Ranch Land, Herd Size, Drought and Water Rights


Ranch Land, Herd Size, Drought, Ground Water, and Water Rights 

Irrigated Farm Land, Cattle Ranches with Water Rights listed and sold here.Much of Nevada land is public owned lands. Nevada has the most public lands in the continental United States, much of it is managed by the BLM or Bureau of Land Management. Water Rights on Ranch land in Nevada is our most precious resource.

Many Nevada Ranches have BLM range land leases for grazing livestock. For instance, you can own 1000 acres and have grazing access to 40,000 acres through these lease arrangements. There are a few important considerations when shopping the ranch land market and leases. Are the water rights owned, is the land contiguous to the leases?

Range land condition and shared occupancy matter also. Are there wild horses on the ranges? While wild horses are beautiful and an American heritage, they can be very hard on the range land and compete with livestock for the food and water resources on the range land.

Water and drought are coming to the forefront in terms of farm and ranch land purchase considerations. Cattle herds are being sold off today due to lack of water and feed in much of the United States. This will lead to a shrinking supply of beef at your grocery store and of course higher prices.

Alfalfa hay supply is in very tight demand with rising prices. Relative to world population arable farm land continues to shrink.

Today it is not just drought that worries farmers and ranchers, ground water aquifers have begun to come into question. Falling ground water tables and regulations coming out of Washington DC’s EPA  are making some farm land useless. Investing in farm and ranch land continues to be a focus of some of Wall Street’s brightest investors.

Just as mineral rights are important to mining and oil companies, water rights are paramount to farmers and ranchers. However, if there are no minerals or water in the ground, rights matter not.

This area of real estate is specialized; it requires a special set of skills and market market knowledge. Issues like critical water shortages, range land quality, AUM regulation, basin allocation, water table stability, etc.

If you are interested in investing in farm or ranch land or you are considering a career in agriculture, you must be prepared. I will be happy to help you understand the important questions you need to be asking.

Chris W. Miller

Independence Realty
435-862-5951
702-733-9337

Nevada Water Rights

Land in Nevada

Nevada Ranch Properties

Lincoln County Land Market

Mesquite NV Real Estate Market

Advertisements

World Food Shortages, Food Inflation, Shrinking Arable Farm Land, Water Shortages, and Water Rights


Leading the way to higher food production utilizing less water and energy is a lofty goal to feed the increasingly hungry world. As the population expands demand will increase. Energy and fresh water use are both exponentially becoming critical to humanities ability to not only survive but save our planet.

 

Food production requires both energy and water. Quality food production without growth hormones, pesticides, and many other types of toxins has become high priority for many consumers. Look at Whole Foods success and the organic food craze. Who in the world would not choose a healthier diet given the opportunity?

So how do we get from old traditional farming techniques to a more efficient, productive, resource conserving food producing world? Can the free market with innovation and capitalism driven by consumer demand really make the numbers work? New innovative irrigation technology has made huge strides in recent years in both production and water consumption. We all know the government spending our money, picking winners and losers is not the answer, it up to you and me.

 

From the beginning of cultivation and farming, they have lived and died by the fickle and unpredictable weather, praying for rain, cursing floods and drought. Weather affects crops to the extreme. Our world weather patterns are becoming increasingly unpredictable. You can not argue with the statistics, the ice caps are melting and the last ten years have had record warm temperatures. Drought currently grips much of the world. The weather has the potential to put world food supplies at extremely vulnerable levels in the near future.

Drought and flooding today is having a dramatic affect on food production in Europe, China, Africa, America, and Russia

As the wealth effect spreads throughout the emerging markets, protein is in increasingly higher demand. This is not a fad; China and India are demanding more beef, pork, dairy, and poultry. These countries consist of billions of consumers; all who would like to eat more like Americans, less rice! The middle class in these countries is exploding and they now have the discretionary income to demand higher quality foods. China has 20 percent of the world’s population and only 7 percent of the arable farm land. They have a serious problem with drought right now compounding their dilemma.

