In an effort to improve exposure and reach a broader for the Nevada irrigated farm and ranch land with water rights business market Chris W. Miller is proud to announce his new association with:
Independence Realty
Reno and Las Vegas Real Estate and Western Nevada Properties
Leo Dupre, Broker-Owner, Independence Realty 775-691-8888
1005 Terminal Way, Suite 155 Reno, NV 89502
460 W. Main St #101, Fernley, NV 89408
8275 S. Eastern Ave. #200 Las Vegas, NV 89123
Serving Las Vegas, Reno-Sparks, Virginia City and Fernley
My new association with these offices will give the many Nevada farm and ranch land properties with water rights listed with me greater exposure to the entire state of Nevada irrigated farm and ranch land with water rights market. Property listings will soon be available on the Las Vegas and Northern Nevada MLS systems.
To discuss buying or selling Irrigated Nevada farm and ranch land with water rights call Chris today.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Tuesday, April 20, 2010
Saturday, February 20, 2010
You will never see the big picture looking a one piece of the puzzle
Let’s start with the easy pieces, the edge pieces, the positive aspects of the current housing market.
Home sales are up in Mesquite , Nevada
Single family new home building permits are up in Mesquite
Trying to keep it positive here, mortgage interest rates are still near historic lows.
The Home Builders Index of confidence rose 2 points to 17. A score of 50 or more on the index indicates that more builders view conditions as favorable rather than unfavorable.
Access Research & Consulting Inc. estimates that the number of mortgage brokerage firms is down from a peak of 53,000 in 2004 to less than 15,000; this may be a good thing.
Now we can start into the middle of the picture, the harder pieces of the puzzle.
Realty Trac reported January 2010 foreclosures were above 300,000 for the eleventh straight month, and up 15% from January last year. US
Private mortgage insurance companies are dropping like moths flying into the flames of a blazing fire. Short sales and foreclosures are literally wiping them out.
Mortgage underwriting standards are getting tighter everyday, shrinking the pool of eligible qualified potential home buyers. Even FHA has made it tougher to qualify for a mortgage. This piece is part of the demand side.
By most industry estimates, there are eight million delinquent mortgages in the US
3.4 million Homes in the Treasury Department's Making Home Ownership Affordable (HAMP) are currently 60 days or more delinquent.
There are a half trillion dollars of mortgages still out there that will reset or adjust over the next twenty four months. Many of these homeowners are not prepared for the higher cost of housing headed their way.
The picture is coming together, but there are still some pieces missing.
The shadow inventory is out there in various forms, and the number of homes sitting vacant is at a historic high. Many are owned by institutions, others are owned by individuals, all are waiting for the market to improve. Then there are the sellers who would like to sell but can not or will not sell at current prices. At some point they will have to liquidate this inventory.
We should all hope Fannie Mae, Freddie Mac, and the others will slowly ease this inventory into the market. Some industry experts believe it could take as long as three years for the market to absorb this shadow inventory of homes.
If they dump a wave or waves of distressed property into the market, it will drive down prices further and create a huge opportunity for those in a position to capitalize on the low prices.
The Federal Reserve’s 1.25 trillion dollar fund set up to buy mortgage backed securities is nearly spent. Without the support of this emergency fund, the secondary mortgage money market is bound to drive rates higher for consumers.
The effect of higher interest rates is to make housing less affordable and reduce the buyer pool, again reducing the demand side.
What the real estate market needs is jobs and time. Jobs will help people stay in the homes they currently own. Jobs will slow foreclosures, help mortgage modifications work, and create new demand.
Time will heal credit, time will clear inventory, and in time the market will find balance again.
Now step back and look close, with all the pieces of the puzzle in place. Where do you think the market will go over the next six months, twelve months, and twenty four months?
Remember Mesquite , Nevada Las Vegas
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Monday, November 30, 2009
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
California grows much of the produce you eat.
has been over drafted for the last 60 years and it will not last forever. From the North Plains District,
Could the well run dry and if so what next?
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
and the politicians figure out cap and tax, our ground water,
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.
Land in Nevada Blog
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
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
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 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.
Land in Nevada Blog
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
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Wednesday, November 25, 2009
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 , due to the arid climate.
Nevada farm land generally means land with water rights
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.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
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 , due to the arid climate.
Nevada farm land generally means land with water rights
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.
Chris W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Sunday, November 22, 2009
Nevada Ranches For Sale
Nevada Ranch Properties with Water Rights
Nevada Ranches and Farms, in general own their water rights. These water rights are sold as an appurtenance to the land.
Land in Nevada without water can be desolate. Most every Nevada Ranch and Farm has water rights. For more information on Nevada water rights the Nevada State Engineers office is your best bet. The State Engineers office regulates and controls water rights in Nevada.
Water rights being sold with Nevada farms and ranches may be for irrigation, livestock watering, or domestic use. It may come from live springs, artesian wells or be pumped ground water. Regardless the use or source, they must have have water rights to utilize that water. Some Nevada ranches own water rights located on public lands and have BLM grazing leases.
A single household can use a domestic well without any special rights. Nevada ranch property and farms need certified water rights.
Water in Nevada is scarce, a valuable resource to be protected and managed. Fresh water around the world is becoming a coveted commodity. Nevada’s Irrigated Farms and Ranch land with water rights provide food for the world, and jobs as well as a quality lifestyle for those who operate them.
Since the State of Nevada has more public land than any other in the lower 48, privately owned Nevada Farms and Ranches tend to be few and far between. Again land in Nevada without water tends to be rather barren.
The State of Nevada is divided into water basins, many basins are closed to any future allocations. They will not issue additional permits in these areas to use the water resources. While demand increases, supply is very limited.
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.
Land in Nevada Blog
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
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 W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
Nevada Ranches and Farms, in general own their water rights. These water rights are sold as an appurtenance to the land.
Land in Nevada without water can be desolate. Most every Nevada Ranch and Farm has water rights. For more information on Nevada water rights the Nevada State Engineers office is your best bet. The State Engineers office regulates and controls water rights in Nevada.
Water rights being sold with Nevada farms and ranches may be for irrigation, livestock watering, or domestic use. It may come from live springs, artesian wells or be pumped ground water. Regardless the use or source, they must have have water rights to utilize that water. Some Nevada ranches own water rights located on public lands and have BLM grazing leases.
A single household can use a domestic well without any special rights. Nevada ranch property and farms need certified water rights.
Water in Nevada is scarce, a valuable resource to be protected and managed. Fresh water around the world is becoming a coveted commodity. Nevada’s Irrigated Farms and Ranch land with water rights provide food for the world, and jobs as well as a quality lifestyle for those who operate them.
Since the State of Nevada has more public land than any other in the lower 48, privately owned Nevada Farms and Ranches tend to be few and far between. Again land in Nevada without water tends to be rather barren.
The State of Nevada is divided into water basins, many basins are closed to any future allocations. They will not issue additional permits in these areas to use the water resources. While demand increases, supply is very limited.
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.
Land in Nevada Blog
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
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 W. Miller
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
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
Vegas Grand Realty and Property Management
435-862-5951
702-990-5951
Nevada Water Rights
Land in Nevada
Nevada Ranch Properties
Lincoln County Land Market
Mesquite NV Real Estate Market
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