Pifer s. 1, /- Acres Clay County, MN. Written Bid. Land For Lease. WRITTEN BIDS DUE BEFORE: Friday, January 19, :00 p.m.

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1,666.53 +/- Acres Clay County, MN Written Bid Land For Lease WRITTEN BIDS DUE BEFORE: Friday, January 19, 2018 5:00 p.m. OWNER: Hogetvedt Family Rev Trust STOCK PHOTO

General Information Land Lease Auction Auction Note: Land is offered 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 es between 86.8 to 91.4! Driving Directions Parcel 1: 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: 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: 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: 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. 32 Ulen, MN 270th St. N 5 200th Ave. N 6 4 7 42 34 Parcel 5: 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: 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. 1 2 3 112 130th Ave. N Parcel 7: 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. Contact: Paul Butenhoff Cell: 701.371.1426 paulb@pifers.com 32 Hitterdal, MN 1506 29th Ave S. - Moorhead, MN 56560

Parcel 1 Cropland: 147.53 +/- Legal: SE¼ Section 9-141-44 in Goose Prairie, Clay County, MN 903B Hokans-Buse complex, 2 to 6 percent slopes 116.04 78.7% IIe 89 33B Hokans-Svea complex, 1 to 4 percent slopes 15.66 10.6% IIe 96 58B Kittson loam, 1 to 5 percent slopes 5.97 4.0% IIe 99 145 494 Darnen loam, 1 to 6 percent slopes 5.66 3.8% IIe 99 942C2 Langhei-Barnes, moderately eroded, complex, 6 to 12 percent slopes 4.20 2.8% IVe 74 Corn STOCK PHOTO Weighted Average 90.1 5.9 info@pifers.com

General Parcel 2 Information Cropland: 157.72 +/- Legal: NE¼ & 17.04 acres in E½NW¼ Section 10-141-44 in Goose Prairie Township, Clay County, MN 903B Hokans-Buse complex, 2 to 6 percent slopes 95.58 60.6% IIe 89 236 Vallers clay loam, 0 to 2 percent slopes 30.62 19.4% IIw 90 184B Balaton-Hamerly complex, 1 to 4 percent slopes 28.93 18.3% IIs 89 1055 Quam, Cathro, and Urness soils, frequently ponded, 0 to 1 percent slopes 2.38 1.5% VIIIw 5 1506 29th Ave S. - Moorhead, MN 56560 58B Kittson loam, 1 to 5 percent slopes 0.21 0.1% IIe 99 145 Weighted Average 87.9 0.2 Corn

Parcel 3 Cropland: 221.57 +/- Legal: NW¼ Section 2-141-44 & W½SE¼ Section 3-141-44 in Goose Prairie Township, Clay County, MN Irr Class *c 184B Balaton-Hamerly complex, 1 to 4 percent slopes 119.92 56.4% IIs 89 903B Hokans-Buse complex, 2 to 6 percent slopes 65.66 30.9% IIe 89 58B Kittson loam, 1 to 5 percent slopes 9.20 4.3% IIe 99 145 33B Hokans-Svea complex, 1 to 4 percent slopes 7.80 3.7% IIe 96 127B Sverdrup sandy loam, 2 to 6 percent slopes 5.53 2.6% IIIe 49 413 Osakis loam, 0 to 2 percent slopes 3.37 1.6% IIIs IIIs 45 1055 Quam, Cathro, and Urness soils, frequently ponded, 0 to 1 percent slopes 0.82 0.4% VIIIw 5 I849A Kittson fine sandy loam, wet, 0 to 2 percent slopes 0.51 0.2% IIc 100 Corn STOCK PHOTO Weighted Average 87.7 6.3 info@pifers.com

General Parcel 4 Information Cropland: 309.58 +/- Legal: NE¼ & SE¼NW¼ Less 17.63 Acres Section 34-142-44 & W½NW¼ Section 35-142-44 in Ulen Township, Clay County, MN 1506 29th Ave S. - Moorhead, MN 56560 184B Balaton-Hamerly complex, 1 to 4 percent slopes 173.72 53.1% IIs 89 903B Hokans-Buse complex, 2 to 6 percent slopes 55.12 16.9% IIe 89 33B Hokans-Svea complex, 1 to 4 percent slopes 38.98 11.9% IIe 96 1006 Fluvaquents-Haploborolls complex 20.23 6.2% 5 942C2 Langhei-Barnes, moderately eroded, complex, 6 to 12 percent 14.86 4.5% IVe 74 slopes 58B Kittson loam, 1 to 5 percent slopes 11.85 3.6% IIe 99 145 236 Vallers clay loam, 0 to 2 percent slopes 6.33 1.9% IIw 90 33C2 Barnes-Buse complex, 6 to 12 percent slopes, moderately eroded 5.68 1.7% IIIe 76 127C Sverdrup sandy loam, 6 to 12 percent slopes 0.34 0.1% IVe 40 Weighted Average 84.1 5.3 Corn