At the same time the aquifers of the world are dropping. Much of the world’s food production is not only subject to fickle weather patterns requiring the pumping ground water. This resource may be a far greater problem than peak oil. It is a combination of dwindling availability and contamination.

The average cow will drink 30 to 50 gallons of fresh water or a bath tub full per day, and eat up 90 pounds of feed. Hogs or pork production is not much different. Growing corn requires nearly 3000 gallons of water per bushel, Alfalfa requires about one acre foot per ton of hay, which is 325,851 gallons of fresh water per ton. These farm animals are the only source of the beef and pork the world demands. Cows are of course the primary source of dairy. All protein rich foods.

Speaking of the cattle, pork, and dairy industries, if you think you can keep antibiotics out of animals, dairy, and farming, you are dreaming. Prior to penicillin people regularly died from simple infections. You or some of the people you love would be dead today if you had been denied antibiotics.

So this brings us to the balance of the human food sources, fruits, vegetables, and grains. None of these grow without fresh water and good quality arable farm ground. Arable farm is a shrinking natural resource world wide. Aquifers world wide are dropping and irrigation pumping restrictions and reductions are becoming common in some of the most fertile and productive growing areas in the world.

 

The world will reward richly those who can produce quality food utilizing less water, less energy, and less land, or better yet turn today‘s unproductive lands into food producing regions.

Nevada has abundant affordable land, sunshine, and excellent solar intensity. Much of this land does not produce crops today. Can geothermal climate control coupled with solar, heat and cool green houses? Can hydroponics growing techniques reduce water consumption? Is it possible to eliminate the weather risk and seasonal limitations in farming by bringing farming indoors?

There are many ways you protect yourself and help solve the inevitable food and water shortages. Build your own greenhouse, get some egg laying chickens, get involved in your community gardening program or help develop one. Become educated about water consumption and use. Plant a garden. Move to a small farm .

If you are interested in the business opportunity utilizing affordable land to bring food production indoors in Nevada, call Chris W. Miller at 435-862-5951. We have the business plans, water rights, and the land.

Southern Nevada Water Authority, Las Vegas Water Shortage


Is Las Vegas Running out of Water? Southern Nevada Water Authority’s Water Problem    

May 26, 2010 I attended the Southern Nevada Certified Commercial Investment Managers (CCIM) Chapter monthly meeting at the Rio in Las Vegas. I went for one reason, the title and speaker,     

“How You May Be Impacted by Nevada’s Water Supply” presented by Pat Mulroy.    

Mrs. Mulroy is the general manager of Southern Nevada Water Authority.     

As a long time real estate professional who specializes in agricultural land with water rights in Nevada, I talk with Nevada’s farmers and ranchers’ everyday; I was shocked by the introduction.     

The lady introducing Mrs. Mulroy said about her, among other things,  how wonderful she is, how hard she works, how powerful she is, and then she said, “and something I’ll bet none of you know about her, She HATES COWS”.     

Nevada Water Rights
Dangerous Beasts

 

Mrs. Mulroy took the stage and went on to say “anything that dumb and big has to be dangerous” referring to cattle. The friendly crowd of men and women dressed in suits and ties laughed.     

I on the other hand, immediately took umbrage, and thought to myself, I wonder if this lady realizes where the food in the grocery store comes from.     

I took notes the whole time she talked.     

Her presentation seemed to me to be based on the fear factor.     

She talked about snow pack in Colorado this past winter being at 67% of normal. She talked about continuing drought conditions. She explained that Lake Mead is running an annual deficit of approximately 2.7 million acre feet this year. There are 8.2 million acre feet coming in and 10.9 million acre feet going out.     

Mrs. Mulroy explained the Lake Mead Water  level measurements with future projections.     

But first let me give you a little history, from 1939 to 2003 Lake Mead averaged 1173 foot elevation, the high water or maximum point for Lake Mead is 1229.     

Today Lake Mead stands at about 1094. Since the canyon narrows as it descends, the water level drops faster and faster as it is over drafted, so expect the drop to accelerate.     

Mrs. Mulroy explained that at the 1088 foot elevation level they could lose the upper intake for the water supply to Boulder City and 40% of Las Vegas’s supply.     

