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Land Broker MLS

Kansas Farm and Ranch Land Sells for $46 Million+ at Auction

November 12th, 2013

November 12, 2013 By Steve
The Triple Crown of auctions took place last week when 33,667 acres of Kansas farm and ranch land were put on the market by Hall and Hall Auctions. More than 500 spectators, including 128 registered bidders, participated in a two-day auction, which totaled $46,485,770 in land sales. Highlights of the auctions included: a 160-acre Wichita County tract that fetched $3,312 per acre and ranchland south of Meade, Kansas that brought $1,007 per acre. Properties were purchased by 22 separate individuals, including local landowners and buyers from Louisiana, Texas, Nebraska and Colorado. For more information contact John Wildin at 620-662-0411 or Scott Shuman at 970-716-2120.

Kansas famr for sale

Farm and Ranch Values and Sales by John Knipe, Board Certified Land Broker

October 22nd, 2013

(BOISE, IDAHO) The Department of Interior’s United States Department of Agriculture (USDA) completed its report entitled “Land Values 2013 Summary”. The report was created and released a few weeks ago through the USDA’s – National Agricultural Statistics Service. According to John Knipe, Farm and Ranch Broker and President of Knipe Land Company, “The report looked at farm real estate values, cropland values, and pastureland values in comparison from 2012 to 2013.”

Farm real estate values, according to this USDA report, increased in Idaho (+3.8%), Oregon (+2.4%), California (+1.4%), Washington (+2.2%), and Montana (+3.9%) from 2012 to 2013. The report also demonstrates that the average farm real estate value across the entire United States averaged $2,900 per acre. The report defines “farm real estate values” as a measurement of value of all land and buildings on a farm. The national farm real estate value average demonstrates an increase in value of 9.4 percent over values of farm real estate in 2012. Values of farm real estate vary location to location, region to region and area to area but the report demonstrates average values for the United States. States in the Southwestern United States shows no change in value. States in the Northern Plains, on the other hand, she an increase in value equal to over 23 percent over values in 2012, according the report. The lowest values for farm real estate were in the Mountain States, with an average per price acre of just over $1,000 an acre. Corn Belt States had the highest values in farm real estate values. The average price per acre of farm real estate in these states averaged $6,400 per acre, the study and report found.

Cropland values increased in Idaho (+5.5%), Oregon (+4.4%), California (+3.9%), Washington (+12.1%), and Montana (+4.2%). Cropland values, on average across the United States, showed a stronger gain in value. Cropland values increased 13 percent from 2012 to 2013, which is an increase of $460 per acre, rising to an national average of $4,000 per acre. Southeast States saw a decrease in 2013 cropland values, with a loss in value of 2.8 percent. In contrast, the Corn Belt States saw increase in cropland values of over 16 percent in 2012 and another increase of 25 percent in 2013.

Pasture values increased in Oregon (+9.7%), Washington (+1.2%), and Montana (+1.8%). Values in Idaho and California showed no change in value. Pasture values in the United States increased by 4.3 percent from 2012 to 2013 to a national average of $1,200 per acre. Pasture values decreased from 2012 to 2013 in the Southeastern States with a loss of 1.5 percent. Northern Plain States showed the strongest gain. Pasture values in these states increased over 18 percent in 2013, according to the USDA report.

Knipe Land Company also completed a Mid-year farm, ranch and land market analysis in the Pacific Northwest. Specific counties in Idaho, Oregon and Washington were considered for this report. The company looked at over 2,000 farms and ranches and land parcels being marketed that are 40 acres and larger, actively on the market between January 1, 2013 through August 31, 2013. 338 farms and ranches were sold and closed. 2,266 Farms and ranches were listed during this time and offered for sale in these three States. “15 Percent of the farms and ranches on the market have sold and closed, so far this year”, according to John Knipe, President of Knipe Land Company. “Of the three states included in the Pacific Northwest study, Idaho has had the strongest percentage of closed farm and ranch and land sales so far this year”, Knipe said. “Idaho is seeing about 1 closed sale for every 5 farms and ranches listed in the first 9 months of the year”. At the time the study was done, Knipe ranked #25 based on closed sales volume when ranked against all other Realtors in the Intermountain MLS. The Intermountain MLS has just under 4,000 Realtors and includes many Realtors in Central Idaho, Southwestern Idaho and Eastern Oregon. “Most farm and ranch sales seem to happen closer to the end of the year, between production periods, so we are hopeful of seeing the year ending with even stronger numbers across Idaho, Oregon and Washington,” Knipe said. Knipe Land Company and Knipe Land North, LLC, market, sell and professional manage farms, ranches, timber and land in Idaho, Oregon, Washington, and Montana.

