If you’re thinking about throwing on your overalls and investing in a ranch or farm, it’s important to know the difference in order to find the one that is right for you and your goals.
Investing in land is a simple process of purchasing property and creating value through revenue, appreciation, or tax benefits. Although it sounds that simple, many investors don’t understand the difficulty in selecting properties that make sense for their investment goals when they invest in farmland; for example, investing in farmland for retirement.
Land uses and values vary significantly across the United States’ 3.8-million-square-mile landmass. From farming and ranching to mining and recreational use, here’s a snapshot from Land And Farm about how America uses its land.
Congratulations to Sam Middleton with Chas S. Middleton & Son for his sale this week of 953 acres in West Texas’ Crosby County. The H-G Farms comprise two non-contiguous tracts of land located in a highly desirable farming area where land is rarely available.
This multi-farm opportunity includes Jessen Farm, Wegener farm and Eastern Colorado Irrigated Farm, all within 30 miles of each other along the Nebraska and Colorado state lines.
Among over 85,000 new properties listed for sale in October 2018, an $81-million dairy operation in the country's biggest dairy-producing county plus a 58,000-deeded-acre Montana ranch are among the month's most notable new land additions.
Congratulations to Mark Pyrak with Fort Benton Realty LLP for his sale this week of 6,240-acre Wilson Farms in northern Montana.
Congratulations to Pete Hall with Montgomery, Alabama-based John Hall & Company for his sale this week of 2,534-acre Hopson Farm, a multi-faceted estate to the east of Montgomery offering a diverse mix of pasture, timber and recreational acreage.
Congratulations to Dave Banzhaf, broker/owner of Englewood, Colorado-based Beacon Mountain Farm & Ranch, for his sale of 7,000-acre Reyher Farm this week. This sale was recorded on October 1 through the Lands of America Comparable Sales program.
Congratulations to J.D. Hewitt with South Dakota-based Hewitt Land Company for the sale of 3,620-acre Nelson Farm in Butte County, South Dakota. This sale was recorded on September 18, 2018, through the Lands of America Comparable Sales program.
Microfarms are common in the agricultural and farming industries, and allow farmers to tend to animals and grow crops on a smaller scale, and usually right in the middle of busy, bustling city centers.
Congratulations to Matthew Davis with Cushman & Wakefield for his sale of 5,193-acre Bird-Rosenbaum Ranch in Merced County, California. The $9.6-million sale was recorded on July 26, 2018, through the Lands of America Comparable Sales program.
Congratulations to John Kurtz of Kurtz Auction & Realty Company for the sale this week of 3,159 acres in Hamilton County, Illinois. Outland Ranch is a scenic recreational and equestrian property in the southern half of the state near McLeansboro
Congratulations to Tyler Striet at Chester-based Bootlegger Realty for his sale on February 9 of 4,367 acres in Liberty County, Montana.
Congratulations to Richard Dawson of Nebraska Land & Cattle Agency for his sale on January 17, 2018, of 2,297 acres in the western region of the Nebraska Sandhills.
Congratulations to Beaverhead Home and Ranch Real Estate's Chance Bernall for his sale of 3,158-acre Stone Creek Dry Farm in Beaverhead County, Montana. This sale occurred on January 9, 2018.
Congratulations to Pat Chohon of Waldo Realty for his sale of a 5,900-acre ranch in Brown County, Nebraska. This sale occurred on December 29, 2017.
Congratulations to Mirr Ranch Group for the sale on December 7, 2017, of 4,805-acre White Ranch in Baca County, Colorado. The ranch, which is located in the agricultural heart of southeastern Colorado close to the Kansas and Oklahoma lines, was sold for $4.7 million.
Congratulations to Blaine Bickelhaupt and Mark Grant of Blue Mountain Realtors for their sale on November 3 of 2092-acre Dryland Farm in southeast Washington's Walla Walla County.
We talk to Jonathan Pellegrin, author of "The Art of Selling the Family Business," about what it takes to prepare for and actually sell your family business.