The temperature just went up in Las Vegas and it may get even drier.
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
If you not planning to build a pipeline and would like to find an nice Nevada Farm or Cattle Ranch with water rights, we have few listed for sale.
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
Monday, November 2, 2009
Saturday, October 31, 2009
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
"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
Friday, October 30, 2009
Diamond Springs Ranch Selling with all existing ground and surface water rights.
Approximately 1000 Acres Deeded Land
Turn key cattle ranch operation, two irrigation pivots in alfalfa, 33,479 acre BLM allotment with 2120 AUMs good for 250 head summer range. Surface and ground water rights owned multiple ponds and stock tanks, hay barn, calving barn, heated shop, equipment storage. Includes all the existing farming equipment and tools. Quality Nevada agricultural land.
Artesian springs and recently drilled wells provide abundant water supply for irrigation and animals.
Map the Ranch
The ranch has three homes ready to move in. This is a first class clean operation, being sacrificed at $2,900,000.
For your private showing contact,
Chris W. Miller
ERA Brokers Consolidated
435-862-5951
702-346-7200
Mesquite Market
Lincoln County Land Market
Nevada Ranch Properties
Nevada Cloud Seeding Program Cut
The State of Nevada just got a little drier, which is tough news for many since it is already the most arid state in the nation.
The $550,000 cloud seeding program that produces as much as 65,000 acre feet of additional precipitation annually has been cut from the state budget. That is about enough water to supply 130,000 households per year.
The real pain will be felt by the rangelands, farmers, and wildlife who will suffer from less water. The Cattlemen's association, Nevada Farm Bureau, and Elko County Commission have urged law makers to save the program.
On average Nevada receives about 9.5 inches in annual precipitation. The decision is also at odds with current weather pattern, as Nevada is suffering from drought conditions already.
Hay farmers will benefit as a result of less grassy rangelands, farmers will be forced to buy more hay. The hay farmers deserve a break this year anyway.
Irrigated farm land with water rights will benefit. Many basins are closed to additional allocations for ground water permits. The supply side of this irrigated land, our food chain supply land will see huge increases in value as time goes on.
Demand for water in Nevada goes well beyond agriculture in much of Nevada. Future population shift projections threaten to eventually strain the supply to the breaking point.
I currently have numerous parcels of irrigated land for sale with ground water rights. While agents across the nation tell their clients to lower the prices on all types of properties from residential properties to commercial centers, I am advising that it may time raise the price of irrigated farm land with water rights in Nevada.
Chris W. Miller
Office 702- 346-7200
Cell 435-862-5951
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
Land and Water Rights in Nevada
Interested in the future of Real Estate development and agribusiness in Nevada?
Look closely at the water supply. Look closely at the water rights for sale.
Southern Nevada Water Authority is planning a 327 mile pipeline to bring more water to the Las Vegas Valley at a cost of 3.5 billion dollars. This fact alone should tell you something about the available supply.
Whether it is climate change, normal drought, or increased demand, the future for water's value has only one way to go. One thing is certain, we can not live with out it. Water rights in Nevada and the Southwest in general are going to be in the news more and more as demand strains supply.
Some say water will be more valuable than oil to future generations. At the most basic level it already is.
Nevada Water Resources is sponsoring a dinner September 22, 2009, "Water Crisis in California: Challenges Faced by Metropolitan Water District to Adapt to Long-term Water Curtailments".
The term "prior appropriation" when it comes to water rights in Nevada could become very meaningful to those who may be asked to turn off the pumps. The State Engineers Office states it this way;
Nevada's first water statute was enacted in 1866 and has been amended many times since then. Today, the law serves the people of Nevada by managing the state's valuable water resources in a fair and equitable manner. Nevada water law has the flexibility to accommodate new and growing uses of water in Nevada while protecting those who have used the water in the past.
Nevada water law is based on two fundamental concepts: prior appropriation and beneficial use. Prior appropriation (also known as "first in time, first in right") allows for the orderly use of the state's water resources by granting priority to senior water rights. This concept ensures the senior uses are protected, even as new uses for water are allocated.
Irrigated Farm Land and Ranching operations in Nevada generally own their water rights. Farm and Ranch properties like Diamond Springs Ranch, Flatnose Ranch, Adams Peak, Eden Valley, and others like the 266 Acre Farm in Lincoln County are all opportunities to own water rights.
Areas of the state that are projected to experience explosive growth in the future in Lincoln County Nevada, often referred to as transition land.
If you would like to learn more about Nevada land for sale with water rights, I am here to serve you.
Please call Chris W. Miller at ERA Brokers Consolidated 435-862-5951 or702-346-7200
Chris W. Miller
Office 702- 346-7200
Cell 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 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 with 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
Office 702- 346-7200
Cell 435-862-5951
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
Wall Street seems like a far off place in another world. A fast paced place driven by profit and greed.
It 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 with 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
Office 702- 346-7200
Cell 435-862-5951
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
Wednesday, October 28, 2009
Land, Food, Agriculture, and Water Rights in Nevada
Fortune magazine, June 22, 2009 issue has a good article on “Why Farm Land is Hot”. Why ETF’s are investing today for the long haul on the food and water shortages in our future. From 1960 to 2000 the world went from over one acre of arable land per person to just over a half acre of arable land per person.
Growing populations and the shrinking supply of arable land will be a key focus of humanity as millions starve in the not too distant future. Water in many locations is the key to food production.
Water rights in Nevada are our most valuable resource. Irrigated agricultural land is available and the prices are increasing. Many basins in Nevada are closed to any future additional water rights; the supply side is very limited and will not increase. While demand continues to grow, with or without future housing developments.
We have cattle ranches with live springs filling stock tanks to water the cattle, and the ranch owns those water rights. We have sections of land with irrigation pivots watering grains like wheat and barley, as well as potatoes, and alfalfa. These irrigation pivots are fed from wells on the land and the farmers own those water rights.
Many farmers are willing to pay handsome lease payments to farm this ground, offering good rates of return to investors. You can own a half full strip mall with falling rents and potential future higher vacancy rates, or farm land with water rights.
If you have the means and are still not sure of the future demand, check out what the executives from some the nation’s largest agricultural companies have to say about the future demand.
Chris W. Miller
Office 702- 346-7200
Cell 435-862-5951
Mesquite Market
chris@mesquitemarket.com
Lincoln County Land Market
Nevada Ranch Properties
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