The Land Report

Summer 2016

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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Page 19 of 103

16 The LandReport | S U M M E R 2 0 1 6 A National Roundup of Rural Real Estate News COMPILED BY STEPHEN O'KEEFE, CFA LANDREPORT.COM G REAT LAKES $17.3M Easement to Protect 67,347 Acres in Wisconsin The state's DNR has extin- guished development rights on 100 square miles of forestland straddling the Mississippi and Great Lakes watersheds. GREAT PLAINS Waurika Farms Sells at Auction for $11M Hall & Hall Auctions sold the Drummond family's Oklahoma cattle opera- tion for $1,833 per acre, well above pre-sale estimates. SOUTH American Forest Management Buys International Forestry Consultants AFM currently manages 4.5M acres of privately owned timberland. The ac- quisition launches it into the Pacific Northwest. W EST Sporting Ranch Capital Management Debuts Jay Ellis will topline the Dallas-based private equity fund, which focuses on undervalued ranch properties across the Rocky Mountain West. SOUTHWEST Arizona Governor Vetoes Legislation Seeking Federal Lands The bill demanded Uncle Sam turn over title to 48,000 square miles of public lands. Jan Brewer respectfully declined. MIDWEST Farmland Values Continue to Climb in Seventh District The Chicago Fed reports that farmland values in this key agricultural belt continued their climb in 1Q. Complete details on pages 24-25. PACIFIC George Lucas Shelves Movie Studio Plans for Grady Ranch Despite great effort, the Marin County landowner failed to sway opponents of his studio. He saw more jobs. They saw more traffic. Everyone loses. N ORTHEAST Nantucket's Swain's Neck on Market for $59M The 1997 sale of the 68-acre estate to Russell Phelon set a New England record. Gary Winn at Maury People Sotheby's has the listing. A National Roundup of Rural Real Estate News COMPILED BY STEPHEN O'KEEFE, CFA GREAT LAKES Wisconsin's DNR Seeks to Acquire 7,000-Acre Easement The $3.5 million purchase i n the northwestern part of the state would be an addition to the 65,867- acre Brule-St. Croix Legacy Forest. GREAT PLAINS Two-Year Earnings Slide Comes to an End at Cabela's Consecutive quarters with improved earnings and talk of a buyout by privately held Bass Pro Shops have pushed up the price of CAB. SOUTH Robust Housing Market Stokes Vulcan Materials A whole host of factors keeps driving demand for the company's building materials. Wm. O'Neil's composite rating for VMC is a super strong 98/99. WEST Mountain States Lone Bright Spot in Fed Report Farmland values across t he 10th District were down as much as 10%. Not out West, however. Turn to page 26 to learn more about double-digit gains. SOUTHWEST Crude Rebounds to $50 Mark for First Time in a Year This upward momentum is reviving the prices of oilfield service and E&P companies. Consider Oil Services ETF (OIH) or Oil & Gas E&P ETF (XOP). MIDWEST Falling Farmland Values a Buying Opportunity? The Chicago Fed reports the largest year-over-year decline in agricultural land values since 2009. Stay patient. Most lenders expect a deeper dip. PACIFIC Bay Area Water Supplier Hits New Highs San Jose Water Co. serves more than 1 million people. With a 2% dividend and a 89/100 relative strength rating from Wm. O'Neil, it's worth a closer look. NORTHEAST Senators Introduce Bill to Block Sale of Plum Island The sale of the 840-acre f ederal research center was further impeded by Senators Richard Blumen- thal (D-CT) and Charles Schumer (R-NY).

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