CLB’s Annual Christmas in “October”

Christmas in October, I know it sounds uncanny, but if you really think about it, it’s actually quite brilliant! What better time to bring the family together than before the holidays consume all of our time? This year’s CLB Company Christmas party took place at the Coors Cowboy Club and included a wonderful steak dinner and some very competitive games.  George Clift presented the 2018 Sales Awards to the following Sales Associates:

Top Sales Agent – Sheldon Snyder, ALC

Top Auction Sales – Bryan Clift

Largest Transaction – Sheldon Snyder, ALC

Most Transactions – Eric Turpen

Ten Million Dollar Club – Hadley Perkins

Twenty Million Dollar Club – Sheldon Snyder, ALC

Thanks to these Sales Associates for all of their hard work in 2018, and Congratulations!

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(pictured from left to right: Hadley Perkins, Eric Turpen, Bryan Clift)

Brady Cowan Completes Auctioneer School

Sales Associate, Brady Cowan of Amarillo attended the World Wide College of Auctioneering this past September in Denver Colorado. He, along with 37 others, had an intense week of hands on training, covering all phases of auctioneering. Brady successfully completed the course of instruction and received his diploma in All Phases of Auctioneering, as well as being a Certified Bilingual Auctioneer. He has earned the honorary title of “Colonel” and we would like to congratulate Brady on his accomplishment.  Please feel free to call Brady and congratulate him at 940-733-9608.

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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.

Land Transition Can Lead to Unintended Consequences

Land Transition Can Lead to Unintended Consequences
by Allan Vyhnalek, University of Nebraska Extensions

Grandpa and Grandma farmed. They retired. They had two irrigated quarters. They had two sons who had started farming operations themselves. So, their transition plan was to give a quarter to each of the sons at their passing. Grandpa passed away, followed by the Grandmother about a year or so later. The lawyer handling the estate was not given specific instructions about the transfer of the quarters. He just put number one and number two in a hat, the sons drew a number.

Then there were problems. Turns out that one quarter was nearly perfect. Good soil, highly productive, and had a good well. The second quarter was sandy, alkali spots, significantly less productive and had a well that was in trouble, actually sucked air at times. There was a huge argument about being fair. One son felt it was fair that each got a quarter. The son who got quarter two didn’t feel like he was treated equitably at all.  See Entire Article

 

Breaking Down Mineral Rights

March 14, 2018, Realtor Land Institute Post

Mineral rights are so complex that most of the time, people would instead hire a lawyer to deal with them. The bad news is, there is a lot of truth in that statement. Mineral rights can be tied up in tricky deeds going back generations. The good news? We’ve collected the most commonly asked questions about mineral rights to help you get a better understanding of one of the most complex issues in the land industry.

READ POST

Texas Bankers Speak Up on Land Values

Agricultural Survey…Quarterly Survey of Agricultural Credit Conditions in the Eleventh Federal Reserve District. The Eleventh Federal Reserve District consists of Texas, northern Louisiana, and southern New Mexico.

The survey shows, dryland and ranchland values both increasing while irrigated land values dropped. See the entire report here.

Greater Sage Grouse

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.