Winter 2013

T e a m
TOM ALEXANDER
Publisher
Tom@LandsofAmerica.com
(512) 861-0559
LAURET JARVIS
Editor-in-Chief & Creative Director
Lauret@LandsofAmerica.com
(512) 402-7275
MADISON TAYLOR
Marketing & Production Manager
Madison@LandsofAmerica.com
(512) 831-4250
SYLVIA DANG
Graphic Designer
Sylvia@LandsofAmerica.com
(512) 263-5600
JAKE MASSENGALE
General Manager
Jake@LandsofAmerica.com
(512) 263-5600 ext 101
ALLEN SHANNON
General Manager
Allen@LandsofAmerica.com
(512) 263-5600 ext 102
(512) 263-5600
8121 Bee Caves Road | Suite 200 | Austin, Texas 78746
JASON ADAME
Sales-Territory Manager
Jason@LandsofAmerica.com
(512) 263-5600 ext 117
NICHOLE BUECHLER
Senior Operations Manager
Nichole@LandsofAmerica.com
(512) 263-5600 ext 103
ANDREW CAMPBELL
Sales Manager
Andrew@LandsofAmerica.com
(512) 263-5600 ext 112
ANTHONY CHAPPELLE
Territory Manager
Anthony@LandsofAmerica.com
(512) 263-5600 ext 111
BRANNON HIGHTOWER
Software Engineer
Brannon@LandsofAmerica.com
(512) 263-5600 ext 119
LISA INMAN
Territory Manager
Lisa@LandsofAmerica.com
(512) 263-5600 ext 118
KELLY LISH
Client Support Specialist
Kelly@LandsofAmerica.com
(512) 263-5600 ext 105
FRANK RODRIGUEZ
Partner Manager
Frank@LandsofAmerica.com
(512) 263-5600 ext 109
DANIEL SHORT
Lead Programmer
Dan@LandsofAmerica.com
(512) 263-5600 ext 104
ANDREW SHOWELL
Client Support Specialist
Andrew.Showell@LandsofAmerica.com
(512) 263-5600 ext 106
JUSTIN SIMONS
Territory Manager
Justin@LandsofAmerica.com
(512) 263-5600 ext 108
NICHOLAS VRABLE
Territory Manager
Nick@LandsofAmerica.com
(512) 263-5600 ext 115
4
W i n t e r 2 0 1 3

• Lasso Search
Introducing
LAND BUCK
the most advanced rural
land map search technology
• My Location with GPS
• Full Screen Expansion
• Share Search Results
And it's about to get even better!

Go with
the flow.
Why fight the urge to own your own ranch?
Call today. We are the clear choice for your ranch investment needs.
Texas-Landman.com • 28615 IH 10 W • BOERNE, TX • 830-755-5205

F e a t u r e R a n c h

F e a t u r e R a n c h

F e a t u r e R a n c h

in the sale of the
ranch. It sits under a
beautiful custom cactus shaped bronze chandelier. There are lots of windows that allow for plenty of
wildlife viewing from anywhere in the house. Deer and turkey wander daily through the landscaped and
manicured yard. Outside the house are a horseshoe pit and a fire pit for nice chilly evenings outside.
A sprinkler system is installed and takes care of all the lawn area and flowerbeds. Off the back porch
area is the swimming pool and heated spa. A pool house, cabana and bar area provide plenty of shade.
The home is equipped with a state of the art security and fire system that is monitored. The ranch
has a skeet range with high house and low house, a large lake with floating dock and pavilion stocked
with bass and other fish. There are an additional four tanks or ponds on the property and animals are
never far from a drink. The guest house is between the stocked lake and the skeet range. It has two
bedrooms and two full baths with a large living area and a small kitchen. There are also two caretaker
houses on the ranch. No ranch would be complete with a nice set of cattle working pens. They are pipe
pens and next to the pens is a large barn with rollup doors and equipment shed. This is a perfect ranch
for a large family or would make an ideal corporate retreat. The information contained herein has been
diligently assembled and is deemed reliable, but is not warranted by Broker or Seller, express
or implied, and is subject to change, prior sale, errors and/or omissions and withdrawal from
market. Buyers must verify accuracy of representations on their own, as well investigate
potentially pertinent natural attributes, laws and regulations, and draw their own conclusions
regrading the usefulness and value of the property for a given purpose. Viewing appointments
scheduled with KW Farm & Ranch, Rick Doak. SHOWN BY APPOINTMENT ONLY DO NOT
TRESPASS. Buyer”s broker must be identified on first contact, and must accompany buying
prospect on first showing to be allowed full fee participation. If this condition is not met, fee
participation will be at sole discretion of KW Farm & Ranch, Rick Doak, agent. Directions:
See map or call Rick Doak for directions and to schedule an appointment. To schedule a
showing call Rick Doak with KW Farm and Ranch at 361-243-1040. All showings must be
scheduled in advance. Price: $3,750,000
K e l l e r W i l l i a m s
F a r m & R a n c h G r o u p
www.KWFarmAndRanchGroup.com
Rick Doak/Agent
jrdoak@kw.com
(361) 243-1040
Houston | Austin | San Antonio

