“McCollum, who founded The Wright Group real estate firm, and deals mostly in plantations and hunting tracts, says the well managed plantation properties significantly influences the real estate market. “Land values are strong, especially for hunting tracts,” he says. “The price per acre is higher, and you also get more stable prices.” While values plummeted 30 to 40 percent in other regions during the Great Recession just a few years ago, there was only a slight drop of maybe 10 to 15 percent within the plantation corridor. “Plantations help support land values across the board,” he says.”
Wiregrass, Fall 2018