She said, “At 1050 Hoover Dam stops generating power and that the dam supplies all of the electricity to Overton Power and Lincoln County Power.”     

“At 1000 Vegas loses the lower intake that would literally cut off 90% of the water supply to Las Vegas and all of the water supply to Boulder City.”     

She stated that, Southern Nevada Water Association  uses approximately 9.5 million acre feet per year, (that sounds like ten times too much to me) and once Lake Mead goes below 1025 there are only 4 to 5 million acre feet of water left in the reservoir.     

She said the Lincoln and White Pine Counties pipeline will start construction in 2012 if the lake goes below 1075, period!     

What makes you think they will stop in White Pine and Lincoln Counties?     

Her facts can be verified at:  http://www.snwa.com/html/wr_resource_plan.html     

Pat Mulroy said “SNWA will be utilizing all the water rights it owns or controls in the Virgin River, which runs through Mesquite/Bunkerville and the Muddy River in Moapa/Overton”.     

Work has begun on a so called third straw.   It has been referred to as a bath tub drain.     

Michael Johnson, Virgin Valley Water District hydrologist, told me years ago the aquifer that runs under our Mesquite Valley travels under Lake Mead, could they tap into it?     

She said “the hyperbole (hyper exaggerations) coming from rural Nevadan’s about their water table concerns was childish.” She went on to say “the rural Nevada farmers and ranchers are being Pig Headed.”     

She referenced a recent USGS Basin and Range study that she claims shows plenty of extra water. I have not yet located any completed study; http://ut.water.usgs.gov/projects/greatbasin/     

When I asked, she said the reason for the huge draw down or overdraft, according to a recent NASA study in California’s Central Valley was the result of farmers irrigating and lack of government regulation. New space observations reveal that since October 2003, the aquifers for California’s primary agricultural region — the Central Valley — and its major mountain water source — the Sierra Nevada — have lost nearly enough water combined to fill Lake Mead, America’s largest reservoir.     

Finally for the record, she said “there are plenty of un-appropriated water rights in Nevada and the Snake Basin is next in her sights.”     

When I questioned her on that, she lashed out at me, “Do you have a better idea?”     

She appears to me to be dead set on tapping into and draining rural East Central and North Eastern Nevada, Western Utah and Southern Idaho’s aquifers to supply Las Vegas.     

They did it to Pahrump, Nevada     

She said” If I have to set up a cot in Harry Reid’s office, I will stay until I get a permanent chair”.  I did not know Harry passed out water rights.  That job belongs to the Nevada State Engineer.     

She said to watch for a favorable Moody’s Rating Agency report coming out that should help support project financing in Las Vegas. I wonder if Moody’s knows any thing about water. Remember the rating agencies said the Mortgage Backed Securities were safe and secure too.    

She mentioned desalination, but seemed to dismiss this as a nonviable option either in Mexico or California. Eventually this will be  the only answer, once the Nevada aquifers have been depleted. It is only a matter of time.      

She may be powerful, but based on her comments, attitude and general demeanor; clearly she is not as sharp as you would expect!     

That does not mean you should under estimate her ability or determination to get this done.     

You can learn more about me by searching “Irrigated Nevada farm and ranch land with water rights for sale” on any search engine.    Written By Chris W. Miller 435-862-5951    

  • Chris W. Miller
  • Independence Realty
  • 435-862-5951
  • Land in Nevada    

    Nevada Ranch Properties    

    Lincoln County Land Market    

    Nevada Water Rights    

    Mesquite Nevada Real Estate Market

    Land in Nevada with Water Rights, Irrigated Nevada Farm and Ranch Land


    Irrigated Land in Nevada with Water Rights

    The issues of population growth,  the future world shortages of food and water are not going away just because much of the worlds population chooses to ignore the facts. They actually think their food comes from the grocery store.

    Technology and genetics have and will continue to improve production. Technology is making huge contributions to irrigation efficiency, and will continue to improve. This aspect requires farmers to upgrade equipment. Expensive and for some farmers a nuisance, particularly if they are happy with what they are currently doing.

