstead 5 -133-71 Cropland Acres: 231.45 +/- Productivity Index: 65.5 Parcel Note: This parcel has approximately 116 +/- acres with a Soil Productivity Index (SPI) of 68 or higher. An excellent parcel with great access directly off 73rd St. SE. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 7 ½ miles. This will place you at the driveway to the main farm and the center of this parcel. Parcel 3 (Johannesdale Township) Legal: E½ SE¼ & NW¼ SE ¼ 6-133-71 Cropland Acres: 116.64 +/- Productivity Index: 64.9 Parcel Note: This parcel has 52% Soils Productivity Indexes (SPI) higher than 72 PI with excellent drainage and field access. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 7 miles to 73rd St. SE. Turn west and this will place you at the southeast corner of the property. Parcel 4 (Johannesdale Township) Legal: W½ SW¼ , SE¼ SW¼, SW¼ NW¼ 8-133-71 Pasture Acres: 156.72 +/- Parcel Note: This parcel is an excellent pasture with good fences, water and access directly off 73rd St. SE. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 6 ½ miles. This will place you at the northeast entrance of the property. Parcel 5 (Hills Township) Legal: NW¼ 13-133-72 Cropland Acres: 160.91 +/- Productivity Index: 81.6 Parcel Note: This parcel has approximately 160.91 +/- acres of highly productive land with Williams-Bowbells and Arnegard Loam soils throughout the entire parcel. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Highway 13 to 35th Ave. SE, turn north and proceed approximately 5 miles. Turn west on 75th St. SE and proceed west approximately two miles to 35th Ave. SE, turn north and proceed ½ mile. This will place you at the southeast corner of the property. Parcel 6 (Hills Township) Legal: SE¼ 13-133-72 Cropland Acres: 156.74 +/- Productivity Index: 63.1 Parcel Note: This parcel has approximately 44% of this parcel consisting of Williams-Bowbells Loam soils with a productivity index up to 86 with excellent access. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 5 miles. Turn west on 75th St. SE and proceed west approximately one mile This will place you at the southeast corner of the property. Parcel 7 (Hills Township) Legal: E½ NE¼, NW¼ NE¼, NE¼ NW¼ 24-133-72 Cropland Acres: 156.73 +/- Productivity Index: 70.3 Parcel Note: Another highly productive parcel, excellent access and both 80 +/- acre parcels are farmed as one field. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 5 miles. Turn west on 75th St. SE and proceed west approximately one mile This will place you at the northeast corner of the property, directly across from parcel 4. Parcel 8 (Johannesdale Township) Legal: NW¼ 19-133-71 Cropland Acres: 152.43 +/- Productivity Index: 79.8 Parcel Note: Excellent crop ground with great access and highly productive soils consisting of Williams- Bowbells loams. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 5 miles. Turn west on 75th St. SE and proceed west approximately one mile This will place you at the northwest corner of the property, directly east from parcel 5. Parcel 9 (Johannesdale Township) Legal: S½ SE¼ 29-133-71 Cropland Acres: 80.64 +/- Productivity Index: 55.1 Parcel Note: Excellent crop ground with great access and highly productive soils consisting of Williams- Bowbells loams. Driving Directions: From Wishek, North Dakota, drive approximately three miles west on Hwy. #13 to 35th Ave. SE, turn north and proceed approximately 3 miles. Turn east on 77th St. SE and proceed east approximately ½ mile This will place you at the southwest corner of the property. OWNERS: Markus & Luella Wangler Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, March 8, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a three-year farming plan, including but not limited to, crop rotation and normal chemical application. These stewardship/farming plans are important to the land owner (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 on Tuesday March 12, 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 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2021 or when fall tillage is completed whichever is the earliest. Annual rent will be due on or before March 1st 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: Dwight Hofland: Markus & Luella Wangler Land Lease Auction 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: dhofland@pifers.com

WRITTEN BID LEASE: 3,273.6 +/- Cropland Acres, Bin Site and Dryer & Farmstead - Benson and Ramsey Counties, ND

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WRITTEN BID LEASE: 3,273.6 +/- Cropland Acres, Bin Site and Dryer & Farmstead - Benson and Ramsey Counties, ND

