LandReport.com » Eddie Lee Rider

Ask the Expert: Andy Smyth

Eddie Lee — Tue, 06 Oct 2009 23:48:40 +0000

Andy Smyth is a straight-speaking man, runs a great brokerage business in Idaho, and has become a good partner with The Land Report. Andy recently told me that after experiencing a downward period in the land market the likes of which he’s never seen before, he is finally seeing signs of things turning around for land deals in his neck of the woods.

We asked Andy if he would mind us picking his brain a little bit, and he obliged.

Land Report: What got you into the land business, and how long have you been at it?

Andy Smyth: I was born into it. My great-grandfather Smyth sold his farmland near North Platte, Nebraska and moved to the Boise Valley in 1905. He, my grandfather, my father, and I farmed in this valley from then until the spring of 2008, when I retired from active farming after 34 years. My endeavor in real estate marketing began about 12 years ago as a diversification to my farming business. It seemed a natural outgrowth to my many years of involvement in various agricultural organizations and community service organizations throughout the state of Idaho.

Land Report: What’s are the biggest changes you have seen in your 12 years of marketing property?

Andy Smyth: The first was the run-up in land values beginning in the mid-‘90s that lasted until about the first half of 2008. The second was the decline in activity from then until very recently. During the first period I referred to, it was fairly easy to move land parcels. Since the end of ’08 and beginning of ‘09, it has become very difficult to move large parcels. It now requires a high level of persistence and focused advertising to attract interested buyers with the ability to “write the check.”

Land Report: You mentioned to me the other day that the market seems to be on the up-tick in your area. What are you experiencing?

Andy Smyth: In the last month, mid August until today, I have received more inquiries than I received since the first of the year. I have had several investor groups contact me with inquiries about large parcels. I have had numerous individuals inquire about agricultural properties for investment and primary use purposes. I have had two ranch showings in the last 10 days and another scheduled for the end of this week. I have had four inquiries in the last 24 hours. I have not closed a deal as a result of this activity, but if this rate of inquiry continues, there is bound to be a resulting close coming. I am confident.

Land Report: Tell us about some of your top current listings.

Andy Smyth: I have a number of ranch/recreational/investment quality properties available.

- A 6,080 deeded acre parcel within 1.5 hours of Boise is an exceptional property offering outstanding hunting of all types. It contains 700 acres BLM permanent lease acres adjacent. It is one contiguous parcel in a private setting. Year-round stream, 300-acre reservoir within 1/4 mile of boundary. No buildings.

- A 1,700 deeded acre parcel, offering adjacent permanent lease land access to an additional 5,600 acres. This is a beautiful parcel offering timber at higher elevations and year-round streams. Home, shop, etc.

– 2,646 deeded acres. 1,640 acres BLM permanent lease adjacent. 2 mile by 2.5 mile parcel running to the top of an 8,748 foot peak. Great hunting, access. Irrigation well. Home, shop, etc.

Pictures, more information on these parcels, other available properties at www.smythfarms.com

Land Report: What do you consider your unique strengths as a listing broker?

Andy Smyth: My many years as an active, full-time farmer myself, allows me to fully understand the elements involved in selling the family farm or ranch. I am able to empathize in a way that some brokers can’t. My priority as the listing agent is to protect the interests of the party selling their ranch or farm. I spend the money required to advertise in a way that many brokers do not. Representing the type of property that I do, requires a willingness to advertise in venues where the folks who have an interest in this type of property and who can “write the check” may be found. Not all brokers do this.

That’s why I advertise in The Land Report. It’s an invaluable tool in securing new listings. It is an impressive, high quality publication. When a potential listing client sees my ads in recent issues of The Land Report, it is obvious to them that my commitment to represent their property in a serious way is beyond question.

Land Report: From the buying side, what does your brokerage offer newcomers to your markets?

Andy Smyth: I come from a world where a person’s word is their bond. My role, as someone helping a potential customer select a property, is to provide honest, straightforward information. My responsibility is to provide correct, unbiased answers to their questions so they can make an informed decision regarding what is in their best interests. I take my role and responsibilities very seriously.

