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.
Issue link: https://landreport.epubxp.com/i/822507
20 The LandReport | S P R I N G 2 0 1 7 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 Mosaic Poised for Growth After Dismal Five-Year Slump MOS currently trades in t he mid-$20s, but analysts are targeting the mid- $30s, thanks to bullish earnings growth in 2017 (22%) and 2018 (19%). GREAT PLAINS SandRidge Sheds $3.6 Billion of Debt, Ready to Grow SD's current market cap is roughly $650 million, which is less than proven reserves and doesn't factor in its Stack and Niobrara holdings. SOUTH Louisiana-Pacific Rides Housing to New Heights Strong sales of LPX's homebuilding products will make 2017 a bullish year for the Tennessee company. Expect earnings to jump as much as 80%. WEST Ultra Petroleum Hard to Find Off Main Exchanges An independent E&P; firm, U PLMQ has reorganized, halved its debt, and is set to generate strong returns from gas holdings in the Pinedale field. SOUTHWEST Investors Eye Apache's Alpine High Resources Lower-than-expected production reports from five West Texas wells disappointed traders and caused APA shares to pull back to $50-$55 range. MIDWEST Time to Take a Closer Look at Deere? Although Purdue's Ag Economy Barometer slipped to 124 in April, it is still strong enough to warrant a closer look at industry leader DE. PACIFIC California Swings From Drought to Deluge 89.7 inches of precipitation have inundated the Sierra Nevadas since October, effectively ending a five- year drought that crippled the state's ag production. NORTHEAST Williams Partners Ups Its Stake in Marcellus Shale The midstream company o perates 33,000 miles of pipeline and has an 8% return. Analysts give WPZ a $50 price target based on strong earnings. WALL STREET BULL © STUART MONK / SHUTTERSTOCK.COM