Wiregrass Spring 2016 - Southwest Georgia Farm Credit

Transcription

Wiregrass Spring 2016 - Southwest Georgia Farm Credit
SPRING 2016
2016 Annual
Land Values Survey
AREA REALTORS TELL US
WHAT’S IN THEIR CRYSTAL BALLS
LAND SURVEY
Respondents tell us…
I think (the) demand will be
greater in recreational property.
(We) could see a drop in price on
non-irrigated farmland.
— Bobby Miller
The Real Estate Shop, Inc.
around
TOWN
May 7 Dawson
TERRELL COUNTY TOUR OF HOMES
The Terrell County Historical Society’s annual event includes
six homes in Dawson and one church in Bronwood. The hours
are 10 a.m. to 4 p.m. and the tour begins at the Terrell County
Chamber of Commerce.
For more info: 229.995.2011
Second Weekend in May Cairo
ANTIQUE CAR RALLY AND SYRUP CITY
DAYS GONE BY FESTIVAL
Our firm experienced several large
tract sales in 2015, (including)
recreational properties as well as
farm and timber tracts. We have
multiple buyers looking for (all)
types of properties, but are keen on
having a good investment.
— Perry Clements III
Rozier & Associates Realty
Farm/timberland isn’t a category,
but (one) I have a ton of interest in.
I am seeing an increase in people
looking for 25-100 acre mini farms,
recreational tracts and ‘gentlemen
farms.’ That upturn, in my opinion,
is a positive for the future of real
estate sales.
— Mandy Hart Chambers
Coldwell Banker Walden & Kirkland
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Find out why Cairo is called “Syrup City” at this festival
that will feature an antique car rally, crafts, demonstrations,
antique farm equipment, and much more.
For more info: 229.377.3663
May 13 - 14 Camilla
GNAT DAYS
Join the 5K on Friday night and then stay for music and
dancing. On Saturday, there’s something for everyone with
arts and crafts, entertainment, and activities.
For more info: 229.336.5255
VISIT THE PLAINS DEPOT Plains
The Plains Depot was the headquarters for the Carter
Campaign for the presidency. In January 1977, the 18 car
Peanut Special left here to take the newly elected president
and his entourage to the inauguration. 300 North Bond
Street, just off US Highway 280.
For more info: 229.824.4104
WESTVILLE: GEORGIA’S WORKING
1850S TOWN
Westville depicts the life and culture of 1850. The town is a
living history village of original buildings dating back to 1850
that have been authentically restored to function as life was
during that time. Visitors see craftsmen producing items for
village neighbors, hear the blacksmith’s hammer and smell
gingerbread and biscuits baking. Visitors can also participate
by making syrup, candles and soap.
For more info: 229.838.6310 or 888.733.1850
Don’t miss a single issue
of Wiregrass Land & Living!
It’s free and easy to subscribe.
Email us at [email protected]
and we’ll add you to our list!
Three-year old tee-ball star Tom Chastain legs out a single during a recent game in Bainbridge.
Tom is the son of Carla and Michael Chastain. Carla is a Credit Analyst at Southwest Georgia Farm Credit.
We’re proud to support kids, families and our communities throughout southwest Georgia!
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
Richard Monson
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
INSIDE THIS ISSUE
4
HAPPY 100TH, FARM CREDIT!
6
AREA REALTORS TELLS US WHAT’S IN THEIR CRYSTAL BALLS
2016 LAND SALES SURVEY
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
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DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
AND OUR BORROWERS, WELL
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FARMER’S DAUGHTER VINEYARDS
18
UNDERSTAND YOUR INTEREST RATE
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Happy 100th,
Farm Credit!
By Richard S. Monson
President and Chief Executive Officer
So what has the Farm Credit System been doing for the
last 100 years? Quite a lot, actually. Since 1916, the Farm
Credit System has played a critical role in ensuring our
country has the least expensive and most wholesome
food supply you’ll find anywhere in the world. How have
we done this? It’s a matter of reliability and a consistent
desire to ensure farmers, agribusinesses and rural
property owners have access to competitively priced
credit—throughout the good economic cycles and the
tougher ones.
From the beginning, it was Congress’ intention
that the System’s role would be to ensure access to
competitively-priced credit for an industry that is
vital to our country’s security and well-being. It was
no accident that Congress had the foresight to create
a narrowly scoped public lending charter, that also
ensured each System institution was owned as a
privately-controlled financial cooperative that benefited
those who used it—using business disciplines as times
and markets changed.
