Land Report Top Ten: February 2012

From the Lone Star State to Hawaii, here are America’s priciest properties, led by $175 million Jackson Land and Cattle Ranch, which is listed by Hall and Hall. Two new properties have joined this mix: Broken O Ranch in Montana and Hudye Farms along the Colorado-Kansas state line.

1. Jackson Land and Cattle: $175 million

These 1,750 acres are simply the most phenomenal property to come to the market in the Teton Valley in decades. Jackson Land and Cattle is one-of-a-kind in every respect: world-class improvements, including an equestrian center designed by Jonathan Foote, AIA; lack of any development restrictions; and don’t forget the stunning Teton views. Hall and Hall’s John Pierce has the listing.

2. Broken O Ranch: $132.5 million

At 123,000 acres, this ranch (pictured above) has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

3. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

4. Ranch Dos Pueblos: $84 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

6. Aspen Valley Ranch: $59 million

Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

7. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

8. Rockpile Ranch: $54 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

9. Hudye Farm: $49 million

Spanning two states, Hudye Farm is the largest dryland and irrigated farm ever to be offered for sale in eastern Colorado and western Kansas. Assembled over the past ten years, this ranch includes 17,741 acres of high quality farmlands with excellent production history, topography, soils and water conditions. Located in the top grain growing region of this area, the crops grown are primarily corn and wheat. Bart Miller of Mason & Morse Ranch Company has the listing.

10. Dana Ranch: $45 million

With only two distinguished owners in nearly 100 years and an unmatched record of profitability, the Dana is considered by many to be the finest operating and recreational ranch in the Rocky Mountain West. Supporting 3,000 animal units on 59,000± acres, it boasts over 13 miles of superb fisheries and an incredible diversity of wildlife resources from elk to waterfowl to upland birds. Listed by Dave Johnson with Hall and Hall.

Click here to download a copy of the February 2012 newsletter.

For Sale: Cropland in Eastern Colorado and Western Kansas

Spanning two states, Hudye Farm is the largest dryland and irrigated farm ever to be offered for sale in eastern Colorado and western Kansas.

Assembled over the past ten years, this ranch includes 17,741 acres of high quality farmlands with excellent production history, topography, soils and water conditions. Located in the top grain growing region of this area, the crops grown are primarily corn and wheat.

According to broker Bart Miller of Mason & Morse Ranch Company, this farm presents “a unique opportunity for somebody to come in—whether some local farmers or a large investor or two—to basically put themselves on the map with a 17,000-plus acre farm. Strong cash flow, strong tenants—it’s a great property.” Click here to hear a radio interview with Bart Miller about this amazing farm.*

The Hudye Farm is listed with Mason & Morse Ranch Company for $49 million. For more information, contact Bart Miller at (970) 928-7100.

*Interview provided by Brownfield Radio Network.

33 – Koch Family – 230,000 acres

Dixie cups, Brawny paper towels, Stainmaster carpet—these are a few of the consumer products produced by Koch Industries, one of the world’s largest privately held companies. Among the family’s holdings are the Matador Cattle Company in Texas and another 92,000 acres in Montana, all of which are deeded. In addition, the company leases 10,000 acres in Kansas and another 100,000-plus acres in Montana.

10 – Huber Family – 600,000 acres

Started in 1883 by Joseph Maria Huber, the New Jersey-based J.M. Huber Corporation has grown from a small dry-colors business into a multinational, industrially diverse company. But evenwith all this growth, at least one thing hasn’t changed: The Huber family is still minding the store, and the corporation is one of the largest family-owned businesses in the country. The land holdings of Huber’s natural resources division include 600,000 acres across the country. The company has timberland in Maine, Oklahoma, and the Southeast, and its oil and gas properties can be found in Texas, Colorado, Wyoming, Kansas, and Utah.

1. Ted Turner – 2 million acres

Why on earth would one man own 20 properties in 10 states, a swath of America so large that it not only dwarfs Rhode Island, but also exceeds both Rhode Island and Delaware combined? The answer is astonishingly simple. Because he’s Ted Turner.

The man is incapable of thinking small. That’s how he made his fortune, first by buying a failing UHF station and transforming it into WTBS. Then he launched CNN. Then he acquired the MGM movie library. Then he rolled out Turner Classic Movies. With Turner, one idea begets another, which is how he became the country’s leading land baron.

The brainstorm behind his far-flung empire was a single bison he bought in 1976. Three decades later, he owns 40,000, the largest private herd in the country. Bison steaks and bison burgers from Turner Ranches are shipped to upscale grocers coast to coast and served at his chain of restaurants, Ted’s Montana Grill.

Along the way, he purchased 14 ranches in 7 western states: 4 in Montana, 4 in Nebraska, and 3 others in South Dakota, Kansas, and Oklahoma. In New Mexico alone, he owns more than 1 million acres.

“I acquired more land because I required more land. I wanted it,” Turner said in a 2004 interview. “I never like to buy anything except land. It’s the only thing that lasts.”

The Turner portfolio also includes personal homes in the Atlanta area and in Big Sur, as well as plantations in South Carolina and Florida, where his beloved Avalon lies. This treasured retreat encompasses more than 25,000 acres south of Tallahassee, and with a conservationist’s touch, Turner is reintroducing longleaf pine on the property. The vast majority of his holdings, however, can be found on the Great Plains and in the Rocky Mountain West, where he stocks his bison.

Turner’s ultimate plan? According to published reports, after his death the properties will go into a trust, which his five children will manage until the last one passes away. At that point, the trust will revert to the Turner Foundation, an Atlanta-based charitable organization that Turner founded in 1990 to preserve the environment.