My long history in the circles of the ranch and farm community can be very helpful. There are often properties which may be for sale that are not listed or being actively marketed. I also offer financing sources for folks who may not be able or want to write a check for the full amount at closing, but who may have the ability to secure financing for this type of property.

On the Block: 1,600 acres of Illinois Farmland Sept. 10

Eddie Lee — Mon, 10 Aug 2009 21:26:55 +0000

VeraSun Energy will auction approximately 1,600 acres of Illinois farmland on Sept. 10 with Schrader and Westchester auction companies managing the sale.

The land, located in Montgomery, Madison, and Vermilion counties, consists primarily of high-quality tillable farmland, including some located in areas that offer potential for industrial and commercial development.

The sale is being conducted as part of VeraSun’s efforts to maximize the return for its creditors as part of its Chapter 11 reorganization. The company had acquired the land over the years in support of its ethanol-related businesses.

“Because of the stability of farmland prices relative to prices of other assets in recent months, owners have been reluctant to sell their land. As a result, there have been fewer opportunities to obtain high-quality tillable land. By selling it in tracts, we will enable smaller bidders to participate on an equal footing with larger ones. In fact, 15 of the 25 tracts are 50 acres or less, and no tract is larger than 250 acres,” said Rex Schrader, president of Schrader Real Estate & Auction Company.

Properties to be sold include:

Approximately 487 acres in Litchfield, in Montgomery County. The property, which is primarily tillable farmland, will sell in 11 tracts ranging from approximately two acres to approximately 83 acres. It is primarily tillable farmland.
Approximately 380 acres in Granite City, selling in eight tracts ranging from approximately 1.2 acres to approximately 230 acres. The tracts, located two miles from I-270, include two homes and have rail access. The tracts include land near a new Lowe’s and Wal-Mart.
Approximately 733 acres in Danville, selling in six tracts ranging from approximately 35 acres to approximately 250 acres.

The auctions will be held in two sessions. At 9 a.m., the Montgomery and Madison county properties will be sold at Staunton Knights of Columbus Hall in Staunton, Ill. The Vermilion County land will be sold at 6 p.m. at Beef House restaurant near Covington, Ind.

Individuals seeking additional information can visit www.schraderauction.com or call 800-451-2709.

Duke Energy Makes Major Investment in GreenTrees

Eddie Lee — Tue, 23 Jun 2009 16:10:58 +0000

Duke Energy has become the lead investor in GreenTrees, a privately managed forest restoration program created and managed by C2I for landowners in the Lower Mississippi Alluvial Valley: Illinois, Missouri, Kentucky, Tennessee, Arkansas, Mississippi, and Louisiana.

This enormous valley once held 24.7 million acres of forest and emergent wetlands. Today more than 18 million acres – or 80 percent – has been cleared, resulting in the loss of critical natural habitat.

The program is expected to generate high-quality, verifiable carbon offsets that Duke believes will help reduce the overall cost of compliance with federal climate change legislation. Duke’s initial investment will result in the planting of more than 1 million trees on approximately 1,700 acres in Arkansas.

GreenTrees is designed to create, enhance, and sustain conservation and wildlife benefits from afforestation. GreenTrees provides landowners the most economic and environmental value for each acre of trees planted. The program utilizes a specific inter-planting of 302 cottonwoods plus 302 mixed hardwoods per acre. The specific design of 302/302 delivers more conservation value, more carbon, and better sustainable hardwood revenues than a previous design of 302 cottonwood and 151 hardwoods.

In exchange for the landowners’ long-term lease to prevent reversibility, GreenTrees offers a variety of short and long-term income opportunities. Landowners can simultaneously enroll the same qualified acres into GreenTrees, CRP, and other conservation practices, thus receiving multiple financial incentives and incomes together.

GreenTrees was founded by Izaak Walton League of America board member Carey Crane and Texaco Chevron Conservation Award recipient Chandler Van Voorhis. Both men have received great inspiration from Crane’s mother, Maggie Bryant. Bryant is a past-two term Chairperson of the National Fish and Wildlife Foundation and retired from her board position in 2001. She has been awarded the prestigious Chevron Conservation Award as well as the Governor’s Award for Conservation in Mississippi, and she continues to be active in conservation measures around the world.