Delivering on this intent has been neither simple nor
lacking challenge. Much has changed since the days in
1917 when author Laura Ingalls Wilder, of Little House
on the Prairie fame, organized one of the first Farm Loan
Associations in Missouri. Since that time, agriculture
has evolved from being largely subsistence farming to
being capable of feeding over 322 million people and
representing $1 of every $10 of total U.S. exports.
A Hardscrabble Path
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Since the earliest times market and competitive forces
have tried to extinguish the farmer-owned system and
the competition it affords. Severe recession just after
World War I caused agricultural prices to plummet,
and then again during the Great Depression when
farm incomes were devastated by the collapsing
economy. Successive organizational restructurings
and recapitalizations enabled the System to maintain
its role serving agriculture and rural communities
as agriculture thrived through the 1950’s, 60’s and
70’s. Errantly framed farm policy and worldwide
overproduction prompted yet another catastrophic
agricultural recession in the 1980s. Arising out of this
economic storm was a restructured System that was
well capitalized, reorganized and positioned to again
serve its mission to agriculture and rural America.
Throughout these trials and tribulations, competitive
forces lobbied and sought to extinguish the privately
owned financial cooperative. From Supreme Court
rulings upholding the System’s chartered authorities,
to countless assaults on its chartered powers from the
commercial financial institution lobby, the System
has survived protectionist and anticompetitive attempts to
destroy the mission-based lending concept.
A New Dawn for Agriculture
and Rural America
As Farm Credit has had to adapt over time, so have the
clients and businesses it finances. As an industry, agriculture
has become quite scale oriented; meaning a very large
proportion of the aggregate output is produced by a very
small proportion of the producers. This trend has been
occurring since the earliest era of agriculture. In addition
to growing larger, capital investment in technology has
reduced labor and improved yields, enabling improvement in
profitability. Today, with less than 2 percent of the population
working in agriculture, Farm Credit has experienced much
the same evolution. Like the industry it serves, Farm Credit
associations have decreased from nearly 5,000 in 1932, to
half again as many in 1974 and even further to just 82 today.
Southwest Georgia Farm Credit is one of these 82 and reflects
a number of successive consolidating mergers that created
the entity it is today. Collectively, if the System were a bank, it
would be the 10th largest bank in the United States.
will. And the drive to maintain
efficiency and productivity will
continue to mandate the need for
investment and competitively priced capital. Thus, as a
committed lender to agriculture and rural communities,
we see this as squarely within our strike zone and are well
prepared to ensure that competition prevails.
There is also a new class or breed of farmer becoming
increasingly prevalent within the industry space. They
don’t necessarily represent large production facilities, but
they do represent entrepreneurial individuals whose love
of food production and craft products meet the demand of
specialty and niche markets. Often these innovators are the
seeds being sown of what agriculture will look like in the
future. These are instances where a privately member-owned
financial cooperative looks past the bottom line and focuses
on what the future could be.
Communities Matter
A Critical Role in Rural America
Even as our Association’s market footprint is largely rural
and agricultural in nature, that does not mean community
is only a peripheral concern. Recognizing that without
strong community agriculture cannot thrive, we take our
responsibility to community very seriously and have done
so for the last century. We do it because we believe in it and
not because it generates more business or greater public
awareness. Our market is a very small fraction of the overall
rural population, but this same population must have a
vibrant community and the services it provides to sustain
economic growth. So does a locally owned Farm Credit
bring value to the community? You bet it does—through
the dollars given directly to various community service
organizations, non-profits and public sector infrastructure,
such as health care facilities and schools. We actually
view this as an investment in agriculture. It further builds
strong community when our profits are distributed to more
than 1,100 members who in turn spend that money in the
communities where they live.
Rural communities have felt the brunt of change especially
hard, as agriculture has become ever more efficient and
productive, with the smallest labor force in history. Many
rural communities and towns still rely on agriculture
and its prosperity to maintain the essential services and
infrastructure for sustaining their quality of life. Those
communities where farming is largely absent have not
fared well and the depletion in population in many of these
communities is a testament of such.
So, yes, we have been very busy for the last 100 years. And we
believe agriculture’s best years are still ahead, which means
Farm Credit must be ever vigilant to adapt to a changing
agriculture and to guard against erosion of business
disciplines that are required by all businesses to stay relevant
within their marketplace. In the end it will be the strength
of our member-ownership and commitment to providing a
value proposition to rural America that enables the legacy to
succeed for another 100 years.
