covered s texas ranch

Texas Ranch Details: The Covered S Ranch is an exceptional working cattle ranch with tremendous improvements. All improvements have been well maintained under the meticulous eye of the owner. This productive ranch offers excellent hunting opportunities, horse facilities and quality ranch housing.

The Covered S Ranch is exceptionally improved. The owner’s home was constructed in 2009-2010 and contains approximately 3,700′ of living space and around 6,500′ under roof. Construction is of rock and rough timber exterior with 4 bedrooms, 3 baths, large open living area and rock fireplace. Two other homes are located near the owner’s home that have both recently been remodeled. Both of these homes contain 3 bedrooms and 2 baths.

The large horse barn was constructed in 2000, and contains 14 stalls, feed room and tack room with a wash rack. The barn was constructed by MD Barns and has a large breezeway, 12′ overhangs and long pipe runs.

An equipment shed was constructed in 2008, located in the main headquarters compound. This large shed covers approximately 6,250 square feet with concrete floor and a 2 bedroom apartment.

A good set of pipe working pens, a dog kennel, horse walker and several other outbuildings are all also located near the headquarters compound.

The highlight, and clearly most prominent feature around the headquarters is the covered arena. This large structure was constructed in 2008 and measures 185′ x 200′. There is a 180′ round pen that is lighted and watered by a specially designed system that utilizes stored rainwater from drainage off of the roof. Sand was brought in for the arena floor.

Several years ago the private road to the major improvements was paved from the highway.

Click Here for details on the Covered S Ranch

Please Click on The Covered S Texas Ranch Thumbnails Located Below:

ranch in colorado

This Ranch in Colorado is located adjacent to the small community of Trinchera in the Heart of Southeast Colorado. Good populations of antelope are found in the plains country, with mule deer, turkey and elk common in the more protected areas of the ranch. Bear and lion are also sighted on occasion. The terrain is diverse, ranging from scenic live water creek bottoms and gently rolling prairie lands to elevated timbered mesa sideslopes.

This ranch in Colorado has been under the same family ownership for over 100 years and this is the first time the property has been offered for sale.

Please click here to view the property details.

Click on Trinchera Creek Ranch in Colorado thumbnail photos located below :

Video of Live Spring on ranch in Uvalde County, Texas For Sale – on Nueces River With Minerals

This live spring is located on the Nineteen Mile Ranch in Uvalde County, Texas. The ranch is located between Uvalde and Camp Wood and has one mile of Nueces River frontage, a limestone lodge and exceptional sub-surface water.

hill country rainbow

For years, conventional wisdom has held that agriculture Crops and livestock dotted the prairie and drove local economies from Merkel to Muleshoe.

While farming and ranching remain important influences in the region, there are new bidders on the range. As a result, the Amarillo-Lubbock-Abilene region posted the hottest Texas land market through the first three quarters of 2003. Prices were substantially higher there than they were in 2002. Nonagricultural buyers have discovered West Texas and have been the dominant buyers in recent months. Encouraged by low interest rates and meager returns on other forms of investment, these new land barons are putting their money into rural properties.

hill countryBecause of high prices in the Hill Country and South Texas, recreational buyers have joined in the buying frenzy as they search for wide open spaces to hunt wildlife. Properties ignored by hunters in the past are receiving a second look, and buyers like what they see. Real estate brokers in the region face a rising volume of inquiries from both quail and deer hunters, especially from those potential buyers who live in Texas metropolitan areas.

These changes herald a transition. The highest and best use of ranch land on the Texas rolling plains and in the Panhandle is no longer cattle ranching. It’s recreation.

The run-up of land values in counties surrounding major metropolitan areas has contributed to this shift. Recreational was king from Abilene north to Lubbock and on to Amarillo. While farming and ranching remain important influences By Charles E. Gilliland and Charles S. Middleton users are turning to the Texas Rolling Plains and the Texas Panhandle, where they can still find land in the $250- to $350-peracre range. That compares favorably with prices ranging from $850 to more than $3,000 per acre in South Texas, Central Texas and the Hill Country. This differential makes the high plains attractive to an increasing number of recreational buyers.

