Upcoming Auctions

79.53± ACRES

Babcock Farm

Walnut Lake Township, Faribault County, Minnesota

Sealed Bid Auction

Friday, September 12, 2025 @ 11:00 a.m.

Location:
Wells Community Center
189 2nd St SE, Wells, MN 56097

Owners: Karen Babcock

Agent Contact: Geoff Mead
Phone: 507.371.6266
Email: geoff@wingertlandservices.com

Download Brochure
Geoff Mead

Geoff Mead

ALC, Licensed Broker

DESCRIPTION:
S 1/2 SW 1/4 Section 15 Township 103 Range 25

TAX ID #:
190150400

REAL ESTATE TAXES:
2025 Estimated Ag Non-Homestead Taxes – $4,413.28
Special Assessment – $1,102.72
Total Estimated Tax & Specials – $5,516.00

Assessment balance of $2,450.94 to be paid by the Seller at closing. 

FSA INFORMATION:
Total Acres – 79.53± acres
FSA Tillable Acres – 74.84± acres
Corn Base Acres – 57.30± acres
Corn PLC Yield – 174.00± bushels
Soybean Base Acres – 17.50± acres
Soybean PLC Yield – 46.00± bushels

Farm is enrolled in ARC County Corn & Soybeans

RENT/LEASE INFORMATION:
Farm is leased through 2025.

SOIL DESCRIPTION:
Canisteo-Glencoe complex, Nicollet clay loam, Clarion loam, Webster clay loam. See Soils Map.

CROP PRODUCTIVITY INDEX (CPI):
94.1 CPI

TOPOGRAPHY:
Level

DRAINAGE:
Some tile present with outlet to CD 20.

 NRCS CLASSIFICATION ON TILLABLE ACRES:
PC/NW – Prior Converted/No Wetlands, Tract does not contain a wetland.
NHEL – No Highly Erodible Lands

OTHER:
Property to be surveyed at Seller’s expense. Contact agent for details.

Disclosure: The property includes an abandoned homestead site located within the tree grove. This site contains an abandoned home and outbuildings which are not in usable condition along with discarded personal property. There is believed to be one or more unsealed wells present on the property. The seller makes no representations regarding the condition, contents, or environmental status of the site. Prospective buyers are encouraged to conduct their own due diligence and are responsible to seal wells and/or dispose of septic tanks per Faribault County regulations.

SEALED BID LOCATION AND TIME:

Wells Community Center
189 2nd St SE
Wells, MN 56097
Friday, September 12, 2025 @ 11:00 a.m.

  1. Only registered bidders may attend. Must be registered prior to auction date. All potential buyers shall complete the online registration form. All potential buyers shall complete registration by 12:00 p.m., Thursday, September 11, 2025. If online registration is not possible, please mail or deliver a sealed bid to be received no later than 12:00 p.m., Thursday, September 11, 2025 to:
    Wingert Land Services
    1160 S. Victory Drive, Ste. 6
    Mankato, MN 56001
  2. The written bid shall state the price per deeded acre to the nearest $100.
  3. All persons submitting a bid will be allowed to raise their bid after all bids have been opened.
  4. The premise described herein will be sold “as is, where is”
  5. Seller shall retain all 2025 lease income and shall pay all real estate taxes and special assessments certified for payment with the real estate taxes due and payable in 2025. Buyer shall be responsible for real estate taxes due and payable in 2026 and thereafter, and any unpaid special assessments payable therewith and thereafter.
  6. The successful bidder or bidders will enter into a Purchase Agreement and shall pay as earnest money 10% of the successful bid on the day of auction.
  7. A 2% Buyer Premium will be added to the final bid price to arrive at a final contract price.
  8. The entire balance of the purchase price, without interest, will be due and payable on, or before Monday, October 27, 2025 at which time marketable title shall be conveyed.
  9. The Seller(s) reserves the right to reject any and all bids and to waive any irregularities in the bidding.
  10. Announcements made the day of the auction take precedence over written material.
  11. Information provided within this brochure is from sources deemed reliable but Wingert Land Services makes no guarantee as to its accuracy.

BID SUBMITTING INSTRUCTIONS:

  1. Please complete online bid registration here.
  2. If online bid registration is not possible, please complete the written bid form found in the brochure.
  3. Your bid must indicate the price per deeded acre, rounded to the nearest $100.
  4. Only registered bidders may attend. Must be registered prior to auction date. All potential buyers shall complete either online registration or submit a written sealed bid, which must be received no later than 12:00 p.m., Thursday, September 11, 2025, to:
    Wingert Land Services
    Attn: Geoff Mead
    1160 S. Victory Drive, Ste. 6
    Mankato, MN 56001
    Cell: 507.317.6266
    Email: geoff@wingertlandservices.com