Volume Three

Volume 3 Letter From Our Publisher

Dear Land Investor,

Welcome to the third edition of Land Investor. In this issue, we have a number of fantastic articles, including insightful pieces on conservation easements and the uncertain future of 1031 Tax Deferred Exchanges.

You’ll learn about things like stream reclamation and lake construction as tools to enhance the value and enjoyment of your land. I think you will find this issue informative and entertaining.

There are so many facets of land ownership. Whether you invest in wineries, production ranches, timber or quail plantations, the different value drivers across the nation and from one genre of land to the next are fascinating. As land investors, you know how important it is to understand these value drivers and learn how to enhance them.

Hopefully Land Investor will help you on this path and provide you with insight and knowledge about investing in land that you may not have had. Whether you buy and sell with us or not, our goal is to help everyone become smarter investors and stewards of their land.

This issue is also a celebration of Fay Ranches’ 25th year in business. We started quite humbly in April of 1992 and now have offices from coast to coast. To our valued clients, employees and partners who have been a part of our growth along the way, thank you for everything. It’s been a great ride. Here’s to the next 25!


Gregory W. Fay
Fay Ranches, Inc.