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THE RITE OF SPRING

Last year’s financials have begun to trickle in. The first reports are from two bellwether sources: the Chicago Fed and the Kansas City Fed. In the Midwest, David Oppedahl and Elizabeth Kepner report that agricultural land values reached "a new peak" in 2023, thanks to a six percent annual increase. On the Great Plains, Nate Kauffman and Ty Kreitman write that agricultural real estate values remained strong "despite a moderation in the farm economy and higher interest rates." Nonirrigated cropland was a key driver in the Tenth District, increasing by as much as 10 percent in some areas.

 

After the usual spate of fourth-quarter closings, the pace of the first quarter always mellows. No matter the season, however, there’s always demand for legacy landholdings such as California’s Pitchfork Cattle Co., which went to contract 30 days after being listed.




ERIC O'KEEFE

editor@landreport.com

@EricOKeefe

Peoples Company • A high-quality tillable farm near Redfield in Dallas County, Iowa ...

Land Report 100

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Ranchland

Pitchfork Cattle Co. Sells in 30 Days

Resources

Westervelt Ecological Services Works With Traditional Knowledge Keeper

On The Market

Lone Oak Ranch

Texas • 689 Acres


Located just northeast of the vibrant Dallas-Fort Worth Metroplex, Lone Oak Ranch spans an impressive 689 acres with open pastures rolling into hardwood bottoms. This exceptional Collin County property provides a desirable location east of McKinney for ranch, recreation, residential, or commercial ventures.


$6,600,000

Listed by United Country Real Estate

Mays Island Timberland

Florida • 3,870 Acres


Mays Island Timberland offers a fine balance of investment and recreational opportunities. The upland soils are highly productive for both pine production and agriculture. The mosaic of forested wetlands meanders throughout the pine and upland hardwood to create an ideal habitat for all game species


$14,899,500

Listed by SVN Saunders Ralston Dantzler

Broad Oaks Ranch

Texas • 1,308 Acres


Less than an hour’s drive from Houston, the incomparable Broad Oaks Ranch in Hempstead, TX includes 1,308 acres, over three miles of Brazos River frontage with beaches, several ponds, and a stocked fishing lake. A truly unequaled high-fence hunting ranch with white-tailed deer, exotics, waterfowl, and upland game birds.


$29,500,000

Listed by Republic Ranches

White Oak Ranch & Vineyard 

California • 255 Acres


The White Oak Ranch & Vineyard is California’s premiere wine country estate where Mediterranean refinement blends with Western tradition. This large-scale production vineyard allows the discerning buyer to step into this quintessential lifestyle at a level that rarely comes to market.


$16,900,000

Listed by California Outdoor Properties

Flathead Lake Overlook 

Montana • 1,367 Acres


Flathead Lake Overlook is one of the last substantial ranches available around Flathead Lake. This property provides a unique opportunity for the next owner to run a specialty cattle or horse operation or have a family retreat in one of the most sought-after areas in Montana.


$6,950,000

Listed by Western Ranch Brokers

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