Steven Sparks | Backwoods Land Co.

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This 294 acre tract in Alcorn County, MS is a turnkey hunting and timber tract. Located just 3 miles from the Tuscumbia River, this tract benefits from its proximity to the surrounding wetlands, which are known to be a key stopover along the Mississippi Flyway. While primarily suited for deer hunting, the fertile creek bottoms in the low lying wetland areas of the property may also create suitable conditions for attracting waterfowl during migration seasons. Walnut is also well known from prime turkey hunting. The combination of varied terrain and water access enhances the tracts hunting versatility.
The natural ridges, valleys, and gentle slopes create ideal movement corridors for deer. These natural features form good pinch points, while multiple cleared areas would make ideal food plots. A 672 sq. ft. manufactured home, featuring 2 bedrooms and 1 bathroom, serves as a convenient hunting camp with power and water. Additionally, power and water and fiber are available at the road (County Road 762), with multiple prime spots along the road.
In addition, this tract features a rich stand of bottomland hardwoods, shortleaf, and loblolly pines. The combination of wildlife and timber make this property valuable in more ways than one.
Conveniently located within easy driving distance to Ripley (18 miles), Corinth (30 miles), Tupelo (50 miles), and Memphis (70 miles), this property offers the perfect blend of outdoor recreation and accessibility.
 
🦌 Prime deer and turkey hunting
🦆 Potential waterfowl opportunities due to lowlying wetland bottoms portion and proximity the Mississippi Flyway
🌲 Rich timber resources: bottomland hardwoods, shortleaf, and loblolly pines
🏠 672 sq. ft. hunting camp with power and water
🔌 Utilities (power, water, fiber) available at the road
📍 Multiple building sites
🏫 Located in the Alcorn County School District
🚗 Easy access to Ripley, Corinth and Tupelo
 
☎️ Steven Sparks 662-523-4503
☎️ Office: 601-209-4882
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Ravin Crossbows

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Experts Pick Ravin’s Best Crossbows

We recently reached out to a handful of professionals who hunt — and write about hunting — for a living. Over the years, we’ve sent these writers the latest and greatest crossbows for tests and reviews … now we’re asking which Ravin crossbows are their favorites and why.

R29X

Selected as their favorite by both Will Brantley (writer & editor of Field & Stream Hunting GuidePetersen’s Hunting, and Realtree) and Nancy Jo Adams (Owner of Life in Camo Media, Popular Mechanics Outdoor Gear Expert and writer for Field and Stream), the Ravin R29X got the highest marks for its near-perfect blend of speed, power, accuracy, and maneuverability.

Will calls the R29X’s cocking mechanism “nearly silent” and Nancy Jo appreciates how easy it is to use the R29X in a ladder stand — even one-handed! Carrying it around on long stalks, aiming for an extended time freehanded, cocking and uncocking all were accomplished without strain or struggle. Nancy Jo particularly recommends the R29X for women and smaller-framed hunters. 

For Will, it’s all about the accuracy. He calls it one of the most accurate bows he’s ever tested, praising the Ravin 100-yard illuminated scope that comes as part of the package. Will says, “Crossbow scopes have inherently busy reticles, so you need marks that are easy to read in low light and under pressure.”

Nancy Jo uses her R29X with a Ravin Soft Case and Arrow Case. “For getting from the lodge to my hunting area by UTV, I always keep my crossbow in the soft case,” she says, “Not only to protect it from being knocked around but also to keep excessive dust that the tires kick up off of the components of my crossbow.” The Soft Case provides extra storage in two long zippered pockets along the top and has handles and a backpack-style shoulder system. Having a secure place to store your crossbow is vital to the longevity and performance of your crossbow.

Ravin Crossbows Read More »

How to Avoid Being Misled by Price Per Square Foot | Discover the Limitations of Price Per SF

Price per square foot (PSF) is a common metric used in real estate to compare the value of homes or properties. However, it can be misleading, especially when it comes to rural properties with homes.

Here are a few reasons why PSF can be misleading for rural properties:

  1. Varying Condition: For example, two homes with the same square footage may have vastly different values if one is in excellent condition with modern finishes, 4,500 sf while the other is 1,200 sf in need of some minor updates in overall average condition, yet has a 900 sf new shop with living quarters and other outbuildings and workspaces, an 18 stall high-end horse barn with large tack room with a good sized stock fishing lake on 10 acres in a secluded yet desirable area, yet, their PSF could still be close to the same. In this case, the PSF would not accurately reflect the value of each property.
  2. Varying Land Sizes: Rural properties often have larger land sizes compared to urban or suburban areas. As a result, the price per square foot calculation can be heavily skewed by the size of the land. A property with a large land size may have a lower price per square foot compared to a smaller property, even if the larger property is more valuable due to diminished returns.
  3. Varying Home Sizes: Rural homes also tend to have varying home sizes. Some homes may be large with multiple bedrooms and bathrooms, while others may be small cabins. PSF can be misleading in this scenario since larger homes will naturally have a lower PSF than smaller homes, even if they are of similar quality due to yet again, diminished returns.
  4. Varying Amenities: Rural properties may have unique features such as a pond, a barn, or a farm. These features add value to the property, but they are not reflected in the PSF calculation. Therefore, the PSF may not accurately represent the overall value of the property.
  5. Varying Quality: Rural homes can also vary in quality, which can affect the overall value. For example, a newly built home will have a higher PSF than an older home in need of repairs, even if the older home is on a larger piece of land or has unique features.

 

PSF can be misleading when it comes to rural properties since it does not take into account various factors such as land size, home size, amenities, and quality.