Most of the buyers are from the Dallas-Fort Worth Metroplex. These buyers are willing to drive several extra hours to take advantage of substantial cost savings. Typically, they want to spend from $1 million to $1.5 million. buyer from Houston recently bought a $2 million ranch in the Texas Panhandle to replace his $150,000-per-year hunting lease in South Texas. He had been leasing the same ranch for deer hunting for the past 18 years. However, every year or two the lease payment increased. Tired of the escalating price, he sought to purchase a property for hunting and at the same time capture the potential appreciation from increasing recreational demand.

texas hill countryMuch of this activity has materialized because both whitetailed and mule deer populations have increased substantially in the past 25 years. In addition, the area has historically supported good quail populations.

Recreational buyers seem to have little or no interest in livestock, as increasing numbers of landowners are opting not to run cattle. Buyers’ contracts now commonly include a 30- day due diligence period to allow biologists to survey the game situation.

Historically, few ranches in this area have had game management plans, but that is beginning to change. For example, a Dallas man who recently bought a 65,000-acre ranch is running no cattle and has placed more than 1,600 quail feeders on the property. The quail population appears to be exploding.

The emphasis on wildlife promises to change the countryside. Never seen in the past, game fences have appeared in the region with more recreational buyers considering them.

Water adds value to property. Quality well water is important to recreational buyers who want to build a home on the property. Springs and scenic ponds also contribute significantly to value in this area of Texas. One tract from a subdivided ranch in King County with a 30-surface-acre, springfed pond fetched a 25 percent premium over the $300-per-acre price of similar tracts.

hill country texasTo the north, in Roberts County and other nearby areas, water rights are becoming valuable apart from the land. Recent sales indicate that the value of water rights equals or exceeds the value of surface rights. Most recent water-rights sales have been in the $300- to $350-per-acre range with the surface owner retaining domestic water rights. Ranch land in this general area was selling for slightly more than $200 per acre prior to the recent surge in interest in water rights.

Some ranchers now think that ranch land with water rights could be worth as much as $600 per acre. However, the true commercial value of water rights may not be known for years to come. Because their main interest is hunting, recreational buyers still are willing to buy ranch properties without water rights. In fact, many such buyers are more interested in buying land without water rights at $300 per acre than in buying the same property at $600 per acre with water rights.

Recreational buyers continue to exert upward pressure on land prices throughout Texas. Now the demand is reaching farther into the countryside, supporting active markets even in the agricultural areas. As hunting leases become more difficult to find and lease prices continue to climb, more potential buyers will add to the pressure. Ultimately, this trend will substantially change the rural communities of Texas.

4QZgN.St.58The 71,000-acre Canadian River Cattle Co. includes 29 miles of the Canadian River, a 7,000-square foot lodge as well as a 4,500-feet paved landing strip.
The working ranch recently sold for $33 million to an oilman.
Read more here: http://www.star-telegram.com/2013/08/10/5071086/oil-money-baby-boomers-heating.html#storylink=cpy

 

Sam Middleton – Interview: In regard to Working Ranches and the Real Estate market for large ranches

Star Telegram August 10, 2013

Article by: Steve Campbell

 

The working spreads

Giant working ranches are also selling as oil people seek investments that can appreciate and earn a return, said Sam Middleton of Chas. S. Middleton and Son in Lubbock.

“Cattle prices are high and interest rates are cheap, so I’ve been selling large ranches to large operators. These aren’t scenic ranches. They typically go from $250 to $600 an acre. They are 30,000 to 50,000 acres. They add up to a lot of dollars,” said Middleton, whose grandfather started the ranch brokerage in 1920.

He recently sold the 71,000-acre Canadian River Cattle Co. in Adrian to an oilman. The $33 million listing featured 29 miles of the Canadian River as well as a hunting lodge, a pilot’s quarters, a manager’s house and a paved landing strip.

“He bought the cows and everything. He even kept the same manager. It’s fashionable to say you own a ranch. I’ve sold that ranch three times. When you sell it several times, you grow to love those places,” Middleton said.

