10 Factors that Drive Farmland Value

Here is an interesting perspective on land values from Sara Schafer, AgWeb.com Business and Crops Online Editor.  Sara talks about Global factors that impact your farm value. She quotes Tim Hopper, chief economist at TIAA-CREF, a financial services and investing organizaiton, saying, “People have an intuitive sense of what their land is worth. Yet to stay ahead of the curve, he says, farmers should think beyond their farm gates.”  Click here for the entire article.

George Clift, ALC Honored with The Owen W Sherrill Award

Owen Sherrill Award 2013

April 25, 2013
The Owen W. Sherrill Award was presented to George Clift, ALC at the Texas A&M 23rd Annual Outlook Land Markets Conference in San Antonio, TX

The Award honors a Realtor who has contributed to the overall positive image of an outstanding, professional Texas Farm and Land Broker. This award was instituted in 1976 to honor the First President and Organizer of Texas Realtors® Land Institute Chapter #22, Owen W. Sherrill, AFLM

Progressive Farmer article on land values.

Here’s an excerpt from an article on land values published in the November 2013 issue of Progressive Farmer….”Clift Land Brokers has a big footprint when it comes to farm and ranch land, leaving George Clift with a broad perspective.  The broker says there are two regions he’d look to invest in today: the High Plains of Texas or the eastern areas of North Carolina, Georgia and Alabama.  In the High Plains, he’d focus on grain-deficit areas, where the commodity brings a premium over the Midwest. He says land here is a consistent producer, drawing from underground aquifers.

“Returns of farms in the High Plains will exceed that of other regions, but you have to understand it. Here it’s all about water and the regulation of water.”

Land prices in the High Plains can range from $750 to $6,000 an acre, depending on the water situation, he explains. But irrigated cropping means you control the variables. A typical irrigated corn crop will take 24 inches of water, and yields will consistently average 220 to 240 bushels per acre.

Looking east, Clift would want to buy land where you could take out trees and convert to row crops. He expects yields on his investment would be 5 to 6% in the High Plains versus 3% in the Midwest, 4 to 5% in the Delta and 4 to 5% in the eastern states.

Here’s the full article Progressive Farmer – Land Values

 

George Clift New RLI National President

November 8, 2013 (San Francisco, CA) -Tradition was honored as the REALTORS® Land Institute installed the 2014 Executive Leadership team at the Induction and Recognition Luncheon in San Francisco, CA on November 7, 2013. Chris Polychron, 2013 Vice President of National Association of REALTORS® swore in 2014 RLI National President George Clift, ALC; 2014 RLI National President-Elect Terri Jensen, ALC; and 2014 RLI National Vice President Bob Turner, ALC.

The 2014 RLI National President George Clift stated, “I appreciate the honor and privilege of serving as your president for 2014-the year of the Institute’s 70th Anniversary.  With its rich history and strong future, we will Celebrate the Culture of the Institute and the esteemed Accredited Land Consultant (ALC) designation.”

Members and guests witnessed the historic passing of the gavel by all RLI Past Presidents in attendance. Then, the 2013 RLI National President Chuck Wingert, ALC, was saluted for his accomplishments to “build the future” in 2013. He will continue to serve on the executive team as the 2014 RLI National Immediate Past President.

The Institute had a successful year with increased awareness through communications, corporate outreach, connections with local and state organizations, and interaction with leadership of the National Association of REALTORS®; and had record attendance at the 2013 National Land Conference. Two new membership categories were added-The Military Transition Program and International Membership. In addition, the Institute rolled out new LandU courses and methods of course delivery, the ALC Code of Conduct was created, a Future Leaders Committee was formed, and the Institute advocated on Capitol Hill for issues such as water rights, taxation, GPS regulations, conservation, flood insurance, and the Farm Bill.

About the REALTORS® Land Institute

The REALTORS® Land Institute is the professional membership organization for real estate practitioners who specialize in land transactions. An affiliate organization of the National Association of REALTORS®, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. Through its best-in-class LandU curriculum, the REALTORS® Land Institute confers its Accredited Land Consultant (ALC) designation to only those real estate practitioners who achieve the highest levels of education, experience, and professionalism.