    Seed genetics and plant treatment technology has and will also continue to makes huge strides to add to productivity.

    These will not be enough to meet damand. Athough, since 1970, productivity has stayed ahead of demand. This will change in the years to come.

    We have a number of properties available for sale with water rights. Some of our properties are located in Southern Nevada.  Water rights are in high demand in Southern Nevada, between Coyote Springs, Toquop, the new power plant, and Las Vegas. Water could get real short in the not to distant future. Science shows the Colorado River is way over drafted and Vegas may have a problem with water shortages. Since Nevada water rights are considered appurtenances to the land, they can be sold with the land.

    Here are a few Nevada Farms and Cattle Ranches with Water Rights, and we have more:

    This Nevada farm land consists of 1000 acres deeded, plus a 33,979 acres BLM range allotment, the BLM ranger told me on a tour, “this is the finest quality range he manages”.   There are water rights to 13 springs, some on public lands. Two pivots irrigate 220 acres, at 5 tons per season it could produce roughly 1,100  tons of quality alfalfa per season. Current local market prices are around $130 per ton, which generates estimated gross income nearly $143,000  per season.  The 2120 AUM BLM summer range allotment allows for around 250 Head.                http://listings.realbird.com/VirtualTour.aspx?id=D7D5D7D4&rb-brand=1&fid=48063

    This Nevada farm land consists of 18 quarter section pivots, 2294 in water righted irrigation land. At 5 tons per season it could produce roughly 11,500 tons of quality alfalfa per season. Current local market prices are around $130 per ton, which generates estimated gross income nearly $1,500.000  per season.             http://listings.realbird.com/VirtualTour.aspx?id=D7D5D7D4&rb-brand=1&fid=20913

    This Nevada farm consists of 1920 acres, 1594.5  in water righted irrigation land. At 5 tons per season it could produce roughly 7,972 tons of quality alfalfa per season. Current local market prices are around $130 per ton, which generates estimated gross income nearly $1,364.425  per season.                                  http://listings.realbird.com/VirtualTour.aspx?id=D7D5D7D4&rb-brand=1&fid=36585

    This Nevada farm/ranch consists of approximately 520 acres deeded, Southern Nevada Ground water rights. The ranch is productive, raising quality alfalfa, at 5 tons per season it could produce roughly 2,500  tons of quality alfalfa per season. Current local market prices are around $130 per ton, which generates estimated gross income nearly $325,000 per season.  This ranch will be transition land in lifetimes.                     http://www.propertypanorama.com/tour.asp?id=101804

    This old homestead “estate sale” Nevada ranch has not been worked much in some years. Consisting of 266 acres, the property has an old well and I have been told functions. Possibly most important is the 821 acre feet of ground water rights. This ranch is located South of Panaca, Nevada, in Lincoln County. These  Southern Nevada ground Water rights have priority dates of 1947.  There are two BLM range leases, Panaca Cattle Company and BuckBoard, roughly 60AUMs.                      http://www.propertypanorama.com/101805 

    This a special Nevada ranch with water rights because of the location and lay of the land. The “Flatnose Spring/Deer Lodge Valley offers  620 acres, and approximately 3000 acre feet in certified Southern Nevada ground water rights. Plus Flatnose Spring surface water rights, the spring was measured in 2004 at 1,818 liters per minute. The ranch as a history of producing around 1500 tons per season of quality alfalfa per season. Current local market prices are around $130 per ton, which generates estimated gross income nearly $200,000 per season. The owner has been receiving two depredation Deer tags per year and sells them for $5,000 each, this year he has around 40 applicants, he is considering raising the price for the deer tags.                http://www.propertypanorama.com/101808 

    You can own Water Rights in Nevada. The Irrigated Land in Nevada can be leased back to farmer operators and provide return on your investment.