In areas where agriculture and agribusiness thrive,
rural communities have fared much better. This
does not preclude the same market forces that have
historically been experienced from continuing. They
Richard S. Monson is president and chief executive officer of
Southwest Georgia Farm Credit and has been with the Farm Credit
System since 1986.
During the recent well publicized favorable agricultural cycle,
an unprecedented number of financial institutions, nonbank credit providers, private lenders and investor oriented
funds entered the competitive arena. Profitability for nearly
all lending participants sank to very low levels as a flush
of investment dollars brought the cost of credit to historic
lows. The good news is this has been very favorable for the
farm and agribusiness consumer. Low interest rates have
contributed to sustained profitability and softened the sting
of increased capital investment. The departure of all this
capital directed toward agriculture will begin as commodity
prices suffer and interest rates rise. More attractive
investment yields elsewhere will redirect the attention of
many who have previously been focused on agriculture.
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Area Realtors
tell us What’s in Their
2016 LAND VALUES SURVEY
HIGHLIGHTS NICHE MARKETS, TRENDS
Welcome to our sixth edition of Southwest Georgia Farm Credit’s
annual Land Values Survey. This collection provides a helpful
overview of today’s rural real estate market from the perspective
of real estate professionals who sell in the 21 counties of Southwest
Georgia. You’re sure to discover new insights and trends affecting
our area through their eyes.
HOW THE REAL ESTATE PROS SEE IT…
Surveying may be a science, but it doesn’t have to be complicated.
We kept this year’s survey simple, as we sought to make a distinction
between:
• Inquiries (which might include tire kickers)
• Potential buyers (perhaps pre-qualified and more serious prospects)
• Listings (meaning properties that are legitimately on the market)
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INQUIRIES:
Crystal Balls
DECLINED SIGNIFICANTLY
DECLINED SLIGHTLY
REMAINED THE SAME
INCREASED SLIGHTLY
INCREASED SIGNIFICANTLY
SEARCHES:
SIGNIFICANT DECLINE IN SEARCHES
SLIGHT DECREASE IN SEARCHES
SAME LEVEL OF SEARCHES
SLIGHT INCREASE IN SEARCHES
SIGNIFICANT INCREASE IN SEARCHES
LISTINGS:
SIGNIFICANT DECLINE IN LISTINGS
SLIGHT DECREASE IN LISTINGS
SAME LEVEL OF LISTINGS
SLIGHT INCREASE IN LISTINGS
SIGNIFICANT INCREASE IN LISTINGS
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WHAT WE ASKED
What best describes the number of inquiries you are
receiving to purchase in the following categories?
• Irrigated farm land: More than 82% reported that inquiries were about the same or
have increased.
• Non-irrigated farm land: Inquiries remained the same, according to 61% of
respondents, but 29% reported a decline.
• Rural/recreational tracts: A full 80% said inquiries are about the same or have
increased.
• Timber/investment: Interestingly, 46% said inquiries were about the same and 28%
said they had increased, while 25% said they have declined.
• Rural residential homes with acreage: Nearly 50% said inquiries were about the same
and another 40% reported an increase.
What best describes the number of clients you are
actively helping search for available real estate?
• According to 64% of the pros, the activity level on irrigated farm land has either
remained the same or increased, while almost 36% reported a decline.
• Almost 58% said searches on non-irrigated farm land remain at the same level or have
increased, but another 42% reported a decline.
• A solid 68% said searches have remained the same or increased on rural/recreational
tracts.
• It seems significant that on timber/investment properties, almost 38% said searches
have declined, while nearly 35% reported they were about the same and 27% said
searches have increased.
• A good majority – almost 78% – agreed that activity has remained the same or
increased on rural residential homes with acreage.
What best describes the number of listings you are
actively working for defined categories of real estate?
• Irrigated farm land: A little more than half (52%) said they are seeing the same
number of listings or an increase, while almost 48% said they have seen a decline.
• Non-irrigated farm land: Almost 57% said they are seeing the same number of listings
or a slight increase, while 43% said they have declined.
• Rural/recreational tracts: Nearly 70% said they are seeing the same number of
listings or a slight increase.
• Timber/investment: Of the respondents, 65% said they are seeing the same number of
listings or an increase.
• Rural residential homes with acreage: Almost 76% said listings have remained the
same or have increased.
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LAND TRENDS:
NICHE IS IN
While he was traveling in Central Florida for a real estate
conference recently, someone introduced Dan Crocker and
mentioned he was from Thomasville, Georgia.
As Crocker shook hands, the guy asked, “Do you quail hunt?”
