Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Breeds Board
Camp Cooley Sells
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Angus In Texas" data-source="post: 852275" data-attributes="member: 5611"><p>I think the thing that most people are missing is that the ranch was not the cause of it's own downfall. It was only being liquidated because the owner lost his rear with other investments and was reorganizing his portfolio which involved dumping the ranch to cover other losses. </p><p></p><p>Whether you think someone over or under paid for the property as an investment, you must realize a lot of these guys use ranches/acreage as tax write offs against other investment's profits. Not to mention it has a lot to do with the fact that they have the money so why not do what they want.</p><p></p><p>I have seen tracts of up to 600 acres sell for anywhere between 5 and 10 thousand an acre in the Central Texas area. That is with no wells or potential for wells. All because someone had the money, saw the opportunity to purchase property and wanted to make sure no one else could outbid them. All it has been doing is driving up the price of everyone's property around here and the average person can't afford to buy land to run cattle. Not at $4,000 to $6,000 an acre.</p></blockquote><p></p>
[QUOTE="Angus In Texas, post: 852275, member: 5611"] I think the thing that most people are missing is that the ranch was not the cause of it's own downfall. It was only being liquidated because the owner lost his rear with other investments and was reorganizing his portfolio which involved dumping the ranch to cover other losses. Whether you think someone over or under paid for the property as an investment, you must realize a lot of these guys use ranches/acreage as tax write offs against other investment's profits. Not to mention it has a lot to do with the fact that they have the money so why not do what they want. I have seen tracts of up to 600 acres sell for anywhere between 5 and 10 thousand an acre in the Central Texas area. That is with no wells or potential for wells. All because someone had the money, saw the opportunity to purchase property and wanted to make sure no one else could outbid them. All it has been doing is driving up the price of everyone's property around here and the average person can't afford to buy land to run cattle. Not at $4,000 to $6,000 an acre. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Breeds Board
Camp Cooley Sells
Top