    For more information, give Chris a call 435-862-5951

    Chris W. Miller
    Independence Realty
    Las Vegas, NV 89123
    435-862-5951
    702-733-9337
    Land in Nevada

    Nevada Ranch Properties

    Lincoln County Land Market

    Mesquite Market

    chris@mesquitemarket.com

    Food, Water and Real World Issues, Copenhagen’s Missing Ingredient


    When the well runs dry

    Las Vegas depends on Lake Mead, the Colorado River for its water supply. So do the other six states that are parties to the  Colorado River Pact of 1922.   California grows much of the produce you eat.


    The Ogallala

    has been over drafted for the last 60 years and it will not last forever. From the North Plains District,
    The Ogallala Aquifer within the boundaries of the North Plains Groundwater Conservation District is declining at an average of 1.74 feet per year (1,082,631 acre ft).
       Could the well run dry and if so what next?

     
    Can they conserve and save it?
    The Memphis Alluvial  along the Mississippi River is being over drafted to the extreme in places, who would have thought this part of the country would have water issues.

    Washington State certainly gets plenty of rain how could they have water problems? Yet
    Washington State has an aquifer in trouble.

    While they argue about global warming at the Copenhagen Global Warming conference and the politicians figure out cap and tax, our ground water,
    our aquifers,
    are in trouble all over the country.

    Water rights in Nevada are owned as an appurtenance to the land.

    If you would like to learn more about Nevada Ranch land and Nevada’s Irrigated Farm land market,

    Chris W. Miller specializes in this area of the real estate business, this is a specialized Business.

    Dedicated Land Professionals with the Answers You Need.

    Nevada Land opportunities in Irrigated Farm and Ranch Land with Water Rights.

    Water Rights For Sale on Irrigated Nevada Farms and Ranch Land

    1200 Acre Ranch with Live springs and Water Rights

    4.5 sections, 17 Wells, 18 Pivots Irrigated Farm

    2000 Acres Irrigated, 10 Wells, Nice Nevada Farm Land

    1000 Deeded, 33,479 Acre Grazing Lease Cattle Ranch With Water Rights

    266 Acres, 821 Acre Feet of Ground Water Rights, BLM Grazing Leases

    These are a sampling of the types of Nevada Ranch properties available. For more information on Nevada Farm and Ranch Land Call Chris

     

    Chris W. Miller

    ERA Brokers Consolidated

    Mesquite NV 89027

    702- 346-7200

    435-862-5951

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties

    Southern Nevada Water Authority Pipeline Links


    For those of you interested in understanding some of the supply and demand issues around Water Rights in Nevada and the Colorado River Basin, as well as geo political wrangling, here are some links. If you would like own some Nevada Ground Water Rights, you need to call me, I have some very nice farm and ranch land listed with water rights.

    California Recruits Water-Saving ‘Heroes’ as Drought Drags On

    Experts offer grim water outlook for NV, CA

    Climate change to strain Colorado River

    Lake Mead, Key Water Source For Southwestern US, Could Be Dry By 2021

    Historic Colorado River Streamflows Reconstructed Back To 1490

    Welcome to “The New Normal”

    The Water Information Program

    Colorado River Interim Guidelines for
    Lower Basin Shortages and Coordinated Operations
    for Lakes Powell and Mead

    Current Colo. River Basin dry spell could be worst in 500 years

    Basin

    STUDY SHOWS CURRENT DROUGHT BAD BUT NOT THE WORST UNLV 2004

    Future Of Western U.S. Water Supply Threatened By Climate Change

    Climate Change Means Shortfalls In Colorado River Water Deliveries

    American West Heating Nearly Twice As Fast As Rest Of World, New Analysis Shows

    Colo. River pact updated

    PIPELINE PLANS: Judge kills water ruling

    ‘Owens Valley is the model of what to expect’

    Great Basin Water Network

     

    Nevada ruling could burst Las Vegas pumping plan

    As you can tell there is plenty of science and opinion involved in these discussions. One thing seems clear to me, we are using or soon will be using more water than we have available. The opportunity to purchase irrigated farm and ranch land is today. The chances this land with water rights is going to get any less expense in the seems very slim.

    Today’s Investors are buying water rights. Who is buying these Water Rights?

