Never Buy Land Without an ALC

Never Buy Land Without an ALC…. 4 reasons from an article on written by Luke Worrell, ALC This article outlines 4 of the reasons you should never buy land without an ALC (Accredited Land Consultant)…..Trust….Skill….Knowledge…Connections. “When it comes to selling land, I am absolutely convinced that ALCs are the best in the business.  For starters, you can only become a designated ALC after you have proven yourself in the field.” Read the entire article here.

Developments in 2016 Texas Land Markets

Clift Land Brokers was well represented at the 27th Annual Outlook for Texas Land Markets in San Antonio in April. As usual, a lot of great information came out of this conference. One highlight was the presentation by Dr. Charles E. Gilliland,  PhD, Research Economist for Texas A & M University Real Estate Center on Texas Land Values. Click here for a copy of that presentation.  While 2017 1st quarter land values were up statewide 1.8% over 2016 4th quarter, and while other regions showed an increase, Region 1 – TX Panhandle and South Plains Region was down 3.4% over …

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A Positive Take On Land Values

Expect Land Equilibrium Marcia Zarley Taylor, DTN Executive Editor LOUISVILLE, Ky. (DTN) — U.S. agriculture could dodge the long-feared collapse in farm real estate prices this commodity cycle, contend economists, lenders and appraisers attending a Farm Foundation meeting this week. But some cautioned the bubble more likely to burst will be used farm equipment values over the next year if profit margins don’t improve. “Land values haven’t seen near the pullback that everyone predicted,” observed Bruce Sherrick, director of the TIAA-CREF Center for Farmland Research at the University of Illinois. That moderation makes sense, he added, given that farmland investors …

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Unimproved Tracts Bring $4,500+ Per Acre

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, …

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1031 Exchange Trends for 2016

From the 1031 Insider Newsletter, IPX Investment Property Exchange Services, Inc. January, 2016 FIRPTA – What the Change to FIRPTA Withholding Means for You Under current federal law, if a foreign person sells US real property, the buyer is obligated to withhold 10% of the gross sales price and remit this to the IRS. Pursuant to the Protecting Americans from Tax Hikes Act of 2015, however, which became law on December 18, 2015 (the “PATH Act”), the required 10% withholding will increase to 15% for all closings occurring on or after February 16, 2016. There is an exception to the …

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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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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.

Farmland Index Returns 2.08 Percent in the First Quarter

Farmland Index Returns 2.08 Percent in the First Quarter…Colvin & Co. LLP Farmland Forecast The National Council of Real Estate Investment Fiduciaries (NCREIF) Farmland Index posted 2.08% total returns for the first quarter of 2015, which include 1.26% appreciation and 0.82% income return. The Farmland in the United States includes both annual and permanent cropland, according to the NCREIF. Farmland Index: annual and permanent cropland returns Permanent cropland generated the strongest results with 3.64% of total returns during the first quarter, the highest recorded QI performance since 2006. Permanent cropland is used for cultivating crops for long periods. The crops …

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