Crocker answered enthusiastically: “Every day!”
Not that he does, but he could if he wanted to—and that’s really
the point.
Crocker is the Broker of Crocker Realty, Inc. in downtown
Thomasville, and serves on the Thomasville Area Board of Realtors
as well as the board for the Realtors Land Institute’s Georgia
chapter. He’s keenly interested in market trends and is a student of
developments affecting real estate nationally.
One trend that he says remains strong is dog trainers moving into
Thomas County, confirming Boston, Georgia’s reputation as the
“capital of winter retriever training.”
“You’ll see them driving around the back roads with dog boxes
in the back, going to each other’s ponds and trying different set
ups.” The dog trainers are buying in the mid-range—100 or so
acres—and their need for improvements, such as ponds, fences
and kennels, is a nice boost for the economy. This category of
buyer is adding to the mix of out of state purchasers and part-time
residents.
The day we caught up with Crocker, he had just been talking
to a buyer from Vermont. Earlier in the week, he was working
with buyers from Minnesota and Wisconsin—not all of them dog
trainers. “I think there would be more of them if the economy
would improve up north,” he says.
Land values continue to remain strong in Thomas County and it’s
justifiable, according to Crocker. He recalled a meeting he set up
last spring between a buyer and seller—something that he admits
gives him heartburn to even consider. The buyer told the seller she
could go anywhere else and get the same property for $1,000 or
even $2,000 less per acre, yet the seller didn’t flinch.
“But if you buy here, you’re not going to go to bed at night
wondering what’s going to happen on the property next door.”
Crockers’s point: strict zoning laws have helped protect values in
Thomas County.
Dan Crocker
CROCKER REALTY, INC
Thomasville
The Rural Residential Buyer
Dan Crocker, Broker with Crocker Realty, Inc., worked with a
couple in their 30s last year. They didn’t have kids, were big
deer hunters and were looking for a permanent residence.
It was a challenging deal, it kept going sideways, he says.
“There were tears, fits—I was frustrated,” but he hung in
there and they finally closed early last fall on a 40-plus
acre tract. Then the husband started emailing Crocker
and reporting that his game cameras weren’t getting any
action. “He was sweating it bad,” Crocker says, until the
plantations got cranked up with quail season.
“The deer ran into his woods seeking heavy cover—his
property was bottled up with deer.”
Crocker credits the county’s leadership and foresight for instituting
zoning in the early 1990s. It wasn’t comfortable at the time, but
the area is realizing the benefits today. “They know the policies are
in place to preserve the value of their property,” he says. “There’s a
uniformity to it.”
There was an added bonus. Crocker suggested his client
contact the adjoining property owner to introduce himself,
so he mailed a letter to the out of state owner, who then
offered to let the new neighbor hunt on his property. “So now
he’s sitting on 100 acres,” Crocker says.
Another good bet for holding values is property with a plantation
next door like the 520-acre tract he sold last year. Buyers are
willing to pay more. “There’s a peace about it. Plantations make
good neighbors.”
And the last we heard, the man was still sending him game
photos.
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Mike Matre
Claudine Morgan
MATRE FORESTRY CONSULTING, INC
Albany
BUENA VISTA REALTY
Marion County
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
He had two brothers with a land clearing business tell him it was
booming so much they can’t keep up. “Whenever things are
moving well in Florida, you will see hunters coming into south
Georgia and south Alabama.”
A slight twist in the recreational buyer is the increased interest
in investment potential, whereas, it used to be mostly about the
game. In fact, the two brothers told Matre they were pulling all of
their money out of the stock market and wanted him to get busy
finding them some land.
“That’s not an uncommon mindset,” Matre says, “although I don’t
recommend converting everything. Diversification is a good thing
to have.”
“
A big chunk of Matre’s business is timber investment that often
comes as a referral through forestry consulting. “Timber is
becoming kind of the ‘in’ thing for savvy investors,” he says.
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Traditional recreational buyers in Claudine Morgan’s Marion County
market are also looking for a return, she says. “Our hunters used to
buy land with just hardwoods. Today, they want it with timber, also.
They want that value.”
The Broker with Buena Vista Realty also says she’s seeing an
increase in a less traditional type of recreational buyer—families
with kids. Buena Vista’s proximity to Columbus is part of the
attraction.
Water is the new oil.
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
they of course want good hunting
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
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Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
produce very good annual income, but even a small timberland
investment of just a 100 acres or less can put on very rapid timber
value, which can lead to 8% or better annual return on investment.”