    Water Rights  laws and use are complicated, yet many parcels with water rights are available today, some at very reasonable prices.

     Chris W. Miller is a Nevada Farm and Ranch with Water Rights Specialist
    at ERA Brokers Consolidated Mesquite, Nevada

    702-346-7200 or 435-862-5951
    ERA Brokers Consolidated
    Mesquite NV 89027

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties

    City of Mesquite Spends $1,717,000 on Land With No Appraisal


    City of Mesquite Recently Purchased Land for New Library Mesquite Nevada Commercial Real Estate Market, information every investor should know. The City of Mesquite just closed on a prime parcel of land on Mesquite Blvd to build a new library.

    The City of Mesquite could use a nice new shiny library with all the bells and whistles. They paid $1,717,000 for 3.22 acres, that is 140,263 square feet or $12.24 per square foot. So much for the $20 a foot the market has been asking for years for Mesquite Blvd frontage.

    Reports are no appraisal was required by the buyer, the City of Mesquite.

    Who spends nearly two million tax dollars without the benefit of a professional opinion of value? I am surprised The City of Mesquite can even do that legally.

    There is one more commercial land sale to report in the past twelve months through MLS. It was a quarter acre sold for $92,500 or $8.85 a square foot, located on Hafen just south of the Maverik the gas station. This sale was nice street frontage and would have been used as a comparable in my opinion.

    Not only are the City of Mesquite elected officials out of control, so is the city manager, who played down any need for a professional second opinion of value.

     What the heck, it is just our tax dollars they are spending anyway, RIGHT?

    Chris W. Miller

    ERA Brokers Consolidated

    Mesquite NV  89027

    702- 346-7200

    435-862-5951

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties

    Judge Slaps State Engineer Over SNWA Pipeline Water Rights


    The temperature just went up in Las Vegas and it may get even drier. From this original ruling; Nevada’s State Engineer releases water right ruling on Cave, Dry Lake and Delamar Valleys.

    To the newest twist, in a recent ruling Nevada Judge Norman Robison ruled that State Engineer Tracy Taylor “abused his discretion” and “acted arbitrarily, capriciously and oppressively”

    This is big news for both sides of the proposed SNWA pipeline issue and it sounds like the Nevada Supreme Court will most likely get to hear this case.

    You can read the whole story at Las Vegas Review Journal and The Ely Times

    If you not planning to build a pipeline and would like to find a nice Nevada Farm or Cattle Ranch with water rights, we have few listed for sale. If you have one you are considering selling, Talk to Chris before listing it another broker, he knows his stuff.

    Land in Nevada with Water Rights is listed and available today Call Chris W. Miller at ERA Brokers Consolidated Mesquite, Nevada 702-346-7200 or 435-862-5951

    Chris W. Miller

    ERA Brokers Consolidated

    Mesquite NV 89027

    702- 346-7200

    435-862-5951

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties

    Water Rights Sale Inked


    Recent water rights sale transactions in Nevada includes 35 shares of Virgin River surface water. There are about 10 acre feet per share under the Virgin River Share arrangement in the Mesquite and Bunkerville irrigation system. 

    “In 1961 water shares in the valley were worth $14 per share and you were a damn fool to buy them” stated Cecil Leavitt, a Virgin Valley board director. He went on to say “Today they are worth more than the land”. 

    The final sale price for the 35 shares was $2,801,968 or about $80,056 per share. That translates to over $8000 per acre foot  for surface water rights. 

    The surface water is not currently used by the buyer of the rights, Virgin Valley Water District as drinking water. Construction of a water treatment plant to purify the water will be required for the local rate payers to see any beneficial use from the purchase. 

    There are few reasons the district would go ahead with the purchase now, except the fact that if they did not buy the shares now, Southern Nevada Water Authority might. Once they are owned and headed to Las Vegas they would never be available in the Virgin River Valley again. 

    This story will play out across Nevada over and over in the next few years. Basins are being closed to additional allocations, additional permits are being denied. What currently exists will only increase in value. Demand continues to grow from domestic growth to agricultural needs and uses. 

