In 1994, Ed and Maureen Mayne purchased the farm from the estate of John Hannah, former president of Michigan State University. Hannah had been buying and piecing together smaller farms since the 1950s, using the land for his own cattle herd and agricultural research through the University. Upon their purchase, the Maynes raised premium; high-quality hay was sent to the southern states for racehorses. In late 2002, Ed and Maureen donated the Goodhart Farms land and associated buildings and equipment to Little Traverse Conservancy, with the facilities and equipment later sold. It was the single largest donation ever given to the organization at that time.