“
— Jon Kohler, Jon Kohler & Associates
Last year, she worked with clients who wanted anything from 15
to more than 100 acres. “A lot of them just wanted to bring out a
camper for the night, bring the kids, ride their four-wheeler.” There
might be a fishing pond on the tract, too. “That’s kind of a new
trend I’m seeing.”
Rural residential properties are also popular in her area. “It’s kind
of a fad to have chickens and maybe do some organic gardening,”
she says.
Occasionally Morgan will get a real city dweller and they don’t
quite know what they’re in for with rural property. One couple
had lived in a large city and never been through an area like what
she was showing. On about the third tract, she could see they had
something else in mind. “We like your property,” they told her, “but
we were hoping to see a grassy yard.”
“They were so sweet about it,” Morgan says, “but all they cared
about was growing grass that they could mow.”
Brant Harrell
Starting younger
Brant Harrell, one of Southwest Georgia Farm Credit’s Relationship
Managers, has noted more younger buyers in the market, “moving
toward the land.”
“They want a few acres to build on, grow some of their own food,”
he says. “They’re looking at it as an investment to round out their
portfolio, too. Not just stocks.”
He’s noted a few new developments in the ag sector as well. Last
year was a good one for agriculture and he has seen some niche
type crops coming into the area. “There’s a push toward crops
being grown on smaller acres,” versus the traditional row crop of
corn, cotton, peanuts, field corn and sweet corn.
Farmers are seeking to diversify, especially the full time ones,
as land values go up and commodity prices go down. Some are
looking at pecans as a crop as well.
Inquiries
20%
40%
60%
Southwest Georgia has been attracting some of the bigger
operations, he says. One of the top 25 vegetable producers in the
country has begun to move away from the West Coast and plant
in this area. “Our soils have a lot to do with it, our weather, climate
and water resources,” he says. “We’ve got the infrastructure. Our ag
businesses are cutting edge—they’re boots on the ground that can
make things happen.”
One of Josh McGalliard’s Farm Credit clients has been adding
one tract a year of irrigated farm land and is now planning to
open a microbrewery in Albany. “He’s going to grow the organic
produce and make beer and other products,” McGalliard says.
As a Relationship Manager for Farm Credit in the Dawson office,
McGalliard has also financed several pecan groves that were
purchased by locals looking to diversify.
Clients
RECEIVED
Listings
ACTIVELY SEARCHING
80%
100%
0%
20%
40%
RELATIONSHIP MANAGER
Of wealth and breweries
“Not full blown organic or natural, but olives, more blueberries and
grapes.”
0%
Josh McGalliard
RELATIONSHIP MANAGER
60%
RECEIVED
80%
100%
0%
20%
40%
60%
80%
100%
IRRIGATED
FARM LAND
NON-IRRIGATED
FARM LAND
RECREATIONAL
TRACTS
TIMBER/
INVESTMENT
RESIDENTIAL
WITH ACREAGE
DECLINE
SAME
INCREASE
FOR REAL ESTATE AS COMPARED
TO PRIOR YEAR, BY CATEGORY
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The property was previously owned by Ed and Lisbeth Fogg. Ed died
about 10 years ago, Bostick says, and upon his wife’s death last year,
because they had no children or direct heirs, the property was sold
through a sealed bid handled by The Wright Group.
Nancemede consisted of nearly 3,600 acres—2,124 that were
under 17 center pivot irrigation systems with 14 deep wells—a
12,000-plus square foot plantation home on a high-bluff
overlooking the Flint River, mixed aged class pine timber stands,
paddocks barns and kennels. The sale offered divided tracts as
small as 41 acres to the entire portfolio. Bostick’s buyer elected to
buy all but two of the tracts.
Bostick knew the plantation well. He got to know Ed Fogg when
the couple relocated from Miami in the 1980s and helped him
acquire nearly half of the properties in his collection. All were
previously individual farms, and many were contiguous.
“He saw the possibility of all this irrigated land and started acquiring
it,” Bostick says. The result was a rare and beautiful thing.
Joe Bostick, Jr
SOUTHERN ASSET SOLUTIONS LLC
Camilla
He’s noted the increased interest by high net worth individuals who
are looking to land as a place to park their money as well. They
know they can get a good return and possibly tax credits if they
pursue conservation easements. Southwest Georgia is a welcome
terrain. With the ag economy down, there are good deals available,
McGalliard says, and he expects it won’t be long before it’s a
buyer’s market.
