Very sad news. We used to take our kids there every fall when they were younger, riding in the farm trailer out to pick apples and pumpkins, enjoying the hay bale maze, and finishing by letting them pick out goodies from the bake shop. I've stopped there and picked up some fresh produce many times when in the area as well.
".... but not to developers". Give it time before getting overly excited. People say one thing, but when the rubber meets the road, do other things. I certainly hope it's sold to someone to keep the tradition, but only time will tell.