Archive for the ‘Ranches’ Category

Foreign Investment in US Ranch and Land Markets

Thursday, August 2nd, 2012

Fay Ranches Client Acquires Three Sites on Historic Jackson Hole Property

Monday, July 16th, 2012

Jackson Hole, WY, July 12, 2012 – Ranch Estate sites 11, 13 &14 at the
Bar BC Ranch in Jackson Hole, Wyoming have been acquired by a
client of Fay Ranches. Brokers Chuck Davison and Mike Jorgenson
represented the buyer—a longtime Fay Ranches client—in these
transactions. The combined asking price for the three ranches was
$23.5 million. With 53 acres, Site 14 is the largest among the
designated parcels that were drawn for solitude, vistas, and minimal
impact on wildlife habitat.

The Bar BC Ranch is a historic 1400-acre property with 17 ranch sites
located near Jackson Hole at the confluence of the Snake and Gros
Ventre Rivers. The original owners created the first guest dude ranch
in 1912 and also became conservation advocates for the Grand
Teton and Yellowstone areas.

“This is among the highest per acre real estate in the West,” observes
Jorgenson, based full time at the Fay Ranches office in Jackson Hole.
(more)“Bar BC is the most dramatic and unique property in the West,” Davison
emphasizes.

Only three ranch parcels remain for sale. Bar BC Ranch is a Hillwood
Communities development owned by Ross Perot, Jr.

Contact:
Juli Miller
208-788-4177 office
916-717-4118 mobile
jmiller@fayranches.com
www.fayranches.com

The Basics of Easements

Saturday, March 24th, 2012

When buying farms, ranches or land something that you must be aware of and run into frequently is easements. An easement is an irrevocable right to the use of another person’s property. Easements are often misunderstood and this misunderstanding of easements can lead to significant headaches later down the road after closing on a property.

One of the first basic things to determine about the easement in question is, is it appurtenant or in gross. An in gross easement is an easement for the benefit of a person whether they own property or not and does not pass with the land. For example if an in gross easement was granted by a neighbor to fish on their property to Joe and Joe sells his property, Joe’s easement does not pass to the new owner. Joe would still have the easement to fish on the neighbor’s property. However, if an appurtenant easement was granted for Joe to fish on the neighbor’s property then the easement would pass with the land at the time of sale to the new owner. As you can see, it is very important to determine what type of easement it is before you purchase a property.

Something else that you will want to be aware of is there are times where there may not be a written easement but there may be an implied easement or a case for a prescriptive easement. These are easements to research more if you are purchasing property where others are using the property on a regular basis without a written easement. Even though there is not an easement in writing they may be able to establish an easement if they can meet and prove certain criteria. In which case, you would have to continue to grant the easement.

Easements are something that you will run into often when purchasing property. They may be utility easements, rights-of-ways, oil and gas easements, easements for access to property, etc. You will want to understand them and how they will impact your use and enjoyment of a property.

There are many other types of easements and far too many details to discuss in this short article. If you would like to know more about easements, consult your broker or attorney.

Master Saddler – RICHARD CASTELOW

Thursday, November 24th, 2011

Richard Castelow’s road to becoming a Master Saddler could easily be chronicled on the silver screen. He joined the Household Cavalry Mounted Regiment at age fifteen and by the age of twenty, was selected to join the Household Cavalry Saddle shop in Knightsbridge, London.

After rigorous teaching and training under four different master saddlers, undergoing a sum total process similar in scope to gaining a PhD, Castelow was certified a Master Saddler in 1988. Quickly gaining an outstanding reputation, he was appointed as the first ever Master Saddler to Queen Elizabeth II, based at the Royal Mews, Buckingham Palace.

After four years with the Royal Household, Castelow moved to the
United States to use his knowledge and expertise for the benefit of American riders: “What I’ve done is I’ve taken the unique parts of French and German saddles to create an American saddle that is unique to the American market,” comments Castelow. (http://www.chronofhorse.com/article/richard-castelow-creates-saddles-fit-queen).

Where many saddle trees are made of plastic, a material that has very little flexibility, Castelow’s saddles contain five layers of laminated Beachwood to absorb movement. “When I design my saddles, I keep in mind that there are three moving objects, and my job is to eliminate as much movement as I can with the saddle to make the horse, rider and saddle move in harmony,” states Castelow. His dedication to mastering his craft helped him turn a natural talent into a phenomenon and those who ride a Castelow saddle never go back.

www.richardcastelow.com

To find ranches for sale where you can ride and try out a new Castelow saddle visit www.landbrokermls.com