    Funny to hear “you would have to have been a damn fool to pay $14 a share in 1961, and it just sold for over $80,000 “. 

    While few had the foresight then, the future of water rights in Nevada seems very clear today. What do you think they will be saying in another twenty years? 

    Chris W. Miller is a Nevada Irrigated farm and ranch land specialist; most of his currently listed properties have water rights. Call Chris today for more information. Ref:Mesquite Local News Oct. 22, 2009

    Chris W. Miller

    ERA Brokers Consolidated

    Mesquite NV  89027

    702- 346-7200

    435-862-5951

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties

    Investing in Nevada Irrigated Farm and Ranch Land with Water Rights


    When most people think of farm land and ranch property, they think open ranges, hay fields, cattle and cowboys riding horses. 

    Wall Street seems like a far off place in another world. A fast paced place driven by profit and greed. 

    It is seems the classic contradiction, slower paced, straight talking, down to earth folks making their living off the land verses the Bernie Madoff and George Soros types. 

    Truth is, the story I am about to tell you just may be a little sad, because Wall Street is buying up the farm. Over the past few years investment power houses like BlackRock, and retirement plan giants like TIAA-CREF has been plowing money into farmland. In Nevada farm land generally means land with water rights, due to the arid climate. 

    These are smart people who are motivated by money and profit. 

    Here is the deal; the fundamentals are in place for a long term boom in prices for everything AG-related. Consider this; in 1960 there were 1.1 acres of arable farmland per person globally, according to data from the United Nations. By 2000 that number had fallen to .6 acres. Over the next 40 years the world population is projected to grow from 6 billion to 9 billion. 

    According to Joachim von Braun, director general of the International Food Policy Research Institute, “Land is scarce and will become scarcer as the world has to double food output to satisfy increased demand by 2050”. “With limited land and water resources, this will automatically lead to increased valuations of productive land.” Von Braun goes on to say, “It goes hand in hand water, Water scarcity will probably increase even more than land.” 

    Water in Nevada is today in short supply and clearly demand will outpace supply as they continue to close basins to new permits. Water rights in Nevada have another issue facing the dwindling supply, the demographic shift of the baby boomers to the more tax favorable warmer climate. Choices, decisions, are being made today, do we use the water for agriculture and food production, or do we pipe to Las Vegas for culinary use. 

    Farmers and ranchers want to stay in the business, but millions of dollars waved under their noses make it tough to say no to the sale. Many will stay on and lease to continue to live the lifestyle they love. These lease payments are cash flow on the investments. Could it be a win-win situation? 

    Commodities guru Jim Rogers says, “I’m convinced that farmland is going to be one of the best investments of our time.” 

    Meanwhile, B.L. Harris, acting director of the Texas Water Resource Institute, knows well the problems of the Ogallala system. “The one big issue with regard to the Ogallala is the fact that the annual recharge is much, much lower than the extraction rate that we are putting on the aquifer at the present time. The aquifer is over-drafted to a substantial extent.” The Ogallala is one of the world’s largest aquifers covering 174,000 square miles; it runs from South Dakota to Texas. Some estimates say it will dry up in as little as 25 years. 

    Farmers are smart and they talk, they may wear overalls and talk funny, but farming is older than Wall Street. Water and food are the sources of life for the planet, demand is guaranteed to grow. There are few guarantees on Wall Street. Farming is a difficult business, but it is a fine tuned machine, executed right it is a profit opportunity. 

    Chris W. Miller is Nevada irrigated farm and ranch land specialist with ERA Brokers Consolidated. Chris has Nevada farms as small as 266 acres with ground water rights, to Nevada cattle ranches as large as 34,000 acres including rangeland leases, listed and available for sale. For information about Nevada farm and ranch land with water rights call Chris today 702-346-7200 or 435-862-5951

    Chris W. Miller

    ERA Brokers Consolidated

    Mesquite NV  89027

    702- 346-7200

    435-862-5951

    Mesquite Market

    chris@mesquitemarket.com

    Lincoln County Land Market

    Nevada Ranch Properties