 

In urban and suburban areas with subdivisions, PSF can be a little more of a helpful tool in determining the value of homes. Especially in cutter cutter subdivisions with similar lot sizes. However, it is important to note that PSF does not always accurately reflect the value of a property, even in these areas. Especially when calculation the overall price per sf trends in the area.

Here are a few reasons why PSF can be misleading when comparing overall price per sf values in suburban and urban areas:

  1. Quality: While homes in subdivisions may have similar square footage, there can be differences in the quality of construction, materials used, and finishes. These factors can significantly affect the overall value of a property but are not reflected in the overall average PSF calculation in the area.
  2. Condition: The condition of a property, including maintenance and updates, can also impact its value. A home that has been well-maintained and updated will have a higher value than a similar home that has not been properly maintained, yet their PSF could be the same if the home that has no updates but has been well maintained has somewhat higher quality of finish and has a two car garage with a basement.
  3. Location: The location of a property can also affect its value. A home on a busy street or near a noisy highway will typically have a lower value than a similar home in a quieter location. PSF does not take into account exact location of the property and say, the a beneficial views and/or other appealing  or negative external factors, even though they are in the same immediate neighborhood.

When it comes to evaluating properties, PSF can provide greater accuracy in suburban and urban areas with homes that have similar lot and heated sf sizes than in rural areas, however, it may not accurately reflect the overall value of a property that has varying amenities like pools, garages, and outdoor living spaces. These amenities can differ significantly from one property to another and can have a significant impact on the property’s value. As PSF does not take these amenities into account, it can be misleading to compare properties based solely on their PSF.

Finally, diminished returns can have a profound effect on price per sf in all types of area.

Diminishing returns is a concept that describes how the marginal benefit of adding more of a certain input to a production process gradually decreases. In the context of real estate, this concept can have a significant impact on how we interpret and analyze data such as price per square foot (psf).

Price per square foot is a widely used metric in the real estate industry to compare the relative value of different properties. It is calculated by dividing the total price of a property by its square footage. For example, if a 2,000 square foot house sells for $500,000, its psf would be $250.

However, the psf metric can be misleading when dealing with larger properties. This is because larger properties often have diminishing returns in terms of price per square foot. For instance, a 2,000 square foot home may be worth $250 psf, but a 4,000 square foot home on the same street may be worth $225 psf. This means that the price per square foot of the larger home is lower than that of the smaller home, even though the larger home is worth more overall.

There are several reasons why this occurs. Firstly, the cost of building additional square footage may decrease as the property gets larger, leading to a lower psf price. For example, building an additional 1,000 square feet onto a 2,000 square foot home may cost $200 psf, whereas building the same amount onto a 4,000 square foot home may only cost $150 psf.

Additionally, larger homes often have higher fixed costs, such as the cost of a pool or a large yard, which can be spread out over more square footage, leading to a lower psf price. Furthermore, larger properties may have more unique features or amenities that add value to the property, but are not reflected in the psf metric. For example, a large estate may have a tennis court or a guest house that adds significant value, but does not necessarily increase the psf price.

As a result, when analyzing real estate data, it is important to take into account the potential impact of diminishing returns on the psf metric, particularly when dealing with larger properties. This may involve using alternative metrics, such as price per acre or price per room, to compare properties of different sizes. Alternatively, analysts may need to adjust their interpretation of the psf metric to account for the impact of diminishing returns on larger properties.

In conclusion, price per square foot (PSF) can be misleading when evaluating rural properties due to varying factors such as land size, home size, amenities, and quality. In suburban and urban areas, PSF can provide greater accuracy when homes have similar lot and heated sf sizes, but it may not accurately reflect the overall value of properties with varying amenities. Moreover, the concept of diminishing returns can affect the accuracy of PSF for larger properties, where the cost of building additional square footage may decrease. Therefore, when evaluating properties, it is essential to consider various factors that can affect their value, in addition to PSF.

Here are some online resources and links that can provide further information on the topic:

  1. “Why Price Per Square Foot Is Not the Best Way to Measure a Home’s Value” by Chris Larson, The Balance: https://www.thebalance.com/why-price-per-square-foot-is-not-the-best-way-to-measure-a-home-s-value-4174472
  2. “Price per square foot: Does it matter?” by Sarah Pike, Redfin: https://www.redfin.com/blog/price-per-square-foot
  3. “The Danger of Using Price Per Square Foot to Price Your Home” by Teresa Cowart, Teresa Cowart Team: https://www.teresacowartteam.com/blog/the-danger-of-using-price-per-square-foot-to-price-your-home/
  4. “The Problem with Price Per Square Foot” by Daren Blomquist, RealtyTrac: https://www.realtytrac.com/news/home-prices-and-sales/the-problem-with-price-per-square-foot/
  5. “Why Price Per Square Foot is not a Reliable Indicator of Home Value” by Bill Gassett, Max Real Estate Exposure: https://www.maxrealestateexposure.com/why-price-per-square-foot-is-not-a-reliable-indicator-of-home-value/
  6. “How to Accurately Value a Home” by Zillow: https://www.zillow.com/sellers-guide/how-to-accurately-value-a-home/
  7. “The Truth About Price Per Square Foot” by J. Andrew English, RISMedia: https://rismedia.com/2018/11/19/truth-price-square-foot/
  8. “The Pros and Cons of Using Price Per Square Foot to Price a Home” by Bethany Johnson, Rocket Homes: https://www.rockethomes.com/blog/home-selling/price-per-square-foot

 

How to Avoid Being Misled by Price Per Square Foot | Discover the Limitations of Price Per SF Read More »

The Watershed Warrior

As Bill Billsbilly, patrolled his beloved watershed around his neighborhood, he knew that his enemies were always lurking nearby. Garbage trucks, with their noxious fumes and potential for littering, were his greatest foes.