Read more here: http://www.star-telegram.com/2013/08/10/5071086/oil-money-baby-boomers-heating.html#storylink=cpy
Read more here: http://www.star-telegram.com/2013/08/10/5071086/oil-money-baby-boomers-heating.html#storylink=cpy

Riders cowboy up at Waurika’s rodeo

The Duncan Banner

WAURIKA — There’s a little anxiety involved for the teams that compete on opening night of the Waurika Chamber of Commerce Ranch Rodeo: Things can change over night.

Because the annual rodeo is conducted in two sessions, with teams assigned to compete in either the rodeo’s opening performance or the finale, the cowboys who participate on the first night don’t know until late on the second night if their score will put them “in the money.”

After finishing with the top score in the curtain-raising performance of the 2013 rodeo at Rex Dunn’s Coyote Hills Arena, the cowpokes from Wilson Cattle & T-4 Cattle Company finally got a chance to celebrate late.

No team in the final performance was able to eclipse the opening-night score posted by the team from the Canyon, Texas area, and Wilson Cattle & T-4 Cattle Company became the rodeo’s second repeat champion.

Bolstered by finishing in the top four of each event in the curtain-raiser, the team that combined cowboys from Wilson Cattle and T-4 Cattle Company had finished the opening round with a slight edge on two other teams — Schneeman Ranch & Middleton Ranch and Myers Cattle & 96 Ranch LLC.

Seven teams had competed in the first round, but as 10 more teams competed in the second round, the point leaders had to wait to find out if their marks would hold up.

Ultimately, it was worth the wait. By the time the final overall scores were tallied, Wilson had finished with 32 total points, a first-place check for $5,600 as the overall winner and an automatic berth in the Working Ranch Cowboys Association 2013 World Championship.

Schneeman Ranch & Middleton Ranch, from Big Lake, Texas, ended up second with 28 points, claiming $4,200 in prize money.

After winning the title in 2012, Wilson Cattle & T-4 Cattle became the second team to repeat as champion in the Chamber’s feature event, which began in 2006. Crutch Ranch, of Borger, Texas, captured the crowns in 2009 and 2010.

Crutch was back for the eighth Ranch Rodeo, and after competing in the finale, exited in third place, with a score of 23.

Slate River Ranch of Weatherford, Texas also had a score of 23, which forced a tie-breaker to come into play for prize money. A higher score in team branding gave Crutch Ranch third place and a $2,800 payoff, while Slate River earned $2,400 for finishing in fourth.

Rodey Wilson, Jesse Valdez, Tyler Bridges, John Wilson, Jason Thomas and Jordan Satterfield combined to spark Wilson Cattle and T-4 Cattle to the championship. Rodey Wilson was also named the Top Hand in the rodeo and his horse was selected for the Top Horse award.

“We had a really tough rodeo on the first night. The competition was good and it turned out to be a great first night,” said rodeo committee chair Brad Scott. “On the second night, we had a bigger crowd and they got to see another good rodeo.

“The prize money was down some, because we didn’t have quite as many teams as the last two years. But the rodeo continues to be a success.”

As in the past, teams from Texas were predominant in the team line-up, with a dozen teams coming to town from below the Red River.

Two area teams were in the field, including Treadwell Cattle & McPhail from Frederick, and the Sugarloaf Ranch from Velma and Treadwell Cattle & McPhail from Frederick. Treadwell Cattle & McPhail tied for 10th overall, while the Velma ranch tied for 12th.

Other Oklahoma teams were Barron Highsmith & Short from Talala, Lost Creek Cattle & Smith Oasis from Erick, Davison & Son’s Cattle Company from Arnett, and JH Cattle & DGE Ranch LLC from Alva.

Lost Creek & Smith Oasis had the top finish of a Sooner State entry, taking fifth overall, with 21 points.

Grab The Gold Champions Ranch Rodeo TeamGRAB THE GOLD CHAMPIONS!

The Haystack Mountain Ranch Team collected the $40,000 check as the winners of the annual Grab The Gold Ranch Rodeo Finals April 20 at the Curry County Events Center.

Pictured are (from left) Seth Smithson, Colby Schneeman, Rodey Wilson, Jed Middleton, Olin Borg and New Mexico State Fair Queen Stephanie Bailey.

Stephanie Bailey presenting them with their $40,000 check, their handmade Cowpuncher saddles, and their Oliver’s Saddle Shop gift certificates.

