2018 USDA Land Value Report

Agricultural Land Values Highlights

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,140 per acre for 2018, up $60 per acre (1.9 percent) from 2017 values. Regional changes in the average value of farm real estate ranged from an 8.3 percent increase in the Southern Plains region (includes Texas (9.1% increase) and Oklahoma (5.3% increase) to 1.4 percent decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,430 per acre. The Mountain region had the lowest farm real estate value at $1,140 per acre.

This report from the USDA is a 22 page report.  Read the full report here.

Clift Land Auctions Gets $1.7 M for OK Panhandle Farm

Clift Land Auctions Gets $1.7 M for OK Panhandle Farm

IMG_1495On Thursday, May 28th, Clift Land Auctions held a land auction in Boise City, OK.  Up for sale in three individual tracts was 1,281 acres of Oklahoma Panhandle irrigated farmland.  “While most of the interest in this farm came from the Boise City and Felt, OK area, we had interest as far away as Amarillo, TX and Cheyenne Wells, CO,” commented George Clift, owner of Clift Land Auctions and Clift Land Brokers in Amarillo, Texas.

While eleven people registered to bid at this auction, most of the competition for this farm came from four determined bidders. “That’s what multi-parcel land auctions are all about”, said Clift, “When you split a place into multiple tracts, you bring in more potential buyers, some interested in just one tract, others wanting to combine two or more tracts, and still others wanting the entire property.” This auction ended with the three tracts going to three separate buyers.

IMG_1509To kick off the bidding, Auctioneer Todd Robertson conducted a charity auction, soliciting a donation to the Felt Foundation, LLP for the Felt School System.  Winning this auction and donating $650.00 to the Foundation was Farm Credit of Western Oklahoma out of Guymon, OK.  Shawn Davis and Wes Fitzgerald attended the auction representing the lender. Farm Credit also sponsored the refreshments for the auction.  As at each auction, Clift Land Auctions will match this donation up to $500.00, making it a pretty good day for the Foundation. (Pictured: Shawn Davis, Farm Credit of Western OK, Shirley Camilli, Felt Foundation, LLP, and Wes Fitzgerald, Farm Credit of Western OK)

In the last five years, Clift Land Auctions has sold over $27M in farms and ranches, proving the value of multi-parcel auctions.  For more information about Clift Land Auctions, the multi-parcel land auction process, and how you can benefit from this marketing option, visit CliftLandAuctions.com or call 800-299-LAND (5263).

Outlook for Texas Land Markets

Outlook for Texas Land Markets.  It’s been a great conference in San Antonio this week. Currently, Joe Outlaw is discussing the changes to the Farm Bill.  Six Clift Land Brokers representatives are here at the conference.  Just another way for us to stay up on land issues and continue being the Land Experts. Why would you go any place else for your farm and ranch real estate needs?

Front Range Dairy Auction Set for January, 2015

Front Range Dairy Auction Set for January, 2015. Clift Land Auctions will offer for sale by auction the Front Range Dairy plus approximately 988 acres of highly productive irrigated farmland. This is an Absolute Multi-Parcel Auction – NO RESERVE!  We will offer three individual tracts for sale.  You can buy one tract, a combination of tracts, or the entire property. Go to our auction website for more details. Auction Details.