Landowners are enthusiastic about GreenTrees. Arkansas landowner Brandon Stafford is a recent enrollee. Stafford found himself with 210 acres of un-irrigated farmland that he had to do something with. He enrolled it in CRP and GreenTrees. After the initial planting and subsequent sprayings Brandon says, “It’s amazing what the trees are doing.” The CRP and GreenTrees programs work in concert for him. Currently over 2,500 acres from 20 landowners are enrolled in the program.

To learn more about GreenTrees, visit their website: www.green-trees.com.

Partner Profile: Holistic Management International

Eddie Lee — Sun, 10 May 2009 13:00:05 +0000

Peter Holter and the fine folks at Holistic Management International (HMI) are valuable partners of The Land Report. We believe in their mission, and once you learn more about them we think you will be supportive as well.

HMI is a non-profit based in Albuquerque that dates back to 1984. Its goal is to restore damaged grasslands while positively impacting land health and productivity. HMI has done this with public land, communal lands, and on private property not just in the U.S. but around the world.

Recently, while on a call with Peter, he told me about an HMI client in West Texas. In 1999, Chris and Laura Gill and their family bought the Circle Ranch in Hudspeth County. They considered the 32,000-acre, high-desert property an investment, and they wanted to improve it through increased wildlife habitat, health, diversity, and number.

After exploring a wide variety of tools to improve their ranch, the family found what they consider to be a sound process by utilizing a planned grazing approach advocated by HMI.

“I was anti-cattle and thought desert grasslands could best be restored by de-stocking,” Gill says. That changed when he learned about HMI planning and practices. Holistic Planned Grazing is “all about getting animals to the right place at the right time for the right reason.” The right reason is to improve desert grassland ecology by concentrating cattle herds, rather than dispersing them, which is the norm in conventional desert range management.

“This intense grazing,” Gill explains, “must always be followed by long-enough periods without grazing to allow complete plant and soil life recovery.” This high-concentration, long-recovery is better for plants since it mimics the natural behavior of large herds of wild herbivores in the presence of their predators, who existed on grasslands and high deserts for millennia until humans arrived.

Gill reports strong, positive results from using planned grazing over the past decade. The animals usually graze about half the ranch, moderately, as the rest recovers from grazing during the previous year. “We have experienced huge gains in stocking rate and range productivity,” while at the same time, achieving “consistent improvements in habitat, which we measure by changes in forage production.”

Bottom line? Thanks to Holistic Management, the Circle Ranch almost tripled its forage production over five years. These Texas landowners increased productivity and wildlife habitat 35 percent or better on an annual basis.

Developer’s Diary: Canyon Ridge

Eddie Lee — Mon, 13 Apr 2009 21:30:30 +0000

When Mike Plant first set foot on the 5,700 breathtakingly beautiful acres of Northern New Mexico that would become Canyon Ridge, he knew he had found a gem.

“I’m blessed, I’ve been around a lot of beauty, and anyone who spends a day and touches a mere sliver of Canyon Ridge will tell you it is one of the most beautiful places in the world,” says Plant, a lifelong outdoorsman who also happens to be an executive vice president with the Atlanta Braves.

“It’s where I go to get away, to be immersed in nature, to get energized,” Plant says, adding, “You can hike for miles and miles, ride a horse or mountain bike, cross country ski, and enjoy unbelievable hunting and fishing.”

Overlooking the Chama River Valley in Northern New Mexico, Canyon Ridge is a one-of-a-kind conservation community featuring ranch estates ranging in size from 10 to 60 acres. Slated to open in the summer of 2012, each of Canyon Ridge’s 80 lucky owners will have access to an additional 4,000 acres that have been set aside in a permanent conservation easement.

