Microsoft cofounder Bill Gates paid $171 million in August to acquire 14,500 acres of farmland owned by John Hancock Life Insurance Company in one of the most coveted agricultural regions of Washington. The lofty purchase price eclipsed April’s $136 million sale of Florida’s El Maximo Ranch to the Investment Corporation of Dubai to rank as
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US farmland takes top billing in our August newsletter as the Department of Agriculture reports in its annual survey that farmland values, including land and structures, moved up for the ninth year in a row and for the thirteenth year out of the last fourteen. Other news items include: Proposed relocation of BLM headquarters out
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The robust US economy means plenty of transactions to report in our July newsletter, including: Colorado’s Grizzly Ranch sells for $18.5 million Red Lodge Creek Estate goes to auction on August 30 A 157-acre mountaintop in Beverly Hills lists for $1 billion BP pays $10.5 billion for BHP’s unconventional oil and gas assets A portion of
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In our June newsletter, the long arm of the law takes center stage: The Supreme Court hands Florida a win over Georgia in a water dispute In Texas, private land seizures have begun as the administration builds its border wall The EPA declares biomass carbon neutral, a major win for timberland owners Massachusetts selects a
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A round of applause for the 2017 Deals of the Year: Colorado’s Cielo Vista Ranch, 2017 Ranchland Deal of the Year; South Carolina’s St. Phillips Island, 2017 Conservation Deal of the Year; California Central Valley Farmland, 2017 Agriculture Deal of the Year; and California’s Dangermond Preserve, the 2017 Deal of the Year. Meet their stewards,
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Overachievers, led by Dan and Michael Murphy of Colorado’s M4 Ranch Group, were honored at the Realtors Land Institute’s Apex Awards in Nashville on March 13. The Murphys took top honors as APEX 2017 Top National Producer. Get the lowdown on the other honorees in our April newsletter along with the following stories: New Mexico’s
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The Magazine of the American Landowner offers a full slate of stories this month, ranging from donated land to syndicated interests to hedge fund acquisitions. Broward County to pay $42 million to longtime landowners. The IRS scrutinizes syndicated conservation easements for potential abuse. Rayonier sells 11,000 acres of Florida timberland for $39.8 million. Harvard bet
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A major win for conservation along Colorado’s increasingly crowded Front Range tops our roster of stories this month: Douglas County pays $18.75 million to acquire Colorado’s Sandstone Ranch. A 717-acre Nebraska farm goes for $2,440 per acre. Hayden Outdoors Breaks $250 Million Mark in 2017. Wall Street Journal selects Dancing Wind Ranch as House of
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The bull market for land that took shape in 2017 continues to stoke sales in the new year. Fueled by a broad range of factors including consumer confidence, robust equity markets, and cheap money, it may gain further momentum with the implementation of the biggest tax cut in decades. Pertinent reads in our January newsletter
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