Canadian River 3

Location: Adrian, Texas

Size: 71,059 acres

Price: $33.75 million

This ultraprivate parcel boasts a 7,000-square-foot hunting lodge with six bedrooms, plus pilot’s quarters, hand houses, a manager’s house, barns and pens. There is no public access through the ranch. The owner also can arrive via a paved landing strip large enough to accommodate private jets.

Broker Sam Middleton of Chas. S. Middleton and Son Farm and Ranch Real Estate, which has the listing, says that 29 miles of the Canadian River run through the ranch.

For hunters, the ranch is home to mule deer, whitetail deer, elk, antelope and quail. A conservation easement across most of the property helps secure the ranch’s pristine elements

Link to Article: CLICK HERE

Note – Sam Middleton has sold this ranch property three times over the years and he considers the property to be one of the best ranches in the State of Texas.

Canadian River 4

Canadian River 8

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2011 Land Report Best Brokerages: Chas. S. Middleton & Son

2011 Land Report Best Brokerages: Chas. S. Middleton & Son

Chas. S. Middleton & Son
www.chassmiddleton.com
(806) 763–5331

2011 Sales: > $100 Million

Who: This fourth-generation family firm deals in the sale and appraisal of ranches, farms, and feed yards. Headquartered in Lubbock with licensed brokers in Texas, Oklahoma, Kansas, New Mexico, and Colorado.

Highlight: Sold the 71,000-acre Canadian River Ranch for a third time. “There’s nothing better than repeat business,” says Sam Middleton.

Pictured Above: Pat’s Canyon Ranch, located near the southeast corner of Colorado, is a scenic property with many recreational features.

Texas Rural Real Estate Market Remains Bullish On Recreation

By Steve Byrns
Extension Communications Specialist

LUBBOCK — The recreational land market is booming in Texas — thanks in no small part to white-tailed deer and bobwhite quail.

“The whole ranch market is focused on recreation right now,” says Sam Middleton, a Lubbock-based farm and ranch broker. “If the economy stays together, I think you’re just going to see a continuation of this trend. The ranch market is pretty well focused on recreation buyers and that spills over into other things. There are quail people, deer and elk people, and people in New Mexico who want trout fishing ranches. But it’s all tied to recreation one way or the other.”

Middleton is a 30-year veteran and major player in the farm and ranch real estate industry. His grandfather, Charles, started the family’s farm and ranch real estate and appraisal firm in 1920. Today, “Charles S. Middleton and Son” reportedly sells several hundred thousand acres of land annually in Texas, New Mexico, Oklahoma, and parts of Colorado. Middleton says the recreational land market makes up fully 75 percent of their current ranch transactions.

“There’s a lot of money out there at this point,” explains Middleton. “Whether it’s the Internet or the stock market or fiber optics, a lot of people have made a lot of money in the last few years. The new land buyers among them are looking principally for scenery, game, and location.

“We had a tobacco settlement attorney who bought a ranch in the Panhandle. It was about a $15 million deal. He bought that ranch totally to hunt bobwhite quail on. I asked this fellow how many days a year he’d be spending out here and he said, ‘well, I’ll be coming out here three or four times a year for a couple of days to hunt quail, and that’s it.’

“You know, you look at spending $15 million to be on a property eight or 10 days a year to hunt quail and you can’t imagine how they justify it, but that shows you the importance people place on recreational land. This spills down into the smaller properties, too. Doctors and lawyers want a weekend ranch that’s 60 miles from home; an hour’s drive from town. They want smaller places, the two, three, five-section ranches. It is a smaller scale buyer, but the same type motivation is driving it.”

Quail are fast approaching white-tailed deer as the fuel pushing the modern Texas land rush. Middleton says South Texas is a popular area for quail, as is the area east of Lubbock under the Caprock and much of the Rolling Plains.

“That Dickens-Matador area through there down toward Post and Snyder is awful good, as is the Eastern Panhandle. I’d say from Amarillo east throughout the Panhandle is recognized as a real good quail area.

“I know a lot of people have real concerns about fire ants killing out quail. I sell ranches in Central Texas around Fort Worth and Stephenville and east of Abilene. In much of that area, the quail have pretty well died out, which obviously is a major concern.”

