For years, Congress has been thinking of making changes to 1031 exchanges but no one really took them seriously. Well, I think that we better start taking them seriously now because the general consensus is that they are going to make changes and it’s going to happen sooner than later. And it probably won’t be pretty. Read Article
Texas Supreme Court: Accommodation Doctrine Applies to Groundwater Texas Agriculture Law Blog: Agrilife.org In an important decision that could have far-reaching impacts, the Texas Supreme Court sided with the Coyote Lake Ranch, holding that the accommodation doctrine does apply to groundwater in Texas. This case is extremely important for Texas landowners and groundwater owners. For the first time, the Texas Supreme Court announced that the accommodation doctrine, previously applied only in oil and gas severances, will apply in groundwater severances as well. READ ARTICLE.
FOR IMMEDIATE RELEASE March 30, 2016 Unimproved Tracts Bring Over $4,500 per Acre in Auction In a market thought to be between $3,000 and $4,000 per acre, Clift Land Auctions’ multi parcel auction process pushed the mark higher to average over $4,500 per acre. These unimproved tracts were part of two land auctions held on Tuesday, March 29th, one in White Deer, Texas and the other in Clarendon, Texas. George Clift, ALC, owner of Clift Land Auctions and Clift Land Brokers in Amarillo, Texas said of the auctions, “We had over 120 in attendance at these auctions with active bidding, …