Monthly Archives: February 2018
Fly fishing is one of the most popular outdoor pursuits in the United States, and its popularity is showing no signs of slowing down anytime soon. Avid fishers travel all across the states to get away from city life and catch that prize fish they have always dreamed of. For many people, a couple of visits a year is enough of a fix for them, but for others, they dream of spending the rest of their lives on the water.
Owning a ranch can make the dream become a reality, as many ranches are on or near rivers or lakes. However, this isn’t enough for some fishers who want the water to themselves, and that is why they look for a ranch with well-stocked waters on the property. These types of ranches are very popular for investors, as there are many benefits to owning your own fly fishing ranch.
Good for Your Health
Just do a quick search for“fly fishing in the USA” and try not to feel relaxed. The sport really gives you the opportunity to enjoy an energetic activity surrounded by fantastic scenery. Just sending all that time in the open is good for the lungs, body, and your mood in general, with many fly fishers saying they do it for the exercise and to unwind.
Every time you hit the water, you will get a solid workout while having the time to thoroughly disconnect from everyday responsibilities. Understandably, this helps people relax and recover from any stress they have been under.
Having a ranch with large bodies of water running through it offers almost unlimited scope for investment. Well-stocked ponds, lakes, and wild fisheries attract high-spending clientele from all over the United States. Therefore, providing exclusive fly fishing retreats or operating as a private sports club will bring in sustainable income. If the ranch also has access to trophy hunting, it has the potential to generate revenue throughout the year.
Purchasing a property with opportunities to expand the fishable waters is also an option for those looking to increase the resale value. Improving or cleaning up creeks and streams throughout the property gives nature the chance to take its course and will increase the overall stock of fish on the property.
Helping Sustain the Rich Diversity of the Waterways
In addition, having a ranch with water rights and the potential to get involved in habitat conservation programs can lead to becoming a leading fishery while also gaining generous tax credits. There are numerous Federal and State Conservation programs designed to improve the stocks of many fisheries across the country. As a ranch owner, playing an active role in the maintenance of the land and waters in the ranch can have added benefits to myriad ecosystems, the surrounding area, and other species as well.
Living the Dream
This article mentioned just a few of the benefits that owning a fly fishing ranch could offer, so whether you are looking for an investment opportunity or a place to escape to, there are many exciting possibilities throughout the country.
Recreational ranches have grown in popularity over the years, attracting families, friends, schools, and corporate groups. They can be used for a wide variety of purposes and provide people with the perfect escape from the busy life of the cities.
Buying a ranch can be a complicated process and involves gathering a lot of data. With that in mind, we have prepared some large recreational ranch buying tips to help you during the initial planning stage.
Have a Clear Vision
Is the property going to be a getaway for you and your family, or are you planning to turn it into a sports club? Different properties have unique attributes which are well-suited to particular activities such as big game hunting, farming, fly fishing, and horseback riding. For example, having a property with big game hunting tags will attract big-spending hunters from all over the United States.
What Can You Do
Once you have an idea about the use of the ranch property, you need to search for sites where you will be able to do these things. Understanding zoning regulations will be vitally important if you are planning to build lodgings or barns, as well as if you are planning to change the original purpose of the land. You also need to be aware of any rules regarding conservation and water rights, as some parts of the property might be exempt from development.
Having landowner tags is also a very lucrative commodity if you are planning to operate a hunting lodge, but the specific rules vary from state to state.
Location, Location, Location
No matter whether you are planning to use the ranch as a private or commercial retreat location will be vitally important and affect the buying price. More remote sites are likely to be cheaper, but they will be harder to get to. Therefore, try to be realistic about how much you and your potential guests are prepared to travel, and how cut off you are willing to be from civilization.
Look at how far the nearest townships and airports are from your front door, as well as the quality of the local road infrastructure. Also, search for local amenities and attractions for days off the ranch, such as ski resorts and national parks. All of these things can add value to the property and attract more guests.
Type of Property
When drawing up a potential list of properties, you have to consider whether the property is turnkey or not. A turnkey property will already have existing lodging and on-site facilities, so you will be able to hit the ground running. However, former farming ranches or sites that haven’t been fully developed may require a considerable outlay in addition to the purchasing price. The type of property will have an impact on price, so which property will be ideal for you will depend on your vision for the property.
These are just a few of the things to consider, so it is well worth speaking to an experienced broker about your requirements before wasting unnecessary time and effort.
The Wild West has captivated the American people for a long time, with people either looking to start a new life or taking some much-deserved downtime. And ranching has played an integral role in the daily life of the West since the first pioneers headed out this way.
