Dutch dairy goes on auction block

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NEW BAVARIA, Ohio — An auction to sell off the assets of Maple Grove Dairy was held Dec. 16 in the milking parlor of the farm.

The Maple Grove Dairy was owned by Rinke Oenema, a 1 percent interest by Afke Oenema-Hiemstra and Vreba-Hoff Dairy Development, LLC.

Wilson Auction and Realty Co., of Bryan, Ohio, conducted the auction and auctioneer Denver N. Geitgey said more than 200 bid numbers were issued and described the bidding as “extremely spirited.”

The property consisted of 80 acres, the dairy and various support buildings. It was sold for $1.4 million and the personal property brought almost $400,000.

The Wilson Auction and Realty Co. is an auction firm that specializes in bankruptcy/receiverships and lender-driven auctions.

The Maple Grove Dairy filed for bankruptcy in February. At the time of the filing, they owed $7.14 million and had assets totaling $5.06 million. According to court records, the farm owed $4.59 million to AgChoice Farm Credit.

A status report is due Jan. 11, 2010, for the Chesterfield Dairy and the Hopewell Dairy. Both were placed into receivership by a bankruptcy judge Sept. 30. Vreba-Hoff Dairy Development has served as a consultant and developer for both dairies, which are also family-owned limited liability companies.

Accord to the bankruptcy court records, Chesterfield Dairy owes $8.5 million and Hopewell Dairy owes $11.2 million from AgStar Financial Services of Minnesota.

About the Author

Kristy Foster Seachrist lives in Columbiana County raising sheep and horses. She earned her degree from Youngstown State University and has worked in both print and broadcast journalism. You can follow her on Twitter at http://twitter.com/fosterk96. More Stories by Kristy Foster Seachrist

5 Comments

  1. Notice it is the industrial dairies having this type of problem! Perhaps they don’t know how to save for a rainy day as the small and medium sized farmers have done for generations.

  2. NN says:

    BERT DEBRUYN YOU GOT THE GREETINGS FROM HOLLAND…COME BACK AND BE ARRESTED FOR FRAUD…… GREETINGS FROM… YOU KNOW IT WELL DUDE ;)

  3. Brian says:

    Lol…now their brothers come over and buy it for a dime on the dollar. ANd the small family farm continues to suffer.

  4. Geert says:

    brothers are family to or not

  5. Rick Anker says:

    This dairy was bought by a local family. Most of you folks are full of talk and hot air, but not many facts or personal knowledge.

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