Impact of Natural Disasters on Texas Farm & Ranch Market

After a natural disaster or catastrophe, such as a hurricane, farm and ranch real estate markets in the impacted area typically pause for a period of time. Tyler Jacobs of Hall and Hall explains on “Texas News and Views” a radio program by Texas Farm Bureau.

Hall and Hall Featured in Mansion Global Ranch Real Estate Story

We were pleased to see two of our Partners, Jeff Buerger and Jim Taylor, prominently featured in a Mansion Global story about the ranch real estate market. The piece highlights Stealey Mountain Ranch, a new Colorado ranch listing. Excerpts from the story entitled, “Home on the Range: Multi-Million Dollar ‘Lifestyle’ Ranches Are a Strong Draw For Wealthy” can be read below.

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“We have a long list of people who will quickly buy something really super [that are] under the radar at a top price but won’t even consider places that aren’t quite super,” said Hall and Hall’s Jim Taylor

Though not the most common method of sale, Mr. Taylor said that this year, his firm sold four premium recreational ranches—ranging from about $10 million to $40 million—without ever formally listing the ranches.

Putting a premium on the beauty and recreation value of a ranch really began in full-force in the late 1980s, Mr. Taylor said. In 1989, he helped broker one of the largest and perhaps most well-known recreational ranch sales of the time: Ted Turner’s purchase of the 107,000-acre Flying D Ranch in Montana for $21 million. “After that, the floodgates opened,” Mr. Taylor said. “People were then really willing to pay for the scenery, for the trout fishing, it was much more than just about a ranch.”

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“What makes a premium recreational ranch can really depend on the buyer, but when it has a lot of those bells and whistles—really beautiful views, privacy, great hunting and fishing, tucked up near a national forest, and not too far from civilization, it’s something people who can afford it will buy,” said Jeff Buerger, a Hall and Hall broker who represents the Stealey Mountain Ranch—a $24,950,00 Colorado property at the foot of the San Juan mountains, a soaring and rugged range of the Rocky Mountains. Along with wildlife and expansive views, the more than 2,100-acre property, bordered by the Uncompahgre National Forest, also features an 8,079-square-foot main residence, perched on a hilltop, with an indoor saltwater pool. The seller of the property, which has been on the market for about three months, declined to comment.

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While the demographic of the top-tier lifestyle ranch buyer is generally someone from the Baby Boomer generation, “someone who maybe grew up watching John Wayne and really put value in that old-fashioned Western way of life,” Mr. Buerger said, he’s also seen a growing number of younger buyers, especially from the tech world, looking to invest in the land and the lifestyle.  

“A beautiful ranch can really be like buying a beautiful piece of art,” Mr. Buerger said. “It can be a be a long term investment, and it’s also very subjective.”

Scott Shuman Named 69th National Auctioneers Association President

Scott Shuman, CAI, of Eaton, CO, and head of Hall and Hall Auctions will serve as President of the the National Auctioneers Association (NAA). After serving one year as NAA Vice President,  Shuman formally accepted office as NAA President on Thursday, July 13, during the NAA International Auctioneers Conference and Show.

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Thirty-two previous NAA presidents lined up at the sold out President’s Gala to officially pass the ceremonial gavel to Shuman. In fact, it was passed hand by hand along the line of previous presidents until it reached the hands of its newest recipient. Shuman described the ceremonial welcome as one of the best moments of his life.

In addition to Shuman’s accomplishments, Hall and Hall won three USA TODAY marketing awards at the conference.  Thank you to Krista and the rest of the Hall and Hall marketing team for their exceptional efforts.

Spring Fishing Report From Steamboat Springs, Colorado

By: Cody Lujan

At a time when the majority of Yampa Valley visitors and locals are enjoying the last runs of the ski season under bluebird skies, every savvy angler and guide with downtime is enjoying some of the best fishing of the year. The unpredictable and often brief window of opportunity known as “pre-runoff” begins as soon as ice begins to break up on the rivers and ends when melting snows drive river flows to peak runoff levels. Though tailwater fisheries and a few days of ice fishing on Steamboat Lake and Stagecoach Reservoir has gotten many a local angler through the winter, ice out on the Yampa, Elk, Williams Fork, and Colorado Rivers (not even mentioning some of the hidden gem tributaries) means two things; hungry fish and excellent fishing.

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Fish that have been subsisting under ice for a couple of months greet open water conditions with aggressive appetites. Indeed, some of the best streamer fishing of the year happens during “pre-runoff”. Though water clarity and stream flows can vary from day-to-day, swung and stripped streamers provide anglers with consistent action in both swift and slow moving holding waters. Warmer temperatures and clear water days can also provide dry fly action on midges and smaller stimulator patterns as well as decent nymph fishing. Though larger fish will readily strike big meaty streamers on the Yampa, Elk and Colorado during this time of year, scuds, San Juan worms, and most any flash-backed or bead-headed nymph will pick up plenty of fish for those interested in the numbers game. Streamers will rule on days defined by higher stream flows and off-color waters.

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Large and aggressive rainbow and brown trout seem to come out of the woodwork during pre-runoff, with many seemingly disappearing until the large terrestrial bugs of late summer or late fall feeding binges bring them back to the table. The waters of the Sky River Ranch and Elk River Sanctuary on the Elk River will produce good numbers of hefty rainbows as well as the occasional cutthroat or brown trout. With miles of high quality and very private stream fishing, Table Rock Ranch provides spring anglers with excellent opportunities for large rainbows and wild brown trout. For those seeking some of the largest browns and rainbows on the Yampa River, as well as huge northern pike and the occasional smallmouth bass, Ghost Ranch is your spring break destination.

Four Bear Ranch Profiled by LA Times

Four Bear Ranch, a 1,246-acre Cody, Wyoming mountain retreat and hunting property once home to “Gunsmoke” writer Ron Bishop, was recently profiled by The Los Angeles Times. While the article incorrectly states that Bishop owned the ranch, he did live in the Olive Fell house courtesy of the Weiss family – the owners of the Four Bear Ranch at that time.

An excerpt from the article reads:

“Set within a basin adjoining the Shoshone National Forest, the ranch has art and literary ties that precede Bishop’s ownership. Printmaker, painter and sculptor Olive Fell once owned the property, which has a guesthouse named for the noted artist. Adding to its pedigree, author Ernest Hemingway purportedly visited the ranch on a number of occasions.”

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Four Bear Ranch is an exceptionally convenient, easily accessible but totally private wilderness retreat near one of Wyoming’s sought-after communities. The ranch has a complete and totally appropriate set of improvements sited in one of the most dramatically beautiful locations imaginable. Wyoming’s status as a tax haven with no state income and inheritance tax cannot be ignored as well. It should also be noted that there are no conservation easements on the ranch, nor are there any other easements through the ranch.

“Texas News and Views” Radio Show Features Tyler Jacobs of Hall and Hall

Texas Farm Bureau’s “Texas News and Views” radio program recently featured Hall and Hall partner, Tyler Jacobs, commenting about insurance considerations for those buying or selling rural property.

Here is a link to the program.

TylerJacobsTyler lives and ranches five miles outside of Montgomery, TX.   Graduating from Texas Tech University with his degree in Wildlife and Fisheries management, he has had professional and entrepreneurial experience in hunting operations, timber valuation, cow/calf and yearling operations, grass-fed beef production, and land-use planning. Currently serving as President of the Texas Land Brokers Network, he also is an affiliated member of RLI, TSCRA, MCBIA, and TALB. A proud fifth-generation Texan, Tyler holds the legacy of land ownership in the highest regard.