Anyone who has spent any time in the great outdoors is likely to have fallen in love with a particular spot and decided that it is the place for them. But before rushing into any decisions, get to know the unique qualities of the area, which may aid or hinder a successful cattle ranch operation. We have prepared a few tips for buying your first cattle ranch to help you avoid some of the mistakes others have made.
Don’t Leave Your Heart In Charge
The thought of moving out West is one of the most mesmerizing images associated with the United States and one that has been inspiring people for generations. However, people often underestimate the cost and hard work involved in running a cattle ranch. If you are not planning to live on the ranch, then you will need to hire a ranch manager and support team, and even if you do decide to live on site, you will need help during the busier seasons. Unexpected costs are never far away, as equipment breaks down, and repairs need to be made after storms.
Get To Know the Market
Cattle are a prized commodity in the United States, capable of bringing in significant financial gains, but as with all commodities, these gains can quite quickly become losses, which affects the overall price of the property.
Before looking at investment opportunities, it is well worth spending some time going over the figures and also spending some time in a ranching community. Talking to experienced ranchers will give you a realistic overview of potential yields.
How Has the Weather Been Lately?
This may seem unimportant, but it is vital that you get to know about the local weather systems and historical weather data before purchasing a site. Flooding, drought, and damage caused by storms can create extra expenses that may ruin your chances of a good harvest.
Read the Small Print
The value of the property can be influenced by many factors, so it is crucial that you understand the lay of the land. State legislation on zoning and conservation can have an impact on the operations you can run onsite. Mineral and water rights can have an effect on the price of the land and of successful operations when it comes to irrigating the land and setting up pasture lands.
Learning about the local habitat is also vitally important. There may be parts of the property set aside for conservation, while there may be a diverse range of big game and fish onsite. These properties may have licenses for fishing and big game hunting, which can be an additional source of income for ranch owners. However, any diversification has to be balanced with creating the optimum conditions for the cattle.
Buying a cattle ranch is a dream come true for many people, but it is essential to look at all the details and speak to experts before diving in.
The Rocky Mountains are symbolic of the great American West and have long been an integral part of the lives of the people who have been drawn here. The waters that come down from the mountains feed rivers, streams, and creeks, which in turn helps provide water for the diverse flora and fauna.
This backdrop attracts many prospective ranchers and old hands alike, with ranch properties in Colorado, Montana, Wyoming, New Mexico, and Utah being much sought after. However, finding the perfect Rocky Mountain Ranch requires doing some homework before getting out the checkbook.
What is the Purpose?
You need to ask yourself this question before starting your search so that you don’t waste time looking at ranches that are not ideal for you. Are you looking for a retreat, or do you want to spend your time working the land? Do you plan to do the work yourself or put ranch management in place? All of these are areas that need to be considered before contacting a ranch broker.
For first-time ranchers, a small, well-run ranch will be ideal, as a large site will likely be far too much work. Trophy hunters will want a ranch that supports a diverse range of game, something the Rocky Mountains are famous for. Regarding hunting, the Burro Mesa Ranch in Trinidad, Colorado comes highly recommended due to its outstanding habitat suitable for harvesting deer and elk.
Alternatively, if you are a lover of the outdoors and see buying a ranch as a way to generate revenue, then consider running a sports club or ranch resort. For these to be successful, you need to be in an area that can offer recreational activities year-round. Many sites in Colorado are good for this due to the excellent infrastructure, abundant rivers, and world-class ski resorts. There are opportunities to host guests for skiing, hiking, rafting, fly-fishing, and myriad other activities.
Once you have thought about your ideal ranch location, you can start looking around for brokers. When you meet them, it is important to list your requirements and ask questions about the following areas:
- Water and Mineral Rights: Owning these rights can seriously enhance the value of a property and gives the owner scope to develop the land to meet their purpose, such as building new irrigation channels or creating fishing ponds.
- Conservation Easements: These vary from state-to-state and will limit some activities such as farming, depending on the terms of the agreement.
- State Zoning Legislation: If you are planning to develop a hunting club, you’ll need high-quality lodging. Some ranches will already have buildings onsite while others will require new ones.
- Access to the Property: This is important irrespective of why you are looking to buy a ranch. Luckily, the Rocky Mountainsregion has an excellent infrastructure, so you are never too far from a population center or airport.
- Past Pollution Problems in the Area: This is important to know, as it can limit the potential to harvest certain crops or develop fisheries.
- Flooding and Drainage: For specific crops and wetlands, flooding can be beneficial, but in some circumstances, it can be disastrous, so take the time to get to know the weather systems, snow melts, and the lay of the land before investing.