So, whenever he heard the rumble of a garbage truck approaching, Bill would grab his trusty spear and don his warpaint. He would leap into action, charging towards the truck and shouting at the top of his lungs.

“Back away from my watershed, you scoundrels!” he would yell.

The garbage truck drivers would usually speed away, scared off by the wild and fierce looking man with war paint charging toward them. But if they were foolish enough to stick around, Bill was always ready to defend the watershed with all his might.

One time, a particularly stubborn garbage truck driver refused to leave, insisting that he had a job to do and couldn’t just abandon his route. Bill was having none of it. He marched right up to the truck, spear in hand, and began banging on the side with all his might.

“Get out of here, you dirty trash-mobile!” he shouted.

The driver, clearly confused and frightened by the wild man with the spear, finally relented and drove away. Bill stood like a boss, watching as the garbage truck disappeared down the road.

From that day forward, Bill became known as the ultimate defender of the watershed. People in the community would wave and cheer whenever they saw him, grateful for all the hard work he did to keep their water clean and pure despite the neighborhood smelling like pure garbage.

And whenever a garbage truck dared to drive by, they knew better than to mess with the “Watershed Warrior.”

Bill had other talents besides chasing garbage trucks, he could also pick a tune. He formed a band called the Watershed Warriors after his nickname of course. One their songs, “Manage the Land Use Dummy ,” quickly became a hit with audiences across the country.

As the band gained popularity, soon, their song hit number one on the charts, and the Watershed Warriors became a household name. The End.

 

WHAT IS A WATERSHED EXACTLY?

 

Think of a watershed like a giant bathtub that collects rainwater and snowmelt from surrounding mountains and hills. Just like in a bathtub, the water flows down to the drain, which in this case is a river or a stream.  Before it reaches the drain, the water runs over and through the ground, picking up sediment and pollutants along the way. This can include fertilizers, pesticides, and even trash from garbage trucks as Bill would have it.

That’s why it’s important to take care of watersheds. We can protect them by using natural filters like trees and plants, which can trap pollutants and reduce sediment runoff. We can also prevent soil erosion and minimize pollution from urbanization, agriculture, and other human stuff. When we protect watersheds, we not only preserve the health of our environment and the habitats of wildlife, but we also ensure that we have clean and safe water for our daily needs. Healthy watersheds can also have a positive impact on property values, as people are more likely to want to live in areas with access to clean water and natural beauty. Would you pay a premium for it?

It catches rainfall and snowmelt, then channels it into creeks, streams, and rivers, ultimately leading to a larger body of water, such as a lake or ocean even. Yes, Watersheds can vary in size greatly, ranging from small, localized areas to large regions that span multiple states or even countries. However large or small from the Mighty Mississippi to a pond on your hunting land, they are started small.

If a town is located within the boundaries of a watershed, it is possible for the watershed to supply the town with all the water it needs. This is because the water that falls within the watershed is collected and treated to make it safe for human consumption. Therefore, it’s important to protect the quality of the water within the watershed to ensure that it remains safe to drink.

A watershed encompasses all the land, vegetation, and water resources that are found within its boundaries. This includes forests, fields, wetlands, and rivers. The health of a watershed depends on the balance of all these things. Trees and plants help absorb and filter rainfall, preventing soil erosion and sedimentation of the waterways. Wetlands are like sponges, absorbing water and slowly releasing it into the surrounding environment, thereby preventing flooding downstream.

It is important to take care of watersheds because they provide many benefits to communities, including clean water for drinking, recreation, and irrigation. In addition, watersheds help support healthy ecosystems by providing habitat for wildlife and supporting biodiversity. On the other hand, degradation of a watershed can lead to erosion, pollution, and a loss of habitat, which can impact the health of the entire ecosystem.

WATERSHED VS CATCHMENT BASIN

 

A watershed and a catchment basin are similar in that they both refer to an area of land where all the water that falls within its boundaries flows to a common outlet, such as a lake, river, or ocean. However, a watershed is typically larger in scale than a catchment basin and encompasses all the land that drains to a common outlet, including hills, mountains, and valleys. A catchment basin, on the other hand, refers specifically to the area of land where water collects before flowing into a larger body of water.

Both watersheds and catchment basins are important because they provide a source of freshwater for drinking, irrigation, and industrial use. They also provide a habitat for various plants and animals, which in turn supports the food chain.

When PESTICIDES AND OTHER CHEMICALS these substances are applied to crops or spilled onto the ground, they can be carried by rainwater and runoff into streams and rivers, causing harm to aquatic life and making the water unsafe for drinking or recreational use.

When trees are cut down or land is paved over, there are fewer plants to absorb and filter rainwater. This can lead to increased erosion and sedimentation in streams and rivers, which can harm aquatic life and cause flooding.

DAMS IN RELATION TO WATERSHEDS

 

Dams can have both positive and negative impacts on the surrounding watershed. On one hand, they can provide a reliable source of water for drinking, irrigation, and other uses. On the other hand, they can disrupt the natural flow of water, affecting downstream ecosystems and wildlife.

 

PROPERTY VALUES IN RELATION TO WATERSHEDS

 

Real lie example : In the city of Atlanta, Georgia, the Chattahoochee River watershed has been a significant factor in property values.

Properties located near the Chattahoochee River, which serves as a source of drinking water for the city, are highly sought after due to the recreational opportunities and natural beauty provided by the river. According to a study conducted by the Trust for Public Land, properties located within a half-mile of the river are worth an average of 43% more than properties located farther away.

Furthermore, properties located in areas with healthy watersheds tend to be more valuable than those in areas with degraded watersheds. In the case of the Chattahoochee River, efforts to improve water quality and preserve the watershed have led to an increase in property values over time.

