LAND Winter 2023

ON THE COVER

Ol’Man Ranch Presented By Whitetail Properties Real Estate

Winter 2023

Ol’Man Ranch egendary iving

Ol’Man Ranch

The Ol’Man Ranch is a truly special place and one of the best elkhunting ranches you will ever set foot on. This ultimate premier, turnkey ready property, offers a rare opportunity for you to own a breathtaking piece of New Mexico.

13,053± Acres CIBOLA COUNTY NEW MEXICO Property ID: 17756595

$31,500,000

Learn More on Page 10

In This Issue Winter 2023

10 Lifestyle

Land

16 LAND Insider

26 Q&A

5 Questions About Carbon Markets

23

23

On The Cover

S P OT L I G H T

10

D2 Cattle & Energy Ranch

Ol’Man Ranch

36

The Ol’Man Ranch is a truly special place and one of the best elk-hunting ranches you will ever set foot on. This ultimate premier, turnkey ready property, offers a rare opportunity for you to own a breathtaking piece of New Mexico.

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32

32 MARKET

Aging Generation of Ranch Owners Looks To Sell As ‛Frenzied’ Market Cools

Land.com Diamond Properties

Profile

29 Warrior Earth: A Win-Win

Brokers Ag Lands Southwest American Forest Management, Inc.

19

Beaverhead Ranch Group

22

California Outdoor Properties

62

Cascade Sotheby’s International Realty | Brook Havens

70

Chas. S. Middleton and Son LLC

46

Clark Company Ranch Real Estate

66

Coldwell Banker Baine

72

Fridrich & Clark Realty LLC

73

Harrigan Land Company

68

Hayden Outdoors Real Estate

50

Keller Williams Black Hills | Lewis Realty

60

King Land and Water

44

Land Doctor

8

Land Investex LLC Live Water Properties M4 Ranch Group

56 21, 53

Mirr Ranch Group

44, 64

O’Neill Land LLC

80

Peoples Company

7

Republic Ranches LLC

17

Swan Land Company

58

Town Lake Country

79

Twin Oaks Realty

78

United Country Real Estate

77 28

Western Ranch Brokers

4, 74

Wilks Ranch Brokers

71

72 | LEGENDARY LIVING

69 42, 76

Mason Morse Ranch Company LLC

Warrior Earth

4

75

20799 NE O'Neil Highway Redmond, Oregon

5

PUBLISHER'S LETTER

I

Gratitude has a ripple effect. Like a little bit of sugar in a glass of tea, it makes life sweeter.

'm writing this on the heels of a wonderful Thanksgiving.

Instead of the same family food traditions, my wife decided to have two meals prepared for us by a local chef.

She wanted to take a break from the kitchen, so she could spend more time visiting with family.

At first, I thought she’d lost her mind, but once again she was right. The extra time with family was relaxing and the meals were fabulous. In the end, we actually saved money on food, which was an unexpected bonus.

As I sat at our table surrounded by my family, immediate and extended, I was overcome by the blessings we enjoy. Unlike so many families around the globe who are hunkered in rubble as bombs explode or forced to flee their homes because of civil unrest or famine, we were safe, sound and well-fed.

We could pray without fear.

When a norther blew in, our walls, roof and central heat kept us cozy and warm—and we had coats when it was time to venture outside to our temperature-controlled vehicles. Clean, safe water ran from our taps so we could hydrate and “hygiene.”

At night, we all had our own rooms and our own beds. No one had to sleep on the floor. No one had to worry about gang violence spilling into our home, the utilities being cut off or an eviction notice appearing on the door. In our house, we’ve never had to choose between necessary medicine and food.

In our hustle and bustle, it’s easy to take our quality of life for granted. It’s a luxury that many people don’t have. As we move forward into the New Year, I’ve promised myself to be more aware and more grateful each day. Gratitude has a ripple effect. Like a little bit of sugar in a glass of tea, it makes life sweeter.

I’m also grateful to be part of the Land.com Network, where we’re always pushing toward new horizons. I’m excited about some of the things we’re developing and preparing to launch in early 2024. As one example, Matt Rand, our senior marketing director, Lorie Woodward, our resident wordslinger, and I are going to rotate hosting duties on the soon-to-be-debuted Land.com Podcast. Every other week, one of us will visit with someone who is rooted in the land and its lifestyle.

The guest list will include brokers, economists, conservationists, entrepreneurs, ranchers, sportspeople, artisans and people who have made land part of their family’s life, either for generations or for the first time. It’ll be a series of ongoing conversations. The vibe will be more like a front porch chat or a campfire conversation than a university class. Our goal is to introduce you to a crew of interesting people while giving you plenty to think about. Don’t be surprised if you find yourself smiling or maybe even laughing out loud. Land lovers are a colorful bunch of characters. And for that I am grateful. . .every day of every year.

TOM ALEXANDER Publisher talexander@land.com

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REAL ESTATE + CONSTRUCTION CONTRIBUTORS

CONTRIBUTORS

We Sell Beautiful Land and Create Custom Ranches SALES

Publisher

TOM ALEXANDER talexander@land.com

PRODUCTION

CHAD ELLIS

Writer & Communication Specialist

As the CEO for the Texas Agricultural Land Trust (TALT), Chad Ellis brings a wealth of land conservation

LORIE A. WOODWARD

experience. For more than 20 years, Ellis has

lwoodward@land.com

worked directly with producers and land managers to

identify

and

implement

conservation

tools,

Senior Account Manager & Editor

including conservation easements. He promotes

JENNIFER SCHAEFER

and advocates land stewardship principles and is

jschaefer@land.com

passionate about empowering producers to be better tomorrow than they are today. Ellis, who also has 10 years of experience with USDA’s Natural Resources

Creative Director & Production Manager

Conservation Service, is a national leader in the effort to develop ecosystem services markets to benefit

KATIE GORDON kgordon@land.com

producers, the public and the environment. Find out more at TXAgLandTrust.org

Designer & Copy Editor

JEHAN GLAZE jglaze@land.com

LEAD THE CONVERSATION & BECOME A CONTRIBUTOR on LAND.com + in LAND Magazines

NORTH BLUE RIVER FALLS • 111 acre ranch with 1,360 feet of Blue River frontage • Two travertine waterfalls and deep pools • Great fishing and hunting • Spacious house for accommodating family and friends • Only 100 miles from Dallas-Fort Worth • Seller open to discussing terms of use for adjoining hangar and runway KELLY HURT • (580) 421-7512

Share your idea with lwoodward@land.com @landdotcom

Tom Alexander, Publisher talexander@land.com

Subscriptions + Information

CANDACE CARLISLE

land.com/magazines or email magazines@land.com

Candace Carlisle is a senior reporter at CoStar News.

An award-winning real estate journalist, Carlisle covers commercial real estate in Texas and beyond for the Washington, D.C.-based news outlet. She's industry for nearly 15 years for publications, such as the Dallas Business Journal, the Dallas Morning News, the Denton Record-Chronicle and the Fort Worth Star-Telegram. Find out more at CoStar.com

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@landdotcom

Letters + Comments

covered the North Texas region and real estate

LANDDOCTORS.COM 8

@landdotcom

©Copyright 2023 CoStar Group. All rights reserved.

No part of this publication may be reproduced without written permission from the publisher. LAND Magazines are published by CoStar Group, 100 Congress Ave, Suite 1500, Austin, Texas 78701. Information provided to CoStar Group is deemed reliable but not guaranteed. The publisher will not be responsible for any omissions, errors, typographical mistakes or misinformation within this publication. Measurements and figures are approximate.

Properties are subject to errors, omissions, prior change or prior sale. The real estate advertised in this magazine is subject to the Federal Fair Housing Act of 1968 and it’s amendments. This magazine will not knowingly accept any advertising for real estate which is in violation of the law. Dwellings advertised in this magazine are available on an equal opportunity basis. Printed in the USA.

SUMMER 2022 | LAND

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Ol’Man Ranch ON THE COVER

13,053± Acres BLUEWATER, NEW MEXICO

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WINTER 2023 | LAND

11

ON THE COVER

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| O L' M A N R A N C H

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T

he Ol’ Man Ranch, encompassing 13,053± deeded acres near Blue Water, New Mexico, is one of the best elk hunting ranches in the nation. Situated in the stunning Zuni Mountains of Game Management Unit (GMU) 10 in Cibola County, the low-fenced ranch showcases some of the finest, most pristine mountain wildlife habitat that New Mexico has to offer.

