The Land Report

2018.1

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.

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16 The LandReport | S P R I N G 2 0 1 8 LANDREPORT.COM T he term "Deals of the Year" is a misnomer. Much too transactional. I suggest a paradigm shift from "Deals" to "iDeals." Let me prove my case. Consider the story of Jack and Laura Dangermond: two kids on their honeymoon in the late 1960s who fell in love with the stretch of California coast where they car camped (pictured above). Fifty years later, they celebrate their love for that very special campground with a $165 million donation to preserve it in perpetuity. Deal? No – iDeal. William Harrison's acquisition of Cielo Vista Ranch will be a boon not only to this singular paradise and all God's creatures who inhabit it but also to the residents of the San Luis Valley nearby. Deal? No – iDeal. Farmland Partners CEO Paul Pittman continues to demonstrate his consummate leadership as he helms the largest publicly traded ag REIT. But Paul invests in far more than land. His 125 farmer-tenants transform FPI's 166,000 acres into foods that feed the world. Deal? No – iDeal. Last but not least, there's Ted Turner. For more than a decade, The Land Report has documented his matchless legacy as a steward of the land. His generosity in selling St. Phillips Island for one-third its appraised value? OK, that was one hell of a deal — especially for the citizens of South Carolina. iDeals is far more fitting. Don't Call Them Deals E r i c O' K e e f e editor@landreport.com Editor's Note THE NATURE CONSERVANCY

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