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Auction Note

WRITTEN BID LEASE AUCTION 3,273.6 +/- Cropland Acres, Bin Site and Dryer & Farmstead - Benson and Ramsey Counties, ND Written Bids Due By: Friday, October 11, 2019 – 5:00 p.m. (CT) Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Ryan Martinson: Studness Properties, LLP 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rmartinson@pifers.com (bid forms are available for download above) Auction Note: This farm has been in the Studness family for generations and is being offered for lease for the 2020-2021 crop seasons. This farm has excellent soils, drainage, a high cropping yield and an established minimal tillage farming practice history. This farm, in north central North Dakota, consistently has strong and established yields. Included in this offering is an updated 19.6 acre farmstead and residence next to Hwy. #281, a 10 acre modern bin site with storage capacity of 355,000 bushels, a dryer and a 54’ x 120’ machine shed. The highest written bids will have an opportunity to orally raise their bid on Monday, October 14, 2019 at 9:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. The successful bidder will have possession starting on or before January 1, 2020. Bids will be submitted on an annual dollar per acre basis. Contact: Ryan Martinson at 701.640.4735 or rmartinson@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). Parcel 1a: Legal: NW1/4, Lots 6-10 in 11-155-67; NW1/4NW1/4 14-155-67; E1/2 10-155-67 & SE1/4 3-155-67, Normania Township, Benson County, ND. Crop Acres: 529 +/- Parcel Note: This parcel has an excellent Soil Productivity Index (SPI) and a strong cropping history of wheat, soybeans. Parcel 1b: Legal: S1/2NE1/4, SE1/4 less W 375’, SE1/4NW1/4 & part of SE1/4SW1/4 6-155-66, Coulee Township, Ramsey County, ND. Crop Acres: 50 +/- Parcel Note: This parcel has an excellent SPI perfectly suited for wheat and soybeans. Parcel 2: Legal: NW1/4 27-155-67, Normania Township, Benson County, ND. Crop Acres: 133 +/- Parcel Note: This parcel has an excellent SPI number with a strong cropping history of wheat and soybeans. Parcel 3: Legal: W1/2 16-155-67 & W1/2 21-155-67, Normania Township, Benson County, ND. Cropland Acres: 589 +/- Parcel Note: This parcel has excellent organic matter and a strong SPI. Parcel 4: Legal: E1/2 12-155-68, Lake Ibsen Township, Benson County, ND. Cropland Acres: 263 +/- Parcel Note: Prime cropland with great access, and a strong cropping history of wheat, soybeans, barley and canola. Parcel 5a: Legal: S1/2 5-155-67, Normania Township, Benson County, ND. Cropland Acres: 282 +/- Parcel Note: This is an excellent parcel with great access off US Hwy. #281. Parcel 5b: Legal: SE1/4 5-155-67, Normania Township, Benson County, ND. Farmstead Acres: 19.6 +/- Parcel Note: This parcel is being offered with a modern ranch style home and Quonset, directly adjacent to US Hwy. #281. Parcel 6: Legal: 7-155-67, Normania Township, Benson County, ND. Cropland Acres: 508 +/- Parcel Note: This diversified parcel has a strong cropping history of wheat, soybeans, barley and canola. Additionally, the topography offers great drainage. Parcel 7: Legal: NW1/4 17-155-67 & NE1/4, N1/2SE1/4 18-155-67, Normania Township, Benson County, ND. Cropland Acres: 324 +/- Parcel Note: This diversified parcel has a strong cropping history of wheat and soybeans. Excellent access to both units off main gravel roads. Parcel 8a: Legal: 8-155-67 less 10-acre bin site, Normania Township, Benson County, ND. Cropland Acres: 566 +/- Parcel Note: This diversified parcel features a 7-tower pivot and holding pond for irrigation. Excellent access off US Hwy. #281 and a strong cropping history of wheat and soybeans. Access road to the bin site will be granted to Parcel 8b. Parcel 8b: Legal: 10 acres within 8-155-67, Normania Township, Benson County, ND. Bin Site Acres: 10 +/- Parcel Note: This unique and well-designed piece consists of a 54' x 120' storage building with office, grain storage of 355,000 bushels with fans, and a propane grain dryer in 17 different grain bins. This will make an excellent staging and operation base for a new operator. Access road to the bin site will be granted by Parcel 8a operator. OWNER: Studness Properties, LLP Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on October 11, 2019. Written bids will be submitted on an annual per acre basis. All written bids must be accompanied with a two-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 land owner (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 on Monday, October 14, 2019 at 9:00 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 at the signing of the contract and terminate December 31, 2021. 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: Ryan Martinson: Studness Trust Agreement 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 rmartinson@pifers.com