The elevation, which ranges from 7,200 feet to more than 8,700 feet, includes a mix of pine forest, pinyon-juniper woodland and open meadow grasslands. Spectacular views can be savored throughout the property.

The canopy is defined by ponderosa pine, quaking aspen, Douglas fir, pinyon pine, Gambles oak, scrub oak, mountain mahogany, cliffrose, willows and several varieties of juniper.

The range supports a buffet of native grass and forbs including Arizona fescue, mountain muhly, junegrass, Stipa sacaton, blue gramma, muttongrass, timberoatgrass, bluegrass and Rocky Mountain iris.

When it seems that the ranch’s natural attributes couldn’t be any better, it sits at the headwaters of two major creeks. Cebolla Creek feeds Ramah Lake and Cottonwood Creek flows into Bluewater Lake. As an added bonus, a private

cave filled with crystal formations is tucked away in a hidden corner of the ranch like a rare jewel.

To further enhance the exceptional habitat, owners have installed a new well, five miles of pipeline to supply permanent drinkers, three irrigated and several dryland food plots, and constructed a new dirt tank. Other enhancements include noxious weed removal and timber thinning.

While the management efforts have been focused on elk, mule deer, black bear and wild turkeys and numerous other wildlife species have also benefited from the work. The ranch is granted unlimited over-the-counter turkey, black bear and cougar licenses.

Elk, Elk and More Elk Because of the habitat work, the number of elk on the ranch has increased. In fact, elk densities are higher on the Ol’ Man than anywhere else in the GMU. The number of trophy bulls harvested each year has increased as well.

When the summer transitions to fall, elk numbers increase as the rut prompts the large ungulates to move and congregate. The deck of the lodge provides a unique opportunity to witness the rut playing out in the agricultural fields below.

Historically, the Zuni Mountains have produced bulls scoring over 400 inches and

mule deer reaching the 200-inch mark. Due to the intense conservation work done through habitat improvements across the property, the Ol’Man Ranch has been recognized as a Special Management Ranch by the New Mexico Department of Game and Fish.

Because of this designation, the ranch has been allocated five incentive elk authorizations to include: *two–any legal weapon mature bull authorizations valid October 1-December 31 (any five contiguous days); three–any legal weapon mature bull authorizations valid October 7-December 31 (any 5 contiguous days); four– any legal weapon mature bull authorizations valid October 14-December 31 (any 5 contiguous days); eight–either sex archery authorizations; and eight–antlerless authorizations.

As elk hunters know, having the ability to hunt two elk tags with a rifle on October 1 is a coveted opportunity; the elk rut is still at its peak and the largest bulls are vulnerable as they concentrate on amassing a harem.

In 2022, the elk hunter harvest success rate was 95 percent. Thirteen mature bulls were harvested, with eight of those gross scoring more than 330 inches and two scoring more than 370 inches. The tape measure proves the Ol’ Man Ranch is one of the best elk hunting properties New Mexico—and the Mountain West has to offer.

WINTER 2023 | LAND

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ON THE COVER

| O L' M A N R A N C H

The Living When it's time to return from the day’s outdoor adventures, the stunning three bedroom/threeand-a-half bath lodge is a welcoming destination.

The well-designed 2,500-square-foot structure is perched on a hilltop overlooking a small lake and lush agricultural fields. A 600-square-foot garage outfitted with ample shelves for storage is attached to the lodge and the 900-squarefoot “master’s quarters” that includes a full bath is adjacent to the lodge.

A 7,200± square-foot, multi-purpose metal shop is within walking distance of the lodge. To make the most of its space, the building is divided into three sections. The first, encompassing about 1,600 square feet, is enclosed with garage door bays. The second, also measuring about 1,600 square feet, is enclosed and features a three-bedroom guest quarters. The remaining 4,000± square feet contain roofed open bays.

The south end of the ranch boasts two additional housing options: a 2,000± square-foot two bedroom/three bath house with an elevated loft and a 1,400± square foot three bedroom/two bath modular home.

For anyone looking to answer the call of the wild, especially if that call is the bugling of an elk, there is no better place and no better opportunity than the Ol’ Man Ranch. °

13,053± Acres CIBOLA COUNTY NEW MEXICO Property ID: 17756595

$31,500,000

Whitetail Properties Real Estate 217-285-9000 Info@WhitetailProperties.com

WhitetailProperties.com

LAND INSIDER

For the Land F E AT U R E D P R O D U C T S T H AT W I L L EN H A N C E YO U R L I F E O N T H E L A N D .

Discover More Insider

Daytime Deadfall Feeder

Heated Hand Warmer Pouch Stealth 3.0X Realtree

An e-bike outfitted with an integrated long-

A heated hand pouch that harnesses

A weather-resistant, timed deer feeder

range swappable battery, a powerful hub-

patented heating technology to quickly

camouflaged as a natural log that can be

drive motor, industry-leading load capacity

deliver the most warmth in the industry.

programmed to open and shut on a schedule.

and all-terrain fat tires that allows you to

Why We Love It → With a 350-pound

16

Quietkat E-Bike

travel farther and explore more terrain.

Why We Love It → Professional athletes embrace this technology to keep them at the

capacity, the feeder doesn’t need

Why We Love It → A portion of all sales

top of their game in cold weather and now

frequent refilling and the tight-fitting top

will go to the National Deer Association

its ultimate comfort is available to the rest

prevents critters from eating your deer

to ensure the future of wild deer, wildlife

of us as we ski, hunt or just venture into the

feed at night.

habitat and hunting.

outdoors during the winter.

TECTO N I C- USA .CO M

FIRSTLITE.COM

GETGTECH.COM

Dead Down Wind™ Wind Scout

French Fireplace Bellows

A lightweight, easy-to-carry wind

Beautifully practical wooden bellows

Teton Topo Pocket Compass

detection device that uses unscented

sporting a 4.5-inch tin nose, a double thong

A modernized version of Brunton’s vintage

smoke and advanced vapor technology to

closer that also serves as a hanging strap

compass featuring the iconic Grand Teton in

let you quickly and easily determine wind

and carved concentric circles that add style

honor of Wyoming, the company’s home state.

direction.

to the beech surface.

Why We Love It → The smoke is easy to

Why We Love It → These timeless

a durable, scratch-resistant black anodized

see in the light and the rubberized outer

hardwood bellows add a touch of elegant

finish, a swivel-style lid with a mirror and a

shell keeps it silent as you hike.

simplicity to your home or cabin.

lift arm that stops needle movement.

DEADDOWNWIND.COM

G A R R E T T WA D E . C O M

BRUNTON.COM

| LEGENDARY LIVING

Why We Love It → The pocket compass has

LAND INSIDER

From the Land F E AT U R E D P R O D U C T S T H AT A R E SOURCED FROM THE L AND.

Discover More Insider

Cibolo

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Ebullience

Cibolo is a Western-style boot crafted

Rio Grande Scarf

from wild-caught giant alligator that was

A 100 percent silk jacquard scarf with hand-

A rare and unique Old World-style ramato

inspired by boots that company founder Sam

rolled edges that showcases some of the Rio

wine crafted predominantly from Pinot Grigio.

Lucchese once wore.

Grande Valley’s most iconic denizens.

Why We Love It → Svelte and

Why We Love It → Handmade in Texas,

Why We Love It → The scarf is wearable art

sophisticated, this Hill Country sparkling

the boot design incorporates sueded floral

featuring an original oil painting, Rio Grande

wine offers aromas of white peach, ruby

inlays, a scallop around the collar and

Valley, by New Western Talent 2022 Artist

red grapefruit and wild honey.

comes in four different colors.

Kirstyn Wright.

