VIDALIA, Ga. — The packing house, land and equipment formerly used in the

produce operations for Plantation Sweets sold in late April 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.

 

These assets were sold via two public auctions that were managed by Murray Wise Associates LLC in cooperation with Crosby & Associates, Woltz & Associates and Weeks Auction Company. The auctions were a major success, with more than

100 people in attendance over the two days. Ken Nofziger with Murray Wise Associates said, “We had great crowds with strong interest from local and national operators as well as institutional investors that led to the success of these auctions.”

 

The land and packing house auction that took place on April 26 saw many local

farmers bidding on individual tracts before an investment fund and several large

operators began bidding back and forth on the whole property. Shuman Produce

Inc. ended up with the high bid of $5.5 million on 620+/- acres of farmland, the

95,000-square-foot packing shed, and the packing shed equipment.

 

“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. For details, visit

murraywiseassociates.com or crosbydirt.com, or call 800-607-6888.