The Land Report

Winter 2015

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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16 The LandReport | W I N T 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 Strong Housing Market Stokes Universal Forest Housing starts are up 16% s ince Jan. 1, and lumber producers such as UFPI are reaping the benefit. Analysts predict a 27% jump in earnings in 2015. GREAT PLAINS Record Beef Prices Slow the Switch in Antibiotic Protocols Cattlemen are slow to follow in the footsteps of major poultry produc- ers, who are yielding to consumer demands for antibiotic-free meat. SOUTH Alico Buys Three Central Florida Citrus Operations The $363 million spend will make the Florida ag giant the largest citrus producer in the U.S. ALCO will produce 10% of Florida's citrus crop. WEST Aspen Becomes 3rd City Nationwide to Go All Renewables The mountain town joins B urlington, Vermont, and Greensburg, Kansas, to transition exclusively to wind power, solar power, and geothermal heat. SOUTHWEST Earnings at Eagle Materials Poised to Move Up Analysts forecast earnings at the Dallas-based con- struction products and building materials firm to grow 18% this year and 33% next year. MIDWEST California Declares Roundup to Be Cancer Causing The decision by the state's Environmental Protection Agency is a major blow to Monsanto, whose stock has already dropped 25% since March. PACIFIC XHB Earns a Relative Strength Rating of 87 While many sectors have slumped during the recent market correction, this home builder ETF stayed strong. Earnings growth is pegged at 18% this year. NORTHEAST Weakening Global Economy Crushes Mineral Companies In addition to the broad e conomic slowdown, a strong U.S. dollar is also punishing stocks such as Alcoa (AA), which has dropped almost 50%.

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