Tuesday morning, at 9am, Secretary of Interior Sally Jewell made the announcement that the Greater Sage Grouse will not be listed on the endangered species list. “This is truly a historic day in the history of the American West cattle business,” said Oregon Cattlemen’s Executive Director Jerome Rosa. “Through collaborative efforts by ranchers, energy companies and conservationist reducing the decline of the sage grouse habitat in 11 Western states, the need for a listing was not needed.” See entire article at AgWeb.com.
by Stephen Donnell, SR VP Lending, Plains Land Bank, Amarillo, TX
Interest rates have been about as volatile as the commodity markets in recent months. Our long term interest rates have moved up and down over three-tenths of a percent since March. Some months, it appears the Fed’s increase in short term rates is pushing long term rates higher, only to see those rates fall back the next month. Very hard to predict. We have had a number of customers recently locking in some long term money to hedge against rising interest rates. That appears to be a sound strategy, especially if you can catch a dip in rates.
As to land sales, land prices and buyer interest, it just flat depends on where you are. Areas of the Panhandle have seen some softening of land values and there are farms for sale. In other areas, the values have not backed off much, and there are very few farms listed for sale. The “crash” in land values that some feared a couple of years ago has yet to materialize, and loan demand here at Plains Land Bank is running ahead of last year.
Never Buy Land Without an ALC…. 4 reasons from an article on Land.com written by Luke Worrell, ALC
This article outlines 4 of the reasons you should never buy land without an ALC (Accredited Land Consultant)…..Trust….Skill….Knowledge…Connections.
“When it comes to selling land, I am absolutely convinced that ALCs are the best in the business. For starters, you can only become a designated ALC after you have proven yourself in the field.”
Read the entire article here.
New Logo…New Location
They call us “movers and shakers” in the Land Business. Now we really are moving.
Clift Land Brokers and Clift Land Auctions are moving to our new location in the Wells Fargo Bank Building at 905 S. Fillmore St., Suite 102 in downtown Amarillo.
We are excited about relocating to this great location in the heart of Amarillo’s business and economic activity. We are also sporting a new logo for Clift Land Brokers.
The address and logo are all that are changing. Our focus remains the same. We still specialize in farm and ranch real estate, and are still dedicated to providing a complete package of real estate services and top-notch customer service to our clients.
Come by our new office anytime for a visit. We appreciate your business and friendship.
June 6, 2017, Ag Web
Selling Opportunity for Landowners
For non-operating landowners, today’s prices offer an opportunity to sell and capture some of the land appreciation of the past few years, Dickhut says.
“So far, few farm operators are selling land, and investors continue to be in the market looking for opportunities to add acres to their holdings,” he says. “The slow decline in the land market is part of the reason some are selling.”
On the flip side, the current land market conditions also offer good buying opportunities.
See entire article on AgWeb.com
Clift Land Brokers was well represented at the 27th Annual Outlook for Texas Land Markets in San Antonio in April. As usual, a lot of great information came out of this conference. One highlight was the presentation by Dr. Charles E. Gilliland, PhD, Research Economist for Texas A & M University Real Estate Center on Texas Land Values. Click here for a copy of that presentation.
While 2017 1st quarter land values were up statewide 1.8% over 2016 4th quarter, and while other regions showed an increase, Region 1 – TX Panhandle and South Plains Region was down 3.4% over the end of last year. There was too much good information to cover on this forum, so be sure to download Dr. Gilliland’s presentation.
For years, Congress has been thinking of making changes to 1031 exchanges but no one really took them seriously. Well, I think that we better start taking them seriously now because the general consensus is that they are going to make changes and it’s going to happen sooner than later. And it probably won’t be pretty. Read Article
Amarillo, TX – On Saturday evening, April 1, 2017, George Clift, owner of Clift Land Brokers and Clift Land Auctions here in Amarillo, received the Graduate of Distinction Award from Oklahoma State University in Stillwater, OK. “This award, presented annually since 1949, recognizes graduates with a B.S. degree in Animal Science at OSU who have compiled outstanding records of achievement and service.” (okstate.edu).
