New article May 16, 2018 by Farm Credit Bank of Texas (land.com)
The largest overhaul of the U.S. tax code in three decades went into effect this year, impacting farmers, ranchers and other rural landowners in a variety of ways. For the most part, financial experts anticipate benefits for these groups.
“The 2018 tax law changes include several items that I feel will be beneficial to agricultural producers,” says Burl Lowery, a Brownwood, Texas, certified public accountant and director of Central Texas Farm Credit. “The increase in the exemption in estate and generation-skipping taxes to $11.2 million in 2018 will allow more farmland to be passed to future generations with less or no estate tax.” READ ARTICLE
The extreme drought conditions are expanding in our region. Here is the latest map from the Drought Monitor and a link to their reports. Drought Monitor
Greg Good (Perryton) and George Clift, ALC attended this year’s RLI National Land Conference in Nashville, TN. It was a great conference, offering lots of good information for Land Brokers. We are looking forward to next year’s conference in Albuquerque, NM.
March 8, 2018 Realtors Land Institute
Choosing how to save for retirement can be a decision that takes years. After all, that’s the money that you’ll be living on during your golden years. Most people stick to 401ks and stocks, but what many people don’t know is that you can invest in land real estate to save for retirement. Investing in land real estate can be a great way to save money long-term, but with any investment, you need to know what type of land to invest in, what sort of returns you can expect, and what to avoid when investing in land real estate.
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.
George Clift was recently interviewed for a question & answer article in the January 18, 2018 issue of the Farm Journal LandOwner Newsletter. See the article here.
There are other articles about the New Tax Bill and Farmland Values you may also find interesting. Click here to read the entire newsletter.
This Pipeline Easement Negotiation Checklist from the Texas A&M AgriLife Extension office may come in handy as more and more oil & gas pipelines are being built. Texas Pipeline Easement Negotiation Checklist.
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.
Land Owners and Hunters Can’t Be Far Apart on Lease Prices (LandThink.com)
Last month, the LANDTHINK Pulse posed the following question to our audience: In your opinion, what is a fair price to pay for leasing good hunting land? See the RESULTS
George Clift is in Kansas City, MO attending the National Association of Farm Broadcasters 2017 and helping out in the Realtors Land Institute booth with Chuck Wingert.