An old story but another group buying up the Sandhills.

[efb]

I think I agree with most comments about Turner. One thing that puzzles me though is the Mormons. Unlike Turner aren't they buying this land to cash flow or even turn a profit? Granted, they have a large pool of money to pull from, if they can buy this land and make it work, why can't the rest of us ??

 

[Jinglebob]

I think I agree with most comments about Turner. One thing that puzzles me though is the Mormons. Unlike Turner aren't they buying this land to cash flow or even turn a profit? Granted, they have a large pool of money to pull from, if they can buy this land and make it work, why can't the rest of us ??

I think the rerason is due to the fact that they don't have to m ake it cash flow. It's more of an investment. Inflation will make the land worth more, down the road.

Some years ago, when I bought this place, it was valued at $133 per acres. Now it would sell for $350 or more. Wish I could have bought more at the time. Even though the payments have not been easy.

You don't have to make money on a place, just the payments and wait for an increase in value.

My grandfather turned down land at $1 an acre in the 30's that recently sold for $390 per acre. He couldn't have paid for it at the time, but if he had, we would have had more land, worth more per acre.

 

[kolanuraven]

Maybe he would personally invest in areas ( towns, etc) if he wasn't met with such animosity every turn. Why should he bother when he's slammed at very turn and bad mouthed.

Granted part of his problem is that he has built this sort of 'mystic' around himself that he's untouchable. But when you are met with suspicion right out of the gate, why bother?


Ya give as good as ya get.

Why didn't a group of rancher's get together and buy up those large parcels as a co-op deal that way no one particular person would bear the full cost? It could have been done...happens a lot.

I know I'm gonna get ripped for the above, but won't be the first attack!!

Oldtimer has it about right in my opinion. Many years ago neighboring ranchers would have gotten together and divided it up. These days the price per acre/animal unit has pushed ordinary ranchers out of the market, especially on these large ranches. Small places can be absorbed and undoubtedly there were a few neighbors willing to buy part of it, but none that I know of have that kind of money when it must pencil out at least a little bit.

I don't think any so called animosity towards Ted Turner has anything to do with it. He knows what he wants to do with his money and it doesn't matter to him what anyone else thinks about it. It would be comforting to me if he actually did care about what the locals think.

It looks like half the fun of buying a nice ranch such as the McMurtrey place would be showing up live and in person to bid on the ranch at the auction. Many feedlot operators are too busy to buy cattle at the sale barns, so they hire order buyers to do the deed. Evidently Ted is too busy to show up to bid on a nine and a half million dollar ranch. He has an order buyer do that. What is the point of owning all that prime ranch land if you can't "enjoy" having the place and at least spend a little bit of time living there?

Order buying is not agains the law. I dare say you've had an order buyer do things for you when you had other business to attend to.

 

[kolanuraven]

He's my neighbor here in Ga.....and HE'S been great.

No problems, no hassles, he shops in town, buys gas @ the po-dunk gas station....buys fish bait there also. Pays his taxes here and life goes on.


If you ever come across him....go up and shake his hand and you'll surprised that you'll NOT draw back a bloody nub!! He's not gonna want your place....UNLESS....you put it up for sale!

Truth be told....I'd say his personality/wrok ethic is more " western" than you all would think. As you have put your life and blood and tears into the land....he's done the same except it's been in his businesses. Those business ventures have employed and supported THOUSANDS of people over the years.

 

[Anonymous]

Oldtimer has it about right in my opinion. Many years ago neighboring ranchers would have gotten together and divided it up. These days the price per acre/animal unit has pushed ordinary ranchers out of the market, especially on these large ranches. Small places can be absorbed and undoubtedly there were a few neighbors willing to buy part of it, but none that I know of have that kind of money when it must pencil out at least a little bit.

I don't think any so called animosity towards Ted Turner has anything to do with it. He knows what he wants to do with his money and it doesn't matter to him what anyone else thinks about it. It would be comforting to me if he actually did care about what the locals think.

It looks like half the fun of buying a nice ranch such as the McMurtrey place would be showing up live and in person to bid on the ranch at the auction. Many feedlot operators are too busy to buy cattle at the sale barns, so they hire order buyers to do the deed. Evidently Ted is too busy to show up to bid on a nine and a half million dollar ranch. He has an order buyer do that. What is the point of owning all that prime ranch land if you can't "enjoy" having the place and at least spend a little bit of time living there?

Order buying is not agains the law. I dare say you've had an order buyer do things for you when you had other business to attend to.

Well I doubt many of us have had the opportunity to have more important business to attend to than when we spent 9 and a half million dollars for our 28,000+ acre ranchs... :roll:

Didn't realize this was everday practice for Georgia and back east folks :wink: :lol:

 

[kolanuraven]

It's all relative OT depending on where you are at the time!!! It's only worth what you're will to pay for it!




Land prices here, just for any ol' acre hold the world together.....you're looking at prob. no less than $10K/acre.......most are anywhere from $20K-$25K.

 

[IL Rancher]

Heck Kola, if roads and sewer are there you might be in 6 figure an acre range in some parts of the world.. We have a lot of out of area buyers arond here for farms, be they 1031 exchanges, folks moving in from a developed area or hunting property.. A lot of the stuff bought at auction is done by brokers sent by reps... These folks are a bit busy and cell phones mean you can have your rep be there and be in consant communication with what is going on... Not saying I would go that route but I also am not a huge fan of auctions so you never know..

I don't know whether it is this way everywhere or not but it wouldn't surprise me if Turner and the Mormans are greeted like every other "outsider" around here is.. Lets just say there is a lot of suspicion that goes around when you don't have "family" ties to the area and it doesn't matter if you are farming, hunting or just minding your own darn business and that is just the beginning.

 

[kolanuraven]

Some sold last week for $250K.....just 3 flat acres.

 

[Soapweed]

It looks like half the fun of buying a nice ranch such as the McMurtrey place would be showing up live and in person to bid on the ranch at the auction. Many feedlot operators are too busy to buy cattle at the sale barns, so they hire order buyers to do the deed. Evidently Ted is too busy to show up to bid on a nine and a half million dollar ranch. He has an order buyer do that. What is the point of owning all that prime ranch land if you can't "enjoy" having the place and at least spend a little bit of time living there?

Order buying is not agains the law. I dare say you've had an order buyer do things for you when you had other business to attend to.

Well I doubt many of us have had the opportunity to have more important business to attend to than when we spent 9 and a half million dollars for our 28,000+ acre ranchs... :roll:

Didn't realize this was everday practice for Georgia and back east folks :wink: :lol:

This rather reminds me of a lady who attended a Broadway production in New York City while wearing her hair in curlers. Someone asked her why her hair was in curlers, and she said she was going somewhere special later in the evening. :wink:

 

[Anonymous]

An interesting- tho frightning article about the "Big Open"--"the Sarengetti of Montana"... :???:

This place is less than 100 miles west of me...


http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20070701/NEWS01/70701001