H E AT H S PA R K L I N G . C O M

LUCCHE SE .COM

WE STERN .G ALLERY

Lion Guard Leather Motorcycle Gloves

Murphy’s Mellows Chai Spice Mellows

Motorcycle gloves made from full-grain

Small batch marshmallows made with from

Rose Anvil Travel Wallet

water buffalo hide, which is three times

gelatin (grass-fed, all-beef), natural flavorings,

A full grain leather travel wallet that features

stronger than cow hide.

colors and organic fruits and juices.

quick access pockets that can hold credit cards,

Why We Love It → Despite their

Why We Love It → Chai Spice Mellows feature

durability, the gloves are flexible and soft,

a blend of warm spices that elevate your hot

Why We Love It → Its slim yet spacious

and over time they mold to your hands

chocolate to new heights or make an amazing

design allows you to keep your essentials

giving them a custom fit.

chai latte when added to milky black tea.

close at hand no matter where you go.

MAROONBELL .COM

MURPHYSMELLOWS .CO M

ROSEANVIL .COM

| LEGENDARY LIVING

passports, cash, boarding passes and more.

SUMMER 2022 | LAND

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LAND INSIDER

Books F E AT U R E D B O O K S T O K E E P Y O U BUSY ON THE L AND.

Discover More Insider

Mountain Rides: Vintage Vehicles & Tales of the Wild West

Cowboys and Rodeos A beautiful coffee-table book spotlighting a working ranch in northern California,

A sweeping narrative of the American West

horses, cattle, tack, boots, buckles, cowgirls,

A 250-page photographic work-of-art that

and its vital role in the transformation of the

cowboys and rodeos.

captures the story of 20 vintage 4x4s and

nation as interpreted by renowned historian

the people who keep them alive.

Elliott West.

Why We Love It → The stunningly beautiful

Why We Love It → The timeless design

Why We Love It → Within its 700-plus

Rodeo Cowboys Association photographer

aesthetic and premium print quality make

pages, West offers a fresh approach to the

Alyn Robert Brereton showcases the allure

this book the perfect addition to any

dawn of the American West, one of the most

and romance of cowboys, horses and the

adventurer’s coffee table.

pivotal periods in our nation’s history.

wild west.

J O H N N Y VA C AY. C O M

NEBR ASK APRESS .UNL .EDU

M A I S O N A N D TAV O L A . C O M

Wonder Year: A Guide to Long-term Family Travel & World Schooling An inspirational, how-to book that demystifies the daunting prospect of embarking on a long-term family trip.

Why We Love It → This book can make

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Continental Reckoning: The American West in the Age of Expansion

Roaming America: Exploring All the National Parks A journal of personal travel experiences and musings supplemented with insider tips to make

Dirty Gourmet: Food for Your Outdoor Adventures

planning a national park adventure a breeze.

A cookbook featuring 120 deliciously

Why We Love It → Renee and Matthew

and backcountry adventures.

Hahnel are professional travel photographers who documented their seven-month quest to

the dream of an epic, months-long family

visit every national park in America with stunning

adventure a reality.

imagery that makes you want to hit the road.

WONDERYE AR .COM

M A I S O N A N D TAV O L A . C O M

| LEGENDARY LIVING

and vibrant photography of Professional

modern recipes for day trips, car camping

Why We Love It → “Dirty Gourmet” is really a lifestyle, one that celebrates delicious food, warm company and outdoor fun.

M O U N TA I N E E R S . O R G

S P OT L I G H T O N

D2 Cattle & Energy Ranch 77,809.72± Acres in Corona, New Mexico P R E S EN T ED BY B E AV ER H E A D R A N C H G R O U P

FALL 2022 | TE X A S L AN D

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SPOTLIGHT

| D 2 C AT T L E & E N E R G Y R A N C H

T

he D2 Ranch, an iconic example of the ranches of American West, is an expansive, revenueproducing legacy property. With 77,809± acres (34,034± deeded acres, 26,120± acres of New Mexico State Land Trust and 17,655± of BLM leased acres) or 121 square miles in a contiguous block, the D2 is rare, remarkable and massive.

Framed by mountain views that encompass a picturesque landscape, the ranch is home to abundant wildlife and a thriving cattle operation. This best-in-class property offers the optimal blend of scenery, accessibility, privacy, wildlife, recreation and productivity. Assembled and responsibly managed over decades, this extraordinary ranch combines all the most sought-after characteristics into one complete and balanced package. °

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77,809.72± Acres LINCOLN COUNT Y NE W ME XICO Property ID: 17275618

$32,000,000

Travis Driscoll, Broker 505-328-2530 Travis@BRGRanches.com

BRGRanches.com

5 Q&A

Questions About CARBON MARKETS A Q&A with TALT CEO CHAD ELLIS S TO RY BY L O R I E A . WO O DWA R D P H OTO BY W Y M A N M E I N Z E R

Carbon sequestration, either nature-based or engineered, is a hot topic of conversation for policy makers, conservation organizations, agencies and landowners. Like most natural resource challenges and opportunities, it takes land.

I sat down with Chad Ellis, CEO of the Texas Agricultural Land Trust (TALT), for a quick Q&A. Ellis is one of the senior movers, shakers and thinkers in the emerging field of ecosystems markets of which the carbon market is one of the earliest opportunities.

FO R M O R E I N FO R M AT I O N ON CARBON MARKETS AND EC O S YS T E M S E RV I C E S , C H EC K O U T T H E FO L LOW I N G ONLINE RESOURCES:

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Texas Agricultural Land Trust

Soil Carbon 101

Texas Ecosystem Services: A Statewide Assessment

1

What prompted the development of the carbon market and is continuing to drive its growth?

CE: Carbon markets were created by demands being placed on corporations by their stockholders and NGOs in response to climate change and governments’ pledges to reach carbon neutrality and eventually zero carbon benchmarks. In the United States, participation is voluntary. In other countries, such as those in the EU, participation is mandatory and operates under a different regulatory system.

2

What opportunities exist for landowners and why should they consider participating in this emerging market?

CE: The carbon market is the first of several nature-based opportunities that are emerging because of the reasons we’ve discussed previously. These emerging markets represent the first time that landowners can get paid for the “products” of their voluntary land stewardship. Historically, landowners’ efforts have produced the clean air, water, biodiversity, wildlife habitat and so many other ecological services that are essential to life for free.

When it comes to the carbon market, which is the most mature, the prices have not gotten extreme. Right now, they are running between $17 to $20/ton/acre on well-managed rangeland. Many landowners are trying to decide whether it’s in their best interest to get into the market now at these price points or wait until the market matures even more and prices rise.

It’s important to understand that each property has its own “soil DNA” and some naturally sequester more carbon than others.

Factors include soil type, rainfall and vegetation.

Sand in dry areas holds less carbon than clay in higher rainfall areas. As a result, it might not make sense for a rancher in Kent, Texas to participate in carbon markets, while naturebased carbon sequestration might be a perfect fit for someone who operates in the Brazos Valley near College Station, Texas.

3

Because the market and many of its players are not yet established, how can landowners best protect themselves from bad decisions or being taken advantage of?

CE: My best advice is to be patient, get educated and ask the right questions. Don’t jump into an agreement until you explore the options by talking to different companies and coming to understand what the best fit is for you and your family.

When it comes to carbon markets, as in everything, you don’t know what you

don’t know. To that end, I’d suggest taking advantage of the resources that are available.

(See the sidebar for some online resources.) In the process of creating your knowledge base, don’t overlook landowners who are already active in the market.

Here at TALT, we’ve worked hard to create a hub of trustworthy sources and information. As an organization, we’re neither for nor against, but an objective sounding board that presents the pros and the cons. Just like a conservation easement, participating in a carbon market must help you reach your goals. It makes sense for some families, but not for others.

Finally, if you’re seriously considering signing a contract, find an experienced attorney to help you negotiate the best position and avoid pitfalls. Carbon contracts are complicated, so they need to be right.

4

What are the baseline questions landowners should ask themselves when considering whether carbon markets are right for them?

CE: There are too many to list. For the purposes of this discussion, though, I’ll suggest two as a starting point.

First, determine the length of commitment.

How long am I and my family going to be obligated to the terms of this agreement? Some contracts are limited to a year, but others are five, 10, 30 or even permanent commitments.

Second, find out whether you will be paid for implementing a practice change such as rotational grazing or for sequestering carbon, which is outcome based and potentially carries more risks. From a landowner’s perspective, implementing or changing a practice carries less cost and is simpler and less volatile.