ABOUT THE AUTHOR: Knipe Land Company traces its roots back to 1944, when it first opened its doors in Nampa Idaho making the company one of the oldest run real estate companies in Idaho and the Western United States. John Knipe is a Past President of the Idaho Realtors Land Institute, Past Regional Vice President of the National Association of Realtors – Realtors Land Institute, serves as President of the World Organization Land Federation and Executive Vice President of the American Land Institute. Knipe has won over a dozen advanced marketing awards from the National Association of Realtors and his company was selected awarded one of the Best Brokerages in the United States by the Land Report Magazine. Knipe has written courses and books on farm, ranch and land brokerage and land development and is a Senior Real Estate Instructor with the World Organization Land Federation. For assistance in purchase or selling a farm, ranch or highly appreciated real estate asset, contact Knipe at (208) 345-3163 or john@knipeland.com Visit his company on the world wide web at www.knipeland.com At the end of August 2013 when these studies were created, based on closed sales volume when ranked against all the other Realtors in the Intermountain MLS, Knipe ranked 25th in highest closed sales volume. In 2012, Knipe ranked 16th for closed sales volume when ranked against all other Realtors in the Intermountain MLS for that year.

Ranches for Sale in Utah: The Iconic Trees Ranch Adjoining Zion National Park Sold by Mirr Ranch Group

August 21st, 2013

Summary: The 2,066 acre Trees Ranch adjoining Zion National Park in southern Utah was sold this month by Mirr Ranch Group of Denver, Colo. Listed for $25 million, the conservation property sold to a private party, and the sellers are the heirs of Jim Trees and Lionel Pincus.

DENVER, COLO. [August 21, 2013] – Trees Ranch, a 2,066-acre ecologically-rich property surrounded by Zion National Park and the Canaan Wilderness Area in Springdale, Utah, was recently sold by Mirr Ranch Group of Denver, Colo. Listed for $25 million, the conservation property sold to a private party. The sellers are the heirs of Jim Trees, founder, former chairman and CEO of Fischer, Francis, Trees and Watts, Inc., and the heirs of Lionel Pincus, founder of Warburg Pincus, LLC.

“We are pleased to have found a buyer who will be a good steward of the land, a legacy started by Jim Trees and Lionel Pincus many years ago. They saw the ranch as an opportunity to have a national park of their own, and it looks like that legacy will continue,” said listing broker, Ken Mirr.

The Trees Ranch transaction comes on the heels of other Mirr Ranch Group sales adjoining National Parks, such as the Mantle Ranch, an inholding in Dinosaur National Monument. Furthermore, the Sandy Ranch, a cattle ranch adjoining Capitol Reef National Park with large grazing allotments on the adjoining Dixie National Forest and BLM lands, is currently on the market.

“This sale adds to Mirr Ranch Group’s proven track record of marketing and selling ranches and conservation properties in the West including those adjoining National Parks, National Forests and other public lands. We are the leading brokerage for these types of unique properties,” added Mirr.

The distinctiveness of Trees Ranch is reflected by its scenic landscapes, rare flora and fauna, valuable water rights, a 60-acre lake, miles of riparian corridors and river, irrigated fields and orchards, and inimitable architecture. In addition to access and adjacency to the park and wilderness, the ranch’s significant conservation values include Utah’s first “Wild and Scenic” designation on the adjoining Virgin River and Shunes Creek, its adjacency to a “Natural Research Area” in Parunuweap Canyon, and significant historical and cultural sites like the Shunesburg settlement and traces of the Virgin Anasazi and Paiute Indians.