Pristine and Historic Idaho’s Gold Fork River Ranch Sells

Monday, November 14th, 2011

The Gold Fork River, near McCall, Idaho, is one of Idaho’s most scenic rivers.  The river flows through beautiful timbered mountains and forests until reaching Lake Cascade, south of McCall, Idaho.  This river is one of Idaho’s hidden gems, offering fishing for trout and land locked Salmon.  Elk, deer, cougar, bear and other wild game call the areas along the river home.  People living and visiting the area can camp. hike, fish, hunt, ski, snowmobile, ride horses and recreate.  The area is off the beaten path and a great place to enjoy the pristine nature Central Idaho has to offer.  The ranch is situated in Valley County. This is a land where the timber, rocks and mountains, and clean mountain streams meet the sky,” John Knipe said. Fur trappers were the first white men in the area but permanent settlement did not take place until the 1880’s when livestock ranchers moved into the Long Valley in Valley County, Idaho.In addition to fishing and wild game, the area consist of large amount of natural resources.  On of which is Gold.  Gold mined prior to 1958 in this county was mostly found and mined in lode deposits of antimony gold ore and reported to be about 324,000 ounces that was mined in these early years.

Knipe Land Company is proud to announce that they have just sold the Gold Fork River Ranch.  The ranch offers more than four miles of this pristine, alpine river flowing through the center of the ranch.  Topography on the ranch varies from timbered mountains, mountain meadows, to rugged rock canyons, dramatic rushing rapids on the river to slow flowing, ever continuous bending and winding river and waterways.  The ranch provides critical habitat and refuge for Rainbow Trout, Brown Trout, Brook Trout, Columbia Basin Red-banned Trout, Yellow Perch, and land-locked Chinook Salmon, which are more precisely called Kokanee Salmon. The ranch also provides pristine, natural habitat, not only for livestock, but also herds of elk, deer, and wild big game, like the cougar, bear, moose and other nature and wildlife.  The ranch consists of over 1,200 deeded acres of land and offers the owner over 8 miles or riverfront – counting both sides of the river.

Close to the ranch is a wonderful area attraction – the famous Gold Fork Hot Springs.  This is a mineral rich hot springs that is open year round.  The hot springs is open to the public, offering a spectacular setting and six different pools.  The area is renowned for mountain biking, hiking fishing, skiing and other year round recreation activities.  John Knipe, Broker for Knipe Land Company said “When it comes to recreating in this area, you are only limited by your imagination and your check book.” Area attractions include three ski hills, golf coureses, lakes for boating and sailing and fishing, ghost towns, national forest, numerous rivers and streams, alpine lakes to hike to and enjoy, and other natural resources found in a forested setting.

Knipe Land Company is one if Idaho’s oldest real estate companies, tracing its roots back nearly 70 years to 1944 when it first opened its doors.  The real company specializes in marketing and selling commercial farms. ranches for cattle recreation, family retreats and legacy ranches – ranches purchased by today’s generation and held by the family owners for future generations; as well as timberland, and recreation based real estate.  Professional natural resource management is also available including, farm management, ranch management and timber management and conservation.  If you are buying or selling or looking for land management – look no further than one of Idaho’s oldest and most trusted firms, Knipe Land Company.  Knipe Land Company and Knipe Land North, LLC, are licensed in Idaho, Oregon, Montana, Nevada, and Washington State.  Because Knipe Land can trace its roots back nearly 70 years, they bring a long list of satisfied customers ranging from farmers, ranchers, land owners, buyers, sellers, and ranging in size from Fortune 500 companies to individual owners.

John Knipe serves as President of Knipe Land Company.  He holds office as Past Regional Vice President of the National Association of Realtors – Realtors Land Institute.  Knipe is also Past President of the Idaho Realtors Land Institute.  Knipe is co-founder and President of the World Organization Land Federation.  He is a seasoned farm, ranch and land broker with agents and offices across Idaho.  Knipe is an Idaho native and he was responsible for successfully marketing the Gold Fork River Ranch. “Idaho offers over 80 mountain ranges including the Rocky Mountains, 26,000 miles of fishable rivers and streams and over 2,000 mountain lakes”, Knipe said. For more information on Knipe, the Gold Fork River Ranch or other ranches being marketed, readers are encouraged to go to:  www.knipeland.com.  Knipe also publishes The Range Writer Natural Resources Magazine.  Readership last issue was over 380,000 readers.  To request a free copy of this farm and ranch real estate magazine, call (208) 345-3163 or email the editor at john@knipeland.com.

To search for more Idaho Ranches for Sale visit Land Broker MLS

Why you Should Exchange Under IRC 1031

Monday, November 2nd, 2009

There are several reasons that you as a property owner should participate in a 1031 exchange. For those of you who are not familiar with 1031 exchanges, 1031s are a way to defer taxes on the capital gains from a sale of investment property.  1031s can be very complicated and you will also need the help of a 1031 qualified intermediary. There are 5 main advantages to exchanging property.

