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: http://landreport.epubxp.com/i/522012
16 The LandReport | S U M M E R 2 0 1 5 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 Analysts Target an 18% Jump for Potash Producer Mosaic RBC Capital has set a p rice target of $55 per share for the Minnesota- based fertilizer producer, which has risen steadily since 2014. GREAT PLAINS Peoples Company Eyes Farm Rental Agreements Forty percent of the farms in the Wheat Belt and the Corn Belt are leased by their owners. With falling ag prices, will some opera- tors just walk away? SOUTH Harsh Weather and Strong Dollar Nick Lumber Prices Analysts have chopped earnings estimates for Southern timber compa- nies such as Deltic Timber (DEL) and Louisiana Pacific (LPX). WEST Vail Resorts Cut From BUY to HOLD MTN has enjoyed a solid r un-up from $40 in 2012 to more than $100 today, but analysts see the cur- rent P/E ratio of 43 as a tad rich. SOUTHWEST Torrential Rains Drive Cattlemen to Restock Herds The return of El Niño has not only raised water levels in Oklahoma and in Texas, but it is leading beef producers to restock herds. MIDWEST Falling Commodity Prices Drag Down Deere & Co. After earning $8.63 per share in 2014, DE is looking at much leaner times. Analysts have cut its stock rating to UNDERPERFORM. PACIFIC California Farmers Agree to Limit Water Use Beleaguered growers in the Sacramento–San Joaquin River delta agreed to give up a quarter of their water this season. NORTHEAST Central Banks to Buy $2T in Bonds Over the Next Year Wall Street is paying p articular attention to the positive effect of the "full stimulus" policies of central bankers around the world. WALL STREET BULL © STUART MONK / SHUTTERSTOCK.COM