Overall, the health of a watershed can have a significant impact on property values in the surrounding area. As a result, protecting and preserving watersheds can have both ecological and economic benefits for communities.

As a result of the preservation efforts, the Ruffner Mountain Nature Preserve has become a popular destination for outdoor recreation and education. Additionally, the protected watershed has helped to maintain the quality of the Cahaba River’s water, which has been a selling point for nearby properties. In fact, according to a study conducted by the Trust for Public Land, the nature preserve has contributed to a $6.9 million increase in property values for homes located within a half-mile of the preserve.

Another example of how watersheds can affect property values is the Chesapeake Bay watershed in Maryland, Virginia, and Pennsylvania. The Chesapeake Bay is the largest estuary in the United States, covering an area of over 64,000 square miles, and is fed by over 150 rivers and streams. The watershed is home to over 18 million people and is a vital source of drinking water, recreation, and economic activity.

In recent years, the health of the Chesapeake Bay has been threatened by pollution from agricultural runoff, urban development, and other sources. Efforts have been made to restore the health of the Bay through initiatives such as the Chesapeake Bay Watershed Agreement, which aims to reduce pollution and restore habitat.

The health of the Chesapeake Bay and its watershed can have a significant impact on property values in the region. A study by the Chesapeake Bay Foundation found that properties located within 1,000 feet of the Bay and its tributaries had an average value that was 38% higher than similar properties located farther away. This suggests that proximity to a healthy and vibrant watershed can be a significant factor in property values. On the other hand, properties located near areas of the Bay and its tributaries that are experiencing water quality problems may see a decline in value.

 

Here are some online resources and links related to watersheds and property values:

“The Impact of Watershed Conditions on Property Values” – a research paper by the US Forest Service: https://www.fs.fed.us/pnw/pubs/journals/pnw_2012_kovacs001.pdf

“The Relationship between Water Quality and Property Values: A Review of the Literature” – a report by the Environmental Protection Agency: https://www.epa.gov/sites/default/files/2015-10/documents/relationship_between_water_quality_and_property_values.pdf

“Watershed Services and Property Values” – an article by the American Geosciences Institute: https://www.americangeosciences.org/critical-issues/research-database/docs/watershed-services-and-property-values

“The Value of Watersheds” – a report by the World Wildlife Fund: https://www.worldwildlife.org/publications/the-value-of-watersheds

“Watershed Property Values: A Case Study of the Jordan Lake Watershed in North Carolina” – a research paper by Duke University: https://dukespace.lib.duke.edu/dspace/handle/10161/4829

These resources provide valuable information on the relationship between watersheds and property values. They analyze the impact of watershed conditions, water quality, and other factors on property values, providing useful insights for homeowners, policymakers, and other stakeholders.

The Watershed Warrior Read More »

Methods Used by Rural Appraisers to Extract Land Value from Improvements When There Are No Recent Comparable Land Sales

Amidst the sizzling heat of a summery day in the quaint and charming town of Millville, Jake, a real estate appraiser, was tasked with the responsibility of evaluating and determining the value of two distinct properties that were scheduled to be put up for sale. The first of the two properties, 130 Crazy Horse Drive, spanned over a massive area of 20 acres, made up of a combination of flourishing, lush woodland, and verdant, green pasture. The property boasted an extensive and spacious farmhouse along with several auxiliary structures. The second property, 975 Don’t Go Down This Street, was a 15-acre property with similar characteristics and features.

Using the Sales Comparison Method to Evaluate the Properties

To start his evaluation, Jake used the Sales Comparison Method first, and it commences with the appraiser identifying properties that have been recently sold in the same market and are similar to the property being appraised. He first took the step of determining the property’s specific nature and purpose of the appraisal. Moving forward, the appraiser proceeded to define the scope of the appraisal, which entailed identifying the market area and the date of value for the appraisal. After that, he collected data on comparable sales and thoroughly analyzed and scrutinized the most relevant sales, based on various factors, such as location, physical attributes, and the date of sale. The appraiser then made adjustments to account for differences between the subject property and the comparable properties, such as size, condition, and amenities. By analyzing the adjusted sale prices, the appraiser could estimate the market value of the subject property. Finally, the appraiser reviewed the analysis and conclusions to ensure that they were based on sound data and were reasonably accurate.

The Land Extraction Method: An Alternative Approach

However, in the absence of recent comparable land sales in the immediate market area, Jake could not find enough land sales within the past several years to arrive at a supportable land value. Therefore, he resorted to using the Land Extraction Method to determine the land value. This method involves separating the land’s value from the value of any improvements on the land, such as buildings, and then arriving at a final estimate of the value of the land itself. By utilizing this method, the appraiser could evaluate the land component’s value of the subject property, even in the absence of recent comparable land sales.

Calculating the Value of Improvements

To proceed further, Jake calculated the value of the improvements on each property. After calculating the Replacement Cost New, which was estimated to be $300,000 for 130 Crazy Horse Drive and $275,000 for 975 Don’t Go Down This Street, he determined the Depreciated Value of Improvements by subtracting the estimated depreciation value of $125,000 for 130 Crazy Horse Drive and $130,000 for 975 Don’t Go Down This Street from the Replacement Cost New. Using the Depreciated Value of Improvements, Jake calculated the Site Value for each property, which amounted to $275,000 for 130 Crazy Horse Drive and $180,000 for 975 Don’t Go Down This Street.

Finally, to arrive at a final estimate of the value of each property, Jake calculated the Site Value per Acre for both the properties, which amounted to $13,750 for 130 Crazy Horse Drive and $12,000 for 975 Don’t Go Down This Street. To ensure a reasonable and accurate appraisal, Jake made the requisite adjustments based on various factors such as location, zoning, and accessibility. However, he was unaware of the numerous other crucial factors that he had to take into consideration before finalizing his appraisal, which could have potentially altered the final evaluation of each property.

