The Land Report

2019.1

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/1140025

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SUNNY DIVIDE MEADOWS SUNDANCE, WY 263 acres with awesome views and a great set of buildings including a custom brick home with lots of extras. Exceptional quality throughout. $2,000,000. AMERADA DIVIDE RANCH CASPER, WY Hard-grass ranch with 15,540± deeded acres, and 1,607± acre BLM Permit. Numerous water sources including 14 wells. Two sets of corrals and a certified scale. $7,700,000. SPRING CREEK RANCH SUNDANCE, WY A premier 1,623 acre Black Hills ranch that combines live water and unparalleled privacy, with a beautiful landscape, excellent wildlife habitat, and incredible views. $4,700,000. ELBARBEE RANCH NEWCASTLE, WY Distinctive 1,074 acre ranch with a custom crafted log home plus a well-kept set of support buildings. Located on Stockade Beaver Creek. $3,800,000. Phone: 307-746-2083 Box 98, Newcastle, WY 82701 Licensed in WY, SD & MT www.ArnoldRealty.com 2011-2018 ALY SO N G / R EUTERS "ey started to buy land in Iowa and Minnesota," Trimmer explains, "but right when they started, [Iowa and Minnesota] passed state laws which restricted foreign ownership." Instead, the Germans turned to Ohio. But, Trimmer says, there is a misconception about foreign own- ers — that they aren't good neighbors or good stewards of the land. What he sees is a growing divide between older family members who still live on the farm, and their children who have no interest in the family busi- ness and want to cash out the land. "e last two farms we bought here, through an owner, she and her broth- ers and sisters inherited it from their mother, and none of them wanted to farm. None of them have an interest in the farm." Trimmer explains that his German clients have established a reputation in the community for let- ting the tenants — often aging parents or grown children — continue to live in the houses on the farms they buy. Sellers work directly with his Ger- man clients — instead of putting the property up on the market, the sale ensures that family members can live out their lives in the family home- stead, while still getting cash value for the farmland. Back in the Hu†man farmhouse, Joe Maxwell is typing on a laptop at the kitchen table. Maxwell is a fourth-generation farmer. He and Hu†man belong to the Organization for Competitive Markets, an advo- cacy group of farmers and ranchers across the nation. He points to the SmithŠeld Foods elevators: "e money that those ele- vators used to make stayed within the community. Today, the money those elevators make will go into the pocket of someone thousands of miles away. is is going on across America." Maxwell is concerned that, as other states put restrictions on for- eign purchases in place, Ohio in particular is being targeted. "So when they're looking for invest- ments in the US and agriculture," Maxwell says, "Ohio's a great ag state, and you don't have any restrictions like other states." Nationwide, Canadian investors own the most farmland. In Ohio, it's Germany, with 71,000 acres. On the southern central part of the state, John Trimmer manages 30,000 acres of corn and soybeans for German investors. He's been work- ing with German families that have wanted to get into US agriculture since the 1980s. FrontGate POLICY SHANGHAI Smithfield products are displayed in a Chinese supermarket in 2017. 26 L ANDREP ORT.COM e LandReport | SPRING 20 19

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