Abstract:
Walker Ag Group plans to buy N.C. State's Hofmann Forest for $150 million. The North Carolina State Natural Resources Foundation, Inc. and N.C. State University's Board of Trustees of Endowment Fund co-own the 79,000 acres of forest near Jacksonville. The deal is slated to go through; however, an injunction hearing is scheduled for Tuesday, November 12th with proponents of the sale concerned about an agricultural interest group buying the forested property.