Posted 11/4/2013 12:00 am
Updated 11 months ago
Did you know that the Adolph Thomas Farm & Hunting Club is in the process of changing ownership?
Our Bayou LaGrue bureau reports the 2,856-acre Prairie County spread will be acquired by Leland Tollett, retired chairman and CEO of Tyson Foods Inc.
We understand Tollett was the lone bidder with an offer of about $10.7 million.
The property consists of about 1,100 acres of timber, 1,060 acres of cropland devoted mostly to rice and soybeans and a 700-acre reservoir.
Tollett is well acquainted with the property, leased for hunting by Tyson Foods for years. Duck hunting is the main attraction.
The seller is the Adolph Thomas Charitable Trust. The primary beneficiary of the trust is the Arkansas Sheriffs’ Youth Ranches.
Other beneficiaries include Hazen United Methodist Church and the Forest Lawn Rural Cemetery District, south of Lyman, Neb., near the Wyoming border.
The sale is expected to close before year’s end.