In nature-based carbon sequestration, there are a lot of steps, variables and scientific unknowns that make this market more complicated and riskier. Generally, these contracts require measuring the existing carbon in the soil to create a baseline and then remeasuring it after a certain time, usually five years, to determine whether the amount of carbon has increased. The payments are predicated on the increase.

The amount of carbon sequestered is impacted by variables like drought and floods.

It’s important to understand who is liable for the unpredictability of Mother Nature and how that will be associated with the payments. If you as a landowner don’t hit the modeled projection, will you be responsible for giving the money back?

There are some big questions that need clear answers before any contract is signed.

From my seat, I believe our carbon markets are here to stay.

Right now, we’re seeing $1 billion traded annually at the global level. Every day in America we’re moving closer to a path for longevity.

5

From your seat at the table are the new carbon markets going to stick around or are they just a flash in the pan?

CE: From my seat, I believe our carbon markets are here to stay. Right now, we’re seeing $1 billion traded annually at the global level. Every day in America we’re moving closer to a path for longevity.

The marketplace has begun to weed out the “fly by night” players and strengthen those entities with staying power. As result, we’re beginning to see differentiation to a point where soon landowners might look at one marketplace that isn’t a fit but have another that is.

Bonus Question (because five just isn’t enough). If they are lasting, what additional opportunities might open?

CE: Water markets and mitigation markets already exist and are the most mature ecosystem services markets. Others that are being developed include biodiversity credits as well as methane emissions. °

*

WINTER 2023 | LAND

27

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PROFILE

A WIN-WIN S TO RY BY L O R I E A . WO O DWA R D P H OTO S C O U R T E S Y O F WA R R I O R E A R T H

WINTER 2023 | LAND

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P

aul Stoner got the idea for Warrior Earth, a family-run forest investment company, when he spilled a bag of water softener salt on the basement floor of his family’s home.

“I looked at those little square pellets of salt and realized that large forests could be divided into smaller segments and traded on-line,” said Stoner, a serial entrepreneur and inventor who founded and sold a fiber optics company near Chicago along with its associated technological patents in 2008. He and his wife Renee launched Warrior Earth in 2009. Today, all their six children are actively involved in the Warrior Earth company, which is based in Columbus, Ohio.

The fateful salt spill occurred at about the same time former Vice President Al Gore was raising the profile of climate change and the role of carbon in that phenomenon. The now-defunct Chicago Carbon Exchange was active. A carbon credit bill also was moving through Congress that would have formalized carbon trading as part of American business.

As Stoner looked to the future, he set his sights on South America. The rainforest is a beautifully diverse environment that is rich with carbonsequestering trees and magic moments. One day, Stoner waterskied down the Amazon River in Peru while a pink freshwater dolphin swam alongside.

But Stoner was there to work. Initially, he conducted due diligence on 70 large-scale properties far off the beaten path in Brazil’s Amazon basin. After the exhaustive search failed to yield the appropriate property, Stoner was defeated.

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Then, he met an ex-pat from Dayton, Ohio, who recently had married a Peruvian woman.

After hearing what Stoner was attempting to do, he invited Stoner to visit Peru. Stoner arrived in the Amazon River town of Iquitos, Peru, where he hired a full cadre of lawyers, pilots, translators, realtors, accountants and other consultants just as he had done in Brazil. Together, they began the arduous task of exploring every facet of 60 additional properties.

Depending on where they were, the team spoke in Spanish, Portuguese and tribal dialects and sometimes found themselves paddling down tributaries in dugout canoes to visit indigenous chieftains. During this time, Stoner contracted cholera. His fever hovered around 104° F. He was ill for more than a month and yet he continued to push, meet with landowners and do missionary work in his off hours. No suitable property was found, so it appeared as if all the hardship would be for naught.

Then, the devout Christian asked his friend from Ohio to pray with him. Prostrate on the floor, Stoner asked God to forgive him for wasting his family’s financial resources and said he was going buy a plane ticket home to Ohio that same day unless God stopped him.

As the story goes, Stoner was walking down the street to purchase the ticket home, when a man on a motorcycle blocked his path and asked, “Are you Senor Pablo Stoner?” The stranger named Moises represented eight elderly siblings who were ready to sell 83,000 acres of timber, a holding the size of the country of Grenada.

“God told me to find you,” Moises said.

A month later, Stoner had closed on the property known as “Jay Alay,” pronounced “High-ah-leigh.” In its early years, Warrior Earth, which took its name from Exodus 15:3, offered “forest tiles.” It was a conservation-minded model that allowed people to purchase tracts of rainforest timber to preserve them.

“It was like buying a gift certificate for a star or land on the moon because people could ‘own’ something, but they couldn’t sell it for a profit,” Stoner said. “Our purchasers owned both the trees and the land, making it a traditional real estate transaction that was complicated by international regulations. The cumbersome process could take months to complete.”

Always a problem-solver, Stoner turned the model over in his mind—and had an ah-ha moment on the scale of the Great Salt Spill.

“The problem was dirt!” Stoner said, laughing.

While Warrior Earth still offers a limited number of traditional properties, ranging from 300 acres to 10,000 acres with river frontage and timber, the firm has created an entirely new product. The product is called “Forest Classifieds” and includes an online marketplace, www.warriorearth.com, where they can be sold.

“We separated the trees from the dirt,” Stoner said. “Problem solved.”

Under the new model, Warrior Earth SAC legally owns the land, while the forest buyers and sellers legally own the standing vegetation.

(Warrior Earth supplies the forest owner with a physical certificate of forest ownership incorporating digital security features.) This separation moves the transaction outside the realm of traditional real estate, so closings now

WA R R I O R E A R T H : A W I N -W I N | P R O F I L E

take place in a day or two and are not subject to the labyrinth of international regulations governing buying and selling real property. It creates an easily marketable product without any of the liabilities of actual land ownership.

The online marketplace is continuously updated, so new forest holdings are constantly available.

“Because the forest is listed ‘for sale by owner,’ the product is not classified as securities by the SEC,” said Stoner, citing SEC v Howey, 1946.

On the website, various sized forest tracts are bought and sold “peer-to-peer.” Investors click the “Buy It” button to purchase a conservation forest listing from the online marketplace.

When forest owners are ready to cash out, they post their listing on “Forest Classifieds.”

Of the original 83,000 acres, 60,000 acres

have been set aside and allotted for selling conservation timber. The timber is bought and sold by the cubic yard, extending 90-feet above ground level.

According to Stoner, the company has an inventory of 8.71 billion cubic yards of timber aka Assets Under Management (AUM). As of November 27, 2023, based on that day’s price of $0.1150771 per cubic yard, the value of the standing timber was around $1.002 billion and the price continues to escalate, he said.

“Our company has no bank debt and very low operating costs,” Stoner said.

Working under the company motto, “Save Trees, Make Money,” the entrepreneurial family is procuring a host of patents as it pioneers this new investment vehicle. Stoner said Warrior Earth is poised to acquire additional properties in Brazil and Africa, where they will put this model to work on behalf of conservation and investors.

The opportunity has resonated with investors.

Warrior Earth is fielding a lot of calls from potential clients who are retiring and are seeking high passive incomes from their 401K savings.

“The IRS allows owners to buy and sell forest tax-free from their personal IRA or Solo-401K retirement plans,” Stoner said.

The Stoners’ daughter, Allison, handles the 401K rollovers into forest ownership, helping ensure the transactions don’t accrue any penalties. Under a typical use case, the product could generate about $445,000 of annual income on a $3 million forest purchase and resale, he said.

The Warrior Earth family also takes the guesswork out of the equation. The exact profit forest owners will receive by selling their holding is updated every second on their phone or their computer.

Finally, many of the forest listings offer a 100 percent money back guarantee, so risk is non-existent.

“If a buyer can’t resell their forest in a timely manner, the seller will refund their original payment,” Stoner said. “In addition to sellerprovided money back guarantees, Warrior Earth also has a patent-pending system of forest investor ‘Angels.’”

According to Stoner, these investors, register to have the first right to “swoop in and fund money back guarantees for other transactions.”

