Vreba-Hoff Dairy land sold 2011.09.28
The sale of land formerly owned by Vreba-Hoff Dairy brought in $4.2 million at an auction Sept. 20. The money will be used to partially pay off debts to creditors totaling $9.8 million.
Land in St. Joseph County commanded the highest price at nearly $6,700 an acre. Property in Lenawee County’s Odgen Township sold for about $5,600 an acre.
Prices for land in Medina Township—located along U.S. 127 and Packard Road—ranged from $2,700 an acre to $3,500.
Prices were furnished by Amicus Management of Grand Rapids, Mich., the court appointed receiver, and published in the Adrian Daily Telegram.
The property was sold through foreclosure proceedings against Midwest AG Investments, a division of Vreba-Hoff Dairy Development.
More than 780 acres and two houses were sold at the auction.
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