B U D D Y D AV I S
www.RainbowLakeEstate.net
buddavis@hctc.net
(830) 238-4535
(830) 377-4362
700 Rainbow Drive
Hunt, Texas 78024
Own your own island!
Truly a waterfront property. Every
cottage and the main lodge less than
100 feet from the lake!
Your own private and easily accessible “Paradise on Earth”

F e a t u r e R a n c h

lets me know that he hired a local attorney to help him out. So, I call up the
lawyer and tell him about my concerns. He said, “Dane, I had the exact same
feelings as you did. I just got off the phone with an attorney in Chicago, and
Dane, that guy can buy anything he wants and he will pay cash.” So for the
next three days, the guy sleeps in his van, parked in our office parking lot,
trying to get all of this done. It was right before Christmas and he wanted it
all done so he could go home for Christmas. He paid $3.7 million dollars in
cash, closed on all the properties and has never been seen or heard from again.
He never even stepped foot on any one of those properties. But, the moral
to that story is you cannot judge a book by its cover. That taught me a lesson
and because of it, I never doubt anyone.
What is the thing in life you are most proud of?
I am proud of my accomplishments and have come a long way from where
I started. I’ve been very blessed. But, the thing I am most proud of is
my daughters and the kind of young women they have turned out to be.
Although, I think I need to give my wife 99% of the credit for that because
it seemed like I was always working. But, I am real proud of what they have
turned out to be.
What is the strangest experience you have had showing a ranch?
That’s easy. I had a gentleman call me one day and wanted to see a ranch.
He called me the morning of the showing and told me he would just meet
me out at the ranch. I told him that would be fine, loaded up my Polaris,
my preferred method of showing a ranch, and headed out. I pulled up to the
property and sitting at the gate was a Cadillac Escalade. Which is normal, a
guy from Dallas wanting to buy a ranch, but when he got out, he had these
boots on, up to his knees, pants all tucked in and two six shooters on him,
two guns, John Wayne kind of stuff. I mean, that’s not normal, a little
strange. I walked up to him, handed him my card and apologized, “I am
sorry, I came a little unprepared. I only brought a knife to a gun fight.”
44
W i n t e r 2 0 1 3
He let me know that he was prepared for walking the ranch and that the guns
were loaded with snake shot. I let him know that yes, we do indeed have
snakes, but rarely see them and that we would be riding in the Polaris. As we
are riding the property, one of the guns falls out of the holster and lands on
the baseboard of the Polaris. I stopped, and we had a little discussion about
not wanting any accidents. The guns went back to the Escalade.
What do you think is the greatest benefit of owning land?
First of all, I think it is a good investment. Second, I think it something that
you can go and physically enjoy and get something out of it, unlike owning
cd’s or stocks or gold, something you can really go and utilize and appreciate.
Land has always been a pretty good investment. You know there’s that old
saying, “They’re not making any more of it.”
If you had to pick another career….any career…What would you do?
Probably something in wildlife. I think, I might be a game warden. Those
guys get to do all kinds of stuff and they have full jurisdiction. It’s not one of
those jobs you are going to get rich at either, but it sure isn’t boring.
What is your favorite thing about Texas?
My favorite thing about Texas is the history. This state has a tremendous
amount of history. Coming from that part of the state, where there are a lot
of really old and really big ranches, legendary ranches, you get to listen to the
old timers, talking about settling the land, dealing with drought and indians.
What is your idea of a perfect day on the ranch?
Just being able to be out there, watch and appreciate how everything works.
Witness a baby calf being born and just knowing he has to get up and nurse.
If you get the time to sit there and really watch how the animals, comingle
and work with the land. No phones, no computers, just quiet and nature in
all its glory.