This unique process creates additional profit for the Angels and protects other clients’ principal.

Stoner said that a few sellers even allow buyers to deposit funds into a third-party escrow account, which means buyers don’t have to release funds until after their forest resells at a profit. These “super safe” transactions come with slightly higher fees, but they are designed for first-time buyers who want to test the Warrior Earth system, he said.

“At Warrior Earth, our vision is the ultimate win-win for the rainforests and for investors,” Stoners said. “We’ve harnessed the power of the economy and put it to work for the environment, which benefits us all.” °

Warrior Earth is also the source for rainforest ranches.

With more than 30 miles of river frontage, the team offers tracts ranging from 300 acres to 10,000 acres.

On these tracts, the landowners own both the vegetation and the soil beneath. They can manage accordingly including harvesting timber, selling carbon credits and building homes or ranches.

In addition, Warrior Earth maintains a network of local contacts and contractors who can make any dream come true whether it’s installing off-the-grid power sources or building luxury homes, boat docks and helipads to make coming and going easy.

Find Out More For more information about Warrior Earth, scan the QR code to explore the organization’s website. warriorearth.com.

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Aging Generation of Ranch Owners Looks To Sell As 'Frenzied' Market Cools D E A L S S LOW A F T ER PA N D EM I C S U R G E

| These cattle graze on a wind farm in Amarillo, Texas.

Land in Texas is being looked at for renewable energy purposes, brokers say. (Getty Images)

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MARKET

S TO RY BY C A N DAC E C A R L I S L E

T

he once-frenzied market for ranches may have cooled this year, but deals are still getting done as older landowners look to part with their wide open spaces.

Just ask NFL legend Terry Bradshaw. The former professional football star quarterback and his wife spent more than five years marketing their nearly 800-acre ranch just north of the Red River in Oklahoma, listing it for $22.5 million,

| An aerial view of NFL Hall of Famer Terry Bradshaw's nearly 800-acre ranch just north of the Red River in Oklahoma. (Icon Global)

before selling it this year for an undisclosed sum.

He just didn't have the time to run a horse ranch like he once did, Bradshaw said. The buyer is a partnership that is rebranding the property as Red River Equine and developing a large-scale American Quarter Horse breeding and training facility.

Bradshaw is part of a generation of ranch owners taking advantage of rising valuations in recent years by seeking to either turn over the family ranch to a new generation or sell it to another legacy owner wanting to carry on the traditions of the American West. But what once was a surge of properties trading hands throughout the southwest United States and Texas has now slowed, as high interest rates and rising property valuations keep some buyers at bay.

Longtime ranch broker Sam Middleton's firm brought in over $1 billion in sales 2022 with the Four Sixes Ranch selling to a group led by "Yellowstone" creator Taylor Sheridan and the sale of the late oil tycoon T. Boone Pickens' ranch in West Texas to energy investor Bill Kent. This year, there's been fewer such blockbusters.

"We are coming back to a more normal situation," Middleton, owner of Chas. S. Middleton and Son, which specializes in ranch appraisals and sales, told CoStar News. "Buyers today are more selective after a crazy few years that didn't make sense. The better properties are still getting sold, but there's not that frenzied market."

Still, new ranches continue to come to market, often as families consider their future, said James King, director of King Land & Water, a Texas ranch broker.

"If four families inherit a ranch that supported one family, it becomes harder to support families on that same ranch," King told CoStar News. "One major piece to that puzzle is land prices have gone up enormously in value in Texas over the last several decades. These families could be sitting on assets worth millions of dollars when they are only producing tens of thousands of dollars a year.

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| Ranch land is viewed as a low-risk investment by some. (Icon Global)

One major piece to that puzzle is land prices have gone up enormously in value in Texas over the last several decades.

| Terry Bradshaw's ranch is going to be home to an American Quarter Horse facility under a new ownership group. (Icon Global)

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AG I NG G E N E R AT IO N OF R A NC H OW N E R S L O OK S T O SE L L A S ' F R E N Z I E D' M A R K E T C O OL S | M A R K E T

considered a "safe haven," by some investors, he said, but they also are personal investments on behalf of would-be buyers.

Rare Investment

"The economics are too enticing, and they often will choose to sell the land to have, for example, $5 million in a lump sum instead of making $100,000 a year in income," he added.

In Texas, on average, King said land values have risen six percent annually over the past 40 years and are expected to keep climbing.

Preserving History The ranch trade was popularized decades ago when billionaire Ted Turner, founder of the cable television colossus CNN, began buying ranches to preserve open spaces in the United States. He is one of the nation's largest landowners of ranch and private land.

The investment ended up being a sound financial decision as land values soared— enticing other high-net-worth individuals, families and companies to follow suit, said Tyler Jacobs, director and real estate partner at Hall and Hall.

Jacobs, based at the firm's branch in College Station, Texas, sees a generational shift of ranch owners as baby boomers age out of ranching, handing over the reins to a younger generation—or possibly new

owners—as more ranches come to market.

And they include sales to individuals who want to hand a legacy piece of real estate to their children and grandchildren, he added.

With a month-and-a-half left in the year, Jacobs said his firm was expecting to do "well over $1 billion in sales again this year," on 10 fewer transactions this year, compared with last year, with the deals getting done being larger than last year's. Overall, Jacobs said his volume of deals this year is "dead even," with 2019, before the pandemic.

"This should be our second-best year ever in dollar sales volume, slightly better than last year and well below 2021, which was our highest dollar volume," Jacobs said, adding the cycle of life continues to plod along, as do the ranch deals that arise. "The year 2020 was a little higher transaction volume than 2019, which was similar to 2022, and 2021 was almost double" that amount.

Land has been a sure bet for decades, Jacobs said, with insurance companies and pension funds parking capital into cattle ranches, as well as timber and crop land, even as the broader economy slowed. Ranches are

Even with the turmoil in the broader economy, Bernard Uechtritz, founder of Icon Global who represented Bradshaw in the sale of his ranch, said great properties can sell in any market.

The broader economy and access to debt can hit some traditional ranch investors, but those with deep pockets still have a desire to buy irreplaceable properties. Uechtritz said Icon Global has a steady book of business, with investors seeking to bet on the future of land.

That Texas land rush has taken on institutional investor appeal, Uechtritz said, with those investors not only looking for a good, long-term investment but a place to create wind and solar farms and sell carbon offsets, or credits, for the emissions they reduce. He declined to disclose the names of would-be investors, citing confidentiality agreements, but said they include "real estate and investment funds," which are competing for wide swaths of land.

Dallas-based hedge fund manager and billionaire Kyle Bass declared last year that he wanted to turn undeveloped land in Texas into a new asset class after his private equity arm, Conservation Equity Management, spent $90 million acquiring six properties totaling 37,000 acres throughout Texas.

King of King Land & Water said the state's swelling population could put pressure on the land, especially if big ranches get cut into smaller properties to appease the incoming Texans, who might prefer a more manageable 100-acre spread.

"Water is the biggest issue when you talk about fragmenting ranch land," King added.

"Some of the aquifers can't take the pressure of that many straws, and it's already becoming a heated subject during the recent droughts in Texas. This summer, the Guadalupe River was bone dry."

Meanwhile, Uechtritz said he expects to see even more ranches—from small 6,000-acre ranches to 60,000-acre ranches—come to market next year with smart money continuing to bank on Texas ranch land. °

Read Original Article Article first appeared November 27, 2023, on CoStar News. Scan here to read.

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DIAMONDPROPERTY Mesa Vista Ranch ROBERTS COUNT Y, TE X AS

10,325± Acres • $17,036,250 Mark McMillan Mesa Vista Ranch, LLC (803) 974- 4601

Find Out More Scan here to see this property on Land.com Property ID: 18774032

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DIAMONDPROPERTY Broken Arrow Farm DALL AS COUNT Y, AL ABAMA

1,513± Acres • $10,600,000 Walter Tutt Tutt Land Company TUT TL AND.COM

Find Out More Scan here to see this property on Land.com Property ID: 18746596

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DIAMONDPROPERTY Wilkes Limousin Ranch FREMONT COUNT Y, W YOMING

965± Acres • $5,000,000 Roy Ready Western Land Sales 307-234-2211 WESTERNL AND.NET

Find Out More Scan here to see this property.