Additional Methods

A few additional methods that appraisers use to determine land value in a property with improvements include the Land Residual Method and the Development Method. The Land Residual Method involves subtracting the value of the improvements from the total property value to determine the land value, which is useful when there are no recent land sales to compare. The Development Method estimates the potential profit that could be earned by a developer from developing the land, considering factors like zoning regulations and potential revenue. By utilizing these methods in conjunction with others, appraisers can obtain an accurate evaluation of the subject property’s land value, especially in rural areas where comparable land sales may be scarce. Another method that appraisers may use is the land-to-building ratio method, which involves comparing the land value to the building value of similar properties and applying that ratio to the subject property. The land-to-building ratio method, also known as the Allocation Method, is another technique used by appraisers to find the land value in a property with improvements. This method involves comparing the ratio of land value to building value for similar properties in the market area, and then applying that ratio to the subject property to estimate the land value. By using this method, appraisers can arrive at a reliable land value estimate even in the absence of recent land sales or in cases where other methods are not applicable.

It’s worth noting that when using any of these methods to determine land value in a property with improvements, appraisers must consider various factors that may affect the land’s value. These factors may include soil quality, topography, frontage, and other characteristics that may affect the property’s potential use and market demand. By taking these factors into account and employing multiple techniques, appraisers can ensure a comprehensive evaluation that accurately reflects the value of the subject property.

Conclusion

Overall, determining the value of land with improvements can be a complex process, particularly in rural areas where there are no recent comparable land sales. However, with the right expertise and tools, appraisers can arrive at a reasonable and accurate appraisal of the land value. By employing the Land Residual Method, the Development Method, the Allocation Method, and other techniques, appraisers can ensure that the appraisal considers various factors that may impact the land value.

Methods Used by Rural Appraisers to Extract Land Value from Improvements When There Are No Recent Comparable Land Sales Read More »

Price Reduced! $64,000

Price Reduced! $64,000 Read More »

Exploring the Difference Between Excess and Surplus Land

As a real estate professional, I have come across many properties that have additional land that is not necessary to support the existing improvement. This additional land is either considered as Excess Land or Surplus Land, and understanding the difference between these two scenarios is crucial when it comes to determining the value of a property.

Excess Land is land that is not necessary to serve or support the existing improvement but has a different highest and best use and can be separated and sold off. For instance, imagine a property with a main parcel and a vacant parcel adjacent to it with easy road access. This vacant parcel is considered as Excess Land as it has a different highest and best use and can be sold off separately. The additional land has the potential to contribute to the overall value of the property.

On the other hand, Surplus Land is not necessary to serve or support the existing improvement, but it cannot be separated and sold off. Unlike Excess Land, it does not have a different highest and best use and may or may not contribute to the value of the overall parcel. An example of this would be a home situated on a larger than typical parcel with no direct access other than traveling over the main parcel.

When appraising a property, it is important to consider the highest and best use of the parcel as if it were vacant. This involves applying the highest and best use test, which considers whether the land is legally permissible, physically possible, financially feasible, and maximally productive. Based on the results of this test, the additional land can be determined to be either Excess Land or Surplus Land.

 

Excess Land typically contributes more value to the property as it has a different highest and best use and can be sold off, while surplus land does not have a separate value a

and may or may not contribute to the overall property. Additionally, it is important to consider the zoning regulations and deed restrictions when dealing with additional land, as they will play a role in determining the value of the property.

The photograph on the left is a clear demonstration of the differences between two pieces of land. One is narrow and lacking road frontage, while the other is expansive with ample frontage. This contrast highlights the important factors that must be considered when evaluating a piece of property.

It is important to note that this is just one example of the differences between excess and surplus land. The shape and frontage of a parcel can greatly impact its potential for development and overall value. It is up to the wise property owner to consider all aspects of a piece of land, not just its size, before making a decision.

When evaluating a potential piece of property, take a closer look at its shape and frontage. Consider its potential for supporting other developments and weigh the opportunities it presents. Remember, the value of a piece of land is not just in its size, but in its shape, frontage, and ability to support other developments.

Understanding the difference between Excess Land and Surplus Land is crucial for real estate professionals, as it will help them in determining the value of a property and providing the best advice to their clients.

Exploring the Difference Between Excess and Surplus Land Read More »

From Clearcutting to Thinning: How to Preserve Your Forest and Make a Profit

 

So, there was a man named Sue (formerly a boy) who had been dreaming of owning his own land for many years. One day, he found the perfect piece of land for sale at a price of $220,000. He put in an offer of $200,000 and it was accepted. This land tract was 80 acres and had 50 tons of mixed hardwood sawtimber per acre.

After much consideration, Sue decided to take out a 10-year mortgage for the land with an interest rate of 8%. The total interest paid over the 10-year period would be calculated as follows:

The revenue generated from the clearcutting of the land and harvesting the sawtimber was calculated as follows:

$32 per ton x 50 tons per acre x 80 acres = $1600 x 80 = $128,000

With the interest and revenue calculated, Jack could now determine his total loan payoff, which would be calculated as follows:

Loan Payoff = Loan Amount + Interest – Revenue from Sawtimber

Loan Payoff = $200,000 + $70,963.92 – $128,000 = $43,963.92

Sue soon discovered at the advice of a local appraiser that clearcutting the land would not only strip the area of its beautiful hardwoods, destroying the forested landscape, but it would also decrease the land’s value by at least  50% due to the harm to its appearance and loss of forestry. To balance his financial needs and protect the forest, Sue considered thinning. Thinning involves carefully removing some trees to boost the growth of the remaining ones and enhance the forest’s overall health. By thinning, Sue could still harvest valuable sawtimber while preserving the forest and possibly increasing its value. Sue also learned that hardwoods take around 100 years to regrow after clearcutting, whereas say, loblolly pine regrows in just 25 years. Choosing to thin the forest rather than clearcutting would preserve it for future generations and generate income to help pay off the loan faster. This was more appealing Sue concluded that clearcutting would bring a short-term financial gain but cause long-term harm and decreased value.

