As mentioned in a recent blog post discussing an article from the New York Times about Investing in Land, Mike Swan, owner and managing broker of Swan Land Company, deliberated several important aspects to pay close attention to when buying and selling ranch property. One of those key aspects that he discussed was water rights. Water in the West is a critical commodity and can have a major impact on the real estate of farm land and agricultural properties. Although information to research water rights is available, it can be a major endeavor to dig deep enough to gather pertinent information.
Swan Land Company - Blog
Mike Swan, broker owner of Swan Land Company in Bozeman, Montana, as quoted in the New York Times, explains some reasons for investing in land. The August 8th article in the Real Estate section - A Ranch With 1,000 Acres, For Your Inner Buckaroo, written by Julie Satow begins from a New Yorkers perspective: 'Most New Yorkers would barely know what to do with 1,000 square feet of space, let alone 1,000 acres. But what’s to stop us from trying to figure it out. Buying a ranch is the stuff of childhood cowboy fantasy — riding horseback past herds of bison or standing knee-deep in a rushing stream filled with trout.
Forked Lightning Ranch featured in the Wall Street Journal
Jane Fonda to List Her New Mexico Ranch for $19.5 Million
Aerial Imaging Productions did an extremely professional and beautiful job of creating the video featuring the Forked Lightning Ranch located in New Mexico. Jane Fonda's luxury ranch for sale located just 30 minutes from Santa Fe, NM offers an executive home and three and a half miles of the famed trout-rich Pecos River. We were honored to have Ms. Fonda narrate the video. Click the image below to enjoy the video of the one of the most notorious ranches in New Mexico.
In 1925 the iconic rodeo promoter and “King of the Rodeo,” John “Tex” Austin purchased a series of parcels from the Pecos Pueblo Grant and called his new acquisition “Forked Lightning Ranch.” He hired famed architect John Gaw Meem to construct his ranch compound. As the popularity of rodeo grew, Austin capitalized on the urban attraction to rodeo and the eastern curiosity about the newly discovered West and began a dude ranch on his Forked Lightning Ranch. The “dudes” traveled at their own expense, two days by train from Chicago for the chance to trail cattle in the Wild West in Comanche Indian country.
We are pleased to announce the sale of the Lazy J Ranch located in Bridger Canyon near Bozeman, Montana.
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.
Wheat Market Snapshot provided by Northwest Farm Credit Services
Article written January 10, 2014
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.
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.