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posted on Jan 17, 2012

On Saturday, January 14, 2012 Glaub Farm Management auctioned 465.5 +/- acres in Clay County, AR.  The auction attracted 23 bidders from six states.  Tract 1 sold at $3,760/ac and Tract 2 sold at $4,200/ac averaging $3,968/ac across both.  Tract 2 sold for a premium compared to Tract 1 due to being a cotton farm, free and clear of any lease in 2012, and better drained than Tract 1.  In addition Tract 2 fit the buyer’s need as an addition to land already owned in the area.  Below is a summary of the two tracts.

posted on Jan 3, 2012

If you read agricultural newsletters or magazines your may have seen some of the $10,000/acre plus land sales in the Midwest.  Reports indicate some areas of the Midwest have seen greater than a 20% increase in land prices.  The Mississippi Delta Region has seen increases in land prices over the past year but not as dramatic as the Midwest.  I’ve seen several sales over $4,000/ac and a few above $5,000/ac in the Mississippi Delta Region.  So you may ask what is currently driving land prices higher and who is buying in the Mississippi Delta Region?

posted on Dec 20, 2011

The UA Cooperative Extension Service recently released their 2012 crop budgets.  These crop budgets provide a useful tool for operators and landowners in planning and analyzing equitable lease arrangements.  The UA also releases the budgets in Excel files that allow a user to change parameters for customization.

posted on Nov 28, 2011

With the fiscal issues of our federal government every farm program will be scrutinized and many may be eliminated.  The direct payment program has a large target on its’ back.  The origins of the direct payment come from the Federal Agriculture Improvement and Reform Act of 1996.  Direct payments were intended to be a transitional payment away from government support but have continued under the previous two farm bills.

posted on Nov 16, 2011

Agency is an issue in the farmland real estate business.  There are folks out there who try to make you feel that they are on your side in a transaction but are they really?  Sometimes I feel buyers and sellers do not fully understand agency.  Agency to me is best explained with the use of a fence that divides buyer and seller.  What side of the fence is the real estate agent standing on?  A real estate agent in most states can work for the buyer, seller, or sometimes both.  When representing both, the agent is standing on top of the fence with very little room

posted on Nov 7, 2011

On Saturday, we auctioned 316.6 +/- acres in Randolph County, AR.  The farm included three irrigation wells, two 5,500 bushel grain bins, a T&L Pivot, and approximately 93 acres of precision leveled ground.

The farm sold for $3,050/acre.  In my opinion this was a solid selling price due to the farm’s condition and this year’s spring flood issues/levee damage.  The farm has many challenges, but it is well suited to become an excellent farm with some additional improvements.


posted on Nov 2, 2011

Last week Jeffrey Hignight and I were in Phoenix, AZ for the 82nd annual meeting of the American Society of Farm Managers and Rural Appraisers (ASFMRA) which coincided with Agronomics Vision 2012.  This conference provided an opportunity for investors to meet rural land professionals of ASFMRA.  The following are my thoughts from the meeting.

posted on Oct 25, 2011

Uncertainty in global markets along with low interest rates and a strong agricultural sector has caused many investors to eye farmland as an investment opportunity.  Farmland can be an excellent asset within an investment portfolio.  Many investors decide to work with a real estate professional specialized in farmland to ensure a sound investment while others will find property to purchase through their own sources.

The following are main items to identify when investing in farmland throughout the Delta Region to ensure a sound investment.

posted on Oct 17, 2011

As harvest concludes, some landowners start to consider selling their farmland.  Some will try to sell their land independently.  Others will work with a real estate professional specialized in farmland to help make a smooth transaction.  The following are tips for sellers whether they hire a real estate professional or sell themselves.

posted on Oct 4, 2011

Net share leases are very common in the Mississippi Delta.  They typically range from an 80/20 or 75/25 net share where the landowner receives 20% or 25% of the production and does not pay any production expenses.  Generally, the landowner provides the irrigation (well, pump, gearhead) under this arrangement.

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