Property ID: 18081844

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DIAMONDPROPERTY Granite Ranch TETON COUNT Y, W YOMING

33.64± Acres • $8,995,000 Latham Jenkins Live Water Properties LIVE WATERPROPERTIES .COM

Find Out More Scan here to see this property.

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DIAMONDPROPERTY Dawson Elk Valley Ranch COLFA X COUNT Y, NE W ME XICO

50,039± Deeded Acres • $96,000,000 MIRR RANCH GROUP MIRRR ANCHGROUP.COM

Find Out More Scan here to see this property on Land.com Property ID: 11421401

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Over 145 listings available at

CaliforniaOutdoorProperties.com Property Videos

CAOutdoorProperties

Boekenoogen Carmel Valley Ranch

9,818± Acres in Monterey County, California

Imagine 9,818 acres of coastal range land, with the highest peak on the Santa Lucia Mountain Range, overlooking the Salinas Valley, Carmel Valley, and on a clear day, Santa Cruz, Carmel by the Sea, and the ocean! The ranch is nicely set up for cattle operation running up to 200 pair year-round or 400 pair from April-September.

There are multiple improvements including a ranch headquarters, main ranch house, hay barn, and an additional homesite. A 7.5-acre vineyard is located on the lower portion of the ranch with a variety of grapes. There are multiple wells, livestock troughs, seasonal ponds and creeks throughout the property. Hunting and recreational opportunities are abundant. The ranch enjoys income from tower rentals, as well as a hunting lease. The entire 9,818 acres are in the Williamson Act, which provides a tax benefit to the owner. Listing Agent: Donna Utterback, 530.336.6869, or Denny Prins, 530.410.5755

Constantia Ranch

Property ID: 17187077 | $26,000,000

4,872.24± Acres in Lassen County, California

Located just 40 minutes north of Reno, NV, and five miles south of Doyle, CA, right off Highway 395 in Lassen County lies the historic 4,872.24 ± acre Constantia Ranch. The ranch encompasses 1,325 ± irrigated acres and over 3,547 ± acres of dry pasture, making Constantia Ranch ideal for a turnkey high-yielding hay and livestock operation. Water is plentiful on the property with 12 center pivots, 1 lateral, and 4 wheel lines that support alfalfa, corn, small grain, and teff hay crops.

There are 6 ag wells, all with variable frequency drives. In addition to crops, the ranch supports approximately 100 pair of livestock over a typical six-month grazing season. Improvements on the ranch include a 4,072 SF main home, a 1,382 SF caretaker home, a barn, a newer 9,600 SF machine and equipment shed, various outbuildings, and a history-rich bunkhouse in need of TLC. Constantia Ranch has all the necessary ranching infrastructure needed for a productive agricultural property.

Listing Agent: Scott Ulch, 775-424-1952, or Todd Renfrew, 707-455-4444

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Property ID: 18050966 | $10,999,999

Over 145 listings available at

CaliforniaOutdoorProperties.com Property Videos

CAOutdoorProperties

The Carroll Ranch

Coffey Lane Vineyard

3,068± Acres in Shasta County, California

56± Acres in Sonoma County, California

Listing Agent: Denny Prins, 530.410.5755 or Donna Utterback, 530.336.6869

Listing Agent: Jim Martin 707.272.5507

Property ID: 15706314 | $16,595,000

Property ID: 18733215 | $8,200,000

Price Reduction

Sentinel Retreat

Dixie Ranch

55± Acres in Siskiyou County, California

63.96± Acres in Pershing County, Nevada

Listing Agent: Todd Renfrew 707.455.4444

Listing Agent: Ellie Perkins 775.761.0451 or Todd Renfrew 707.455.4444

South Creek Ranch

Tailem Bend Vineyard

Property ID: 17311821 | $5,099,000

336.91± Acres in Sierra County, California Property ID: 18280109 | $2,750,000

Listing Agent: Marlene Boggs, Peggi Vernon, or Scott Ulch 707.455.4444

Property ID: 18723991 | $3,480,000

126± Acres in Calaveras County, California Property ID: 15706299 | $1,750,000

Listing Agent: Ed Perry 916.517.9969 or Rea Callender 650.722.0361

(707) 455-4444 | Info@CAOutdoorProperties.com | 707 Merchant Street, Suite 100 | Vacaville, California 95688 View All Properties: Land.com/member/8876

Elk Creek Ranch

Sarich Farm

Mirr Ranch Group is proud to introduce the Elk Creek Ranch. This private sporting club is one of the most premier and exclusive fly-fishing and hunting communities in the world. Tucked away in northwestern Colorado and along the banks of the legendary White River, Elk Creek Ranch comprises approximately 15,000 total deeded acres and more than 30 miles of pristine and private trout water. This exclusive private membership ranch is limited to only 67 owner-members, and Mirr Ranch Group is pleased to currently have seven active listings available for interested buyers.

Sarich Farm, located just 3 miles northeast of Kimball, Nebraska, is an exceptional turn-key farm offering productive land and opportunities for both farmers and investors. The property features a total of 649 acres of agricultural land, including 284 acres under a center pivot irrigation system and 365 acres of dryland farm ground. The property benefits from its convenient location near Kimball, providing easy access to local amenities, markets, and transportation routes. This further enhances the desirability and potential profitability of the Sarich Farm.

Starting at $1,550,000

$2,250,000

Property ID: 18261728

Property ID: 18761749

Canyon Creek Ranch

Cochetopa Dome Ranch

Canyon Creek Ranch resides in the coveted 19,000-acre Grand River Ranch in the heart of the Rocky Mountains. Situated only two miles from Kremmling, this community of ranches is a unique combination of high alpine aspens, vertical rock formations, lush valleys, and rolling irrigated meadows. Grand River Ranch was designed for those who wish to own a ranch but need access to world-class amenities like the artfully crafted main lodge, private fishing cabins, and equestrian facilities. At the moment, the Canyon Creek Ranch is the only available parcel and opportunity to become a part of the exclusive Grand River Ranch. The property is the perfect canvas for future owners to build their dream home.

Nestled at the base of Cochetopa Dome, its namesake, lies 1,612 acres of pristine high mountain grazing land. While remote, the ranch can be accessed year-round along Highway 114 and is just an hour’s drive from Gunnison to the northwest and the town of Saguache to the southeast. The property is bordered on three sides by expansive public lands which allow outstanding big-game hunting access. The ranch is set in a well-watered valley that features miles of creek and multiple pond features that irrigate the pastures creating healthy grasses for grazing and wildlife. Along the southern boundary, the property transitions from irrigated pastures to timbered draws – integrating into thousands of acres of the Gunnison National Forest.

$4,500,000

$4,250,000

Property ID: 11370121

Property ID: 17604877

15,000± Deeded Acres in Rio Blanco County, Colorado

680± Deeded Acres in Grand County, Colorado

649± Deeded Acres in Kimball County, Nebraska

1,612± Deeded Acres in Saguache County, Colorado

MirrRanchGroup.com Info@MirrRanchGroup.com

Office: 720-770-2946 • 901 Acoma Street, Denver, Colorado 80204 View All Properties: Land.com/member/11912

Coyote Creek Ranch

458± Deeded Acres in Platte County, Wyoming

Set along the Williams Fork River in desirable Grand County, Colorado, is the Aspen Canyon Ranch. With a completely renovated home overlooking over a mile of freestone river frontage, the property offers incredible sporting opportunities including excellent fly-fishing, trophy hunting for deer and elk, and infinite recreation on the property and the adjoining public lands.

Welcome to Coyote Creek Ranch, a hidden gem nestled in the tranquil landscapes near Glendo, Wyoming. This unique property represents the perfect balance of recreation, conservation, and prime hunting opportunities. Spanning 918 total acres (458 deeded acres), the property not only offers a sizable piece of land but also provides access to the beautiful North Horseshoe Creek and Coyote Creek. Further enhancing its desirability are the water rights to 120 acres of native hay meadows. The combination of its coveted location, remarkable hunting opportunities, and diverse habitats make Coyote Creek Ranch an investment that offers both a peaceful retreat and a valuable asset.

