Wilber Lime Products, Inc. v. Ahrndt

¶ 1. Wilber Lime Products held a right of first refusal to twenty-five acres of a 180-acre farm owned by Robert Ahrndt. 1 Upon Ahrndt's death, his estate sold the parcel to Renee Ahrndt. The trial court held that this sale triggered Wilber Lime's right to purchase the twenty-five acres. We agree. We further conclude that Wilber Lime may purchase the twenty-five acres at its fair market value and we remand to the trial court to determine that figure.

BACKGROUND

¶ 2. Robert Ahrndt owned a 180-acre farm in Caledonia, Wisconsin. Wilber Lime held a right of first refusal to twenty-five of the acres.…