UPDATED FROM FALL 2013 ISSUE
Groundwater Rights
Have Become
Negotiable in
Property Sales
As the supply of Texas groundwater continues to dwindle, the value
escalates and landowners realize that it can add another revenue stream to
the property. It is not uncommon for groundwater ownership to be one of the
negotiable points in rural land sales. Groundwater ownership is sometimes
retained by the seller and the buyer takes possession of the property with
limited or no access to water beneath the surface.
In the following paragraphs Regan Beck and Stephanie McMullen,
Assistant General Counsels for Public Policy, with the Texas Farm Bureau
describe a Texas Court of Appeals case between the City of Del Rio and
Clayton Sam Colt Hamilton Trust.
According to the record in 1997, the state sold 15 acres from the ranch’s
western border to the City of Del Rio. The warranty deed that conveyed the
tract to the City contained the following clause: “Grantor RESERVES unto
Grantor, its successors, heirs and assigns forever all water rights associated
with said tract, however, Grantor may not use any portion of the surface of
said tract for exploring, drilling or producing any such water.”
“In 2000, three years after the City purchased the tract, they realized that
their municipal drinking water supply needed augmenting,” Beck relates.
“A year and a half later, the City drilled a well on the property that tested to
pump approximately 500 gallons per minute and produce several hundred
thousand gallons of water. The well was completed in the summer of 2002,
at a cost to the City of about $850,000.”
the Trust’s attorney gave formal notice of a $500,000 claim against the City.
After the City rejected the Trust’s claim, the Trust filed suit against the
City, seeking a declaratory judgment that 1) it owned the groundwater
beneath the 15-acre tract, and 2) the City’s claim of ownership to those
water rights should be rejected. The Trust also sought monetary damages
for unconstitutional taking and action for trespass.
City of Del Rio responded with a counterclaim, seeking a declaratory
judgment that the warranty deed did not leave the Trust with “right, title, or
interest in any groundwater pumped to the surface by the City” on the 15-
acre tract and that any groundwater pumped to the surface was the City’s
property. The City also pled for condemnation of the water rights.
“McMullen explained that the trial court concluded that:
• The water rights reservation was valid and enforceable.
• The City’s argument that groundwater, until captured, cannot be the
subject of ownership was an incorrect statement of the law.
• Ownership to the groundwater rights beneath the 15-acre tract
belonged to the Trust.
“The City appealed and the Texas Court of Appeals upheld the judgment
of the trial court,” says Beck. “This court decision affirms the right of
landowners to reserve groundwater rights when selling property..”
Chapter 36 of the Texas Water Code gives groundwater conservation
districts the right to regulate the use of groundwater. It is stated in Chapter
36, “Nothing in this code shall be construed as granting the authority to
deprive or divest a landowner, including a landowner’s lessees, heirs, or
assigns, of the groundwater ownership and rights described by this section.”
About six months after the City had the well tested, Hamilton, the trustee
of the Trust visited the property and noticed drilling activity on the 15-acre
tract. He then had the Trust’s attorney send the City a letter demanding that
it neither produce nor capture any water from the well. A short time later,
Whether buying land within or outside a groundwater conservation
district, it is wise to examine the conveyance deed closely to determine if
groundwater rights are being reserved by the seller. If the reservation is
unclear , getting it resolved through the courts can be expensive.
48
S u m m e r 2 0 1 3

