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Across the Fence:  Happy News Regarding the St. Johns Mint Farm!  |
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JessieMae
True Blue Farmgirl
702 Posts
Jessie
Raleigh
North Carolina
USA
702 Posts |
 Posted - Feb 25 2010 : 1:05:38 PM
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****MEDIA ALERT****
OLDEST CONTINUOUSLY OPERATING MINT FARM REMAINS IN FAMILY DESPITE SHERIFF’S SALE, FORECLOSURE, EVICTION AND AUCTION
Crosby Mint Farm Tag Line “Expect Miracles” Pays Off
FOR IMMEDIATE RELEASE:
(MINT CITY, USA/St. Johns, MI) February 18TH, 2010
Despite historic economic challenges facing America’s small- and mid-sized farms, the oldest continually operating mint farm in the U.S., Crosby Mint Farm, announced on February 5th that they were able to buy the farm back from their lender, Greenstone Farm Credit Services.
Despite a Sheriff’s Sale on August 14th, 2008, a foreclosure and eviction on August 28th, 2009, and a farm auction on December 10th, 2009, the Crosby’s tag line of “Expect Miracles” came true when they received a letter stating they had the option to buy the farm back.
During an auction conducted in December by Stanton Auctioneers & Realtors, the farm was split into two parcels for bidders to purchase; (1) 40 acre parcel and (1) 100 acre parcel which included the house, buildings, and distillery. Two preliminary purchase agreements were reached between Greenstone and other individuals. Because of the Agricultural Credit Act of 1987, and the fact that the original Crosby bid submitted in September was higher than the auction bids, they were given the Right of First Refusal to purchase both parcels.
If the opportunity presented itself, the Crosbys decided early on that the best option was to concentrate on buying back the remaining 100 acre parcel and let go of the 40 acre parcel. On January 5th, their dream came true when Greenstone elected to sell the remaining 100 acres they had hoped to someday get back into the family name. The Crosbys are extremely grateful to an individual outside investor with whom an agreement was established. An offer to purchase the 100 acre farm was drafted, submitted, and accepted within the 30 days time period. The almost 3 year battle was now over.
Linette Crosby and Peppermint Jim Crosby, call it the miracle they were hoping for, praying for and expecting to arrive at the farm. “Every package that goes out the door has an “Expect Miracles” stamp on it, and now that affirmation has come true”, says Linette Crosby.
Jessie Mae
Farmgirl Sisterhood #134 |
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chaddsgirl
True Blue Farmgirl
843 Posts
Sarah
Farmgirl Sisterhood #639
MO
USA
843 Posts |
Posted - Feb 25 2010 : 4:15:11 PM
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Jessie that is fantastic!!!
A person is a success if they get up in the morning and get to bed at night and in between does what they want to do. Bob Dylan
Deeperrootsfarm.etsy.com |
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RaspberryBee
True Blue Farmgirl
291 Posts
Karen
Montrose
Michigan
USA
291 Posts |
Posted - Feb 25 2010 : 7:12:06 PM
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I am so very glad to hear this great news! Thanks for sharing :-)
I would rather sit on a pumpkin and have it all to myself, than be crowded on a velvet cushion.
-Henry David Thoreau- |
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Beverley
True Blue Farmgirl
2707 Posts
Beverley
atlanta
Michigan
USA
2707 Posts |
Posted - Feb 25 2010 : 8:46:55 PM
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oh that is so wonderful!!!!!
Folks will know how large your soul is by the way you treat a dog....Charles F. Doran
beverley baggett Beverley with an extra E...
http://bevsdoggies.googlepages.com/ |
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cheneygal
True Blue Farmgirl
503 Posts
Suzie
Cheney
Wa.
USA
503 Posts |
Posted - Feb 25 2010 : 8:55:53 PM
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What could be better than that!!!
live, laugh, love |
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aunt boby
True Blue Farmgirl
173 Posts
toby
polo
illinois
USA
173 Posts |
Posted - Feb 26 2010 : 04:48:22 AM
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That is so wonderful!! It is not too often that these stories have happy endings. It shows miracles can still happen.
POOR IS THE MAN WHO CANNOT ENJOY THE SIMPLE THINGS IN LIFE- anonymous |
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Across the Fence: Happy News Regarding the St. Johns Mint Farm! |
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Happy News Regarding the St. Johns Mint Farm!