“The Trees Ranch is one of the most unique ranch properties in the Southwestern United States. The ranch’s proximity to Zion National Park makes it the ultimate conservation and recreation property – a true one of a kind,” explains Jason Corzine of The Trust for Public Land.

For media inquiries, arrange for an interview, or get an expert quote, please contact Mallory Boyce at (303) 623-4545 ext. 4. Photography available upon request.

About Mirr Ranch Group
Mirr Ranch Group offers marketing and buyer acquisition services for fine sporting properties and legacy ranches for sale throughout the American West. Brokers for the company are known for their expertise in sporting, public lands and conservation in addition to their unsurpassed knowledge of ranch transactions.

For more information, contact:
Mirr Ranch Group
915 South Pearl Street
Denver, CO 80209
(303) 623-4545
http://www.MirrRanchGroup.com

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Water and the American Landowner Part 3 of 3

August 13th, 2013

Examples of Forward Thinking in Water and Land Conservation
Part 3 of 3 – By Tom Roberts

The following article is the third in a three part series where Open Fences is highlighting innovative land and water conservation practices by landowners throughout the United States. In the first article, we introduced a rice farmer in Texas who has conserved 40% of his water usage and increased yields with a technique called precision grading on his fields. In the second article, we introduced Beartooth Capital, an investment group out of Montana that acquires degraded ranch properties and conducts ecological enhancements to increase the value of the investments.

For this third article, we are going to introduce a land management and business tool called environmental banking as a way for property owners to generate substantial income from their land while simultaneously improving the health of the environment.

Ranches for Sale

Environmental banking can basically be described as the creation of a natural resource commodity that is then sold to a customer, usually a developer or polluter who is required to pay compensation for the impacts associated with their activities.

For example, if a developer had plans to build houses or roads on a parcel of land that included wetlands and these wetlands were impacted from the construction activities, then by regulations set forth by the US Environmental Protection Agency through the Clean Water Act, the developer would be required to compensate for these wetland losses. The US Army Corps of Engineers would have jurisdiction of the process and would be the agency responsible to ensure the compensatory actions were met.

To further the example, say this developer impacted one acre of wetlands, then they would be required to mitigate for at least one acre of newly built wetlands, but oftentimes the Army Corps of Engineers will set the ratio at 2 acres to 1 or even 3 to 1. This process can become very expensive as they will have to pay for the design, construction, monitoring and maintenance of the mitigation wetlands. Plus, they are not off the hook until the Army Corps of Engineers certifies them as successful wetlands five years after construction is completed. This can be a long and expensive process, especially if their mitigation efforts are unsuccessful because they will have to start over.

However, there is another better option for this developer, which would be to purchase credits from an existing wetland mitigation bank instead of going through the process of doing it themselves. This article isn’t to show how developers and polluters can get out of having to mitigate their actions, but rather to show how ranch owners can provide an environmental benefit and take advantage of a growing market.

A wetland mitigation bank is where a landowner has built wetlands on their property for the purpose of selling the credits to people like this developer. The owners of the bank must go through a process to have the wetlands certified to ensure they function as a healthy ecosystem, but once they do, they are able to sell these credits on the market to customers within their area, usually based on the watershed where the wetlands are located. This is almost always substantially more cost effective for the developer and provides a much healthier and functional result on the ecosystem scale.

This isn’t just a better option for the developer because on the other side of the deal is that landowner who understood that they could create a commodity that could be sold in a real market that is producing substantial revenue streams. Some estimates have shown that the average cost to construct a wetland mitigation bank could be in the range of $10,000 to $30,000 per acre and would include the design, planning, and construction costs. However, these estimates also show that the average cost of the sale of the credits can range between $60,000 to $100,000 per acre depending on the supply and demand forces as well as the intensity of development within a certain area.

