Land Values

Texas Real Estate Attorney Hammers WOTUS Reg

LandOwner Newsletter Vol 37 Issue 9 May 12, 2016 Texas Real Estate Attorney Hammers WOTUS Reg A court stay is the only wall standing between landowner property rights and a federal takeover of most of the nation’s land, says Judon Fambrough, an attorney with the Teal Estate Center at Texas A & M University. The result of the waters of the U.S. (WOTUS) regulation enacted by the Environmental Protection Agency (EPA) and Army Corps of Engineers (Corps) means “the Clean Water Act’s jurisdiction now extends well beyond the navigable waters of the U.S. to practically all waters if implemented,” says …

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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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It Is Not About Your Equity

by Peter Martin | AgWeb.com 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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