Phyllis Riley

CLB and CLA Make Land Report Best List

September 5, 2017 – Amarillo, Texas The Land Report magazine recently announced their 2017 America’s Best Land Brokerage Firms in their Summer 2017 issue, and for the sixth 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 2016, primarily in the Texas and Oklahoma Panhandles and New Mexico. In the same report, Clift Land Auctions was named one of the 2016 Top …

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Greater Sage Grouse

Tuesday morning, at 9am, Secretary of Interior Sally Jewell made the announcement that the Greater Sage Grouse will not be listed on the endangered species list. “This is truly a historic day in the history of the American West cattle business,” said Oregon Cattlemen’s Executive Director Jerome Rosa. “Through collaborative efforts by ranchers, energy companies and conservationist reducing the decline of the sage grouse habitat in 11 Western states, the need for a listing was not needed.”  See entire article at AgWeb.com.

Thoughts on Interest Rates and Land Sales

by Stephen Donnell, SR VP Lending, Plains Land Bank, Amarillo, TX Interest rates have been about as volatile as the commodity markets in recent months. Our long term interest rates have moved up and down over three-tenths of a percent since March. Some months, it appears the Fed’s increase in short term rates is pushing long term rates higher, only to see those rates fall back the next month. Very hard to predict. We have had a number of customers recently locking in some long term money to hedge against rising interest rates. That appears to be a sound strategy, especially …

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