Some of the resources required for the wetland bank would, obviously, be to have land, appropriate soils, a good water source and the rights to use this water in this manner. If the resources were available, then it could make a lot of sense to explore the option of creating an environmental bank as another source for potentially substantial income and to create a real and lasting benefit for the environment. For ranchers and farmers who already have the natural resources available, but not the financial resources, they could explore the option of having an investor provide the capital costs to get the project going and share in profits from the sales.

Although the example that we discussed highlighted a wetland mitigation bank, there are many other types of environmental banking opportunities that a landowner could potentially initiate. These banks are becoming a major tool for the entrepreneurial land owner and investor. As with any business decision and investment, they will want to explore the potential of the commodity market they would be entering and identify the opportunities and constraints on their land.

Some of the other environmental banks that have been initiated are as follows:
• Wetland mitigation banks
• Carbon banks
• Energy banks
• Endangered species habitat banks
• Land development banks
• Water and water quality banks
To learn more about environmental banking and to see if developing a bank would make sense on your ranch property, please contact Tom Roberts, president of Western Lands – Ranch Restoration Services at 720-936-9973 and also visit their website at www.western-lands.com
Western Lands – Ranch Restoration Services is a company with offices in Parker, Colorado and Bozeman, MT. We provide design, project management, and owner’s rep services for the owners of legacy ranch properties throughout the United States.

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What is the status of the rural economy?

August 2nd, 2013

Are Farmland Prices Stabilizing?
(AgProfessional) The stabilizing process we’ve mentioned in recent issues is evident in data released to LandOwner from Farm Credit Services of America (FCSAmerica).

The Omaha-based lender is the largest ag real estate lender in its four-state service region, which covers Iowa, Nebraska, South Dakota and Wyoming.

The association monitors ag real estate value trends through its semi-annual appraisal update of 65 benchmark farms located throughout its service area.

Its appraisal team reviews thousands of completed farm real estate transactions in the process.

The July 1 update below shows the value of the 21 Iowa benchmark farms rose slightly more than 6% during the first half of 2013 compared to the 13.8% surge the last half of 2012.

Farms for Sale

The 19 Nebraska benchmark farms show a 7% rise — down from 12.3% the last half of 2012. Those gains amount to about a one-percentage-point gain per month.

In our view, that type of increase points to a market that is transitioning into a stabilizing market.

The 23 South Dakota benchmark farms report a 9.5% six-month gain. While down from the astonishing 17.6% burst seen last half of 2012, the 1.6%-per-month increase is too strong to be considered a market that is stabilizing.

The update shows a lift in the value of Wyoming farmland. The update lists a gain of 3.3% for the first half of 2013.

That compares to no change in values during the last half of 2012.

FCSAmerica says the rise in Wyoming is driven by increases in cropland values that offset slight declines in the value of ranchland in the state.

Additionally, the Iowa market seems to be in the same spot as it was a year earlier.

Land values were stabilizing after posting a 6.2% rise the previous six months. But values surged as grain prices rocketed.

That does not seem likely this year with soil moisture supplies recharged.

But this crop is not yet in the bin.

However, Nebraska is cooling, too. Its current rise of 7.1% is the first single-digit six month rise since last half of 2010.

http://www.agprofessional.com/news/Farmland-prices-cooling-in-Iowa-Nebraska-216428251.html?llsms=351791&c=y

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Water and the American Landowner Part 2 of 3

July 29th, 2013

Water and the American Landowner

Examples of Forward Thinking in Water and Land Conservation

Part 2 of 3

The following article is the second in a three part series where Open Fences is highlighting innovative land and water conservation practices by landowners throughout the United States. In the previous article, we discussed how a rice farmer in south Texas had increased his yield and conserved 40% of his water usage by employing a technique called precision grading to his fields (Open Fences Vol. 3 No. 3). For this article, the subject ranch owner is an investment group out of Bozeman, Montana called Beartooth Capital and whose assets include a portfolio full of once degraded ranch properties that have now been restored to not only create improved ecological health and outstanding recreational opportunities, but also an exceptional and marketable financial value.

