Posts marked: Ranch Values

Please join us at the legendary Beretta Gallery New York on Wednesday, April 25 from 6 to 8 pm. You could win a terrific door prize, make new friends, and pick up some useful information on the investment value of rural property.

David Light of Open Fences magazine and Beretta USA are hosting a fun evening of browsing the premium grade guns, apparel and accessories in the Gallery as well as networking, and discussion with our friends. The Wine Cellarage of New York will be pouring fine wines and appetizers will be served.

Greg Fay will give some guidance about current market conditions and investment opportunities and sharing some stories about fishing and hunting in Montana, Wyoming, Idaho, Colorado and Oregon on some of the beautiful ranches Fay has for sale.

The Real Deal Three women ranchers in Blaine County, Idaho are profiled in the February issue of SVPN (Sun Valley Property News).

Greg Fay could have been describing one of them when he made the following observation earlier this year: “The working ranch women I’ve known have provided the ballast for what at times can be an unsteady boat. They can perform most any task on the ranch, know more about what needs to be done than anyone else, as well as provide the constancy that the various characters from ranch hands to loved ones orbit around. And then from what seems like thin air, an incredible meal appears when everyone but the ranch wife is about to drop. It’s an amazing thing to see.”

Fay Ranches is pleased to post excerpts from market updates related to ranch/agriculture and land. These reports are provided courtesy of Scott Pogh, VP of Agribusiness, Northwest Farm Credit Services.

Hay Market Snapshot December 31, 2011 - Hay supplies are at historically tight levels in the Northwest. It’s expected that nearly all of the alfalfa stocks in the region are committed, and nearly all has been paid for as buyers locked-in supplies earlier in the season. At this point, most activity in the marketplace is limited to delivered sales of previously purchased alfalfa. There may be pockets of hay to work through still, but many sellers will be out of the market until first cutting 2012.

After discussing the ranch market with Fay Ranches brokers in our 10 offices spread across 5 states, I can confirm the following information accurately represents the market. The value of purely recreational ranches has corrected more dramatically than ranches that have agricultural income whose value is entirely or in part commodity driven. Both asset types have stabilized: the income-producing ranches have begun to rebound and the recreational ranches are poised to rebound.

There is an increase in buyers trickling back into the market. Fay Ranches closed more ranch transactions in 2011 than in any previous year in the history of the company. We see a recognition of value in the market by experienced buyers. All these factors point to an excellent time to invest and enjoy both recreational and income-producing ranches.

-Greg Fay