It Is Not About Your Equity

by Peter Martin | Like most farmers, the bulk of your net worth is likely in the equity of your ground. But you might have discovered a “land rich” net worth, even a sizeable one, doesn’t assure banks will approve a loan renewal. Generally speaking, ag lenders are cash-flow lenders. Like you, they don’t like low commodity prices. While your net worth is important to them, they’re far more interested in a positive cash flow that allows loan payments to be made as agreed. That’s not easy today. Many of you are struggling to pencil out a breakeven, let …

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EPA Raises Renewable Fuel Requirements

EPA Raises Renewable Fuel Requirements Agriculture, ethanol industry welcome certainty of final rule, but say required volume is too low. After years of delays, EPA on Monday finally released the renewable fuel standards for 2014, 2015, and most importantly, 2016. The rule calls for a total of 18.11 billion gallons of renewable fuel in 2016, with targeted growth expected in categories such as: cellulosic biofuel (230 million gallons in 2016). biomass-based diesel (1.9 billion gallons in 2016 and 2 billion gallons in 2017). advanced biofuel (3.16 billion gallons in 2016). READ MORE

New Dairy Facility for Littlefield Texas

New Dairy Facility for Littlefield Texas Note: Eric Turpen is an Associate Broker with Clift Land Brokers. He manages our Littlefield, TX branch office and is currently serving as the Mayor of Littlefield. Eric was instrumental in bringing the new Select Milk Producers facility to his community. LITTLEFIELD – Select Milk Producers will eventually bring about 150 jobs to this economically-recovering Lamb County town, company representatives said Friday morning. The Artesia, New Mexico-based dairy foods company has invested $250 million to upgrade and expand the facility just east of town that until January housed the American Cotton Growers denim mill. It’s aiming at …

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Wall St Investors Buying Up Farmland

Wall St Investors Buying Up Farmland WASHINGTON – For farmers gearing up to harvest millions of acres of land this fall in the face of low commodity prices, the rows or corn, soybeans and other crops have long been viewed as key to their survival. But increasingly those same acres are drawing the attention of Wall Street investors looking to tap into those fields for profit. Investors have turned to farmland as part of a sweeping push into physical assets — everything from lumber, hotels and apartments to parking meters, bridges and highways. Farmland is becoming particularly attractive as the …

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The Realtors Land Institute to the Rescue!

The Realtors Land Institute to the Rescue!  Here is a blog written by David Fisher, Partner, Creative Real Estate Strategies.  We thought you might find it interesting. Read the blog.

Outlook for Texas Land Markets

Outlook for Texas Land Markets.  It’s been a great conference in San Antonio this week. Currently, Joe Outlaw is discussing the changes to the Farm Bill.  Six Clift Land Brokers representatives are here at the conference.  Just another way for us to stay up on land issues and continue being the Land Experts. Why would you go any place else for your farm and ranch real estate needs?

Annual Land Report Dec 2014 by Mike Walsten, Editor, LandOwner Newsletter

Annual Land Report Dec 2014 by Mike Walsten, Editor, LandOwner Newsletter. Farmland demand cooled throughout 2014 as commodity prices continued their two-year-long decline into major lows this fall.  The slide sliced farm incomes significantly. Forecasts call for additional declines in farm incomes in 2015, and possibly beyond.  Read entire report here    

Strong Dollar Weighs on Rural Economy

Strong Dollar Weighs on Rural Economy. Rural bankers saw a continued decline in both the rural economy and farmland prices over the past month. The strong U.S. dollar is making U.S. corn less attractive on the global market. The glut of corn and soybeans harvested in 2014 continues to weigh heavily on their respective prices. The stabilization of U.S. farmland prices has in­creased investor interest in farmland with investors purchasing a slightly larger num­ber of acres than eight months ago. The Rural Mainstreet Index (RMI), an index which ranges from 0 to 100 with 50.0 representing growth neutral, …READ MORE Our …

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Dr. Lawrence Yun Speaks at the National Land Conference

Dr. Lawrence Yun Speaks at the National Land Conference On Tuesday, March 24th, Dr. Lawrence Yun, Chief Economist and Senior VP of the National Association of Realtors® spoke to the land professionals at the National Land Conference in Tucson, AZ. See Dr. Yun’s complete presentation here.