LAND LEASE AUCTION: 1,500 +/- Acres - Pope County, MN

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LAND LEASE AUCTION: 1,500 +/- Acres - Pope County, MN

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LAND LEASE AUCTION 1,500 +/- Acres - Pope County, MN Monday, December 9, 2019 – 10:00 a.m. (CT) Auction Location: Lakeside Ballroom: 180 Lakeshore Dr. N - Glenwood, MN 56334 Auction Note: This auction features remarkable cropland in Pope County, MN. The land is southwest of Starbuck, MN area. The cropland has been farmed by Jackson Farms and features exceptional soil productivity with a strong cropping history of corn and soybeans. This auction is open to the public! Contact: Ben Tilberg at 715.305.1989 for more information, or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog. Driving Directions: From Starbuck, MN go south on MN Hwy. #29 to County Rd. #18, turn right and proceed west for approximately 3.5 miles. This will place you at the northeast corner of parcel 1. Proceed south on County Rd #18 for 0.25 miles, this will place you at the northwest corner of parcel 2 and parcel 5 is directly south of parcel 2 approximately 0.25 miles. From Parcel 1, proceed east on County Rd. #18 approximately 2 miles, this will place you at the northeast corner of parcel 3. From parcel 3 travel west approximately 1 mile, this will place you at the southwest corner of parcel 4. Parcel 5 joins parcel 2 directly to the south on the east side of County Rd. #18. From parcel 5 and the corner of County Rd. #18 and 230th St, proceed south on 330th Ave. to 240th St., turn east and go approximately .50 mile, turn south on 327th Ave. and travel approximately 1 mile. This will place you at the northwest corner of parcel 6. From the intersection of County Rd. #18 and 230th St., proceed west on County Rd. #18 approximately 5 miles, turn left on 280th Ave., (Twp. Rd. T247) and proceed south 1.25 miles, this will place you at the northwest corner of parcel 7. From the intersection of MN Hwy. #29 and County Rd. #18, proceed south approximately 5.5 miles, this will place you at NW corner of parcel 8, located on the east side of MN Hwy. #29. Parcel 1: Crop Acres: 425.5 +/- Legal: N1/2 EX PT S1/2NE1/4 6-124-39 This parcel has great access off Hwy. #18 and features a Soil Productivity Index (SPI) of 90.7! Parcel 2: Crop Acres: 76.49 +/- Legal: S1/2NW1/4 5-124-39 This parcel has great access off Hwy. #18 and features a SPI of 88! Parcel 3: Crop Acres: 138.41 +/- Legal: NE1/4 less 2.8 +/- acres in SW corner 4-124-39 This parcel has great access off Hwy. #18 and features a SPI of 89! Parcel 4: Crop Acres: 182.19 +/- Legal: SE1/4NW1/4; less farmstead in SW1/4 33-125-39 This parcel has great access off Hwy. #18 & #81 and features a SPI of 88.6! Parcel 5: Crop Acres: 222.85 +/- Legal: SW1/4SE1/4 & N1/2SE1/4 5-124-39 This parcel has great access off Hwy. #18 and features a SPI of 86.9! Parcel 6: Crop Acres: 73.92 +/- Legal: E1/2SW1/4 17-124-39 This parcel has great access off Hwy. #14 and features a SPI of 86.1! Parcel 7: Crop Acres: 256.97 +/- Legal: S1/2NW1/4 & PT SW1/4NE1/4 16-124-40 PT & PT SW1/4, NW1/4NW1/4 21-124-40 This parcel has great access off Township Rd. #247 and features a SPI of 83! This parcel also has 2 irrigation pivots. Parcel 8: Crop Acres: 124.51 +/- Legal: W1/2SW1/4, NE1/4SW1/4 & NW1/4SE1/4 34-124-39 This parcel has excellent access off Hwy. #29 and features a SPI of 84.4! OWNERS: Eldred Jackson Trust Agreement 11/9/11 & Darwin K. Jackson

WRITTEN BID LEASE: 1,312.9 +/- Crop, Pasture, Hayland & Farmstead - Logan County, ND

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WRITTEN BID LEASE: 1,312.9 +/- Crop, Pasture, Hayland & Farmstead - Logan County, ND