“It’s doing all things little and big – whether it’s putting the majority of the land in conservation, developing a recreational management plan with the Rocky Mountain Elk Foundation, or little things like allowing snowmobiles and only electric ATVs on roads and not trails – that make this one very special place,” Plant says.

I myself was surprised to find out that Canyon Ridge is only the second development ever approved for a conservation easement by the Rocky Mountain Elk Foundation.

This type of long-range planning is part of Plant’s big-picture approach to Canyon Ridge. With $17 million already invested and nearly 40 ranch estates slated to be ready this summer, he has made it clear to his Northern New Mexico neighbors that he is putting his money where its mouth is.

“We were the first to get a master plan approved in Rio Arriba County,” Plant points out, “and we did it because we didn’t do anything under the table. We said, ‘Here’s what we’re doing and not doing, and our top priorities are to preserve the heritage of the land and its wildlife inhabitants, and to provide jobs to local and regional people.’

“I learned a long time ago to respect other cultures and heritages,” Plant adds. “These people know I’m not the big guy in a suit from Atlanta. They can see my boots weren’t just pulled out of a box.”

Got to like that.

Steamboat Springs Preservation Ranch Takes the Gold

Eddie Lee — Fri, 31 Oct 2008 07:00:20 +0000

It always amazes me when someone takes the time to go above and beyond the call of duty to improve an already one-of-a-kind piece of property. The idea is to take some great place and make it even more over the top. That is definitely the case at Marabou, a Colorado ranch preservation community just outside Steamboat Springs that was recently honored at the Pacific Coast Builders Conference.

The challenge for Jeff Temple and his investors was to take a spectacular 1,717-acre parcel along the Elk River, preserve it, enhance it, and do all of the above while making a profit. No small task.

“We are constantly sharpening the saw, trying to make the service better, and the overall experience better,” says Temple. Many know Jeff from his pioneering success with his brother Jamie at Storm Mountain Ranch. There they used fewer than 40 acres to create 14 homesites on a 1,063-acre parcel just outside Steamboat. The remainder was set aside in conservation easements for wildlife and agriculture. Now Temple is perfecting his craft down the road.

“This weekend we’re going to go on a world-class elk hunt with owners and a prospect. That wasn’t on the program before, but it is now. We are surrounded by one of the largest elk populations in North America, and some of owners really have dreamed all their lives about being able to get a big elk. It’s a lot different than the catch-and-release of the Elk River, and hunting is certainly part of the Western ranch experience.”

Temple and his buyers don’t hunt at Marabou. They take advantage of the tens of thousands of acres of public lands that surround the Yampa Valley. But it’s back at the ranch that he’s made his mark.

Marabou’s recreational facilities comprise 12 amenity buildings: the River House Lodge, Casting Room Theater, Horse Barn, Equestrian Center, Downstream Spa, Outfitter’s Cabin, River’s Edge Fitness Center; River’s Edge Pool, and four Owners’ Cabins. For the amenity building project, TCD of Steamboat Springs was the builder; Denver-based 4240 Architecture was the architect; Braun Associates in nearby Edwards was the land planner; and Elk River Partners of Steamboat Springs was the developer. It was this combination of talents that was singled out in San Francisco at the Pacific Coast Builders Conference where Marabou was awarded a Gold Nugget Award for the Best Public/Private Recreational Use Project.

“Our major challenge was to harmoniously combine themes of ranching, sustainability, and luxury,” says Temple. The dozen buildings are all powered by wind energy. “We wanted the amenity buildings to be well-appointed, spacious, and welcoming gathering places for residents, but we also wanted to minimize our impact on the land and wildlife.”

The results have been telling. Sales of homesteads, which start at $2.9 million, have been brisk even given the present economy. “So far in 2008, we’ve sold four homesteads and expect to sell a handful more between now and Christmas. This year, 2008, has been slightly slower but not much. We feel really fortunate. We’ve recently had a flurry of interest despite the economic news. I think it’s because the project is one-of-a-kind. It’s really special and unlikely to happen again, at least not in some people’s lifetime,” says Temple.

