April 28, 2017
VIDALIA, Georgia -- The packing house, land and equipment formerly used in the produce operations for Plantation Sweets sold this week for $6.1 million in two bank-ordered auctions. These assets were a major part of one of the larger growing and packing operations for Vidalia onions and sweet potatoes in the state of Georgia.
“There has been a scarcity of large tracts of land available in this area recently and when the opportunity arose for individuals in this community to add to their operation, they took it” noted Ben Crosby, of Crosby & Associates.
Paul Erickson, CEO of Conterra Asset Management, representing the real estate lender stated, “We could not be more pleased with the results generated by Murray Wise Associates and the entire auction team. We feel confident that we captured the top of the market based on the quality and quantity of the bidders that participated in the auctions.”
"For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning." https://bit.ly/2HRJuA1
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#TBT to 5 years ago this week & the East Coast Brokers & Packers auctions in Florida and Virginia in which we sold over 10,000 acres of tomato producing farmland, storage and packing facilities, and equipment in partnership with @CrosbyAssocs @weeksauction and @WoltzRealEstate pic.twitter.com/aHYeZUgM1u
**REMINDER** - Meigs County, OH Open House tomorrow - Thursday, August 16th from 4pm-6pm EST at the Salem Township Fire Station #6 in Langsville, OH. 423 acres in 17 tracts PLUS a hunting lease up for auction! For more information, visit: http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/127/Ohio/Meigs-County?utm_source=Email+Database&utm_campaign=1f40bb535c-AEP+-+Morgan_COPY_01&utm_medium=email&utm_term=0_d05924d421-1f40bb535c-216036305 … pic.twitter.com/3LCkBgbJis
Brooke Didier Starks with Meyer Capel says, "Plans that irrevocably lock farmland in arrangements for extensive years eventually run the risk of resulting in unrealistic outcomes."
Read 4 other tips here! http://www.murraywiseassociates.com/Blog/farm-succession-planning-5-thoughts …
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1605 South State Street, Suite 110
Champaign, IL 61820
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Real Estate and Farm Management
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