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"Gold or Land? Timing is Everything"
(Gilliland) No. 1914, Tierra Grande reprint, 3pp. (10/20/2009) |
 Do you run for tangible assets like gold and land when the economy tanks? Not a bad instinct. But before you buy take a gander at their ten-year returns.
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"Flat Land"
(Singh, Gunadekar & Gilliland) No. 1909, Tierra Grande reprint, 3pp. (7/20/2009) |
 Land prices rose in 2008 but not as steeply as in the past few years. Economic uncertainty at the national level is beginning to take its toll on Texas land markets. Some market observers anticipate flat sales while others predict a decline.
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"Pay Dirt"
(Gilliland) No. 1904, Tierra Grande reprint, 2pp. (4/27/2009) |
 Continuing economic uncertainty is prompting some investors to purchase farmland as an investment. Cropland prices and rents have increased steadily since 2004, in part because of rising commodity prices. But the 2008 run-up and subsequent collapse in commodity prices have caused other investors to rethink their strategies.
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"Conservation Easements Revisited"
(Nichols & Gilliland) No. 1888, Tierra Grande reprint, 3pp. (1/19/2009) |
 Texas landowners have historically been skeptical of conservation easement tax benefits, but the Pension Protection Act of 2006 and the farm bill passed in 2008 significantly improved those benefits. Landowners may want to take another look at the tax deductions offered by conservation easements.
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"Land Whoa! Hot Markets Cool"
(Gilliland) No. 1890, Tierra Grande reprint, 2pp. (1/19/2009) |
 The general decline in economic activity in the aftermath of the financial meltdown threatens Texas land markets. Market observers predict sales volume will diminish, and prices will stagnate in the short term.
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Texas Land Market Developments, Third Quarter 2008
(Jacob, Singh & Gilliland) No. 1885, Technical report, 9pp. (1/16/2009) |
 Through 2007, Texas land prices soared to 224 percent of the 2002 price. That's a compound growth rate of 17 percent annually. Early 2008 reports indicated prices continued the upward trend but at a slower pace than 2002-07.
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"Downloading Dirt: Reaping Results of Soil Surveys"
(Nichols & Gilliland) No. 1873, Tierra Grande reprint, 2pp. (10/15/2008) |
 Truckloads of free info about the soil characteristics of specific properties -- vegetative productivity, erosion factors and best uses -- available on U.S. Department of Agriculture's Web Soil Survey site.
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"Anticipating Crisis: History's Hard Lessons"
(Gilliland) No. 1865, Tierra Grande reprint, 2pp. (7/20/2008) |
 Financial crises are usually preceded by booming economic activity. An optimistic atmosphere results in a rush-to-invest mentality that disregards the lessons of the past. After a financial "panic," safeguards are implemented, but those safeguards usually do not address the conditions that cause the next crisis.
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Texas Land Market Developments -- 2007
(Singh, Pachchigar & Gilliland) No. 1861, Technical report, 10pp. (6/17/2008) |
 While the averae size of properties sold in 2007 fell to a new low of 80 acres, prices rose 20 percent to $2,190. The market has a dearth of quality properties for sale, one reason volume has slowed. Although more leverage was noted in 2007, much of the market involves substantial percentages of cash.
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"Blazing the Preservation Trail: King Ranch's Legacy of Wildlife Stewardship"
(Gilliland) No. 1855, Tierra Grande reprint, 2pp. (4/24/2008) |
 King Ranch shareholders have been well ahead of the curve in their commitment to a conservation-driven land management ethic. As early as 1912, the ranch's business decisions were made only after considering their effects on the diverse wildlife populations and natural habitats of this legendary South Texas landholding.
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Texas Land Market Developments -- First Half 2007
(Pachchigar & Gilliland) No. 1851, Technical report, 8pp. (2/20/2008) |
 Sales volume dropped 31 percent in the first half of 2007, but prices rose 15 percent. The average property sold averaged 82 acres, a new low. There was a continuing interest in land as an investment. Some buyers immediately put purchased property back on the market.
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"Little Pieces, Big Prices"
(Pachchigar & Gilliland) No. 1848, Tierra Grande reprint, 2pp. (1/20/2008) |
 Texas land sales are slowing somewhat, but prices are still rising. For the first time, the per-acre price was more than $2,000, reaching $2,075 for the first half of 2007.
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"Ranching for Rookies"
(Gilliland) No. 1845, Tierra Grande reprint, 3pp. (1/20/2008) |
 Landowners, especially those buying land for weekend getaways, may not understand the rangeland management strategies necessary to keep vegetation and wildlife in healthy balance
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"International Appeal: Foreign Investors Buy Big"
(Holland & Gilliland) No. 1825, Tierra Grande reprint, 2pp. (7/23/2007) |
 Foreign buyers dramatically increased their holdings of Texas timberland in 2006. Temple-Inland plans to sell more than a million acres of Texas timberland in 2007.
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"The Price is Right"
(Pachchigar, Klassen & Gilliland) No. 1821, Tierra Grande reprint, 3pp. (7/23/2007) |
 Texas rural land prices increased 23 percent in 2006. The statewide price is $1,825 per acre. Volume of sales remained strong with 8,202 sales in 2006
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Texas Land Market Developments -- 2006
(Klassen & Gilliland) No. 1818, Reference, 10pp. (7/1/2007) |
 Texas land markets roared into uncharted territory in 2006 with buyers' insatiable demand for properties driving the statewide price per acre 23 percent higher that they were in 2005. Here is a region-by-region report.
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"Big Gulp: Quenching Texans' Thirst for Water"
(Holland & Gilliland) No. 1812, Tierra Grande reprint, 3pp. (4/15/2007) |
 The Texas water plan foresees adequate supplies well into the future for most areas. Agriculture in the Panhandle and High Plains may face unmet needs in a severe drought. Investors should investigate the water utility supplier for an area before purchasing real property.
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"Will Work for Property Taxes"
(Gilliland) No. 1808, Tierra Grande reprint, 4pp. (4/15/2007) |
 Texas tax laws provide seniors protection against rising tax levies. The need to raise revenue for schools has driven property tax reform since 1970.
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"The Sky's the Limit"
(Gilliland) No. 1799, Tierra Grande reprint, 3pp. (1/15/2007) |
 Texas land prices adjusted for inflation have soared to a record high of $1,681 per acre. Past market dynamics suggest that investors should pay a maximum of $1,200 per acre to avoid negative returns. However, current statistics suggest an upside potential for Texas land markets despite historically high prices.
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"Boom With a View"
(Klassen & Gilliland) No. 1795, Tierra Grande reprint, 2pp. (10/20/2006) |
 In 2005, Texas land prices set another record at $1,483 per acre. Texas land prices were up 16 percent from 2004 and 76 percent over 2000 prices. Nonagricultural demand continued to drive markets, and 2006 promises to be another banner year for Texas land markets
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