February 14, 2017 (Chicago, Ill.)- Recreational and residential land sales accounted for 50 percent of all closed land transactions between October 2015 and September 2016 according to a newly released Land Markets Survey published by the REALTORS® Land Institute and the National Association of REALTORS® Research Department. Broken down, sales increased at the largest rate for timberland at 5 percent and residential land at 4 percent, with the northeast region of the U.S. leading the way for both types of land. In turn, land prices increased the most for timberland at 5 percent and residential land at 3 percent. During the same period, prices of agricultural irrigated land decreased by 1 percent and non-irrigated land decreased by two percent. This shift from a growth in agricultural lands to a growth in recreational and residential land is likely related to the slump in commodity prices. The survey also took a look at the types of buyers and sellers involved in the transactions. Individual/family were the major buyers and sellers of U.S. land, with the northeast U.S. accounting for the largest share of individual/family buyers (35 percent) and sellers (26 percent). The survey also predicted an average growth of 2 percent across all land types through October 2017, with a 3 percent growth expected in each sector for timber, residential, and greenfield development land. Of all properties bought or sold, mineral rights were conveyed in 68 percent of all transactions, making knowledge in mineral, oil, and property rights a hot topic for real estate professionals. READ ENTIRE PRESS RELEASE
February 16, 2017 – Hall Co. TX 990 + Acres will be offered in three tracts. – Donley Co. Activity Center, Clarendon, TX – 2:00 pm. Capital Farm Credit will sponsor a Hamburger/Hotdog Feed prior to this auction. If you will attend this auction, please feel free to come early and join us for lunch.
March 3-9, 2017 – Sherman Co. TX ONLINE AUCTION. 653 + Acres of Mostly CRP Land.
March 10-16, 2017 – Dallam Co. TX ONLINE AUCTION. 640 + Acre Irrigated Farm.
Download our Clift Land App to your mobile device or bid directly from our website at http://www.cliftlandauctions.com/online-auctions/.
On October 27th, CLA concluded its first online land auction. And what a success! We had bidders from Oklahoma, Texas, Tennessee, and Louisiana, for a total of 42 bids. Half of those bids came in the last two hours of the auction. We had bidders on this auction who would not have come to a live auction. So we are excited about this outcome. Download our Clift Land App today to check out our next auction. It is set for December 2nd at 8:00 am CST thru December 8th at 12:00 noon CST and involves a 158 +/- Acre Farm in Carson Co. TX. You can also access our app through our Clift Land Auctions website, Online Auctions tab.
How can you bid on one of our online land auctions? Download our Clift Land App to your mobile devices from Google Play (Android phones or tablets) and the Apple App Store (iPhones and iPads) or bid directly from our Clift Land Auctions website. The next online auction is for a 622 +/- Acre Irrigated Farm in Texas County in the Oklahoma Panhandle. Bidding begins at 8:00 am CDT on Friday, October 21st and will end in a soft close at 12:00 noon CDT on Thursday, October 27th. For more information call our office at 800-299-LAND (5263). Texas County Irrigated Farm Online Auction
Online land auctions are the wave of the future, and Clift Land Auctions is excited to announce our expansion into this new venue. This is a new area for us, but we believe a needed move to better serve all of our clients. We will still hold live multi-parcel auctions, because the online platform does not fit every property. We are in the development phase for our Clift Land App, which should be ready for download early in October. Our first online land auction is scheduled to begin on October 21st. Stay tuned for the latest on this new auction service.
Press Release…August 2, 2016 – Amarillo, Texas
The Land Report magazine recently announced their 2015 America’s Best Land Brokerage firms in their Summer 2016 issue, and for the fifth year in a row, Clift Land Brokers made the list. According to the magazine, each year the editors of the magazine select the Country’s leading real estate firms specializing in Land.
Clift Land Brokers’ 21 agricultural land sales associates exceeded the $50M mark in land sales in 2015, primarily in the Texas and Oklahoma Panhandles. When asked how Clift Land Brokers consistently makes this prestigious list, George Clift commented, “We work diligently to understand the land business and stay on top of current land issues. Our mission is to provide our clients with solutions to the challenges they face in their land transactions.”
In the same report, Clift Land Auctions was named one of the 2015 Top Auction Houses, being the sole choice in the Southwest Region of the U.S. Clift Land Auctions works closely with Clift Land Brokers to offer landowners a full range of marketing options for their farms and ranches.
Clift Land Brokers has been working with area landowners for over 19 years, becoming the largest land broker in the Texas and Oklahoma Panhandles. For all your land real estate needs, call Clift Land Brokers at 806.355.9856.
No matter who wins this November’s presidential election, one of the first items facing a new Secretary of Agriculture will be developing a 2018 farm bill, a process sure to begin early in 2017. As we start that effort, it is worth noting that for all its rich diversity, American agriculture seems to be united behind a few large overarching issues: coordinated and scientific regulatory policy by EPA, FDA, and USDA; healthy trade promotion; biotechnology; and farm labor issues, including immigration.
June 3, 2016 – College Station, Texas
Associate Broker and CLB Littlefield Branch Office Manager, Eric Turpen recently attended the Texas Agricultural Lifetime Leadership (TALL) XIV class graduation. Eric was among the 28 outstanding young ag leaders chosen to participate in the two year XIV class. Texas Agricultural Lifetime Leadership is a competitive leadership development program that includes seminars with experts, on-site tours, meetings with business and government leaders, international study and personal skills improvement. It is quite an honor to be chosen for the TALL program, and we would like to congratulate Eric on his accomplishment. Please feel free to call Eric and congratulate him at 806-679-6206.
Marcia Zarley Taylor, DTN Executive Editor
LOUISVILLE, Ky. (DTN) — U.S. agriculture could dodge the long-feared collapse in farm real estate prices this commodity cycle, contend economists, lenders and appraisers attending a Farm Foundation meeting this week. But some cautioned the bubble more likely to burst will be used farm equipment values over the next year if profit margins don’t improve.
“Land values haven’t seen near the pullback that everyone predicted,” observed Bruce Sherrick, director of the TIAA-CREF Center for Farmland Research at the University of Illinois. That moderation makes sense, he added, given that farmland investors keep a long-term perspective on value despite blips in day-to-day commodity prices.
“Land investors’ expectations of future income are more like climate, not weather,” Sherrick said. If it rains too much one season, it doesn’t mean the climate has changed, he said, any more than an abrupt correction in commodity prices necessarily undermines farmland values with a 30- to 50-year history of double-digit appreciation.
“The old saying is that economists have predicted nine of the last five recessions,” Sherrick said. “The farmland bubble has been over predicted as well.”
Randy Dickhut, a senior vice president and head of appraisals at Omaha-based Farmers National Company, agreed, describing the market as balanced. After studying recent sales in the more than two dozen states where the company operates, “what we’re seeing in farmland is an equilibrium between buyers and sellers, not a bubble,” he said. READ ARTICLE