Evergreen Founder Selling Off Land

By Jim McCoy Wed 20th November NewsEvergreenYamhill County land
Yamhill County records show the founder of Evergreen International Aviation and the company's agricultural subsidiary have been selling hundreds of acres of farmland. Executives of the air cargo company said earlier this month it would close at the end of November, laying off 131 remaining employees. In May, Evergreen sold its helicopter division for $250 million. The Yamhill Valley News-Register reports (http://bit.ly/1jmCh3S ) the farmland sell-off comes amid lawsuits seeking money from Evergreen founder Del Smith and various arms of his company. Most have gone uncontested. The paper lists four sales since June by either Smith or Evergreen Agricultural Enterprises for more than $11 million. Acreage figures were not available for all the purchases. Two were for 500 and 540 acres. Company officials haven't responded to requests for comment.

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