UNITED STATES 

DISTRICT COURT

DISTRICT OF SOUTH DAKOTA

SOUTHERN DIVISION

COMPEER FINANCIAL, PCA,

Plaintiff,

v.

SUNWOLD FARMS, INC., 

SUNTERRA FARMS IOWA, INC. and LARIAGRA FARMS SOUTH, INC.,

Defendants,

PVC MANAGEMENT II, LLC, d/b/a PIPESTONE MANAGEMENT,

Receiver,

THE PORK GROUP, INC. AND TYSON FRESH MEATS, INC.,

Intervenors

4:25-cv-04044

NOTICE OF PRIVATE SALE AND HEARING RELATED THERETO

PLEASE TAKE NOTICE that on May 14, 2025, PVC Management II, LLC, doing business as Pipestone Management (“Receiver”), as receiver for SUNWOLD FARMS, INC., SUNTERRA FARMS IOWA, INC. and LARIAGRA FARMS SOUTH, INC. (collectively, the Debtors”) filed a Motion to Authorize Private Sale [Doc. 66] (the “Sale Motion”) and supporting brief [Doc. 67] and form of proposed order [Doc. 69]  seeking approval of the sale of substantially all assets of the Debtors, including without limitation the Debtors’ rights under certain barn agreements (collectively the “Purchased Assets”), to THE PORK GROUP, INC. (the “Purchaser”).

PLEASE TAKE FURTHER NOTICE that the sale of the Purchased Assets to the Purchaser will be free and clear of all liens, claims, encumbrances, and other interests, and free and clear of any successor liability or similar claims or remedies of any kind.   

PLEASE TAKE FURTHER NOTICE that the Receiver will seek approval of the Transactions at a hearing scheduled to commence on MAY 29, 2025 at 9:00 A.M. prevailing Central timebefore the Honorable Eric C. Schulte at the United States District Court for the District of South Dakota, 400 S. Phillips Ave., Sioux Falls, SD 57104.

PLEASE TAKE FURTHER NOTICE that any written objections to consummation or approval of the Transactions must be filed with the Court and served on the following parties: (i) counsel to the Receiver, Cadwell, Sanford, Deibert and Garry LLP, Attn: James Simko, 200 E 10th St, Suite 200, Sioux Falls, SD 57104, E-mail: jsimko@cadlaw.com; (ii) counsel to the Purchaser, Bradley, Arant, Boult and Cummings LLP, 1819 Fifth Avenue North, Birmingham, AL 35203, Attn: Edward S. Sledge, IV and James B. Bailey, Email: esledge@bradley.com, jbailey@bradley.com, May, Adam, Gerdes and Thompson LLP, 503 South Pierre Street, Pierre, SD 57501, Attn: Justin L. Bell, Email: jlb@mayadam.net; and (iii) counsel to Compeer Financial, PCA, Gislason and Hunter LLP, Suite 200, 124 East Walnut Street, PO Box 1268, Mankato, MN 56002, Attn: Jennifer G. Lurken and Rick J. Halbur, Email: jlurken@gislason.com, rhalbur@gislason.com.

Copies of the Motion and all related exhibits, and any other filings in the above-captioned action are available on the Court’s CM/ECF website at https://ecf.sdd.uscourts.gov/ (charges may apply) or upon request to counsel to the Receiver, Cadwell, Sanford, Deibert and Garry LLP, Attn: James Simko, 200 E 10th St, Suite 200, Sioux Falls, SD 57104, Email: jsimko@cadlaw.com.

CONSEQUENCES OF FAILING TO TIMELY MAKE AN 

OBJECTION

ANY PARTY OR ENTITY WHO FAILS TO TIMELY MAKE AN OBJECTION TO THE TRANSACTIONS ON OR BEFORE THE HEARING DATE SHALL BE DEEMED TO HAVE CONSENTED TO THE SALE AND TRANSFER OF THE PURCHASED ASSETS TO THE PURCHASER AND SHALL BE FOREVER BARRED FROM ASSERTING ANY OBJECTION TO THE TRANSACTIONS, INCLUDING WITH RESPECT TO THE TRANSFER OF THE TRANSFERRED  ASSETS TO THE PURCHASER FREE AND CLEAR OF SUCCESSOR LIABILITY OF ANY KIND AND ALL LIENS, CLAIMS, ENCUMBRANCES, AND OTHER INTERESTS THAT SUCH PARTY OR ENTITY MAY HAVE AGAINST THE DEBTORS OR THE PURCHASED ASSETS.

Dated this 15th day of May, 2025.

CADWELL, SANFORD 

DEIBERT AND GARRY 

LLP

By /s/ James S. Simko

James S. Simko

Claire E. Wilka

200 East 10th St., Suite 200

Sioux Falls SD 57104

jsimko@cadlaw.com

cwilka@cadlaw.com

(605) 336-0828

Attorneys for Pipestone 

Management II, LLC

Electronically Filed

Published once on May 22, 2025, at the total approximate cost of $48.98 and may be viewed free of charge at www.sdpublicnotices.com.