Had he clear cut the land instead of thinning, a prescribed burn could be an effective way to promote forest health and regenerate the hardwoods. A prescribed burn is a controlled fire set by trained professionals such as foresters to reduce the risk of wildfire, improve wildlife habitat, and enhance tree growth. This method has many benefits, including reducing competition for resources, improving soil fertility to name a few.

A forester can also help ensure that the necessary permits and regulations are obtained before conducting any forest management activities. They can advise on the proper techniques for conducting a prescribed burn, ensuring that the fire is set under controlled conditions and that the health and safety of people and wildlife are protected. In addition, a forester can help assess the economic and ecological impacts of a timber cruise or prescribed burn or other forest related activities. They can provide insight into the potential returns on investment and the long-term effects of the activity on the forest and its resources. Overall, it is crucial to consult a professional forester when planning and conducting forest management activities.

Working in collaboration with a professional appraiser experienced in land appraisal can provide a comprehensive understanding of the land and timber value. The appraiser can evaluate the current market conditions, comparable sales, and the timber resources on the property to determine the value of the land and its assets.

Together, the forester and appraiser can provide a comprehensive analysis of the economic viability of the property and the potential returns on investment. They can help landowners make informed decisions about the best use of their land and its resources.

For example, if the landowner is considering a prescribed burn, the appraiser can assess the potential impact of the activity on the land’s value, considering factors such as the potential for increased productivity and improved aesthetics. The forester and appraiser can work together to determine the best management strategy to maximize the value of the property and achieve the landowner’s goals.

Note that this is just an generalized overview of how two methods can be used  on this particular hypothetical 80 acres. One of the many interesting things about real estate is that there is never a right way, but there is always a wrong one. That’s why is so important to consult with experts to maximize your investment and enjoyment of your property.

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Wild Hogs: A Growing Threat to Southern US Farms

It was a hot summer day in the heart of the South, and I, George, was in a predicament. My farm, sprawling over 300 acres of fertile land, had become overrun by a horde of wild hogs, those damnable beasts that had the audacity to ravage my crops, disrupt my fields, and steal eggs from my chickens.

I had tried every method in the book to rid my land of these pigs – fences, traps, hunting, you name it – but nothing seemed to work. I was at my wit’s end, feeling defeated and wondering how I was going to save my farm.

But then, one fateful night, everything changed. I was sitting on my porch, nursing a bottle of bourbon, when I heard a commotion coming from my barn. I stumbled over, curious as to what the was going on, and was greeted with a sight that I would never forget.

A whole herd of wild hogs had moved into my barn, and they were acting like they owned the place. They had set up beds and a small kitchen area, for Christ’s sake. I couldn’t help but laugh at the absurdity of it all.

I decided what the heck, if you can’t beat em, join em.

He fired up the grill and cooked up a feast fit for a king! The aroma of the grilled corn and sweet potatoes wafted through the air, and the hogs could hardly contain themselves. They gathered around George, oinking and snuffling in excitement, as he served up the delicious meal.

The hogs devoured the food, their eyes rolling back in pleasure as they savored the taste of the succulent pork and the sweetness of the sweet potatoes. George couldn’t help but smile, feeling a sense of satisfaction that he had been able to give these wild animals a good meal.

I went back inside. The hogs were in hog heaven and we all sat down to enjoy a feast fit for a king.

From that day on, my farm was a haven for wild hogs, and we lived in a strange harmony. They helped themselves to my crops, but in return, they helped me by keeping pests away and protecting my chickens from other predators. My farm prospered and I was never short of bacon and pork chops.

NOW, BACK TO REALITY

 

I George, with promise of a bountiful harvest, I ventured deeper into the heart of these farmlands, I began to see the telltale signs of destruction. Ragged holes in the ground, torn up plants and crops, and the unmistakable tracks of wild hogs.

These feral beasts, once domesticated and raised for food, have now run wild, wreaking havoc on the farms and livelihoods of hardworking Americans. They root through fields, devouring crops and destroying the soil, leaving behind a trail of devastation in their wake.

Farmers and ranchers, already struggling to make a living, now have to contend with this added threat to their livelihood. They spend countless hours and resources trying to keep these hogs at bay, from building fences to hiring hunters to thin the population.

But even with these efforts, the damage continues to mount. The hogs are relentless in their pursuit of food, and they are spreading across the country at an alarming rate. They are now found in nearly every state, causing over a billion dollars in damages to crops and property each year. According to a USDA study, wild hogs can be blamed for $1.5 billion in damages every year in the United States.

It is estimated that 75 percent of a hog population must be killed each year in order to maintain a static population.

 

As I watched the farmers and ranchers go about their work, I couldn’t help but feel a sense of sadness and frustration. These men and women, who had devoted their lives to the land, were now fighting an uphill battle against a force they couldn’t control. The wild hogs were a constant reminder of the fragility of the American farming industry and the resilience of those who work it.

It is a problem that demands attention and action. The wild hog population needs to be controlled before it causes even more damage to the crops and farms of this great nation. The future of American agriculture depends on it.

But the damage caused by wild hogs is not limited to crops and farmlands. These animals also prey on other species, decimating their populations. They have been known to eat a wide variety of animals, including deer, turkey, ground-nesting birds, and even small mammals such as squirrels and raccoons.