51

Increase Rural Property Income with Wildlife based recreation
Continued growth of urbanization provides an opportunity for ranches to
increase income through wildlife based recreation offerings to the public. Some
landowners are currently taking advantage of these opportunities; but there are
still unmet market needs. The majority of our population has little opportunity to
enjoy rural life, view nature or learn how their food is produced. Many yearn for
the outdoors and are willing to pay for a chance to enjoy the opportunities that
ranches can offer.
Customer expectations of their ranch visits vary considerably. Some clientele
want posh accommodations, gourmet prepared food, a wet bar, and pampering
by the ranch staff. Others want to be on their own, sleep in campers, and cook
their meals. Then there are expectation gradients in between these two extremes.
Differences in expectations allow a landowner to develop a successful wildlife
based recreation business that fits available resources.
Craig Bowen of Plateau Land and Wildlife Management refers to wildlife based
recreation as outdoor recreation. He says, “The three primary types are hunting,
fishing and nature tourism. Hunting opportunities in Texas include white-tailed
and mule deer, turkey, dove, quail, feral hogs and exotics. A fishing business
requires lakes or ponds stocked with bass, perch, catfish and other popular
species. Nature tourism is activities such as bird watching, hiking, horseback
riding, guided nature tours, star gazing and geological (formation viewing and
rock hunting).”
HUNTING
Wildlife and habitat management is usually required to provide customers
with a good hunting experience. Help in establishment and execution of a
wildlife management plan can be obtained from Texas Parks and Wildlife (TP&W)
through their Private Lands program. Services are free to landowners upon their
requests through a telephone call to a TP&W district office.
“Once the request is made, a TP&W biologist schedules a site visit with
the landowner or manager to assess habitat potential and offer guidance on
improvements for the wildlife species of interest,” says Linda Campbell Texas
Parks & Wildlife Private Lands and Public Hunting Program Director. “Once the
property’s potential has been determined, the biologist provides recommendations
and, if requested, helps the landowner develop a written wildlife management
plan (WMP). The WMP is a guide to achieve the landowner’s stated natural
resource management goals. Components of the WMP include a description of
habitats, current land uses and management practices, and specific habitat and
population management recommendations. TP&W provides follow-up assistance
as needed to help evaluate progress toward management goals and suggest
additional actions.”
“After a property is ready for hunting, TP&W can provide the customers,”
Campbell continues. “We lease land for hunting dove, waterfowl, pheasant,
quail, feral hog, squirrel and rabbits. Length of the lease and price per acre are
negotiable. To participate in this program, the landowner is required to make
his property available to hunters, who have the Annual Public Hunting Permit
for the agreed upon dates. A second requirement is to implement any habitat
improvements that are identified in the lease agreement.
“TP&W also pays landowners a negotiated fee to provide a two-day public
hunting opportunity for white-tailed deer, mule deer, pronghorn and exotics.
52
W i n t e r 2 0 1 3
In this program, we draw the hunters and provide them with your ranch rules
and information. Landowners run the hunt on the specific dates in the contract
agreement.”
FISHING
Like hunting, the first step in developing a fishing business is to inventory
what you have to offer. How large are the lakes and are they currently stocked
with fish? Are the lakes aesthetically pleasing? Can the lakes be reached by allweather
roads? The answer to these questions will show what you have to sell
and what changes need to be made for public acceptance.
“Larger ponds and reservoirs offer more options for managing fish populations,”
says Dr. Billy Higginbotham, Texas A&M Agrilife Extension Service Wildlife and
Fisheries Specialist. “For example, landowners with 10-acre reservoirs are in
a more favorable position to manage exclusively for largemouth bass than those
with one-acre ponds. Even though a market may exist for a target species such
as largemouth bass, landowners might consider other species such as channel
and blue catfish, sunfish, crappie and even rainbow trout during the winter
months. These alternative species may appeal to a broader range of anglers and
offer more fishing opportunities.”
Value-added amenities such as shade, toilet facilities, cabins, a picnic area,
camp sites, food and beverages, bait, tackle, rental equipment, ice and a fish
cleaning service should be considered in the plan. Will some of these amenities
attract more customers? Will the amenities generate enough additional revenue
to pay their costs?
Would you rather not have to deal with the public in leasing your lakes for
fishing? Will lake and fish management require time that you don’t have? If your
answer to either of these questions is yes, you can consider other options for
capturing income from sport fishing. An example of one option is to work through
a company like Private Water Fishing.
“Private Water Fishing is a company organized to manage customer relations
for landowners,” says Steve Alexander. “We have been in business for 14 years
and have a clientele of 450 fisherman members. These members pay an annual
fee for current access to 52 private lakes plus a daily fishing rate. The landowner
receives the majority of the daily fishing rate.
“By leasing lakes through Private Water Fishing (PWF), the landowner does not
have to solicit fishing customers nor act as their host when they fish the property.
PWF carries liability insurance for each property and requires all members to sign
a hold harmless clause. We have a strict set of rules and code of conduct that
our members must follow. Our program is primarily used by hunting ranches and
beef cattle operations.”
“We also assist landowners in fish and lake management through our
consulting service,” Alexander continues. “Our services include monitoring fish
populations and determining appropriate management practices.”
NATURE TOURISM
Type of nature tourism business selected for a property should depend upon
its natural resources and the amount of time that the landowner or manager is
willing to devote to the enterprise. Help in assessing natural resources can be
obtained from the TP&W district biologist.