George has been involved in Agriculture for over 40 years. After graduating from Oklahoma State University in 1979 with Animal Science and Agribusiness degrees, he went to work for the Ralston Purina Company, where he spent 18 years working in the livestock feeding industry. In 1997, George began his real estate brokerage business in Amarillo, specializing in farm and ranch real estate and land auctions. George is a licensed Real Estate Broker in Texas, Kansas, Oklahoma, Nebraska and Colorado. In 2005, he earned the Advanced Accredited Land Consultant (ALC) designation from the REALTORS® Land Institute. In 2015, George received the Institute’s most prestigious honor, the 2015 Land Realtor of America Award. Of the OSU award George said, “It is truly an honor to be recognized by my alma mater in this way. I have dedicated my career to helping farmers and ranchers across our region achieve their business goals.”
George Clift spearheaded a campaign to challenge all Texas Association of Realtors® members and REALTOR® Land Institute members to donate to the Wildfire Relief Fund. We sent out the following letter to all TAR Members. A similar letter went out to RLI members, also offering the Ashland Community Foundation Wildfire Relief Fund as a suggestion for donations.
The numbers are mind boggling….
-hundreds of thousands of acres of grassland burned
-thousands of square miles of devastation
-homes and barns destroyed
-tens of thousands of head of cattle burned to death
-ranchers’ lives lost trying to save their livestock
-so many lives changed forever
We are tough, here in the Texas Panhandle, but the week of March 6th was devastating to so many of our friends, neighbors, and clients. Some ranchers have lost everything.
As we have watched this unfold, we have felt a strong need to “do something”. So many from across our Region, the State of Texas, and our Nation have come forward to ask, “What can we do to help?”. Most are stepping up to the plate by sending supplies to those who are fighting the fires, hay to feed the cattle that are left, equipment, labor, and monetary donations.
We have reached out to those we knew were affected by this week’s wildfires, and asked what they needed the most. Their answer was help replacing the miles and miles of burned fences. That’s a priority, after making sure their families are safe and their surviving stock are fed. Our job was to find the best way to direct our help to those who need it the most.
The needs will be ongoing for quite some time. With cost running somewhere around $10,000.00 per mile to rebuild these fences, we believe this is exactly where those of us in the land business need to step up to the plate and help.
I am reaching out to all our TAR colleagues, asking you to help us do this for these ranchers. I would like to challenge you to make a donation to the following Foundation. WRCF is a 501(c)3 organization, so your donation will be tax deductible. I believe the WRCF will be the most efficient means in getting donated funds to where they are needed, as quickly as possible.
Working Ranch Cowboys Foundation
% Kaycee Hooper, Foundation Manager
408 SW 7th Avenue – Amarillo, TX 79101
(Reference “Wildfire Relief Fund” in the memo line of your check)
To make an online donation, go to http://wrca.org/foundation/ and click on “Make a Donation”. In the comment section write “Wildfire Relief Fund”. The foundation will make sure your donation goes directly to ranchers who have been effected by these wildfires.
It’s times like these that we all have to stick together and help one another. I appreciate any assistance you might offer. Thank you for your kind support.
George Clift, ALC
Clift Land Brokers
3430 I-40 West – Amarillo, TX 79102
(806) 355-9856 – (806) 674-8979
Ashland Community Foundation – P.O. Box 276, Ashland, Kansas 67831
Go to www.ashlandcf.com. Scroll down to the bottom and click the Donate button. If paying by check, write “Wildfire Relief Fund” in the Memo Line. If donating online, click on “+ Add Special Instructions” and designate Wildfire Relief Fund.
There was a lot of excitement around the office this morning as we closed another successful online auction. We had a total of 18 registered bidders with about half of the bids coming in the last 30 minutes of the auction. Online Auctions are becoming more important in the marketing options for selling your farms and ranches. Five of our registered bidders were from “out of the area”. These bidders more than likely would not have attended a live auction. Call Clift Land Auctions for more information about our online auctions. 800-299-5263.