While Beartooth Capital’s business is based on a traditional value investment strategy, it is their dedication to the restoration, enhancement, and protection of ranch properties that ultimately provide for the increased value in the asset. Their acquisitions generally include ranch properties that have been poorly managed and degraded, but also hold tremendous potential for improvements to their ecological, aesthetic, and recreational qualities.
Ranches for sale
The restoration and enhancement work they undertake includes the improvement of trout streams, wetland habitat creation for waterfowl, planting native vegetation for wildlife and aesthetic improvements. Once this restoration work has been completed, the ranches re-enter the market as true trophy recreational properties. “It is remarkable how different the properties are when we complete restoration and put new management practices in place. It is even more remarkable how much they continue to improve year after year,” noted co-founder and Principal Carl Palmer.

One example from their portfolio is the River Why Ranch near Bozeman, MT that they acquired in October of 2007. The southern portion of the ranch contained approximately two and a half miles of both sides of the North Fork of the Musselshell River and in its original condition, less than half of the river mileage offered any habitat for trout or fishing for anglers. Many years before, much of the river had been straightened and moved to the side of the river bottom to enhance hay production. This made it easier to hay the meadows but reduced the river’s length and its value as habitat for trout and big game. Search other Montana ranches for sale similar to the River Why Ranch.

In June 2008 they completed work to restore the river to its natural serpentine path and replanted hundreds of willows and cottonwoods in the riparian corridor. This work added nearly a mile of length to the river (as measured on the meander) and dramatically improved the habitat for trout.

Today, many species of wildlife including rainbow and brown trout, elk, deer, pronghorn antelope, grouse, Hungarian partridge and raptors have returned to the ranch in substantial numbers. Avid fishermen have described the fishing on the restored river as some of the best in the region. Some of the visitors to the River Why Ranch catch many fish above 18 inches in length, and 20 plus inch fish are not uncommon. The most exciting indicator of the health of the fishery might just be the return of native Yellowstone cutthroat trout to the system.

Another Montana ranch in the Beartooth Capital portfolio is Madison Spring Creek Ranch, which they acquired in the fall of 2010. This ranch borders the Madison River and also has over five miles of spring creek habitat on its interior.

Beartooth restored two spring creeks on ranch the including Darlington Ditch, which was a wide, slow-moving irrigation ditch. They secured the necessary permits before the deal closed and began work almost immediately. Four excavators reworked the ditch through the winter and when spring arrived, the restored creek emerged. What was once a wide shallow irrigation ditch is now over three miles of meandering, thriving spring creek. This newly minted water has great holes, cut banks and spawning riffles, plus excellent backwater habitat that serves as refuge for young fish while producing aquatic insects and attracting waterfowl.

They expect it to take two to three years to fill up with fish, but the process is well underway as the photo of the giant brown trout attests! Restoration has greatly improved habitat for fish, upland birds, waterfowl and white tail deer while reducing sedimentation and water temperatures and improving irrigation efficiency.

While measurable improvements in habitat and beauty can be seen as soon as a restoration project is complete, the system continues to increase in value as the restored landscape matures. Plants grow and further improve wildlife habitat, trout increase in size and number in restored rivers, waterfowl are attracted to newly created wetland habitat – all of which contribute to the increased value of the ranch property.  This upward trend is apparent in Beartooth’s visitor reports (beartoothcap.com/recreation/field-reports) and annual monitoring of spawning activity. Fishing improves significantly right away, and gets better and better each year.

Spread throughout their ranch portfolio, Beartooth Capital has restored almost 37 miles of rivers and creeks, planted 6,000 native trees and shrubs, restored 13,000 acres of land, including 6,000 acres of habitat for globally rare or endangered species, and protected over 13,000 acres from future development.

