Large acreage cattle operation sales?

[power]

Appraisin two cattle operations - 2,000 and 3,000 acres fenced/cross fenced pasture land with ag improvements in southeastern US. The larger acreage sales in the area over the past 2 years have been timber and cropland tracts.

Have any of you run across any recent sales of large pasture land tracts?

 

[Michael S]

Here's a recent story in the New Mexico Business Weekly about people buying up large tracts of lands for big ranches. However compared to Mississippi I'm sure it would take far more land to support each cow.

http://www.bizjournals.com/albuquer...10/land-cattle-barons-opt-for-new-mexico.html

 

[Robert Dunkle]

In Oklahoma, the big stuff quit selling in late 2009. I recently appraised 1,600 acres for sale and found three of the large ranches, 2-4,000 acres that sold in 2008 and 2009. I was looking only in NE Oklahoma and SE Kansas. Had to use some sales of 7-800 acre ranches in 2010 to bring values into the late 2010 time frame. I'm not sure that these would be of any use as comparables in MS., but if you want info on them, email or PM me.

 

[Terrel L. Shields]

Biggest thing I have seen in the Ozarks of late was less than 400 acres.

 

[BRCJR]

Appraisin two cattle operations - 2,000 and 3,000 acres fenced/cross fenced pasture land with ag improvements in southeastern US. The larger acreage sales in the area over the past 2 years have been timber and cropland tracts.

Have any of you run across any recent sales of large pasture land tracts?

I know there have been some transfers in the Shenandoah Valley Region of Virginia.

This company is a good size firm in that area. Call Blue Ridge Appraisal, Staunton, VA
Phone: 540.886.6209

ask for David Miller or Dale Truxell. I say they can help or give you some good leads.

 

[Jerry Dell]

Largest cattle operation sale in Southest Al and NW Florida has been 425 acres.

Jerry Dell

 

[farmguy]

Are the ranches in Mississippi? Southeastern US is pretty big area. There are numerous large cow/calf sales in Texas, but you would run into significant location issues just within the State, much less State to State. I would certainly be willing to include sales from within a hundred miles or so each way depending on how the land changes, but beyond that I think you are stretching.

Could you look at a ratio between say 500 acre pasture tract and 500 acre farm and then apply the ratio to a large farm tract to estimate value for large pasture tract? Just a thought.

Or maybe ratio between small cutover tract and pasture. Then apply ratio to larger cutover?

 

[power]

SE is a big area. I'm looking for MS, AL, AR, TN and possibly FL. My expereince with TX land sales and leases are that they are not similar Mississippi.

I am trying to avoid the crop land sales because of the influence of commodity pricing.

 

[farmguy]

I realize it is not perfect, but you may have to attack from a couple of angles lacking truly comparable sales. If you are talking commodity pricing in reference to the recent run up impacting farm land prices I think the ratio would take care of that, at least to a point. If I recall correct from your post you said you had large farm and timber tracts. If say 500 acres of pasture sells for 75% as much as 500 acre of cropland, could you make a case that 2000 acres of pasture land would sell for 75% as much as 2000 acres of farmland. And try same comparison with cutover timber sales. May not have the data to do that and it may not even make sense in your area, again just trying to throw some thoughts out.

 

[power]

That would definitely work. However, my data is too incomplete in this agricultural area. It is a small "black belt" and the larger sales of acreage have not occurred in the past two years (my original post did say that I had sales, but I was referring to sales of about 200 acres). Prior to that, sales of both crop land, pasture land and catfish farms were occurring regularly.

Interestingly, this area is also known as an area with a population of big deer for the region. Some recreational sales have occurred in the past couple of years.