The 123-acre Lana Lobell farm in Bedminster, once a nationally known standardbred breeding facility where four Hambeltonian winners were foaled, is going up for auction Jan. 11 in the freeholders’ meeting room at the Somerset County Administration Building in Somerville.
Although housing and a golf course were proposed for the property in the past, it cannot be developed, since it was preserved for agricultural use through a joint effort of the New Jersey Conservation Foundation on behalf of Bedminster Township, the state Agriculture Development Committee and the U.S. Department of Agriculture Natural Resources Conservation Service.
The previous owner filed for bankruptcy in 1997 and over the years, it was used as a boarding stable. Bank of America foreclosed on the property last year, precipitating the auction.