$3,500,000

$1,500,000

Property ID: 15882280

Property ID: 17815756

Aspen Canyon Ranch

370± Deeded Acres in Grand County, Colorado

Bow and Arrow Ranch

40,693± Deeded Acres in Las Animas County, Colorado

Lobe Creek Ranch

A rare opportunity to own one of the finest trophy elk and mule deer hunting properties in the state of Colorado. Located within the coveted GMU 40, healthy populations of elk and mule deer present world-class hunting opportunities all the way from archery through the latter seasons. 2.5 miles of live water on the ranch provides some great private fishing opportunities. Unlimited recreation abounds in this private sanctuary that presents a wonderful new opportunity on which to build a legacy.

Bow and Arrow Ranch offers a combination of production and recreation in one of the best value areas in the West. Contributing factors such as thoughtfully planned in-place water infrastructure and sectioned pastures allow this ranch to historically handle 500+ cows year-round in normal moisture years. The ranch is nicely improved with three homes, numerous outbuildings, over 40 miles of new exterior fencing, good access roads, and handling facilities, along with ample stock water resources and the recent addition of numerous wells. Deer, pronghorn, and elk inhabit the property year-round, and in good moisture years, there are plenty of turkey and quail.

$8,000,000

$16,227,200

Property ID: 18264264

Property ID: 17954634

1,000± Deeded Acres in Mesa County, Colorado

LEGACY RANCHES & FINE SPORTING PROPERTIES

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$3,000,000

M IDDL EC A M P R A NC H 110± acres

San Luis Obispo, California

San Luis Obispo County

The ravishing Middlecamp Ranch comprises 110 acres enveloped by the enchanting Edna Valley. Benefiting from panoramic views of the neighboring hillsides where cattle graze, vineyards, citrus, and avocado orchards, wineries, Edna Valley consists of a mix of both ranches and farms and boasts breathtaking views of the Nine Sisters, a chain of mountains located in western San Luis Obispo County. Middlecamp Ranch presents 2.6 acres of hobby orchards and 100 acres of grazing land. The Ranch is cross and perimeter fenced and includes a pole barn and bunkhouse. Water is supplied via two wells, springs, and reservoir. The gently sloping terrain provides numerous locations for future home sites with scenic views. Property ID: 14281968

CLARKCOMPANY.COM

I N FO@C L A R KCOM PA N Y.COM | (805) 2 38-7 110 1031 Pine Street, Paso Robles, California 93446 View All Properties: Land.com/member/9116 Licensed in California & Nevada: CA DRE# 00656930, NV RED# B.41551

$5,300,000

V I N E YA R D H I L L I R R I G A T E D G R O U N D 253± acres

San Luis Obispo, California.

San Luis Obispo County

Surrounded by golden hillsides to the north and flat land to the south, and easy highway access running east and west, Vineyard Hill Irrigated Ground presents 253± acres of all around prime convenience and opportunity. Complemented by a farm house built in 1938, an employee house, detached garages, barns and corrals. Additionally, Vineyard Hill Irrigated Ground presents 100± acres of irrigated farm ground with 21± acres of alfalfa on the north parcel and 79± acres farmed in vegetables on the south parcel. Vineyard Hill Irrigated Ground offers a world of prospects for a wide array of endeavors including potential commercial opportunity. Property ID: 17084138

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DAVE HARRIGAN

HUNTER HARRIGAN

Dave@HarriganLand.com

Hunter@HarriganLand.com

H A R R I G A N L A N D . CO M

(800) 524-1818

HAYSTACK RIVER RANCH

HAPPY JACK RANCH

C A R B O N C O U N T Y, W Y O M I N G

L A R A M I E C O U N T Y, W Y O M I N G

92,000± Acres | Property ID: 16345912 | $14,995,000

13,371± Acres | Property ID: 17362044 | $19,900,000

HARROWER RANCH

BEARSLIDE RANCH

L I N C O L N C O U N T Y, W Y O M I N G

D E LTA C O U N T Y, C O L O R A D O

200,000± Acres | Property ID: 16822758 | $11,950,000

918± Acres | Property ID: 18960488 | $4,600,000

BROADACRES RANCH

PURPLE ROCK RANCH

M I N E R A L C O U N T Y, C O L O R A D O

C I B O L A C O U N T Y, N E W M E X I C O

600± Acres | Property ID: 13992487 | $13,750,000*

2,170± Acres | Property ID: 18856821 | $4,400,000

*Smaller configuration also available.

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Taylor Development Property 163.36± Acres | Williamson County | Property ID: 18155412 | Call for price Land south of Taylor near Samsung but outside the ETJ maximizes development options while minimizing development time and cost. Currently used for cattle and row crop farming. Improvements include selective fencing, several stock tanks, working pens, a barn and a brick home. Fronts CR 406 with access to CR 405. Additional acreage is available. Call for more details and price. Land Investex LLC, Jimmy Fuchs, Listing Broker 210-413-3939 cell, 210-901-1000 office.

Taylor Development Property 69.34± Acres | Williamson County Property ID: 16734960 | Call for price Ideally suited property for development outside the ETJ near the Taylor Samsung plant. Frontage on two paved county roads contributes to about a half mile of options for ingress and egress to this agriculture tax-exempt property. Improvements include a brick home on concrete piers and steel I-beams with about 3,150 square feet under roof, a barn with about 10,000 square feet under roof, two sheds with about 3,200 square feet total under roof, and half acre pond. Call for more details and price. Land Investex LLC, Jimmy Fuchs, Listing Broker 210-413-3939 cell, 210-901-1000 office.

200 Northcrest Drive, San Antonio, Texas 78213 | View All Properties: Land.com/member/60408

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South GI Ranch $24,470,750 #22011 2156 23,455 ACRES PRINEVILLE, OREGON | The headwaters of the Crooked River. A year-round cattle ranch with exceptional water rights, recreational opportunities and quality livestock production. Headquarters includes homes, barns, shop, corrals and scales. The ranch includes 3,682± acres water rights for hay fields and meadow crops, 103,000± acres BLM grazing allotments, high desert, lakes, creeks, canyons and springs. SouthGIRanch-PrinevilleOregon.com

Productive Powell Butte Farm $9,975,000 #220172507 990 ACRES | 854 COID WATER RIGHTS FARM | Seven pivots, wheel lines, solid set pipe, three pumping stations. Shop, hay barn, livestock corrals/pens. Main home: 4,749 square feet, four beds, four baths. Two additional homes and potential additional building site.

11705shumwayfarm-powellbutteor.com

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W ILK S R A NCH BROK ER S

Anchor Ranch

Deep Creek Ranch

B L A IN E C O U N T Y, M O N TA N A

VA LLE Y C O U N T Y, I DA H O

6 6 , 9 37± AC R E S • $ 3 5 , 9 6 9, 8 5 0

1 , 0 9 4 . 8 8 ± AC R E S • $ 5 , 31 0 , 1 6 8

Property ID: 14958271

Property ID: 18240444

Hot Springs Summit Ranch

Sawtooth Mountain Range Timberland

VA LLE Y C O U N T Y, M O N TA N A

A DA M S , B O I S E , I DA H O A N D VA L L E Y C O U N T I E S , I DA H O

1 0 , 8 3 0 ± AC R E S • $ 31 , 9 8 5 , 0 0 0

6 0 , 2 8 5 ± AC R E S • $1 5 0 ,71 2 , 5 0 0

Property ID: 14441902

WILKSRANCHBROKERS.COM

Property ID: 17601379

W ILK S R A NCH BROK ER S

J I M M Y W I L L I A M S , B R O K E R • I N F O @ W I L K S R A N C H B R O K E R S . C O M • 8 17- 8 5 0 - 3 6 1 0

Additional off market large properties available, please contact us for more information.

