Clift Land Brokers, Bryan Clift was reelected to the Texas Wheat Producers Board, representing district one. The elected board members took an oath of service delivered by an official from the Texas Department of Agriculture as required by state law. Board members are elected by their peers from four districts across the state and are responsible for managing funds from a statewide wheat producer check-off of two cents per bushel. These funds are applied to wheat research, education and market development to provide additional value to wheat farmers across the state. For the full article click Here.
Pictured from left to right: Greg Good, George Clift, ALC, Brady Cowan, Tom Benton, Jerry Schniederjan, Gary Sutherland, Sheldon Snyder, ALC
The 29th Annual Outlook for Texas Land Markets Conference was held in San Antonio, TX this year and our guys were excited to attend. This is a wonderful event that provides information on a variety of legal, economic, social, and natural resources issues influencing current land market dynamics.
Interesting post regarding the duty owed by an executive right holder to non-participating mineral owners. Click here for the full article.
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!
(pictured from left to right: Hadley Perkins, Eric Turpen, Bryan Clift)
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.
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.
We received the press release from the WRCA announcing their new agreement with the City of Amarillo to keep the 2019 and 2020 World Championship Ranch Rodeo at the Civic Center in Amarillo. We are a proud sponsor of this event each year and encourage you to come out to see us this year November 8-11, 2018. Read the press release here.
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
Interesting facts about measuring land. Learn the definition of measurement terms such as Acre, Hectare, Chain, etc. Contributor Tom Dorn, Extension Educator, University of Nebraska Cooperative Extension in Lancaster County. University of Nebraska Facts
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.