Many families live on a ranch for generations while others work a ranch for a specific financial goal. Whatever the reason, at some point the owners may consider selling the property to scale up their business, downsize, or to move out of the ranching industry altogether. Selling a ranch property is a complicated process and can take a considerable amount of time due to fluctuations in land prices and economic and environmental conditions.
When you have decided to sell your ranch, there are some steps you need to follow to ensure that the process is as stress-free as possible. Here are a few tips on how to sell a ranch so that you get the best possible return on your investment.
Call in the Experts
Valuing ranch property is complex, so it is vital that you get the property adequately appraised by a real estate expert who specializes in agricultural properties. They will be aware of issues in the sector such as zoning, water and soil quality, conservation, and yields, all of which will affect the overall value of the property.
Be aware that prices fluctuate, so it is imperative that you get an accurate price related to current economic conditions.
Emphasize What Makes Your Ranch Great
When you are ready to list your property, make sure you emphasize the strengths of your property regarding the lay of the land, hunting opportunities, and cattle raising features. Making sure that you use high-quality photos and informative listings is crucial to getting the attention of possible buyers. A broker who specializes in selling ranches is best suited for marketing your property and handling the complexity of ranch transactions.
Understand the Tax Implications of the Sale
Taxation can be a very complicated area when looking at selling ranch properties, so getting a tax expert in will help you negotiate this minefield. Ranch properties are subject to different taxes than regular residential properties, and if you make a profit on the original purchase price, you’ll also be subject to capital gains tax.
Make Sure the Property Is Ready for Viewing
First impressions count more than most in the ranch business. If buyers see a well-maintained ranch with sparkling surface water, they will be more likely to invest. Overgrown fields, hedges, and damaged fences are sure to put investors off before they even get through the front door. So even if you don’t spend much time on-site, it is worth visiting the site and attending to any maintenance jobs that are required.
This might seem a strange tip for a blog about selling a ranch, but for some families looking to downsize, leasing the land is a viable option.
Many ranchers have successfully been able to downsize their operations by leasing out pasture land or areas adjoining ski resorts to other ranch owners or business people. It helps to reduce the workload while bringing in a regular stream of income, leaving you time to enjoy the things you like best.
Modern city living is unpleasant with the population and traffic continually increasing while the cost of living continues to rise. It is no wonder more and more of us are feeling stressed and overwhelmed while going about our daily commutes and routines. Some people have already had enough and moved away, but this is not the reality for all of us due to family and work commitments.
There is, however, a solution that a large number of families have started considering, and that is following in the footsteps of our forefathers and heading out west. Buying a ranch gives you and your family the opportunity to break free from the drone of the city whenever the kids have holidays or if you just feel the need to get away. Escaping to your own western ranch retreat offers a respite, even if it is currently impossible to move out west full-time.
There are many advantages to owning your own ranch from an investment side, but there are also significant personal benefits.
Spending the summer on the ranch gives everyone in the family a chance to spend some quality time with one another, learning new skills together and enjoying the various recreational activities available in and around the area.
Being far away from the city will give your lungs ample oxygen to recover from the polluted air of the cities. Spending time in the great outdoors is extremely relaxing, which can reduce stress, and there are many jobs and activities that will get you in shape in no time.
Interacting with the local ecosystems is hard work but extremely rewarding. Just going for a long walk will reinvigorate you, while spending time with flora and fauna will give you a sense of pride.
Great for the Kids
There is so much to see and do on a ranch that it would be difficult for even the grumpiest teenager to be utterly bored. There are new skills to learn, and they can also be empowered to take responsibility for specific ranch tasks.
While owning a ranch is a great investment and can provide a considerable amount of joy for you and your family, there are also some potential pitfalls that a new rancher can fall into.
Always Work to be Done
A ranch is a big responsibility, and unexpected costs are likely to be incurred during the year. It is possible to get a ranch management team in to run the day-to-day, but you will still have to sign off on the expenses.
Different Way Of Life
Living on a ranch is a world away from the city life, which can be boring for some people. Depending on the location of the ranch, you might not see many other people. Teenagers might not be happy being away from social media and friends for the whole summer.
This is an important consideration but one that might get overlooked. You need to find a retreat that has useful transport links and is a realistic distance away, but this might have an impact on your overall budget. If your ranch is too much hassle to get to, your investment is likely to be wasted.
Not Understanding the Small Print
There are many things to consider, such as water and mineral rights, conservation policies, state zoning laws, easements, and tax issues, which new ranchers might not truly understand. Most of these issues are incredibly complex and easy to get confused by, which can lead to problems later.