The Beartooth Capital ranches are some of the most unique, ecologically healthy, and aesthetically beautiful ranches in the entire western Untied States. The fishing and hunting opportunities are endless and they have truly created multiple levels of value on what were once degraded ranch properties. These ranches are available for purchase for the buyer interested in owning a trophy recreational ranch in the Rocky Mountain West.

To learn more about Beartooth Capital, their properties and the projects described above, please contact Carl Palmer at 406-551-4769 or visit their website at www.beartoothcap.com

To learn more about how a restoration and enhancement project can improve the value of your land, please contact the author Tom Roberts, president of Western Lands – Ranch Restoration Services at 720-936-9973 or visit their website at www.western-lands.com

Tom Roberts is the author and is currently working on the third article in the Water and the American Land Owner series for Open Fences Magazine. His company designs, develops, and manages land enhancement programs for legacy and investment grade ranch properties throughout the United States.

Maybe this could be a call-out quote. From or restoration partner Scott Gillilan after surveying Darlington and Rey Creek in December 2012:

“I counted 83 redds in Rey Creek yesterday in 54 pool tailouts – every single spawnable piece of channel we built was utilized! In some places redds were superimposed over other redds, an indication that there were more fish than available spawning habitat. I have never seen a first year fish response this robust in any spring creek I have worked in. Over on Darlington I tallied a total of 44 redds, about half the available spawning habitat. This is a jump over last fall’s less formal survey which indicated about one-third utilization. On both creeks I came across some enormous sized redds indicative of very large fish.”

Search for mountain land for sale and fishing land for sale that is suitable for water conservation and habitat improvement projects on Open Fences.

Water and the American Landowner

July 22nd, 2013

Examples of Forward Thinking in Water and Land Conservation

Part 1 of  3

As much of the country is still in the grips of one of the worst droughts on record and water becomes more expensive and scarce, the rural landowner often faces tough decisions on how to best use this valuable resource. In the next three issues of Open Fences Magazine, we will be exploring topics related to water and the American landowner. The following article is the first in this series where we will be discussing and presenting examples of how farm and ranch owners across the country are embracing alternative methods to utilize this resource and still find ways to conserve water, turn a profit, and enhance the quality of their land. In this first article, we will show how one seed rice farm southwest of Houston, Texas has used precision grading to reduce their water usage by up to 40% while still increasing yield and improving the wildlife habitat on the land.

According to the USDA, agriculture is a major user of ground and surface water in the United States that accounts for nearly 80% of the nation’s consumptive water use and over 90% in many of the western states. While there is no question that the food and other products that are sent to market have made this country what it is today, inefficiencies in the system become more apparent when drought affects supply or when other users, such as municipalities, are competing for the resource. The farmers and ranchers who recognize ways to conserve their water use without hurting their operations will be the ones leading us into the future of best management practices for the land.

One of these farmers is Jacko Garrett of Garrett Farms in Danbury, Texas who owns a 3,046-acre farm and ranch where he grows seed rice, live oak trees seedlings, and raises F1 (Brahman x Angus) females and bulls. Approximately 1,500 acres is currently used for the seed rice operation among this lush green, fertile, and well watered landscape.

Mr. Garrett’s parents bought the land back in 1936 for $10 per acre and developed a successful rice farm and Brahman cattle ranch. Today, Garrett Farms is still located on a portion of the original land and Jacko and his wife Nancy have continued the tradition of success. One of the main reasons for this is their dedication, hard work, and willingness to invest in the future.

Jacko realized that even though the rice farm had been successful for all these years, it still required a great deal of water resources and labor to raise this crop. He also understood that water was becoming a precious resource that continued to increase in price and importance to other sectors of society. He felt that it was his responsibility as a farmer and landowner to find ways to minimize these inefficiencies, but still increase his profitability.

While exploring options to improve his bottom line, Jacko learned about the technique called precision grading that could not only help him significantly reduce his water requirements, but also the amount of hired labor to constantly watch and adjust the many levies needed to flood the rice fields.