y Robert Fears
“Bird and wildlife viewing is one of the most popular types
of nature tourism,” says Shelly Plante, Texas Parks and Wildlife
Nature Tourism Manager. “In a 2006 survey, it was shown that
wildlife watching contributed $2.9 billion to the Texas economy
and since that time, it has continued to grow. Rich in diverse
species, Texas is a perfect place for wildlife viewing. In addition,
the Lone Star State is one of the top birding destinations in the
world.”
“TP&W has created nine driving trail maps that direct people
to the best spots in the state to observe wildlife such as birds,
butterflies, bats or pronghorns,” explains Plante. “At some of
the locations birds and wildlife are viewed from the road and
at others, they are viewed from walking trails. The trails include
sites on federal, state, county, community and private lands.
If your property is close to one of the trails, you can install a
walking trail and eventually be listed on the map, provided you
have wildlife to view. You can charge for the use of your viewing
paths as long as you have a way to collect the money.”
If your property is far enough from residential and commercial
lights to have dark skies at night, astronomy might be a business
opportunity. A cleared area unobstructed by hills or other natural
features makes an ideal star gazing site.
“Wildlife photography is becoming very popular,” says Plante.
“Requirements are blinds for the photographers near feeding
areas and wildlife populations. Other targets for photographers
can include wildflowers, healthy grasses, butterflies and insects.
Aquatic bird viewing and photography can be facilitated with a
shaded observation area overlooking a pond.”
Expectations of mountain bikers are described on a web page
posted by X Bar Ranch Nature Retreat. It says: “X Bar Ranch
offers riders of all levels 16 miles of trails in the middle of westcentral
Texas ranch country on both single track (85%) and jeep
roads. The trails twist and turn through two dry river valleys,
mesquite flats and cedar/oak-covered hills. Even with our fair
share of rocks, these trails are fast and furious.”
Regardless of the type of wildlife based recreation business
you choose, it can be started with the basic requirements.
Amenities such as dinning, lodging, swimming and games can
be added as the business gains momentum. Hunting ranches
with lodges and other entertainment facilities often add fishing
and nature tourism to their offerings to make better use of their
capital investment. To be successful, the wildlife based recreation
business has to match the natural resources on the property.
In addition to the organizations mentioned, help in establishing
wildlife based recreation business can be obtained from Texas
A&M AgriLife Extension Service, United States Department of
Agricultural Natural Resources Conservation Service (USDA-
NRCS) and private consultants.
53

M a r k e t R e p o r t
Heading into the fall, Texas land markets continued to scrambling to meet increasing feed costs, but filled
thrive, posting strong price increases overall. Observers the farmers’ pockets with ready cash. Land prices in
continued to see strong demand for small, highly Region 1 of Texas, the region most heavily influenced by
improved properties and even an uptick in demand for cropland markets, reflected those climbing commodity
larger recreational tracts in some markets. Developments prices with land prices that soared 56 percent between
in cropland markets got lost in the cascade of activity. 2010 and 2013. Brokers found a steady stream of eager
Reflecting escalating commodity prices, cropland investment-driven buyers with few owners being willing
began a sustained and unprecedented rise win 2008 to sell. Grassland retiring from the Conservation Reserve
that coincided with increasing commodity prices. This Program was converted back to farmland on a broad
unprecedented run-up in prices left livestock producers scale. Asking prices could seemingly never be too high.
Region One Texas Rural Land Prices
The almost frenzied buying seen in the
Midwestern breadbasket of the country
moved into Texas as well.
However agricultural marketing
Price per Acre
experts have begun to anticipate supply
responses that threaten the boom in
Dollars per Acre
commodity prices. In the third quarter
of 2013, increasing supplies took a toll
on commodity prices as evidenced by
moderating corn prices. Experts project
an annual price in 2013 well below the
2012 record and forecast moderated prices
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
Corn Prices - Historic and Projected
2012
2013
over the next four years. Faced with these
expectations, demand for farmland has
moderated of late. However that does not
mean cropland markets have retreated.
Current reports indicate that buyers
still have an appetite for good cropland.
However, they are more acutely focused
on net operating income than they have
Dollars per Acre
been in the past several years. Will
cropland be the driver of land markets in
the future or will the markets return to a
primary focus on the recreational retreats
that have dominated land transactions in
the past? Only time will tell.
2017
2016
2015
2014
2013
2012
2011
2010
2009
55

M a r k e t R e p o r t
Top 50
SOLD
(August 16, 2013 through November 15, 2013)
1
Land Advisors Organization
5412.39± Acres | Blanco County | Sold: 11/08/13
Days on Market: 88 | Sold Price: $28,000,000
Republic Ranches
2 3
3015± Acres | Dimmit County | Sold: 09/30/13
Days on Market: 405 | Sold Price: $20,000,000
Republic Ranches
2178± Acres | Medina County | Sold: 08/28/13
Days on Market: 68 | Sold Price: $12,741,300
Kuper Ranch Sales
4 5
2178± Acres | Medina County | Sold: 09/10/13
56
W i n t e r 2 0 1 3
Days on Market: 69 | Sold Price: $12,741,300
Tom W. Davis, Ranch Broker
3774.79± Acres | McMullen County | Sold: 10/30/13
Days on Market: 260 | Sold Price: $11,500,000

