For Sale: Hall & Hall Lists Montana’s N Bar Ranch

One of the most historic working ranches in the Rocky Mountain West is on the market. The 62,091-acre N Bar Ranch, whose chain of title includes Tom Cruse, Anton Holter, and Jack Milburn has been listed by Hall and Hall for $45 million, not including livestock and other personal property.

“The N Bar Ranch is a piece of Montana history complete with a profitable livestock operation and an outstanding wildlife component,” said Hall and Hall broker Joel Leadbetter. Ranging in elevation from 4,200 to 5,500 feet above sea level, the ranch is time-tested cattle country and is further blessed by abundant wildlife, including trophy elk, mule deer and whitetail, antelope, Hungarian pheasant, and sharptail and mountain grouse. Brown trout thrive in the 60 miles of Flatwillow Creek that wind through the property down from the Snow Mountains. ”We are thrilled to be representing such a phenomenal land holding,” Leadbetter adds.

Located approximately 90 miles north of Billings and 35 miles southeast of Lewiston, the N Bar is 62,091 total acres, including 51,409 deeded, 4,875 BLM leased, 1,920 Montana leased, and 3,887 privately leased.

Read more about the listing in Friday’s Wall Street Journal or visit the ranch’s website.

Land Report 100: No. 62 Clayton Williams Jr.

OF THE COUNTRY’S 100 LARGEST LANDOWNERS, FEW ARE AS COLORFUL AS CLAYTIE.

A passionate approach to land stewardship is but one of Clayton Williams’s claims to fame. The diehard Texas Aggie is a born entrepreneur whose many pursuits have ranged from insurance salesman to banker, farmer, rancher, real estate developer, big-game hunter, philanthropist, conservationist, and, at one pivotal point in his career, front-running gubernatorial candidate. And like any self-made man, he can ride out tough times with the best of them—even down to his last bullet.

Williams’s trailblazing traits date to his colorful forebears, who mixed it up with the likes of Kit Carson, Billy the Kid, and Geronimo. The native Texan was born in Alpine in 1931 and raised in Fort Stockton. After attending Texas A&M and fulfilling his military obligations, he cut his teeth selling life insurance in Mineral Wells. But fate called him back to West Texas, where in a Fort Stockton coffee shop he learned about a farm for sale. He struck a deal with its owner to form an oil and gas partnership, and the cornerstone of his career was set. From that small start, his financial empire eventually grew to include a host of companies, from cow-calf operations to a safari company to several entities bearing the ClayDesta moniker, a nod to himself and wife Modesta.

It was in Modesta that the wildcatter found a soul mate who shared his love of the land and sense of adventure. In his book Claytie: The Roller-Coaster Life of a Texas Wildcatter, Mike Cochran describes Williams’s run as “an exciting mix of hard work and great fun, building pipelines and drilling wells one day and branding calves and working cows the next—all embellished with a spectacular marriage. Claytie and Modesta really are bigger than life.”

After an unsuccessful run for governor of Texas in 1990, Claytie turned his considerable energies on going public with Clayton Williams Energy Inc. (CWEI). With an estimated net worth of $100 million, his name was added to the Forbes Four Hundred. Today, he is a fixture on the Land Report 100 and ranked No. 62 in 2009 with 146,655 acres. During the past decade, CWEI has drilled 167 horizontal wells, mostly in the Austin Chalk formation as well as the Cotton Valley Reef in Texas, in Louisiana, in Mississippi, and in New Mexico.

“Claytie is, by all measures, one of a kind,” says Cochran. “He’s an absolutely wonderful character. With his ranch he’s been really innovative and was recognized nationally for some of the innovations to trap water and to get the best use of the land.”

Library: Working Dogs of Texas

Both the author and the photographer are valued contributors to The Land Report, and there’s no doubt in my mind that landowners from coast to coast will be able to identify with this book. So let’s begin by getting two misconceptions about this book off the table.

First off, Working Dogs is not a tribute to hunting dogs. Yes, there are great chapters on curs and feists, pointers, retrievers, and the fearless breeds that track wild hogs. The authors even tail a pack of hounds that are bona fide man-hunters à la Paul Newman in Cool Hand Luke. But at its core, Working Dogs is about the countless ways man’s best friend has been bred and trained to serve different masters, which is why this book is such a compelling volume.

