Over the last two decades, water levels in the nation’s largest man-made reservoir, Lake Mead, have fallen to the point that it is at 39 percent of capacity. A similar plight faces the nation’s second largest reservoir, Lake Powell. Drought conditions out West coupled with increased demand from municipal utilities and agricultural users are cited
Written by Cary Estes What are the best ways to enhance returns on productive farmland? Perry Vieth sees several possibilities. One with a bright future is solar energy. “That’s the biggest opportunity we’re seeing right now,” says Vieth, the president of food-and-ag investment firm Ceres Partners. His company owns approximately 120,000 acres in 10 states.
Food for Thought: Solar Read More »
The TOP TEN listings in the Lone Star State boast an average price north of $100 million. -The Editors 1. Mesa Vista Ranch | $250 Million Boone Pickens’ 100-square-mile ranch has been deemed “arguably the finest quail hunting spot in the known universe” and includes its own 6,000-foot, FAA-approved airstrip and a 25,000-square-foot hangar. Listed
Land Report Texas $1 Billion Club Read More »
A billion here, a billion there, pretty soon you’re talking about serious money, right? I’m referring to the colossal implosion of the Mountain of Beverly Hills, the 157-acre, $1 billion listing in the 90210 zip code that sold at auction for $100,000 just days ago. You’ll find a brief summary in our August newsletter. Other
Land Report August 2019 Newsletter Read More »
Peter and Toni Thompson were not parties to the 2009 conservation easement that restricted development on their wine country estate. As subsequent owners of the 81-acre property, however, they were bound by it. So ruled Sonoma County Superior Court Judge Patrick Broderick, who fined the Thompsons $586,000. Neighbors tipped off the Sonoma County Land Trust
Sonoma County Landowners Fined More than $500,000 for Violating Conservation Easement Read More »
Following the wettest 12 months on record in North America, the continental US is now virtually drought-free. The National Ocean and Atmospheric Administration reported that precipitation in the US from May 2018 to April 2019 topped 36 inches, shattering a record that stood more than 120 years. Drought conditions currently impact less than 2 percent
Lower 48 Drought Free Read More »
On February 26, 61 percent of voters in Ohio’s fourth largest city granted legal rights to the nation’s 11th largest lake. The passage of the ballot measure by the citizens of Toledo marks the first time a US jurisdiction has granted legal status to a natural resource. Known as the Lake Erie Bill of Rights,
Toledo Voters Approve Ballot Measure Granting Rights to Lake Erie Read More »
From the East Coast to the West and even out to Hawaii, our TOP TEN covers every imaginable land use. – The Editors 1. The Mountain of Beverly Hills (California): $1 billion Aaron Kriman has the listing on this one-of-a-kind property that overlooks all of Los Angeles and the Pacific Ocean. 2. Molokai Ranch (Hawaii):
The Land Report Top Ten: Winter 2018 Read More »
One of the largest blocks of privately owned senior water rights in the Colorado River and Yampa River basins sold in November. Set between Vail and Steamboat Springs, the ranch has 9,177 deeded acres adjacent to the Flat Top Wilderness outside Toponas and participated in a pilot program that compensates landowners for fallowing hayfields. Porcupine
Sold! Colorado’s Porcupine Ridge Ranch Read More »
