News Desk

Governors Announce Plan to Protect Lower Colorado River

A trio of governors announced a plan to protect the parched Lower Colorado River. Arizona Governor Katie Hobbs, California Governor Gavin Newsom, and Nevada Governor Joe Lombardo submitted their plan to Secretary of the Interior Deb Haaland and the Bureau of Reclamation on May 22. Their goal is to conserve 3 million acre-feet over the next three years. In return, they proposed that the federal government pay $1.2 billion to the municipalities, Native American tribes, and water districts for lower levels of water consumption. Lower Colorado River Basin Arizona, California, and Nevada are three of the seven Southwest states that

Arthur Blank Donates Record-Setting Conservation Easement

Arthur Blank is most widely known as the cofounder of Home Depot and owner of the Atlanta Falcons. However, he’s also a philanthropist whose Arthur M. Blank Family Foundation has donated more than $1 billion since its inception in 1995, including more than $28 million in grants to community organizations in Montana. On April 19, 2023, Blank signed off on the largest conservation easement to date in Paradise Valley just north of Yellowstone National Park in Southwest Montana. Established in partnership with the Gallatin Valley Land Trust (GVLT), this easement will permanently protect his 8,800-acre Paradise Valley Ranch by limiting

Farmland Partners Nets 24% Gain

Farmland Partners Inc. (FPI) announced the sale of 2,426 acres of farmland in Nebraska and South Carolina to the tenants currently renting the properties. The combined transactions totaled $16.2 million. Together, the two sales represented a gain of more than $3.1 million. According to Farmland Partners, this equated to approximately 24 percent over net book value. The transactions were announced on May 15. Farmland Partners The nation’s largest publicly traded farmland real estate investment trust (REIT), Farmland Partners purchases, leases, and manages high-quality farmland throughout North America. It trades on the New York Stock Exchange. In 2022, the company invested

Farmland Values Increase 10 Percent in Seventh District

The Federal Reserve Bank of Chicago reported a 10 percent increase in farmland values for the first quarter of 2023. The uptick marked the eighth consecutive quarter of double-digit year-over-year growth. Current Farmland Values “Farmland values in the first quarter of 2023 moved up again, 10 percent from a year ago and 2 percent from a quarter ago, so maybe not quite as strong a performance as in the previous seven quarters, but certainly still a double-digit increase for the year-over-year value that shows there’s continued strength in farmland values,” said David Oppedahl, a policy advisor at Chicago Fed. Indiana

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Leading Harvest Takes First Steps

On Earth Day – April 22 – the nonprofit collective of farmers, conservationists, landowners, managers, and investors launched operations with the expressed intention of tackling complex ag issues ranging from biodiversity to sustainability. “This innovative effort establishes a rigorous and holistic process that actively engages farmers in forging practices to guarantee the health

Collier County Greenlights HHH Ranch Acquisition

Commissioners voted unanimously this month to move forward with plans to buy the 967-acre property, reportedly for around $10 million. Environmental groups praised the decision, saying the block of undeveloped land near Naples, Florida, provides essential habitat for endangered species including the red-cockaded woodpecker and the gopher tortoise. A radio-collared panther, likewise endangered,

Loss of Digester at Androscoggin Mill

An explosion inside a digester – where wood chips, water, and chemicals are mixed to make paper – tore apart a Pixelle Specialty Solutions’ mill in Jay, Maine. Until the April 15 blast, the mill processed some 1.5 million tons of logs, chips, and biomass annually. While the state fire marshal and the

Sold! 1,675 Acre Citrus Grove

Nestled in Hendry County in South Central Florida, the 1,675-acre ranch is home to a large citrus grove that produces oranges, tangelos, and grapefruits. The property, on which sugarcane would also thrive, boasts improvements such as a substantial irrigation system along with water permits approved for the Southwest Florida Water Management District through

Nebraska Farmland Rises Three Percent

Per the newly released 2020 Nebraska Farm Real Estate Market Survey, conducted by the Department of Economics at the University of Nebraska-Lincoln, the current average value of the state’s ag land comes in at $2,730 per acre. Prices peaked back in 2014 at $3,315 per acre. Industry professionals — appraisers, farm and ranch

Land to Table: Raw Pecans

Credit M.W. DURHAM SR. with creating this flagship brand a century ago. During the depths of the Great Depression, the Central Texas entrepreneur set out tables piled high with fresh pecans and paid eager locals by the pound to shell them. Production techniques may have changed, but the finished product is just as

Cullen Heirs Join Land Report 100 at No. 28

The storied Houston family calls 388,000 acres in and around Harris County theirs thanks to the vision of patriarch Hugh Roy Cullen (1881–1957). After owning a seat on the Houston Cotton Exchange, Cullen turned to the oil business, pioneering now common practices such as deep drilling in abandoned oil wells. In 1932, he

San Angelo Sells 864 Acres for $1,500 per Acre

San Angelo sold 846 acres of the Ford Ranch for $1.296 million to a pair of limited liability corporations. According to the conditions of the sale, San Angelo retains 50 percent of the property’s mineral rights along with all rights to the 2,000-foot-deep Hickory Aquifer, a key source of groundwater for the city.

USDA Announces Agriculture Innovation Agenda

Secretary of Agriculture Sonny Perdue says the initiative seeks to align private and public sector research in order to increase US ag production by 40 percent while cutting the environmental footprint in half by 2050. “We know we have a challenge facing us: to meet future food, fiber, fuel, and feed demands with

2020 Land Report Texas Issue

A slew of must-read stories in our 2020 Texas Issue including: Hunting for a Cure: Henry Chappell’s in-depth cover story goes behind the scenes at the Rolling Plains Research Ranch to analyze the decades-long effort by Texas quail hunters and the team of researchers working with Dr. Dale Rollins to counter the deadly

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