“The one thing these dogs all have in common is that each has a job to perform,” Wyman Meinzer says. “It might be highly specialized task that requires enormous amounts of training like search and rescue or detector dogs. It could be a more traditional one such as herding cattle or guarding against predators. It could even be as important as providing friendship to an elderly person.” To that end the final chapter is titled “The Caretakers.”

The second element that needs to be dismissed is that Working Dogs of Texas suffers from geographic limitations because of its focus on the Lone Star State. On the water, in the woods, on ranches and farms, and at border checkpoint and international airports – Chappell and Meinzer covered an enormous amount of terrain researching this compelling project.

Available online at Amazon.com

Heath Shuler: Eye on the Prize

Growing up in the 1970s, Heath Shuler saw quail hunting disappear from the mountains of his native North Carolina. “It occurred to me early on that if I wanted to hunt quail, I might have to buy property with good habitat,” he says.

Nowadays, that’s no small feat, especially in the Southeast where bobwhite populations have been declining for the past half-century due to changing land use. But Heath Shuler has never been a man of modest goals.

BY HENRY CHAPPELL
PHOTOGRAPHY BY AMBER HUMPHRIES & GRETA REYNOLDS
PUBLISHED SUMMER 2009

After a record-setting career as quarterback at the University of Tennessee, a second-place finish in 1993 Heisman Trophy voting, and several years in the NFL, he founded Heath Shuler Realty and grew it into one of the largest independent real estate firms in the South. Naturally, he kept an eye out for the best hunting and fishing properties.

“I’ve always wanted to invest in and be involved with property with excellent wildlife habitat,” he says. “That’s very important to me.”

But it was his career as a football star that led him to his dream property. Several years ago, at the annual Quail Unlimited Celebrity Quail Hunt, Rocky Evans, the organization’s longtime president, told him about a prime quail plantation in South Georgia. In 2003, with the money from the sale of a Knoxville property, he bought a stake in Wynfield Plantation (www.wynfieldplantation.com) in the storied quail country near Albany.

One of only 24 Orvis Endorsed Wingshooting lodges, Wynfield was named the plantation Wingshooting Lodge of the Year in 2005. October through March, Wynfield welcomes quail hunters, their families, and hunting dogs to some of the South’s best quail hunting, sporting clays, dining, and accommodations.

Now imagine the scene: A classy brace of English setters, high on both ends, locked up tight on a covey of bobwhites amid the pines and knee-high sedge. A pair of hunters approach, one with a Labrador retriever at heel. They position themselves for clear shots, and the dog handler sends his Lab in for the flush. The birds whir out the grass, boring away toward the nearest escape cover, trying to put trees between themselves and the hunters. All the while, the setters remain steady. The guns thump four times; four birds fall.

Having stopped at the flush, the Lab marks two of the downed birds. On command, she fetches them both, sitting to deliver. With the “dead bird!” command, the setters snort up the other two birds and bring them to hand before being cast in search of another covey.

A passage from a Nash Buckingham story? Actually, similar scenes play out nearly every fall and winter day at Wynfield Plantation. Heath is serious about his dogs and shooting.

“I started out as a kid hunting squirrels on those steep ridges around home,” he says. “As soon as I got big enough, I graduated to what I consider to be the most challenging game bird in the world – the ruffed grouse. A dog that can handle grouse can handle anything.”

Later, when he wasn’t playing football or closing real estate deals, Heath worked his Labs at the highest levels of amateur field trail competition and field testing. Several of his dogs achieved Master Hunter level in the American Kennel Club testing program.

In 2006, Heath’s schedule went from full to packed when he defeated an eight-term incumbent Republican to win a seat in the U.S. House of Representatives. He was reelected by a landslide in 2008. He’s a member of the Blue Dog Coalition, a caucus of moderate and conservative House Democrats. His district covers most of his home region in the mountains of Western North Carolina. As Chairman of the House Subcommittee on Rural Development, Entrepreneurship, and Trade, he sponsored and shepherded into law the Small Energy Efficient Business Act, which stimulates growth in alternative energy markets by increasing investment in small producers. True to his conservationist sensibilities, he sponsored legislation aimed at developing biomass and carbon trading markets for private forest owners, and he continues to work closely with the Environmental Protection Agency on the assessment and cleanup of a large, contaminated former electronics manufacturing site that threatens water supplies in his home district. He takes stewardship and roots very seriously.

In 2007, realizing that he simply didn’t have time to be involved in the plantation’s day-to-day business, Heath hired his longtime friend Mike Osteen, a veteran professional dog trainer, as general manager and head trainer.

