Joneses Purchase Woodburn Farm

Former Governor Brereton Jones and wife, Libby, have purchased Woodburn Farm , a 495-acre property that had been listed for sale for $7.425 million. No purchase price has been disclosed, but the property had been listed by Justice Real Estate in Lexington. The farm is located in Woodford County on the Old Frankfork Pike, across the road from the Jones' Airdrie Stud.

The farm, which has been owned by the Alexander family since 1790, was home of the great stallion Lexington, one of the most influential sires in all of Thoroughbred racing. In all, Woodburn Farm has produced five Kentucky Derby winners, four Preakness winners, and 10 winners of the Belmont Stakes.

The Joneses plan to put the farm under a conservation easement donated either to the state of Kentucky's Purchase of Agricultural Conservation Easements, or to the Bluegrass Conservancy.

"It was our desire to acquire this land so that we can put a conservation easement on the property and thereby save it as farmland for future generations," Jones said in a prepared statement. "Woodburn is in the heart of the best farmland in the world and we are excited about the opportunity before us."