Developer’s Diary: Ute Lake Ranch

Eddie Lee — Mon, 20 Oct 2008 12:00:35 +0000

A couple of weeks ago my fearless editor and I hitched a ride on a single-engine prop from Denver’s Centennial Airport to Tucumcari, the heart of northeast New Mexico, for a visit to a great new resort development we had been hearing about.

Ute Lake Ranch sits on a picturesque palette along a 13-mile-long body of water within the spectacular bluff country of the High Plains. And it’s the water that strikes you. Ute Lake appears out of nowhere and demands your attention.

As we soon found out, along with the water residents will have a host of amenities to choose from. According to the developer, Carma US, the property boasts a one-of-a-kind, 8,000-yard golf course called TwelveShores, the first Nicklaus Design championship golf course to feature 12 holes that play along the water. No matter what your handicap or ability level is, this course is sure to please.

For fun on the water, residents can have the exciting experience of fishing for trophy largemouth and smallmouth bass, water-skiing, or jumping a wake on a jet ski. If you prefer a slower pace, then just coast into a quite cove or sail into the beautiful New Mexico sunset.

The community marina will host a world-class restaurant where residents can dine for the evening or grab a gourmet meal to go. As we found out first hand, Ute Lake Ranch offers the great outdoors in spades, with paths, parks, mountain-biking, hiking, hunting, and even horseback riding and a full-service equestrian center planned.

While on the trip we were spoiled by hosts Bruce and Muriel Hamon and their always-attentive Golden Retriever, Cinnamon. Not only is Bruce a partner in Ute Lake Ranch and principal in Hamon Contractors, which is overseeing the development, but he is a true land enthusiast and an avid outdoorsman, equally at home on a dove field or offshore angling. That gave us more than common ground to tell some tales of fins, feathers, and fur over dinner on Friday night. The next day he drove me to the “Outback,” a favorite out back part of the 25,000-acre ranch that features unbelievable vistas and historic points of interest.

RESIDENCES AT UTE LAKE RANCH
We received a thorough tour of the two different residence plans currently being offered at Ute Lake Ranch — the Estate Lots and Eighteen62, the patio homes community.

The Estates at Ute Lake Ranch are one-of-a-kind lots located in the sculptured sandstone bluffs that offer full views of and access to Ute Lake. Perhaps the most sought after lots currently available in the Southwest, each lakefront custom home site ranges from 1.5- to 5-acre parcels and prices start in the $200,000s.

Eighteen62 at Ute Lake Ranch speaks to that promise of long ago. It will embrace the spirit of community that gave hope to the early settlers, while at the same time laid the foundation of a legacy to leave to future generations. The quality-crafted patio homes with lots starting at $67,500 will offer views of the golf course and the lake as they are carefully positioned throughout the Nicklaus Design championship golf course.

A decidedly contemporary community that has not abandoned its historical roots, Ute Lake Ranch is steeped in the history and romance of a West once far gone but never forgotten. The assurance of land that was granted to the pioneers in the Homestead Act of 1862 was a gift that spoke to the soul of the people – and that was the need to put down roots, to have a place to call your own. We think Ute Lake Ranch would be a great place to put down roots.

The development is just minutes away from I-40, the area’s main highway artery, a little over an hour from the International Airport in Amarillo, Texas; 193 miles from Santa Fe, New Mexico; and just 375 miles from Denver.

ABOUT THE DEVELOPERS
Carma US, a developer of residential master-planned communities, and Ute Lake Ranch, Inc. are jointly developing the Ute Lake Ranch golf and resort community, Carma has developed more than 80 master-planned communities in the U.S. and Canada over the past 50 years. Since 1958, Carma’s purpose and passion has been developing communities that people love to live, play, and work in.

The joint venture partners have signed an operating agreement with JC Resorts of San Diego, CA, which will oversee construction and operation of the community’s Nicklaus Design championship golf course and other resort amenities. JC Resorts is a leading resort operator in Southern California offering the finest accommodations, golf courses and customer service. Ute lake Ranch will be JC’s first resort outside of Southern California.