M a r k e t R e p o r t
Keller Williams Farm and Ranch Group
Dripping Springs Realty
6 7 8
4000± Acres | Victoria County | Sold: 11/12/13
788.49± Acres | Blanco County | Sold: 09/24/13
Days on Market: 145 | Sold Price: $9,400,000
Days on Market: 452 | Sold Price: $9,250,000
Great Southwest Ranches/Ted Feigle Real Estate
10,200± Acres | Pecos County | Sold: 08/24/13
Days on Market: 2,126 | Sold Price: $5,500,000
Prime Country Real Estate
Texas Ranches For Sale
9 10 11
3,000± Acres | Comanche County | Sold: 09/30/13
1377± Acres | Kimble County | Sold: 10/15/13
Days on Market: 186 | Sold Price: $4,350,000
Days on Market: 308 | Sold Price: $4,097,684
Land Advisors Organization
97.23± Acres | Travis County | Sold: 09/13/13
Days on Market: 528 | Sold Price: $3,900,000
Kuper Ranch Sales
HomeLand Properties
12 13 14
389± Acres | Kendall County | Sold: 11/15/13
985± Acres | Walker County | Sold: 10/16/13
Days on Market: 581 | Sold Price: $3,600,000
Days on Market: 247 | Sold Price: $3,353,624
Republic Ranches
430± Acres | Cooke County | Sold: 09/19/13
Days on Market: 278 | Sold Price: $3,230,000
RE/MAX Centx Assoc.
Kuper Ranch Sales
15
185.86± Acres | Williamson County | Sold: 09/04/13
16 17
665± Acres | Milam County | Sold: 08/26/13
Days on Market: 1,000 | Sold Price: $3,163,860
Days on Market: 539 | Sold Price: $3,000,000
Tom W. Davis, Ranch Broker
1050± Acres | Live Oak County | Sold: 10/18/13
Days on Market: 100 | Sold Price: $2,750,000
L Davis Realty, Inc.
Moore Land Company LLC.
18 19 20
789± Acres | Bee County | Sold: 08/16/13
583± Acres | Medina County | Sold: 10/14/13
Days on Market: 115 | Sold Price: $2,700,000
Days on Market: 200 | Sold Price: $2,545,000
Pruitt Realty
1335± Acres | Bosque County | Sold: 09/23/13
Days on Market: 1421 | Sold Price: $2,514,092
57

M a r k e t R e p o r t
Land Advisors Organization
Texas Ranches For Sale
21 22 23
546± Acres | Burnet County | Sold: 09/13/13
196± Acres | Kendall County | Sold: 10/01/13
Days on Market: 337 | Sold Price: $2,456,892
Days on Market: 245 | Sold Price: $2,275,000
LANDTX
188± Acres | Gillespie County | Sold: 09/06/13
Days on Market: 233 | Sold Price: $2,250,000
RE/MAX Bastrop Area
Kuper Ranch Sales
24 25 26
561.85± Acres | Bastrop County | Sold: 10/21/13
684± Acres | Kinney County | Sold: 08/28/13
Days on Market: 119 | Sold Price: $2,250,000
Days on Market: 162 | Sold Price: $2,225,000
RE/MAX Llano
788± Acres | Llano County | Sold: 09/30/13
Days on Market: 171 | Sold Price: $2,206,400
Covenant Partners Realty
Mystic Hills Realty
27 28 29
168± Acres | Bandera County | Sold: 11/01/13
258± Acres | Colorado County | Sold: 10/15/13
Days on Market: 291 | Sold Price: $2,200,000
Days on Market: 68 | Sold Price: $2,196,757
Simpson Ranches & Land LLC
541± Acres | Frio County | Sold: 09/26/13
Days on Market: 23 | Sold Price: $2,028,750
Beaux Cook and Associates
Brazosland Classic Realty
30 31 32
381± Acres | Bandera County | Sold: 10/25/13
17.91± Acres | Brazos County | Sold: 10/01/13
Days on Market: 2,321 | Sold Price: $2,000,000
Days on Market: 1,180 | Sold Price: $2,000,000
Kuper Sotheby’s International Realty
259.89± Acres | Kendall County | Sold: 09/13/13
Days on Market: 606 | Sold Price: $2,000,000
Winkler & Company, Menley Group
Stephens Ranch Hand Real Estate
33 34 35
533.88± Acres | Bastrop County | Sold: 09/11/13
540± Acres | Brown County | Sold: 09/03/13
58
Days on Market: 125 | Sold Price: $1,999,238
W i n t e r 2 0 1 3
Days on Market: 102 | Sold Price: $1,975,000
Hodde Real Estate Co
140.49± Acres | Austin County | Sold: 10/28/13
Days on Market: 139 | Sold Price: $1,899,100

