89.35± ACRES

Priebe Family Farm

Otisco Township, Waseca County, Minnesota

Farm Auction

Friday, September 25, 2026 @ 11:00 A.M.

Location:

Waseca County East Annex

300 North State Street, Waseca, MN 56093

Agent Name:
Chuck Wingert
Agent Phone:
507.381.9790
Agent Email:
charles@wingertlandservices.com
Download BrochureRegister Now
Chuck Wingert

Chuck Wingert

Broker, Accredited Land Consultant

DESCRIPTION:
W1/2 of NE1/4 exc N413.47’ & E1/2 of NW1/4 exc W893.06’ and exc N413.47’, Section 11, T106N-R22W


TAX ID #:
080110500


REAL ESTATE TAXES:
Estimated Ag Non-Homestead Taxes - $5,721.60
Special Assessment - $48.40
Total Estimated Tax & Specials - $5,770.00


FSA INFORMATION:
Total Acres - 89.35± acres
FSA Tillable Acres - 85.70± acres
Corn Base Acres - 59.70± acres
Corn PLC Yield - 176.00± bushels
Soybean Base Acres - 19.90± acres
Soybean PLC Yield - 41.00± bushels


RENT/LEASE INFORMATION:
Existing base acres are 79.60 acres leaving 6.10 acres that were not allocated. The One Big Beautiful Bill that was signed into law July, 4, 2025 allows the 6.10 acres to be added to the base. FSA stated the new base acres should be finalized by the end of September. 60% of the 6.10 acres will be allocated to corn base and 40% will be allocated to the soybean base.


SOIL DESCRIPTION:
Hamel, Reedslake-Le Sueur, Lester Terril, Cordova, Canisteo-Glenco - See Soil Map.


CROP PRODUCTIVITY INDEX (CPI):
85.6 CPI


TOPOGRAPHY:
Rolling


DRAINAGE:
Private outlets, system and random tiling - See Tile Map.


CRP:
N/A


NRCS CLASSIFICATION ON TILLABLE ACRES:
PC/NW - Prior Converted/No Wetlands, HEL - Conservation system being actively applied.

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Auction Format
This auction will be offered as one parcel (89.35± acres).


Register & Submit Your Opening Bid

  • Only registered bidders may attend and participate in the auction.
  • Your opening bid must be stated as a price per deeded acre and must be rounded to the nearest $100.

Registration Deadline:
Thursday, September 24, 2026 at 12:00 p.m.
To register, complete the online form and submit your opening bid at the following link:
REGISTER HERE


Auction Day

  • All submitted opening bids will be acknowledged at the start of the auction.
  • Registered bidders will then have the opportunity to raise their bid through a live, in-person competitive auction format.

Date and Time:
Friday, Sept. 25, 2026 @ 11:00 a.m.

Auction Location:
Waseca County East Annex
300 North State Street
Waseca, MN 56093


If You Are the Successful Bidder

  • The successful bidder will sign a Purchase Agreement on the day of the auction and pay 10% earnest money at that time.
  • A 2% Buyer Premium will be added to the final bid price to arrive at a final contract price.
  • The entire balance of the purchase price, without interest, will be due and payable on, or before Friday, November 6, 2026, at which time marketable title shall be conveyed.

Key Terms

  • The property will be sold “as is, where is.”
  • Seller shall pay 2026 real estate taxes and special assessments.
  • Buyer will be responsible for real estate taxes due and payable in 2027 and thereafter, along with any unpaid special assessments due with those taxes and thereafter.
  • The seller reserves the right to reject any and all bids and to waive any irregularities in the bidding.
  • Announcements made on the day of the auction take precedence over all written materials.
  • Information in the brochure is from sources deemed reliable but Wingert Land Services makes no guarantee to its accuracy.