Parcel 5 Cropland: 193.96 +/- Legal: SE¼NE¼ & SE¼ less farmstead Section 27-142-44 and SW¼NW¼ Section 26-142-44 in Ulen Township, Clay County, MN Irr Class *c 33B Hokans-Sveacomplex, 1 to 4 percent slopes 84.50 43.8% IIe 96 58B Kittson loam, 1 to 5 percent slopes 41.66 21.6% IIe 99 145 903B Hokans-Buse complex, 2 to 6 percent slopes 17.67 9.2% IIe 89 I170A Swenoda loam, 0 to 3 percent slopes 11.21 5.8% IIIe 95 36 Lakepark-Parnell, occasionally ponded, complex, 0 to 2 7.95 4.1% IIw 92 percent slopes 127B Sverdrup sandy loam, 2 to 6 percent slopes 7.57 3.9% IIIe 49 184B Balaton-Hamerly complex, 1 to 4 percent slopes 7.27 3.8% IIs 89 942C2 Langhei-Barnes, moderately eroded, complex, 6 to 12 4.77 2.5% IVe 74 percent slopes 180B Gonvick loam, 1 to 4 percent slopes 3.89 2.0% Iw 98 258B Sandberg sandy loam, 1 to 6 percent slopes 3.85 2.0% IVs IVs 32 33C2 Barnes-Buse complex, 6 to 12 percent slopes, moderately eroded 1.71 0.9% IIIe 76 1006 Fluvaquents-Haploborolls complex 0.71 0.4% 5 Weighted Average 91.4 31.3 Corn info@pifers.com

Parcel 6 Cropland: 314.83 +/- Legal: E½ Section 11-142-44 in Ulen Township, Clay County, MN 236 Vallers clay loam, 0 to 2 percent slopes 181.36 57.9% IIw 90 184B Balaton-Hamerly complex, 1 to 4 percent slopes 132.13 42.1% IIs 89 Weighted Average 89.6 1506 29th Ave S. - Moorhead, MN 56560

Parcel 7 Cropland: 321.34 +/- Legal: W½ Section 12-142-44 in Ulen Township, Clay County, MN 236 Vallers clay loam, 0 to 2 percent slopes 166.11 51.7% IIw 90 184B Balaton-Hamerly complex, 1 to 4 percent slopes 144.42 44.9% IIs 89 344 Quam silty clay loam, occasionally ponded, 0 to 1 percent slopes 6.22 1.9% IIIw 88 I716A Arveson clay loam, 0 to 1 percent slopes 4.12 1.3% IIIw 74 I699A Rockwell loam, 0 to 1 percent slopes 0.24 0.1% IIw 87 I849A Kittson fine sandy loam, wet, 0 to 2 percent slopes 0.23 0.1% IIc 100 Weighted Average 89.3 info@pifers.com

Aerial View of Parcels 6 7 1 4 2 5 3 1506 29th Ave S. - Moorhead, MN 56560

STOCK PHOTO STOCK PHOTO info@pifers.com

TEAR/CUT HERE Land Lease Clay County Bidder Form PROSPECTIVE BIDDERS MUST READ THIS IMPORTANT INFORMATION! Bidding Procedure and Terms/Conditions Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. (CT) on Friday, January 19, 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 Auction & Realty. Oral Bidding will be on Monday, January 22, 2018 at 10:00 a.m. (CT). 4 - 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. 5 - Winning bidder will (upon Landowner acceptance) receive a lease agreement and will be required to return a signed copy to on or before February 2, 2018. 6 - Bidders are bidding on a 2-year lease agreement. The agreement will begin on January 1, 2018 and terminate on December 31, 2019. 7 - Annual rent will be due on or before March 15th each year of the lease agreement. 8 - Top Bidder needs to provide a letter of good standing from their financial instuition. 9 - The Landowner reserves the right to reject or accept any and all bids. 10 - All statements made the day of the Oral Bidding take precedence over all printed materials. Mail, Email or Fax this Bid Form to: Land Management ATTN: Hogetvedt Family Rev Trust, Land Lease, c/o Paul Butenhoff 1506 29th Ave S. Moorhead, MN 56560 Fax: 218.477.1969 paulb@pifers.com Parcel Parcel 1: 147.53 +/- Parcel 2: 157.72 +/- Parcel 3: 221.57 +/- Parcel 4: 309.58 +/- Parcel 5: 193.96 +/- Parcel 6: 314.83 +/- Parcel 7: 321.34 +/- Name: Address: City: State: Zip Phone: I understand & agree to all the terms & conditions for this sale. $ Per Acre Signature: Paul Butenhoff 701.371.1426