Please visit www.utelakeranch.com or call 877-UteLake (883-5253)

In Focus: A Private Destination Club For Sportsmen

Eddie Lee — Thu, 14 Aug 2008 07:00:07 +0000

I’m really pumped about this. Unabashedly, this company is a new advertiser in our magazine. That said I’ve never seen the scope of offerings these guys make.

Most everyone is familiar with the “private residence club” or “destination club” concept, where membership offers access to a portfolio of luxurious private homes in a variety of locations. People like belonging to a destination club because it has the benefits of vacation home ownership, but with more flexibility and choice as to where you can travel.

But imagine instead of a vacation home with golf, beach and tennis, you enjoy access to a collection of the most stunning sporting destinations on the planet for rod and gun enthusiasts — African safaris, trophy New Zealand red stag, plantation-style Georgia quail hunting, Argentina dove shooting, bonefishing in the Bahamas, Guatemala bill fishing and so much more.

Well, that’s exactly what you get with the Presnell Sporting Collection; an unparalleled range of sporting destinations with the utmost services and amenities to ensure that your every need and desire are met on every trip.

According to Kevin Presnell, founder and chairman of Presnell Companies, “It’s not just about hunting and fishing. It’s about the entire experience, from seamlessly making the reservations to returning home after expectations have been exceeded, knowing that everything imaginable and more has been taken care of for you. We stand behind every aspect of each adventure with the Presnell Guarantee of Excellence.”

For more information, visit www.presnellsportingcollection.com

In Focus: The Forest Landowners Association

Eddie Lee — Thu, 15 May 2008 07:00:03 +0000

Created in 1941, the Forest Landowners Association (FLA) is a proactive, progressive, grassroots organization of timberland owners – large and small – that owns and operates more than 37 million acres of timberland in 47 states. It is the only organization created for the specific purpose of speaking for timberland owners at the local, regional and national level.

The stated mission of the FLA is to support, through advocacy, education, and information, forest landowner’s responsible management of their private property. To help fulfill their mission, the FLA has created the Forest Landowners Foundation. The foundation offers education and information through numerous programs to assist landowners, programs such as developing “How To” brochures for landowners, establishing a scholarship program for forestry students, publication of educational magazine articles, and developing programs to assist the public in appreciating the beneficial ecology of forestry.

According to FLA Executive Director Scott Jones, the topography of land ownership has undergone a major change in recent years and so has the focus of landownership rights as they sit in Washington, D.C.

“When manufacturers (such as International Paper and others) owned productive forestlands, they employed policy advocates and analysts to protect their investments against risks associated with policy,” Jones notes. “With the recent turnover of the ownership of those lands to private individuals, the new forest landowner find themselves in the same position as the traditional private forest landowner: a large investment in land with little or no political representation. The FLA is trying to fill that void in the nation’s capital.”

Membership into the FLA also includes Forest Landowners Magazine, Forest Landowners Insurance Program, full-time representation on Capitol Hill, grass roots action plans, Washington fly-in events, access to policy Fast Facts, and attendance to the annual National Forest Landowners Conference.

The FLA recently held its 2008 National Forest Landowners Conference at the InterContinental Hotel in Chicago. As the epicenter of emerging markets for private forest landowners, Chicago served as the perfect backdrop for cutting-edge information about how forests can play a role in national issues such as the reduction of greenhouse gases and energy independence. Landowners heard from experts in their respective fields, such as the Chicago Climate Exchange, institutional investment firms, legal and tax experts, and leaders in the bioenergy field. One attendee noted, “This is the best place I can come and hear the latest developments effecting my private forestland investment.”

This year’s conference seminars included topics such as carbon trading and ecosystem services, current trends in land and wood prices, new market technologies including wood for energy, and federal forest policy action for landowners. Conference sponsors included BASF, Georgia-Pacific, Arborgen, Plum Creek, Bayer Environmental Science, USDA Forest Service, Timber Mart-South, Weyerhaeuser, and the Society of American Foresters.

Next year’s conference will be held May 26-29 at the Amelia Island Plantation Resort in Amelia Island, Florida. Watch for registration information on the FLA’s website, www.forestlandowners.com.