A recent survey of Quail Unlimited members conducted by the Texas Agricultural Extension Service supports Middleton’s observations on the importance of quail. The survey found that the average member of this national organization of quail hunters and conservationists spent over $10,000 annually on quail hunting. Nineteen percent of the survey participants said they’d bought property for quail hunting in the last 10 years.

“Most of the people buying these ranches are wealthy,” says Middleton. “They just want a place to relax and entertain friends. The income off the property is nothing. There’s just not much of an income stream to it. I’d say the typical ranch we sell today will have a three percent return on the investment. But, if the trend keeps going as it is now, there is very good appreciation value on the property if the owner can afford to own and hold it. I’m seeing some of these prime recreation properties show appreciation of better than 20 percent a year.”

Middleton says ranches are seldom sold to ranchers anymore. The only time such a transaction occurs is when a rancher is about to sell his place to a recreational buyer for a large sum and is seeking to make a transaction on another ranch through a 1031 tax-free exchange.

“True ranchers are being forced more into New Mexico and to those places that have a lot of government lease land,” explains Middleton. “They’re going into that area because of the economics. It’ll come closer to penciling out there than these deeded ranches in Texas will because of the recreational buyers. They’ve just driven these land prices up to the point that the economics won’t work for a cattle producer. On a lot of these ranches today, the lease income from hunting is as much or more than the income from cattle grazing.

“Farming’s worse. We’re concerned about our farmers right now, because of commodity prices, the weather, and fuel costs. I would expect prices on farms with little or no recreational value to probably soften. It will depend on whether or not the government steps in to prop things up. I think we need a little governmental assistance for these farmers right now.”

Middleton comments that what a landowner does with his land in terms of brush control can have a far-reaching impact on its worth to the recreational consumer or prospective buyer. In the past, brush was removed to increase livestock capacity. The same holds true today, but Middleton says most ranchers have realized what brush means to the wildlife business. Today, “Brush Sculpting” is an increasingly common practice on Texas ranges. Brush Sculpting techniques allow for some clearing, but leave many areas untouched for wildlife cover.

“You can sure overdo brush control on the current recreational market,” warns Middleton. “You need to leave a pretty good canopy cover, at least 30 to 40 percent of the country. The other thing I’m seeing is that landowners spend all that money for brush control and I don’t know from the recreational market’s viewpoint if any of it can be justified. The rancher who thought he was doing the right thing may never recoup that money in today’s market.

“I had a ranch listed in the Sheffield area that the owner had gone in with two D-8 ‘Cats’ and cleared some really good white-tailed deer country. He was a sheep rancher and he had some good gas income off the ranch, so he bought the two bulldozers and went to clearing. He thought he had really improved the ranch. He had from the livestock perspective, but he’d gone too far to entice the deer hunters. I remember I asked him how much per acre he was spending to clear the brush, and as I recall, it was in the $65-$75 an acre range.

“I told him he’d enhanced the place from a livestock standpoint, but I couldn’t get him that $65-$75 premium he wanted for the ranch. It just wasn’t there. The ranches around him were bringing around $125 an acre. He wanted to sell his ranch, as I recall, for about $175 per acre and I couldn’t get anybody to even make an offer on it. All that money he’d spent for brush control was gone. He couldn’t recoup any of it in today’s market.”

For those looking for recreational land, Middleton says there’s plenty of loan money available for the qualified buyer.

“There’s no problem getting financing on these ranches for the man with a strong financial statement and a good income stream. We have three major sources financing these deals. The Federal Land Bank and several of the life insurance companies have been real active. Bank of America is another big lender. They have an actual program now called the ‘Recreational Ranch Land Loan Program’ that’s designed just for these type properties and purchasers. They’re making loans for recreational ranches right now, today.”

Middleton concludes by saying that like so much in today’s new economy, the Texas land market is being tossed atop unchartered waters. The decade-long big-money Texas land buyup continues to be fueled largely by the state’s scenic beauty and two major wildlife species, white-tailed deer and bobwhite quail. The trend continues to grow in virtually all areas of Texas with no end in sight yet.

Livestock Weekly 1-3-2008

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