M a r k e t R e p o r t
RE/MAX Town & Country -
5 Star Country Properties, LLC
36 37 38
The Shane T. White Team
0.52± Acres | Harris County | Sold: 08/16/13
143.52± Acres | Williamson County | Sold: 08/26/13
Days on Market: 710 | Sold Price: $1,890,000
Days on Market: 361 | Sold Price: $1,840,000
Great Southwest Ranches/Ted Feigle Real Estate
100± Acres | Gillespie County | Sold: 08/24/13
Days on Market: 852 | Sold Price: $1,800,000
Sam-Mar Ranch Realty
KW Luxury Int.
39 40 41
193.15± Acres | Blanco County | Sold: 08/23/13
14.28± Acres | Kendall County | Sold: 10/23/13
Days on Market: 39 | Sold Price: $1,800,000
Days on Market: 503 | Sold Price: $1,795,000
RE/MAX Llano
448± Acres | Llano County | Sold: 10/17/13
Days on Market: 83 | Sold Price: $1,794,036
Tom W. Davis, Ranch Broker
Greene Realty
42
504± Acres | San Patricio County | Sold: 09/27/13
43 44
1377± Acres | Edwards County | Sold: 08/16/13
Days on Market: 434 | Sold Price: $1,764,000
Days on Market: 88 | Sold Price: $1,721,250
The Texas Ranch Company LLC
720± Acres | Frio County | Sold: 10/23/13
Days on Market: 85 | Sold Price: $1,656,000
L Davis Realty, Inc.
Ben Thomas Companies
45
588.45± Acres | Live Oak County | Sold: 11/05/13
46 47
226± Acres | Collin County | Sold: 09/30/13
Days on Market: 78 | Sold Price: $1,600,000
Days on Market: 140 | Sold Price: $1,563,000
Galm Real Estate LLC
6.97± Acres | Comal County | Sold: 08/21/13
Days on Market: 873 | Sold Price: $1,530,890
Horseshoe Bay One Real Estate
Greene Realty
48 49 50
Llano County | Sold: 09/14/13
1,116± Acres | Edwards County | Sold: 10/03/13
Days on Market: 1,312 | Sold Price: $1,495,000
Days on Market: 513 | Sold Price: $1,475,206
Kuper Ranch Sales
156± Acres | Uvalde County | Sold: 11/14/13
Days on Market: 769 | Sold Price: $1,450,000
59

M a r k e t R e p o r t
Big 50for
SALE
(August 16, 2013 through November 15, 2013)
1
Kuper Ranch Sales
Property ID: 1477517 | 29,000± Acres
Kerr County | $85,000,000
Texas Ranchlands Realty /John L. Ahern Broker
2 3
Property ID: 1548881 | 14,200± Acres
Pecos County | $7,810,000
King Land & Water LLC
Property ID: 1555099 | 12,500± Acres
Presidio County | $10,625,000
Land & Ranch Realty, LLC
4 5
Property ID: 1503016 | 12,000± Acres
60
W i n t e r 2 0 1 3
Real County | Call For Price
Republic Ranches
Property ID: 1459013 | 11,612± Acres
Fannin County | $52,342,930

M a r k e t R e p o r t
Land & Ranch Realty, LLC
Vision Real Estate
6 7 8
Property ID: 1554114 | 10,700± Acres
Property ID: 1525464 | 10,288± Acres
Real County | Call For Price
Presidio County | $5,658,400
Whitaker Real Estate
Property ID: 1549836 | 9,253± Acres
Donley County | $9,484,325
Coldwell Banker Pacesetter Steel
Reata Realty and Management Co.
9 10 11
Property ID: 1526317 | 9,167± Acres
Property ID: 1512542 | 7,325± Acres
Val Verde County | $5,041,850
Wharton County | $29,750,000
Lenk Real Estate
Property ID: 1561464 | 7,271 ± Acres
Terrell County | $2,725,560
Fred L. Graff Realty
Dan W. Kinsel III Ranch Broker, LLC
12 13 14
Property ID: 1556675 | 6,700± Acres
Property ID: 1456370 | 5,740± Acres
Val Verde County | $5,025,000
La Salle County | $12,053,412
Ranch Investments
Property ID: 1469149 | 5,719± Acres
Val Verde County | $2,830,905
Kuper Ranch Sales
Sam Vester and Joe Wilson
15 16 17
Property ID: 1535349 | 5,680± Acres
Property ID: 1456120 | 5,600± Acres
Maverick County | $9,060,287
Webb County | $19,600,000
Turner Land Company
Property ID: 1484146 | 5,576± Acres
Clay County | Call For Price
RE/MAX Prodigy
Texas Best Ranches, LLC
18 19 20
Property ID: 1564940 | 5,499± Acres
Property ID: 1492083 | 5,033± Acres
Andrews County | $4,124,820
Coke County | $10,040,835
Coalson Real Estate
Property ID: 1544300 | 4,973± Acres
Kinney County | $5,346,136
61