In addition to the ecological impact, this also poses a significant threat to the hunting and fishing industries, which rely on healthy populations of native species to sustain their businesses. The wild hog problem is not only an agricultural issue, but a conservation one as well.

The wild hog population must be controlled to protect the crops, farms, ecosystems, hunting, and fishing industries and to preserve the natural heritage of the United States.

The wild hog problem is not only an agricultural issue, but a conservation one as well. These voracious animals have been known to prey on other native species, decimating their populations and disrupting the delicate balance of ecosystems. Wild hogs have been identified as a significant threat to many species of animals. In some cases, their predation has led to the decline of certain species, and in some instances, it has been a major contributor to the near extinction of some species.

In California, the wild hogs have been identified as a significant threat to the California red-legged frog (Rana draytonii), a species that is nearly extinct. Similarly, in Texas, wild hogs have been identified as a major contributor to the decline of the Houston toad (Anaxyrus houstonensis), a state-listed endangered species. They also have a severe impact on ground-nesting birds, turtles, and small mammals.

In addition, wild hogs are known to compete with native ungulates such as white-tailed deer, pronghorn and elk. This competition can result in reduced populations of these native species.

It’s important to note that the impact of wild hogs on native species varies depending on the location, but it’s clear that wild hogs have a significant impact on native species and it’s necessary to control the population to protect the endangered species and other native species, and to preserve the natural heritage of the United States.

As I ventured deeper into the heart of the American wilderness, I couldn’t help but notice the telltale signs of destruction. Ragged holes in the ground, torn up plants and crops, and the unmistakable tracks of wild hogs. These feral beasts, once domesticated and raised for food, have now run wild, wreaking havoc on the delicate balance of ecosystems and pushing native species to the brink of extinction.

The wild hogs have been identified as a significant threat to many species of animals. In California, the wild hogs have been identified as a significant threat to the California red-legged frog (Rana draytonii), a species that is nearly extinct. Similarly, in Texas, wild hogs have been identified as a major contributor to the decline of the Houston toad (Anaxyrus houstonensis), a state-listed endangered species. They also have a severe impact on ground-nesting birds, turtles, and small mammals.

In addition, wild hogs are known to compete with white-tailed deer, pronghorn and elk. This competition can result in reduced populations of these native species.

As I watched the wild hogs roam, my emotions were a mixture of sadness and frustration. These creatures, once domesticated for food, now run wild, causing destruction and putting native species at risk. The wild hog problem is not just an agricultural issue, but a conservation one as well. Farmers and ranchers, who already have a tough time making a living, now have to deal with this added threat. They spend countless hours and resources trying to keep these hogs away, from building fences to hiring hunters to thin the population. It is clear that this is a complex issue that requires much more attention.

Here are a few ways you can protect your land from Feral Hogs:
 

 

  • Strong fencing can be used to keep wild hogs out of crops and other areas where they cause damage. This can include using electric fencing or high-tensile fencing. This is an effective way to protect your land and prevent damage caused by wild hogs.
  • Trapping: Trapping is another effective way to control wild hog populations. This can include using traps such as Pig Brig Hog Traps, cage traps or foot snares. This method is useful for capturing individual hogs, or small groups of hogs, which can then be removed from the population.
  • Repellents: Certain repellents can be used to deter wild hogs from specific areas. These can include commercial products or homemade solutions such as hot pepper spray. This method can help keep wild hogs away from certain areas, preventing damage and reducing the need for hunting or trapping.
  • Sterilization: Sterilization programs can be used to control wild hog populations by preventing them from reproducing. This can include using birth control methods or surgically sterilizing wild hogs. This method can be effective in controlling population growth and reducing the overall number of wild hogs.
  • Hunting: One of the most common ways to control wild hog populations is through hunting. This can be done on private property or with the permission of the landowner. This method is useful for removing large numbers of wild hogs from the population and can be done by professional hunters or by individuals.
  • Attractants: Attractants can be used to lure wild hogs into traps or specific areas where they can be hunted or trapped. This can include using food or other scents. This method can be useful for attracting wild hogs to specific areas where they can be captured or hunted.
  • Aerial hunting: Aerial hunting can be used to control wild hog populations in large, remote areas. This can include using helicopters or fixed-wing aircraft to spot and hunt wild hogs. This method can be effective in large, remote areas where wild hogs are difficult to access.
  • Professional hunting: Professional hunting companies such as Prone Outfitters can provide services to control wild hog populations on private property or public land. This method is useful for controlling wild hog populations on large properties or in remote areas.
  • Disease management: Certain diseases can be used to control wild hog populations. This can include using disease-free wild hogs for hunting or using disease-causing agents to control wild hog populations. This method can be effective in controlling wild hog populations by reducing their numbers through disease.
  • Habitat modification: Modifying the habitat can make it less suitable for wild hogs. This can include removing food sources or creating barriers to access. This method can be effective in reducing the number of wild hogs in an area by making it less suitable for them to live.

