Swan Land Company ~ Blog

05/27/2014
Posted by
Swan Land Company

We are pleased to announce the sale of the Lazy J Ranch located in Bridger Canyon near Bozeman, Montana.

Comprised of approximately 5,665 deeded acres, the Lazy J Ranch is the largest privately held block of land in the renowned Bridger Canyon in Southwest Montana.   Current zoning allows one residence per 40 acres creating an ideal candidate for a conservation-minded buyer.  This zoning designation also provides the potential for strategic and tasteful development in this highly sought after region in Southwest Montana.

Bridger Creek provides private trout waters, and the magnificent Bridger Mountains have a resident elk herd numbering in the hundreds.  Bridger Bowl Ski Resort and about three and a half miles of Gallatin National Forest border the Ranch.

The Lazy J Ranch has been held under the careful stewardship of the Taylor Family since the early 1960s and is being offered for sale for the first time in over fifty years.

 

03/14/2014
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Swan Land Company

Adjoining The Bob Marshall Wilderness Area to the east is the Gibson Reservoir.  Although the initial conversations about the creation of the Gibson Dam began in 1907, construction did not start until 1926, in part due to its remote location.  Even then the nearest railroad was still 23 miles away in Augusta.   Gibson Dam was the first American dam to be analyzed and designed according to the trial-load method.

03/06/2014
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Swan Land Company

Wheat Market Snapshot provided by Northwest Farm Credit Services

Article written January 10, 2014

Lower grain prices and a shifting marketplace face wheat producers entering 2014. Key factors impacting Northwest wheat growers include: 1) Falling prices: Although U.S. wheat production was down in 2013/14, worldwide wheat stocks rose. Stronger near-term prices are unlikely without a supply disruption. 2) No support from corn: Year over year corn prices have fallen from near $7 to mid-$4 per bushel. Ample supplies of corn are displacing wheat in feed grain channels. 3) Winter weather risks: Temperatures were atypically cold throughout the Northwest in early December. Limited winter kills losses were reported due to snow cover and/or adequate soil moisture. 4) Strong financial position: Northwest wheat producers’ financial positions are bolstered following several years of relatively strong crops matched with solid prices. Strong balance sheets are a solid strategy helping mitigate downside risks related to bearish wheat markets.

02/17/2014
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Swan Land Company

Cattle Market Snapshot provided by Northwest Farm Credit Services

January 10, 2014

Cattle markets closed 2013 strong. Key industry drivers include: 1) Improved pasture conditions and lower feed costs: Better moisture conditions in the majority of cattle producing regions significantly improved forage availability. A record large corn crop lowered corn prices and improved feedlot margins. 2) Record high cattle prices: Year over year fed cattle prices increased 8 percent and feeder cattle prices rose 11 percent. 3) Retail beef demand: Retail beef demand was up 3 percent in 2013. Challenges to demand include rising all fresh beef prices, up 4.6 percent during the same period.

Price Discussion

Record prices for all classes of cattle in 2013 are expected to hold into 2014. Recent reports include contract prices for 500 to 550 pound steer calves at $185 per cwt. Exceptions include lower cattle prices in Northern and Central California, where forage is constrained due to drought.

12/19/2013
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Swan Land Company

If you are considering selling a farm or ranch, there are important tax and financial planning issues of which you need to be aware.  Engaging in planning prior to a sale is critical for identifying these issues and for implementing strategies to effectively address them.

Listing Your Property For Sale

Your farm/ranch likely represents the majority of your net worth.  Who you choose to list your property with is a critically important decision.   Choosing the right ranch broker will not only help you obtain a top price for your property but will facilitate a smooth transaction.  For a list of questions you can use as a guide for interviewing a farm/ranch broker, request Wealth Guide titled: Interview Guide for Selecting a Farm/Ranch Broker.

Taxation of Farm/Ranch Assets

Various tax rates and tax treatment apply to the different types of assets involved with the sale of a farm or ranch.  How you allocate the sales price to the assets of your ranch will determine the tax you may ultimately pay.  It is imperative that you and seek direction from your tax advisors when purchase price allocation is being negotiated. 

11/26/2013
Posted by
Swan Land Company

We are excited to welcome Sam Sanders as the newest broker with Swan Land Company. Sam grew up working on his family’s ranches in Wyoming and Montana. Acquired from this ranching lifestyle, he has a keen awareness of the beauty, benefits and challenges of any given property. For 12 years Mike Swan and Sam worked closely together at Bates Sanders Swan Land Company. “Sam’s depth of knowledge and expertise in the real estate profession combined with his high level of integrity is a perfect fit for our team. The addition of Sam also allows us to now serve clients in Utah, Wyoming and Idaho as well as Montana ” states Mike Swan, managing broker and owner of Swan Land Company.

11/22/2013
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Swan Land Company

We are pleased to announce the sale of the South Willow Creek Estate located in Harrison, Montana. 

11/21/2013
Posted by
Swan Land Company

The first discovery of gold in Montana was in 1852 on what is now Gold Creek about twenty miles north of Deer Lodge.  Pan and sluice mining of gold by James and Granville Stuart, in 1860, attracted other prospectors to a district that was soon to be established. 

Deer Lodge is also the location of Grant-Kohrs Ranch National Historic Site, dedicated to the interpretation of the frontier cattle ranching era. This site was the home of one of the famous “Cattle Kings” of Montana – Conrad Kohrs, whose land holdings once stretched over a million acres of Montana, Wyoming, and Alberta, Canada. The Grant-Kohrs Ranch was built in 1862 by Johnny Grant, a fur-trader and trapper who encouraged his people to settle in Deer Lodge because of its pleasant climate and its ideal environment for raising cattle and horses.

Deer Lodge was named after a geological formation known as Warm Springs Mound which contained saline that created a natural salt lick for the local deer population.  Deer and other wildlife would winter in the protected valley as the temperatures in the high country dropped – hence the name Deer Lodge.

11/05/2013
Posted by
Swan Land Company

There are many important financial issues to be aware of when selling a farm or ranch.  Planning for a sale with a team of advisors well in advance of a sale is critical for identifying these issues and for implementing strategies to effectively deal with them.  One of the biggest issues is the income tax that can result from a sale.

Selling highly appreciated (or depreciated) property can result in a large tax bill.  Taxes due on the sale may range from 20% to over 50% of the sale price depending on the cost basis of your property and how your property is owned.  Prior to listing your property, it is wise to have a CPA perform a tax projection on the sale.  Having an estimate of the tax bill you would face is valuable information when considering tax-saving strategies.

Two financial tools are commonly used to defer or avoid tax on the sale of highly appreciated (or depreciated) property:  IRC Section 1031 Exchange and IRC Section 664 Charitable Remainder Trust (CRT).  Using one or a combination of these tools with a sale can save tax.  Money that would have gone to paying tax can then be invested to help generate income for you and your family. 

10/22/2013
Posted by
Swan Land Company

During the 1800’s the land near present-day Big Timber, Montana was somewhat of a cross roads for the Indians of the region.  The first white men know to be in the area were William Clark and his Corps of Discovery.  As noted in Clark’s journal, “Rivers Across” refers to where the Boulder River and Big Timber Creek empty into the Yellowstone River just north of Big Timber.  Between 1860 and 1880 the Indians gave way to trappers, traders, and settlers discovering the abundant opportunities this fertile area had to offer.

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