The technique involves mapping the fields with highly accurate Global Positioning System (GPS) and laser survey equipment, which then displays a contour map on the computer. The engineers can display different options of how the fields should drain and where the levies would now be located prior to moving the first bucket of soil. Jacko was able to consider other land use options, such as where new access roads would be located as well as an airstrip.

The grading had to be done with highly trained equipment operators since the fall of the land had to be contoured to an accuracy of less than 1/8 of an inch. Graders with dump and ejector buckets were used to scrape the ground and move the soil around so the water would drain properly. Jacko estimates that his water usage is now 40% less than what it was prior to the precision grading on his fields and has also increased his yield by approximately 15% as well. With nearly 1,900 acres of his ranch in seed rice and row crop production of which 855 acres has been precision graded, this equates to a great deal of water and cost savings.

As flat as the land seemed prior to the precision grading, there were still small undulations in the ground plane that resulted in variations in depth of the water that had to be controlled by numerous levies. For example, on one 20-acre piece of this land there were approximately 20 levies, now there are only two. It would take a team of three workers approximately a full day to manage the levies on one of the 450-acre parcels of fields. Now it takes one worker about half a day to accomplish the same task.

Another example of Garrett Farms’ commitment to water conservation is their plan to construct a water storage reservoir on one of the lower areas of the farm that is intended to capture the drainage water from the fields and additional runoff from rains. The fields must be drained about two weeks prior to harvesting the rice crop. Currently, the fields are drained and the water returns to the nearby river. Jacko would like to capture this drainage water in the reservoir and recycle it back to the fields with a series of pipes and pumps. After the first cut of rice, the fields can be re-flooded and the second crop will be ready for harvest in approximately another 75 days. Since water prices from the local water authority have more than doubled in the past year, the recycling of this water will be another improvement to reduce his water use and costs.

Although this was not an inexpensive undertaking, these efforts have paid off and according to the IRS, if you are in the business of farming, you can choose to currently deduct your expenses for soil or water conservation or for the prevention of erosion of land used in farming.

Jacko Garrett leads by example with a strong commitment to water conservation and land stewardship on this beautiful land that has been in his family since 1936. This is a wonderful example of how even a farmer/rancher from an older generation is taking on the responsibility to understand this new generation’s water issues and has invested in the technology to conserve water while still operating a successful farm and ranch business.

Jacko also said that one of the added benefits to this type of land and water use is that when the fields are flooded there are more teal and other ducks than you could possibly imagine. Certainly a sight worth seeing.

Garrett Farms has been put on the market and additional information regarding the land and operations can be obtained from agent Minor Taylor with Property Connections in Bay City, TX. Phone 979-245-6055. This farm is offered for $7,966,374.

Tom Roberts is the author and will be working on the second and third articles in the Water and the American Land Owner series for Open Fences Magazine. He is the president of Western Lands – Ranch Restoration Services located in Parker, Colorado. His company designs, develops, and manages land enhancement programs for legacy and investment grade ranch projects throughout the United States. www.western-lands.com. Please contact him at tom@western-lands.com with any questions, comments, or ideas.

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Hacienda Pinilla Announces Auction to Secure New Owners, Fund Foundation

August 21st, 2012

August 21, 2012 (KANSAS CITY, Mo.) – Agroganadera Pinilla, S.A., the owner of Hacienda Pinilla Beach Resort and Residential Community, Guanacaste, Costa Rica, announced today that it will offer qualified investors and developers a unique opportunity to participate in an auction of the Hacienda Pinilla to accelerate the realization of the vision for the project. Additionally, net proceeds from the newly invested capital will be used to permanently fund the operations and charitable work of Guanacaste Ventures U.S., Inc., and its counterpart foundation in Costa Rica, Fundación Progreso Guanacaste, each established by Mr. H.G. (“Pat”) Pattillo, majority shareholder of Agroganadera Pinilla, S.A., to continue the work of the foundations focused on education, healthcare and affordable housing for the people of Guanacaste.

