Land Broker Cooperative Announces Launch of Innovative Website

The Land Broker Co-Op has just launched an amazing website and we wanted to share their press release “The Land Broker Cooperative (the Co-Op) is pleased to announce the first website for land, farms and ranches for sale using a map-based view as the primary search functionality” : Read The Full Press Release Here

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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

 

USDA Resumes Continuous CRP Enrollment

A new window has opened for sign-up for the Conservation Reserve Program (CRP).  USDA will resume allowing continuous CRP sign-ups from June 4 through August 17.

According to USDA, producers with contracts that will mature Sept. 30 and have a contract term of 14 years or less will also be able to enroll for a one-year extension during the same sign-up period.  However, producers with contracts that would breach the 15-year limit with a one-year extension are not eligible.

According to Pro Farmer’s Jim Wiesemeyer, USDA has not allowed continuous sign-ups under CRP so far in fiscal year 2018 as it sought to keep CRP acres under the cap of 24 million acres.

Limited priority practices are available for continuous enrollment, including grassed waterways, filter strips, riparian buffers, wetland restoration and others, USDA says.

Current CRP enrollment is about 22.7 million acres.  USDA has not published the number of acres in the CRP since September 2017 when there were 23.43 million acres enrolled in the program.

“There were 2.51 million acres scheduled to expire as of Sept. 30 while the FY 2017 continuous sign-up resulted in 1.185 million acres enrolled in the program with contracts to start Oct. 1, 2017,” Wiesemeyer says.

The CRP program has long been accused of inflating land prices.  USDA plans to combat that with updated soil rental rates for annual rental payments and will not issue any incentive payments.

–Anna-Lisa Laca, Farm Journal, LandOwner Newsletter June 28, 2018

 

RLI LANDU Education Week

2018 LANDU - Greg GoodGreg Good (back row), CLB Sales Associate and Perryton Branch Office Manager, recently attended the Realtor Land Institute LANDU Education Week in Arlington, TX.

June 11, 2018 (Chicago) – The Realtors® Land Institute (RLI), an affiliate of the National Association of Realtors®, is proud to announce a record-setting number of land real estate professionals in attendance at their annual LANDU Education Week. Fifty attendees from fourteen states gathered in Arlington, TX, last week to gain top-notch expertise through RLI’s Land University (LANDU) Education Program. Twenty-one of those students completed all 6 courses being offered towards the elite Accredited Land Consultant (ALC) Designation. READ PRESS RELEASE