The rest of the U.S. may have fallen into a recession, but at the north end of the Great Plains a robust economy and a tight labor supply is keeping North Dakota humming. Unemployment rate? Holding steady at 3.4 percent. New…
The rest of the U.S. may have fallen into a recession, but at the north end of the Great Plains a robust economy and a tight labor supply is keeping North Dakota humming. Unemployment rate? Holding steady at 3.4 percent. New…
So the bottom has fallen out of the energy markets and commodity prices are dropping even lower. Next step? Time to welcome the overseas investors. Remember, folks, we’ve got trillions of dollars of assets tied up in land, and all…
Ag economists at Texas A&M are predicting that the red-hot Texas land market will lose its sizzle next year. Since 2003, land prices have increased an average of 14.5 percent annually, and with the median price statewide approximately $2,300 per acre, that…
One of the leading stories of 2008 has been skyrocketing commodity prices and the corresponding surge in land values throughout the Midwest, Great Plains, Southwest, and other mineral-rich areas of the country. Although the bubble has by no means burst, there…
Florida’s largest private landowner, The St. Joe Company, reported a third quarter net loss of $19.2 million (21 cents a share) on Tuesday. JOE’s President and CEO Britt Greene cited the global financial crisis and the dowturn in the Florida.…
The Wall Street Journal reports this morning on a huge transaction in California: the 68,000-acre Onyx Ranch in the Sierra Nevada Mountains just outside of Bakersfield sold for $48 million ($705 per acre) to a joint partnership of the CIM Group, a…
Each Friday I scan the Escapes section of The New York Times for an urban take on life in the hinterland. But the keeper in today’s Times was not in the Escapes section but in National: Felicity Barringer’s report on how the 29,000 Rosebud…
Join Land Report Editor Eric O’Keefe as he goes behind the scenes with the legendary Texas oil man on his Roberts County ranch and in his quest to wean America off foreign oil.
First it was ethanol and the price per acre in the Corn Belt. Then oil and gas began propping up land values in mineral-rich areas such as the huge shales found coast to coast. Now other commodities are driving other…
There’s an old saying: “It’s not news until it runs in the Times.” Thanks to this story, natural gas has officially become America’s energy darling.