WILD HOG RESOURCES

 

  • Wild hogs are known to cause extensive damage to agricultural lands, with estimated losses ranging from $1.5 billion to $2.5 billion annually in the United States alone. (Source: USDA)
  • The rooting behavior of wild hogs can lead to soil erosion, which can cause significant damage to wetlands and other sensitive habitats. (Source: Texas Parks and Wildlife Department)
  • Wild hogs are known to eat a wide range of plants, including crops, leading to significant economic losses for farmers and ranchers. (Source: National Wild Turkey Federation)
  • Wild hogs can also pose a threat to native wildlife by competing for food and habitat. (Source: Georgia Department of Natural Resources)
  • Wild hogs can also be carriers of diseases such as pseudorabies, swine brucellosis, and leptospirosis which can be transmitted to other wildlife, domestic animals, and even humans. (Source: Centers for Disease Control and Prevention)
  • Wild hogs can also cause damage to infrastructure such as roads, levees, and other public property. (Source: Texas Animal Damage Management Service)
  • The USDA has a wild hog Eradication and Control Program that provides cost-share assistance to States and Tribal Nations for wild hog damage management. (Source: USDA)
  • The National Wild Turkey Federation also have a program that provides resources and assistance for landowners dealing with wild hog damage (Source: National Wild Turkey Federation)
  • Some states also have their own programs and resources to help with wild hog management. (Source: Texas Animal Damage Management Service)
  • For more information on wild hog management, you can visit the USDA website, the National Wild Turkey Federation website, and your state’s wildlife agency website.

 

 

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Understanding the Differences: Mineral Rights vs Timber Rights

Jack had always dreamed of owning his own piece of timberland land. He searched and searched tirelessly until he found a property that had large stands of natural regrowth, which was perfect for Jack. Unbeknownst to the owner of the timberland which was a land investment company, a neighbor had just discovered natural gas on his property. In all likelihood, he was going to have natural gas on his land also since the neighbor did.  The contract stated that the mineral rights were being transferred along with the land, so John signed the contract without hesitation and paid for the land.

However, after a few weeks, John received a notice from a logging company that they would be cutting down trees on his property. He was surprised, not to mention outraged. To his dismay, he realized that the contract stated that he was buying the rights to harvest the timber on the land, not the mineral rights.

Feeling misled and frustrated, John tried to get out of the contract, but the seller refused to budge. In the end, John was forced to watch as the logging company clear-cut the forest, leaving him cutover worth 20% of the original market value.

John could have used a land agent and he would have land with the trees he dreamed of.

One of the most important distinctions to make is between mineral rights and timber rights. These rights refer to the ownership of specific natural resources found on a piece of property and are separate from surface rights.

Mineral rights refer to the ownership of minerals, such as coal, oil, and gas, found underground on a piece of property. These resources are valuable as they are used to generate energy for homes and businesses.

When a landowner retains mineral rights in the contract for the sale of the land, they have the right to extract and sell these minerals separately from the surface rights. The landowner also has the right to access the land to extract the minerals.

I have often been asked during land purchase negotiations if timber transfer with mineral rights. Let’s take a look in case you have any confusion what transfers with mineral rights if it is not negotiated for the property owner to keep them in the purchase contract.

Mineral rights refer to the ownership of minerals, such as coal, oil, and gas, found underground on a piece of property. These resources are valuable as they are used to generate energy for homes and businesses. When a landowner retains mineral rights in the contract for the sale of the land, they have the right to extract and sell these minerals separately from the surface rights. The landowner also has the right to access the land to extract the minerals.

On the other hand, timber rights refer to the ownership of trees that are found on the surface of a piece of property. Once the timber is severed from the land, it becomes personal property. These trees can include hardwood and softwood trees, and they are often used for building, furniture making, and paper production. Like mineral rights, these rights can also be bought and sold separately from the surface rights, and the owner of the timber rights has the right to cut down and sell any trees found on the property.

Surface rights refer to the rights to use and develop the land above the ground, such as building structures and using the land for agriculture or recreation. Subsurface rights, on the other hand, refer to the rights to extract and use the minerals, oil, and gas found beneath the surface of the land. These rights can be held by different individuals or entities, and they can be bought and sold separately.

Timber rights can fall into either surface or subsurface rights depending. In some cases, timber rights are considered as a part of the surface rights and the owner of the land has the right to cut down and sell the trees found on the property. However, in other cases, timber rights may be separated from the surface rights and sold or leased separately. This means the person who owns the surface rights may not have the right to cut down or sell the trees on the property.

In some cases, the same person may own both the surface rights and the mineral rights or timber rights. However, it is also possible for these rights to be owned by different people or entities. This can lead to confusion as the rights to extract and sell the minerals or timber may be held by someone other than the surface rights owner.

When it comes to conveyancing (transferring ownership of a property), it’s essential to carefully consider both mineral rights and timber rights. The transfer of ownership must include not only the surface rights but also any mineral or timber rights that may be associated with it. Failure to include these rights in the conveyance can lead to disputes and legal issues down the line.

 

Having a land agent can be extremely beneficial when it comes to purchasing land. Here are a few ways in which a land agent can help:

  1. Knowledge of the market: A land agent will have a thorough understanding of the local real estate market, including current prices, trends, and potential pitfalls. This knowledge can help ensure that you are getting a fair price for the land you are buying.
  2. Expertise in land use: A land agent will be familiar with the different types of land use and zoning laws in the area. This can help you understand the potential uses of the land you are buying, and ensure that it is zoned for the use you have in mind.
  3. Network of contacts: Land agents often have a wide network of contacts, including other land agents, real estate lawyers, surveyors, and environmental consultants. This can be extremely helpful in navigating the complexities of buying land.
  4. Help with due diligence: A land agent can help you conduct the necessary due diligence to ensure that the land you are buying is free from any issues or encumbrances. This can include things like checking for easements, boundaries, and zoning.
  5. Saving time: Land agents have the knowledge and experience to filter through the numerous properties available in the market and can save you time and energy by only showing you the properties that fit your specific needs and budget.
  6. Negotiations: Land agents have the experience and knowledge to negotiate on your behalf to ensure that you get the best deal possible.

In short, having a land agent can be extremely beneficial when it comes to buying land, as they can help you navigate the complexities of the process, ensure that you are getting a fair price, and help you find the perfect piece of land for your needs.

 

 

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