“For over 40 years, I have been blessed and enriched by the opportunity to be part of the Guanacaste community and feel as strongly now as ever about the importance of investing in its future. As I advance in my years, it is important for me to make certain that the work of the foundations continue after I am no longer able to personally ensure that funds are available for continuation of the foundations’ operations. It is our intention to secure a new investor for the project as soon as practical so that we can build on the work of the foundations, which has included the improvement or repair of over 45 schools in Guanacaste, local medical assistance, construction of affordable housing, and scholarships for Guanacaste young people to attend universities in the U.S. It is also important that we continue to build value in the project for the benefit of those that call Hacienda Pinilla home” said Mr. Pattillo, an entrepreneur and philanthropist from Decatur, Georgia.

United Country Real Estate, a premier global real estate brokerage and auction company specializing in marketing distinctive, investment grade real estate assets, has been engaged to assist Agroganadera Pinilla, S.A. to market the project to qualified investors internationally in cooperation with David Pinsel, Managing Director of Colliers International North Texas, and Patrick Duffy, President of Colliers International Houston. The property will be offered to the highest bidder subject to seller confirmation of the offer.

“The newly-renovated international airport – only a 45-minute drive from the project, with increased daily flights and passenger traffic – puts Guanacaste is on the ‘short list’ for global tourists and retirees. Hacienda Pinilla is the premier established resort in the area and combines all the amenities and convenience expected of a world class destination resort community and the best of what the Costa Rican lifestyle has to offer,” said Mr. Dan Duffy, Chief Executive Officer, United Country Real Estate. “There is a reason why the developers of the recently opened J.W. Marriott chose to build on this property. They were secure in the fact that the extensive in-place infrastructure, comprehensive permitting and extensive amenities which include a Mike Young designed 7,300 yard masterpiece 18 hole golf course, beach club and spa, fine dining, equestrian facilities, Certified Audubon International Sanctuary and world class white sand beaches would drive interest in their property…and they were right” added Mr. Duffy.

“Due to the scale of what is being offered to the market, approximately 4,450 acre master-planned and permitted communities and the unique opportunity for investors and developers to invest in a one of a kind project with exceptional infrastructure and “turnkey” operations, Hacienda Pinilla will be offered both in carefully articulated development parcels and in its entirety,” said Mike Jones, President, United Country Auction Services. “We are already receiving exceptionally strong interest in the project. With multiple beach and ocean front, golf course and mountain hotel and residential development tracts, equestrian ‘ranchette’ communities, retail and mixed-use sites there is really something for every developer serious about being part of a truly unique development opportunity in an exceptional part of the world.”

United Country Real Estate is the principal broker and auctioneer representing the seller for this offering in cooperation with Colliers International. Interested parties are welcome to visit www.HaciendaPinillaAuction.com or call 1-800-444-5044 or 1-816-420-6253 to learn more about the investment opportunities at Hacienda Pinilla.

About Guanacaste Ventures U.S., Inc., Fundación Progreso Guanacaste and Hacienda Pinilla

Guanacaste Ventures U.S., Inc., is a private non-profit organization dedicated to improving education, health and housing in the Americas. In cooperation with its sister foundation in Costa Rica, Fundación Progreso Guanacaste, Guanacaste Ventures U.S., Inc., has provided scholarships to Costa Rican students from the region of Guanacaste for use in attending U.S. colleges and universities. The foundations were established in 2005 by Mr. H.G. (“Pat”) Pattillo, the majority shareholder of Agroganadera Pinilla, S.A. The original idea was to use profits garnered from the Hacienda Pinilla Beach Resort and Residential Community to improve the lives and offer educational opportunities of the citizens of the Guanacaste region of Costa Rica. The foundations have used these funds to build and renovate numerous schools and houses, and to fund educational and healthcare initiatives, as well as provide scholarships, every year since its inception.

About United Country

United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Central America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,000 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs with national distribution , an extensive buyer database and national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Foreign Investment in US Ranch and Land Markets

August 2nd, 2012

Fay Ranches Client Acquires Three Sites on Historic Jackson Hole Property

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