Moorhead, MNClay County

LAND AUCTION

131 Acres – Cass County, ND

320 Acres – Burleigh County, ND

Written Bids Due: Thursday, October 16, 2008 at Noon

Oral Bidding: Tuesday, October 21, 2008 – 2:00 p.m.

Send Written Bids to:

Pifer’s Auction & Realty

1510 29th Ave South

Moorhead, MN 56560

Auction Note: This property is very productive Red River Valley farmland. The tillable acres are under an existing lease for 2008 and will be available after 2008 crop is harvested. CRP consists of 78.7 acres and balance of property is made up of 5 row shelterbelt located on the south side of property. This property has a very good productivity (PI) of 78. This property has tremendous hunting for deer, pheasant, grouse, turkey, ducks & geese. CRP land is nicely complemented by shelterbelts, water and crop acres. The property is adjacent to additional CRP and is located only 40 minutes from Fargo-Moorhead.

Property Description:

Acres: 131 +/-

Legal: NW ¼ 8: 140-55 less 28.8 acres located in SW ¼ of property

FSA Crop Acres: 46.1 acres

CRP Acres: 78.7 aces

78.7 ac. at $56.97/ac. -Annually - $4,484 – Exp. 9/30/2013.

Taxes: $822.00 or $6.27/acre

Lyle & Margaret Heinle, Owners