  1. Preservation of Equity – 1031 exchanges allow owners to defer taxes on the capital gains from a sale indefinitely. This allows the owner to roll the gains into a new property over and over rather than pay the taxes. Keep in mind that if you do 1031 exchanges and then at some time in the future decide not to exchange you will owe taxes going all the way back to your original basis.
  2. Leverage – You can exchange from a property that you have a high amount of equity or one that you own “free and clear”  into a property of much more value and has a higher cash flow.
  3. Diversification – Exchangers can diversify by exchanging out of one property into two or more properties. There are time considerations that must be taken into account. Consult with an attorney prior to engaging in an exchange involving multiple properties.
  4. Management Relief – If you as an owner have accumulated several single family rentals that require intensive management you can exchange them for one single investment property that requires substantially less management.
  5. Estate Planning – In many cases, several members of a family inherent a single property jointly and cannot agree on what they want to do with it. The family members can exchange the property for several different properties that suit the needs of all family members.

Always consult with an attorney who is familiar with 1031 exchanges.

To find your replacement 1031 ranch for sale, farm for sale, mountain land for sale, equestrian property for sale, or land for sale visit www.landbrokermls.com.

Wolves in Montana and Wyoming

Monday, October 5th, 2009

When looking for Montana ranches for sale and Wyoming ranches for sale, you may want to consider the difference between Montana’s and Wyoming’s wolf management. Wolves will have significant impacts on your ranching operations and wildlife populations.

Last May, wolves were delisted in both Idaho and Montana and management was turned over to the states. Both Montana and Idaho initiated wolf hunts to begin this year. Montana limited wolf kills to 75 or 15% of the Montana wolf population.

The USFWS however, exempted Wyoming from the wolf management. This means that currently wolves cannot be hunted in Wyoming and remain under federal protection. What does this mean for landowners in Wyoming and Montana? With the new hunts in Montana, wolves will become more wary of humans and give you the landowner an additional tool to help control livestock and wildlife depredation by wolves. Wyoming landowners currently do not have this additional management tool and will suffer higher losses due to depredation by wolves.

It is worthwhile to consider the impacts of wolves and any management options that landowners will have have when looking for ranches for sale in Montana and ranches for sale in Wyoming.

Proper Ranch, Farm, and Land Planning After Closing

Wednesday, August 26th, 2009

It never ceases to amaze me how many people fail to put in place a proper overall plan for their ranch, farm, or recreational property. They decide where they will put the house and maybe a barn but never think further down the road and ask themselves “What do I want my property to look like in twenty years and how do I plan to utilize it?”

When putting a property plan together you need to consider at the very minimum:

1. What do I want to utilize the property for? Raising cattle or horses, hunting, recreational….

2. What type of facilities will I need? Barns, corrals, cattle working facilities, fencing, feed storage, etc. You will want to plan out placement of facilities as far out as you can even if you cannot afford to build all of the facilities at once.

3. How will the facilities work together? ie. You would want your feed storage close to where you will do most of your feeding yet allow for easy access for trucks for unloading. You will want your cattle working facilities to work with your pasture layout so that you can drive cattle to them easily.

4. Where will your utilities be located?

5. Where will your water wells and storage be located and how will I transport water to where I need it?

Depending upon the use planned for your property you will need to consider other factors. Planning in advance will save you many headaches and result in an aesthetically appealing, well planned property instead of a hodgepodge property. You may be limited on what you can do if you purchase a property that already has facilities in place. However, you will still want to layout an overall use plan.  For example you may have bought a Montana ranch that already has facilities built for working cattle but you plan to utilize the ranch for a horse breeding, boarding, and training property. Therefore, in your plan you will want to address the change in use and determine what existing facilities can be used, which existing facilities will need to be replaced and which facilities will need to be added in order to utilize the property to the fullest extent as a Montana Horse Ranch.

Understanding Land Measurement

Monday, August 17th, 2009

When you began looking for land, it is important to understand how land is measured and priced. For instance, if you are looking for a farm for sale in Kentucky, farms would be represented in acres and either be priced by the acre or given as the total asking price. However,  if you are looking at New Mexico ranches for sale, the ranched may have size given in acres or sections with the price give in dollars per acre or as the total asking price. For those unfamiliar with the measurement of sections, 1 section = 640 acres or 1 mile X 1 mile.

Kentucky farms may range from a few hundred acres to several hundred acres while ranches in New Mexico may run from several thousand acres to several hundred acres or from several sections to upwards of 100 sections.

For those of you who may be interested in purchasing land in South America or Europe, you will most likely see land size given in number of hectares. 1 hectare=2.47105381 acres.

It is important to understand land measurement and be able to convert between them so that you can compare prices. For example, if land size is given in sections, you will want to convert to acres so that you can easily compare price per acre of other parcels. This will give you the ability to compare properties to ensure that you do not overpay.