values for agriculture uses,” says Clift, whose company has handled sales of more than 200,000 acres of rural land the past 5 years. “In the Panhandle and much of West Texas, we have some major petroleum refi ners and gathering stations for oil, along with signifi cant natural gas production. “Most ranches in this region have pipelines running
through them. It has been a windfall for many ranchers to take advantage of money from these properties. The oil and gas industry has been easy to work with. I see no impact of pipelines on land values, unless there is a major pipeline with risks involved.” In mid-2014, Landowner magazine reported fi gures
from the Federal Reserve Bank of Dallas indicating that Texas ranchland saw a 5.6 percent increase in value over 2013. The average price was $1,803 per acre. Clift, like other rural land real estate brokers, sees the demand for ranchland as being higher than ever. “Three years ago, the ranch market was stagnant
due to the severe drought,” he says. “People were re- luctant to buy ranches because they didn’t know when they could restock them. Now, after we’ve had some good rainfall the past year, the ranch market is just as strong as, and higher than, it has ever been. All
As of 2012, there were more than 366,000 miles of oil and gas pipelines crisscrossing the state.
the grass we can list gets sold. We have many buyers looking for grass and there is no inventory to sell them. They worry more about pasture availability than they do pipeline or power line obstructions.”
Transmission line effect At the 2014 Cattle Raisers Convention in San Anto-
nio, Brady was on a panel that discussed pipeline and power line easements. He cited more damage outside of easements. “When I started in this kind of work fi fteen years ago, I was doing some work on the power
84 The Cattleman March 2015
thecattlemanmagazine.com
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