Steele, NDKidder County

Land Auction

1,843 Acres – 7 parcels – Kidder County, ND

Monday, October 26th, 2009 – 3:00 p.m.

Auction Location: Lone Steer - Steele, ND

Auction Note: A total of 1,843 acres are being offered in 7 parcels. This a very diverse offering with 321.41 acres of tillable land, 471 acres of CRP, a farmstead headquarters, with the balance pasture land, hay land, wetlands and hunting land. This area has a good reputation of producing excellent grazing grass. The picturesque setting of the headquarters and the quality fences make this a great ranching opportunity. This is in the heart of waterfowl country with many wetlands. The upland bird hunting and deer hunting opportunities are also tremendous.

Driving Directions: From the intersection of Hwy 36 and CR 71 6 miles east of Robinson, ND go 4.5 miles north to the driveway to the headquarters. Parcel 7 is 3.5 miles north of Hwy 36 on Hwy 3.

Parcel Information:

Parcel 1:

Acres: 298.5 +/-

FSA Crop land: 225.2

CRP Acres: 218.3

CRP Payment: 73.1 acres at $24/ac expires 9-30-2012

73.7 acres at $24/ac expires 9-30-2012

71.5 acres at $24/ac expires 9-30-2012

Total: 218.3 acres, Payments $5,239.20 per year.

Legal: Part of the E1/2 11-143-71

2008 Taxes: $797.34

Note: This parcel features 218.3 acres of CRP. This parcel also has tremendous waterfowl and upland bird habitat. This parcel is subject to wetland and grassland easements.

Parcel 2:

Acres: 160 +/-

FSA Tillable: 110.31 +/-

Legal: NE ¼ 14-143-71

2008 Taxes: $408.25

Note: This parcel features 110.3 acres of cropland currently in alfalfa with the balance in grass and wetlands. This parcel is subject to wetland easements.

Parcel 3:

Acres: 317.49

FSA Tillable: 124.8

CRP Info: 124.8 at 24.30/ac = $3,033/yr expires 09-30-2012

Legal: SE1/4 15-143-71 less 2.51 R/W; SW1/4 15-143-71

2008 Taxes: $810.59

Note: This parcel features a farm headquarters including a rambler home, garage, pole shed, grain bins, and approximately 140 acres of pasture land and 124.8 acres of CRP. The SE ¼ of Section 15 excluding the farmstead area is subject to a wetland and grassland easement.

Parcel 4:

Acres: 158.75 +/-

FSA Tillable: 90.7 acres

Legal: S1/2 S1/2 22-143-71

2008 Taxes: $427.41

Note: This property features 90.7 acres of cropland with the balance pasture land. An old farmstead with a well is located in the south central portion of the parcel.

Parcel 5:

Acres: 160 +/-

FSA Tillable: 120.4 +/-

Legal: NW 1/4 24-143-71

2008 Taxes: $452.47

Note: This parcel features 120.4 acres of crop land with the balance wetlands. This parcel is subject to a wetland easement.

Parcel 6:

Acres: 160 +/-

FSA Tillable: 127.9

CRP Info: 127.9 at $26.80/ac = $3,428 expires 9-30-2012

Legal: SW1/4 24-143-71

2008 Taxes: $477.51

Note: This parcel features 127.9 acres of CRP with excellent habitat for waterfowl and upland birds.

Parcel 7:

Acres: 588.29

Legal: S1/2 18 & N1/2 19 143-71

2008 Taxes: $1,639.62

Note: This parcel features excellent scenic pasture land with great access on Hwy 3. This parcel is subject to wetland and grassland easements (S1/2 18 Grassland only and N1/2 19 Grassland and wetland).

Scarlett Palm & James Stimac, Owners