At Wynfield Plantation, Mike and two other trainers work a kennel of English pointers, English Setters, German shorthaired pointers, English cocker spaniels, springer spaniels, Brittanies, and Labrador retrievers. The staff also takes on a limited number of outside dogs for training. Most years, the Wynfield kennel produces several litters of puppies out of championship bloodlines. A few of these pups are chosen to replenish the kennel. The rest are offered for sale. Mike considers, Labs, English setters, and English cockers kennel specialties. Wynfield is a member of the Orvis-Endorsed Breeding and Training program.

Wynfield shooting dogs learn their trade in some of the best quail habitat in the Deep South – nearly 1,900 acres of open longleaf pine uplands and classic Southern bottomland with Spanish moss-draped live oaks. The staff controls encroaching brush and stimulates growth of forbs and legumes through prescribed burning, which mimics the natural, cleansing fires that maintained the open, grassy longleaf ecosystem prior to settlement.

Heath and his guests do most of their hunting on foot, so Wynfield pointing dogs are bred and trained to hunt at medium range: 100 to 200 yards. However, Mike Osteen says that the dogs range as wide or as close as they need to. Mature dogs are steady to wing and shot, and spaniels and retrievers generally stay at heel until sent to flush or retrieve, although they’ll quarter within shotgun range when the situation calls for it.

“I love it when we have multiple birds down so that we can let the Labs and cockers practice blind retrieves,” Heath says. They’ll pick up the ones they mark, and then we’ll handle them to the others.

You read right. English cocker spaniels running blind retrieves: taking lines, sitting at the whistle, and responding to hand signals. Sure, you’d expect that from a decent Lab, but a cocker spaniel? Clearly we’re not talking about the typical neurotic, bug-eyed, coiffed American cocker or even the average working English cocker. This is high-end spaniel work.

But Wynfield welcomes all comers. “By all means, bring your own dogs,” Mike says. “Sure, we’ll provide guides and dogs, but real dog people want to hunt with their own dogs. If your dog has a few problems out in the field, we’ll make suggestions for fixing them, or, if you prefer, we’ll fix them for you. We customize the experience so that everyone feels comfortable.”

That same attitude extends to gunning as well. Wynfield gunsmiths and gun fitters custom build shotguns to individual specification or modify guests’ guns for better fit. Rental guns are also available for guests who chose not to bring a gun.

Heath’s wife, Nikol, though not a hunter, enjoys shooting sporting clays on the Wynfield course. He and his eight year-old son, Navy, hunt with Mike Osteen and his sons, eleven-year-old Grant and nine-year-old John. This past quail season, Navy shot his first quail on the rise. “He’d been watching the older boys and was waiting for his chance,” Heath says. His first bird, on the wing, over a good dog, is a huge deal. Now he’s hooked. He’s a hunter for life.”

Ultimately, Heath’s relationship with his land is about creating memories. “Nowadays, my kids get all excited about staying in ‘their cabin,’ or sleeping in ‘their bunk.’ My four year-old daughter, Island, fishes in the lake and gets to ride on the four wheeler.”

“For Heath, the dog training and hunting really serve as an escape from the pressures of Washington and the demands of his business, and gives him a chance to spend time with his family,” Mike says. “I’ve known Heath for a long time, and he’s more mesmerized by this place than by anything else he’s experienced.

Considering Heath Shuler’s experiences so far, that’s saying something.

Ask the Expert: Andy Smyth

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.

Sold! Steamboat’s Perry Ranch

A well-known Rocky Mountain landmark, Colorado’s 470-acre Perry Ranch, sold for $11 million ($23,000+ per acre). The sellers paid $13 million for the Routt County ranch in 2007 intending to improve it and then market it as a conservation development property, but last year’s recession squelched those plans. Hall & Hall’s Brian Smith in Steamboat Springs represented the seller. Tim Casey of Mountain Marketing Associates in Breckenridge represented the buyer. The transaction closed on June 30.

The original asking price of $25 million dropped to $19.5 million and then to $16 million last year when the economy tanked. “This sale is very indicative of what we’re now seeing: 15 to 25 percent off market highs,” says Smith, referring to the spread between the sellers’ purchase price in 2007 and the 2009 sale.