WINTER 2023 | LAND

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23324 HIGHWAY 395 N 3,650± acres in Grant County, Oregon $6,995,000 | ID: 17146905

Pristine setting on Grouse Mountain surrounded by stately pines with views of the Strawberry Mountains and Valley below. Amazing craftsmanship throughout this stunning lodge, constructed with hand-scribed logs in 2004, 5,841 square feet, three-bedroom and three-bathroom. Unique etched elk entry door opens to vaulted great room with stone fireplace, formal dining, gourmet kitchen, office, bonus room, en suite bedrooms, large utility, sunroom, impressive decks, hot tub and oversized double attached garage. Radiant heat throughout with backup power system and mechanical room. The scenic 3,650-acre recreational ranch offers timber, grazing, hunting, seasonal creeks, ponds, lake, and horse/cattle facilities, including barn area, stalls, corrals, round pen, hay storage and tack room. The shop facility includes 2,544 square feet, a tool room, a wood shop, and a filtration system. Newer 992 Square-foot equipment shop with hoist. Wildlife sanctuary for deer, elk and more. LOP tags are available. Breathtaking views from every viewpoint. It’s a magnificent setting to share with weekend guests!

20799 NE O’NEIL HIGHWAY 15.61± acres in Crook County, Oregon $1,895,000 | ID: 18495744

Mary Doyle, Realtor (541) 280-4372 • MaryDoyle@CBBain.com ColdwellBankerHomes.com/Pacific-Northwest View All Properties: Land.com/member/421244

72

| LEGENDARY LIVING

Private country estate perched on Bluff with panoramic views of Smith Rock, Cascade Mountains and Lone Pine Valley! Amazing views from every window in this 5,618 square-foot, four-bedroom, six-bathroom nicely maintained home built in 1979. Step into the beautifully fenced and landscaped yard with open decks to relax and entertain while overlooking the lush farming valleys below.

Enter the open vaulted foyer with planter/fountain and spiral staircase to the upper level featuring two master suites plus an additional bedroom and a half bath. Main level includes a living room, dining room, kitchen, office, parlor, bedroom, bath, library, family room, half bath and utility. Library and one of the bedrooms and bathrooms are used as a quasi-apartment with its own entry and private deck. Newer 42x48 square-foot RV/shop with four 14-foot drive-thru doors and one 10-foot door. Also with attached woodworking tool shop!

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TRIANGLE C RANCH 27,375 Acres Catron County, New Mexico $4,895,000 Prop ID: 15584942

Great Opportunity! A working cattle ranch in prime grazing lands east of Reserve, New Mexico. This ranch is located in gentle, rolling grasslands of 2,320± deeded acres and a 25,055-acre BLM grazing allotment. The BLM grazing permit of 477 CYL and private land allow for a combined total of 625 head year long. Situated in high grasslands between 7,200 and 8,700 feet in elevation, the Triangle C Ranch is located in some of the most beautiful elk country in New Mexico. Bordered by the O Bar O Mountain and Pelona Mountain, the ranch produces excellent feed with good water distribution. The ranch is located in Unit 317 and is allotted two bull tags, two cow tags, and one archery bull tag yearly. The headquarters, with an amazing view, has an open floor plan, including a recently remodeled three-bedroom, one-bathroom owner's home with a mudroom and laundry/utility room.

Specializing in Cattle Ranches, Farms and Horse Properties in Arizona and New Mexico

DOUBLE U RANCH 6,315 Acres Deeded Land Cochise County, Arizona $11,200,000 Prop ID: 18177635

Buying or Selling... Call Us today! (928) 830-9127

First time on the market, the historic Double U Ranch located at the foothills of the scenic Dragoon Mountains near Tombstone. The Double U Ranch consists of 6,315 contiguous acres of deeded land and a 2,320-acre Arizona State Land grazing lease. With incredibly beautiful views and vistas, this working cattle ranch has an excellent feed, plentiful water and gentle terrain with good fences, roads and range improvements. The owner has historically run 600 angus and brangus mother cows year long. The Double U is easy to manage, resulting in a profitable operation on one of the largest contiguous deeded land parcels in Arizona. Exterior fences are locked, limiting access and protecting the livestock operation while creating excellent mule deer and whitetail deer habitat unspoiled by public impacts.

In addition to other small game species, remarkably, all three quail types, gambel, mearnes, and scaled, are plentiful on the ranch.

TAMRA S. KELLY, Broker (928) 830-9127 • Tamra@aglandssw.com View All Properties: Land.com/member/1201400

9400 W. Middle Place Road. Prescott, AZ 86305 a g l a n ds sw. c o m WINTER 2023 | LAND

75

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235 ACR ES IN AR K ANS A S 235± Acres in Washington County, Arkansas | $12,000,000

40 ACR ES IN AR K ANS A S 40± Acres in Washington County, Arkansas | $399,000 Excellent piece of 40 acres with both woods and open space. Much of it is level and buildable, but the south end contains a rough, deep, dry drain. The northwest corner extends to the state line, but the entire extent of the northern border is along Brush Rd. If you’re looking for a nice piece of hunting ground or want to build a new home, shop, and outdoor trails, or you want to buy some land in Washington County, Arkansas for its future value, this place deserves a close look!

Property ID: 15794968

25 ACR ES IN AR K ANS A S

20.52 ACR ES IN OK L AHOM A

25± Acres in Washington County, Arkansas | $220,000

20.52± Acres in Delaware County, Oklahoma | $499,000 This property has so many possibilities! It could be used to grow cannabis (it has a current OK grower license and some frame for tunnel housing). There are two 43x500 square-foot steel truss barns with dirt floors and a 40x60 square-foot litter barn built in 2002. There are two ponds and some open pasture for cattle.

No home. Rural water and well water are on site. Three-phase power is about a mile, but “Two-phase” is at the street. Property ID: 13830375

T WINOAKSRE ALT YINC.COM 78

| LEGENDARY LIVING

Twin Oaks Realty, Inc is proud to offer for sale a superior piece of real estate in the desirable area of Northwest Arkansas. This 235 acre continuous space of premium land has 3 stretches of road frontage more than a mile in total length with public water and a natural gas line in the Prairie Grove zip code (a mere 35 minutes to Walmart and Tyson Foods world headquarters). There is a free flowing year-round creek on the property and well water in abundance. Magnificent hardwoods and lush open fields invite development for spacious and expansive homes and estates.

The local history of battles, encampments, and artifacts lends nostalgia and rootedness to those who abide here in years to come. Come find tranquility and elegance and charm all in one place. Property ID: 18297599

A very nice piece of level and open Washington County land here. Deeded easement into the land gives access to seclusion and off-the-road privacy to an owner who doesn’t want every neighbor driving by to see what they are doing in the front yard. The land has been divided into two paddocks for grazing management. One cattle waterer is included. Well water from the adjoining landowner supplies the stock tank. The elevation is approximately 1,130 feet above sea level, giving you a nice view in NW Washington County. Property ID: 18298562

DAN SCHWIEDER | (479) 824-4434 | INFO@T WINOAKS.NET View All Properties: Land.com/member/373090

Undeveloped Waterfront Acres ON LAKE BOB SANDLIN

150 ACRES Camp County, Texas

Approximately 150 waterfront acres that might be the last undeveloped acreage on Lake Bob Sandlin! Perfect for the subdivision of your dreams! Gorgeous level pastures, beautiful open water and plenty of mature trees. Waterfront on one side, backing up to a dormant railroad track on the other. Close to Barefoot Bay Marina on the southern side of the lake across the cove from gated Eagle Shores.

$13,500,000

J U DY K E N T, B R O K E R / O W N E R T O W N L A K E C O U N T R Y R E A LT Y L LC

Property ID: 18562011

Judy.TLCRealty@gmail.com | 903.577.0400 (Office) | 903.855.2170 (Cell) | TLCRealty.net

TER 2023 SW U IMNM 2 | LAND

79

O'NEILL LAND, LLC

SWRANCHES.COM

Bar Lazy 7 Ranch 594.38± Deeded Acres in Colfax County, New Mexico $3,800,000 | Property ID 13761189 Located at 27989 US-64 Eagle Nest NM 87718 off of blacktop. Views of fishing at “Eagle Nest Lake State Park,” Slopes of “Angel Fire Ski Resort.” Highway frontage off “Enchanted Circle,” Elk Tags. County road runs along the back of the property, allowing excellent building opportunities for a custom home in the trees. Existing headquarters include a historic 1920s-era log barn and home.

TIMOTHY JOHN O’NEILL, Broker • (575) 376-2341 • LAND@SWRANCHES.COM

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