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WRITTEN BID LEASE AUCTION 1,312.9 +/- Crop, Pasture, Hayland & Farmstead - Logan County, ND Written Bids Due By: Friday, December 6, 2019 – 5:00 p.m. (CT) Mail, Fax or Email Bids to: Pifer’s Auction and Realty Attn: Judy Nohrenberg: Glenn & Dawn Dallman 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 judy@pifers.com (bid forms are available for download above) Auction Note: This property northeast of Lehr, North Dakota features 500.63 +/- excellent cropland acres. All acres were wheat, sorghum/sudan and mixed grass in 2019. The 767.59 +/- pasture acres have excellent grass and water. The 8 +/- acre farmstead has a residence, shop, barns, hay storage and corrals. Excellent access to all areas of this property! Land will be presented as six parcels. Written bids will be accepted until 5:00 p.m. Friday December 6, 2019. Bidding will be based on cropland, pastureland, hayland and farmstead. Bidders may bid on one or more parcels or all parcels combined. Highest written bids will have an opportunity to orally raise their bid on Tuesday December 10, 2019 at 10:00 a.m. (CT) by phone. Bidders may bid on one or more parcels or all parcels combined. The successful bidder will have possession starting on or before January 1, 2020. Bids will be submitted on an annual dollar per acre basis. Contact: Judy Nohrenberg at 701.269.1503, (judy@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). Parcel 1: Legal: SW¼, N½ 7-134-68 Pasture Acres: 488 +/- This property features 488 +/- pastureland acres with highly productive soils. Excellent grass, water and well maintain fences. Parcel 2: Legal: SE¼ 7-134-68 Crop Acres: 113.69 +/- Hay Acres: 30 +/- This property features 113.69 +/- cropland acres with Soil Productivity Index (SPI) of 61.5 and all acres were planted to wheat in 2019. Parcel 3: Legal: N½ 18-134-68 Pasture Acres: 279.9 +/- Crop Acres: 29.21 +/- This property features 279.9 acres of pasture with excellent grass. A spring-fed dugout and well with tire tanks provide good water. 29.21 +/- cropland acres were planted to sorghum forage in 2019. Parcel 3a: Legal: N½ 18-134-68 Farmstead Acres: 8 +/- This property features the farmstead with a residence, shop, barns, corrals and hay fence storage with good driveway access. Parcel 4: Legal: NE¼NW¼, S½NW¼ 17-134-68 Crop Acres: 50.75 +/- Hay Acres: 6.68 +/- This property features 50.75 +/- cropland acres which were planted to wheat in 2019 and 6.68 acres of hayland. Parcel 5: Legal: W½ 20-134-68 Cropland Acres: 306.98 +/- This property features 306.98 +/- cropland acres. During crop year 2019, 110 acres were planted to sorghum/sudan for forage. 196.97 acres are grass and will be required to be converted to active cropland for planting in the spring of 2020. OWNER: Glenn & Dawn Dallman Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on December 6, 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, December 10, 2019, at 10:00 (CT). Each Oral Bidder will have the opportunity to bid on each parcel individually as well as all together (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 3-year lease agreement. The agreement will begin at the signing of the contract and terminate December 31, 2022. Annual rent will be due on or before February 15th 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: Judy Nohrenberg (Land Manager): Glenn & Dawn Dallman 1506 29th Ave S Moorhead, MN 56560 FAX: 218-477-1969 Judy@pifers.com

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LAND LEASE AUCTION: 1,217.29 +/- Cropland Acres - Cass County, ND

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LAND LEASE AUCTION: Cropland - 620.67 +/- Acres & Pasture - 287.26 +/- Acres - Morton County, ND

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LAND LEASE AUCTION: 2,993.15 +/- Cropland & Hayland Acres - Bowman & Slope Counties, ND

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LAND LEASE AUCTION: 1,384.75 +/- Cropland Acres - Cass County, ND

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LAND LEASE AUCTION: 837.1 +/- Acres – Grant County, ND & 263.88 +/- Acres – Morton County, ND

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LAND LEASE AUCTION: 665.47 +/- Acres - Stutsman County, ND

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WRITTEN BID: 1,224.26 +/- Crop & Pasture Acres - Logan County, ND

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WRITTEN BID LEASE: 3,273.6 +/- Cropland Acres, Bin Site and Dryer & Farmstead - Benson and Ramsey Counties, ND

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LAND LEASE AUCTION: 1,500 +/- Acres - Pope County, MN

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WRITTEN BID LEASE: 1,312.9 +/- Crop, Pasture, Hayland & Farmstead - Logan County, ND

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