M a r k e t R e p o r t
Campbell Patton Ranch Investments
21 22 23
Property ID: 1555304 | 4,632± Acres
Brooks Land Gallery Inc.
Property ID: 1503055 | 4,846± Acres
Stonewall County | $4,337,170
Jim Hogg County | $10,885,200
Trip duPerier, The Texas Land Man LLC
Property ID: 1565097 | 4,500± Acres
Llano County | Call For Price
Coalson Real Estate
Kuper Ranch Sales
24 25 26
Property ID: 1544301 | 4,416± Acres
Property ID: 1459243 | 4,250± Acres
Palo Pinto County | $33,124,388
Tom Green County | $15,900,000
Kuper Ranch Sales
Property ID: 1456005 | 4,168± Acres
Medina County | $11,750,000
Whitaker Real Estate
Terry Wootan Real Estate
27 28 29
Property ID: 1549849 | 4,006± Acres
Property ID: 1466350 | 3,700± Acres
Donley County | $4,506,750
Llano County | $18,130,000
Coalson Real Estate
Property ID: 1488016 | 3,300± Acres
Parker County | $21,103,500
Sacred Land Ranches
www.TexasHuntingLand.com
30 31 32
Property ID: 1541586 | 3,279± Acres
Property ID: 1499315 | 3,168± Acres
McCulloch County | $10,000,000
Runnels County | $6,475,000
Donnie Stegemoller Realtor
Property ID: 1465735 | 3,161± Acres
Runnels County | $5,041,796
Haynes Realty Company
Busbee Ranch Sales
33 34 35
Property ID: 1550250 | 3,000± Acres
Property ID: 1494683 | 3,000± Acres
62
W i n t e r 2 0 1 3
Victoria County | $8,850,000
Webb County | $4,275,000
Capitol Ranch Real Estate
Property ID: 1556598 | 3,000± Acres
Comanche County | $7,485,000

M a r k e t R e p o r t
Rike Real Estate LLC
Larry Behrens Real Estate
36 37 38
Property ID: 1512433 | 2,779± Acres
Property ID: 1483116 | 2,667± Acres
Haskell County | $2,640,050
Crockett County | $1,600,200
West Texas Ranch Realty
Property ID: 1566073 | 2,646± Acres
Brewster County | $992,250
Clift Land Brokers
Clift Land Brokers
39 40 41
Property ID: 1477877 | 2,560± Acres
Property ID: 1525523 | 2,560± Acres
Dallam County | $3,600,000
Gaines County | $4,250,000
Southwest Ranch & Farm Sales
Property ID: 1511138 | 2,509± Acres
Bowie County | $9,157,850
Southwest Land Associates
First Texas Brokerage
42 43 44
Property ID: 1567707 | 2,495± Acres
Property ID: 1517971 | 2,464± Acres
Zavala County | $5,613,750
Comanche County | $8,625,000
AFM Land Sales, LLC
Property ID: 1524887 | 2,452± Acres
Liberty County | $4,474,900
Texas Ranches For Sale
Texas Ranch Sales, LLC
45 46 47
Property ID: 1548700 | 2,424± Acres
Property ID: 1558993 | 2,335± Acres
Sutton County | $2,896,680
Coke County | Call For Price
Coalson Real Estate
Property ID: 1488009 | 2,330± Acres
Wise County | $8,155,000
Southern Timbergrowers, Inc.
LANDTX
48 49 50
Property ID: 1520738 | 2,295± Acres
Property ID: 1490834 | 2,276± Acres
Liberty County | $2,983,500
Hays County | $17,866,600
1st Choice Realtors
Property ID: 1493197 | 2,240± Acres
Swisher County | $1,545,600
63

P r o p e r t y I n d e x
Region 1 Region 2 Region 3 Region 4 Region 5 Region 6 Region 7
64
W i n t e r 2 0 1 3

Find your place to hunt...
And the lender who can get you there.
FindFarmCredit.com
Visit us to find a Farm Credit lender, to locate property for sale,
and to get helpful tips on buying rural real estate.
FARM CREDIT
Financing for: Recreational Property • Farms and Ranches • Country Homes • Agribusiness