“Buyers who are not trying to pinpoint the bottom of the market can find all sorts of opportunities. A lot of sellers, particularly those with a higher basis in a property, are recognizing current market conditions and adjusting their asking price,” says Smith. “What made this property such an outstanding opportunity was the size of the parcel and its proximity to downtown Steamboat Springs. The south fence line is literally one mile to the city limits. One minute you’re tucked away by yourself in a lush little valley with aspen groves and Soda Creek. Hop in your truck and five minutes later you’re on Main Street. Best of both worlds. It’s extremely difficult to find that combination near a resort town, whether it’s Steamboat, Vail, Aspen, Telluride, Jackson, or Sun Valley.”

170 Acres on the Block Saturday in Illinois

Update: The complete tract of land went unsold during the brief auction. The first tract at 50 acres was passed on at $120,000, the second tract at 40 acres was unsold at $96,000 and the third tract at 80 acres was unsold at $192,000. A combination of all three tracts was passed on as well.

170 acres, broken up into three tracts of 50, 40 and 80 acres, goes on the block Saturday in Marion County, IL. The land can be used both for hunting and CRP income. Buy A Farm Land and Auction Co. will host the bidding.

The minimum opening bids on the property start at $2,400 an acre.

Located on Blackburn Road, 15 minutes from I-57 in Centralia, the property could be a solid buy if you happened to scoop up all three parcels. Each has a decent CRP income; they total about $6,500 per year. According to the listing, deer abound on the property.

This would make a nice long weekend retreat for hunters in St. Louis or Chicago.

Bids will be taken at the Iuka Grade School or online. 10% down is required at the end of the auction with the balance at closing.

Western Massachusetts to Become National Forest?

Former Governor Mitt Romney’s proposal to designate the Berkshires and all of Western Massachusetts as national forest is being considered once again. Massachusetts is one of just six states without national forest designation, a situation the Romney administration sought to counter in 2003.

A key aspect of the proposal being considered is that the federal government would not acquire any private land. Instead, it would seek easements from local property owners to restrict development and thus allow the land to remain on tax rolls.

The proposed Massachusetts model, which is being called a “family-forest based” designation, is being pitched as a partnership between private landowners, the state, and the federal government.

“”Landowners would retain the rights to own the lands, but sell their right to develop it,” said Lisa Capone of the state’s Executive Office of Energy and Environmental Affairs. “The land also remains a working forest, with some level of access to outdoor recreation and protection from commercial development. Massachusetts would be the first state to have the land-easement concept.”

For Sale: Split Rock Ranch

As previously reported, the Bell Ranch is the largest piece of property for sale in the United States today. At more than 290,000 acres, the massive holding would instantly qualify its new owner(s) for inclusion on The Land Report 100.

But what about the second largest land listing? I did a little digging and came up with a much different type of landholding: the 193,000-acre Split Rock Ranch in south central Wyoming, which is listed with Ranch Marketing Associates.

This is a much different transaction. First off, only 16,000 acres of the ranch are deeded. The rest is BLM, state, and private leases. The second proviso is that the $14 million purchase price is for a 50 percent interest. The remaining 50 percent interest would be owned by a silent partner.

Split Rock is a working cattle ranch and runs 2,400 pair, plus 600 yearlings. It features 12 miles of Sweetwater River on the property. This isn’t the sort of property a weekend warrior need consider.

That’s not to say a little fun couldn’t be had on the property like trout fishing in the Sweetwater or world-class hunting for elk, deer, and antelope.

For Sale: Montana’s Sun Ranch

The jury is still out on my definition of dream property, but I’ll tell you this: Montana’s Sun Ranch is definitely in the running.

Nestled on 18,000 acres just outside of Yellowstone National Park in the Madison Valley, the Sun Ranch ranges from 5,700 feet to over 10,000 and is a sterling example of what a true steward of the land can do with a spectacular piece of property. Almost 100 percent of the ranch is protected by conservation easements.

Three creeks – Sun, Moose, and Wolf – nurture more than a mile of the Madison River, which weaves its way through the property. Needless to say the fishing is out of this world. Elk, deer, bear, antelope, and sheep cross this country going to and from Yellowstone. Throw in a beautiful main residence, and this prime parcel is for sale at $55 million. Fay Ranches has the listing.

According to New West,the owner, Roger Lang, is looking to unload the ranch and free up capital for other conservation projects. According to the article, it looks like he has in mind a development similar to what Russ Maytag has done in Colorado at Maytag Mountain Ranch.

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