It’s a trend that Jon Kohler, Broker with Jon Kohler & Associates,
calls, “wealth preservation properties.”
“The niche I specialize in—quality land and quality buyer—are more
worried about their return of capital in this uncertain time versus
their return on capital.” He says buying a piece of land with timber
is like a stock certificate, with one important difference: “Timber
won’t go to zero.”
It can come with good tax benefits, as well. And if it has water?
Well…
“Water is the new oil,” Kohler says. “Everybody knows that water
costs more than gas these days.”
A rare and awesome sale
Availability of water is what made the difference in the sale of
Nancemede Plantation last November. Joe Bostick Jr, Broker with
Southern Asset Solutions LLC, represented the buyer. The deal was
the largest sale of irrigated farm land ever put on the market in
southwest Georgia.
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“The rule of thumb is that farm land changes hands about once
every third generation,” Bostick says. It’s a very stable market,
there’s not a lot of turnover. Because of that it takes a long time to
assemble a portfolio of property like Fogg had—it takes a lifetime.
“You’re limited by the amount of land that comes up for sale,”
Bostick says. “What he did was really hard to do. That made the
offering very unique.”
“
...even a small timberland
investment of just a 100
acres or less can put on
very rapid timber value...
“
— Mike Matre, Matre Forestry Consulting
Nancemede set a new record high for the area, according to
Bostick. “It’s the largest sale of irrigated farm land at any one time
put on the market in this area.” The auction drew a lot of attention
from institutional investors, and other outside buyers who bid on
the property as well. There were a reported 28 different bidders
and about 60 bid combinations—an unusual number, Bostick says.
In the end, it was a local who had the winning bid.
Although he’s been selling ag land, farm and timber tracts for
34 years, this was a milestone for Bostick. “I felt humbled and
fortunate to be a part of it,” he says.
LOOKING AHEAD
Grab a glass of iced tea and settle down a bit. It’s time to take a look at the big picture. And
who better than Southwest Georgia Farm Credit’s CEO, Richard Monson, to give it to us.
Monson may call himself an amateur economist, but after 30 years with Farm Credit, the
truth is, he gets this stuff.
Here are a few nuggets that our Chief Economist and CEO shared with us:
On investors leaving the
stock market for real estate
• There are not a lot of places
where you can find a 3 to 4 percent
return and still have an acceptable
risk proposition as well. The two key
factors, though: “Will irrigated land
rental rates hold?” and “Will interest
rates stay at historical lows?” Neither is
guaranteed.
• As for the wealth preservation
aspect, where people desire to invest
in tangible assets such as woodland or
a plantation for both personal use and
long term wealth preservation—often
including leaving something tangible
as a legacy for future generations—the
market is holding strong. Among the
high net worth individuals.
• Rural land has much less volatility
than commercial real estate, which
helps insulate it from bubbles like we
saw in 2005-2009. But there’s a trade
off. When things go up—it doesn’t go
up as much. And when things go down,
it doesn’t go down as much.
Price trends
• The most notable trend is the
ceiling on irrigated farm land values
that have resulted by the softening
of commodity prices. Revenues from
OUTLOOK
for
2016
production will be off sharply, but
government payments will help make
up for some of the losses.
• Present valuations on irrigated
farm land in southwest Georgia are
the highest in history. We expect these
to stabilize and don’t expect to see a
tremendous escalation.
• Given global supply and demand
and the number of unsteady economies
it does not appear the low price cycle
in agriculture will change very soon.
In fact, we are not that far off on
historical averages for many of the
crops—the aberration was where they
were, not where they are—suggesting
there will not be much upward
pressure on prices. We have a tenuous
equilibrium right now that without a
supply shock there is little support of
upward movement.
• Further commodity price drops
would have a fairly devastating short
term impact on valuations. Long term,
though, the prospects for Southwest
Georgia irrigated farm land are good
because of the quality water supply,
infrastructure, management expertise
and long growing season.
All combine to make the area attractive
for agricultural production. Bottom
line: we’ll fair better than most. But the
water is the key.
• The picture looks bleak for nonirrigated crop land and tracts that do
not have access to a water source for
irrigation. In rural areas lacking any
lifestyle appeal such as aesthetics and
proximity to consumer services, these
properties will see very little upward
movement in values.
• The demand for lifestyle properties,
including woodland, hobby farms and
plantations, have had a resurgence
in growth, though well short of the
pre-real estate bubble. It’s more of a
normalized level of demand, and will
have only a moderate effect on prices.
What water is worth
• The most essential feature is water.
Despite the well drilling moratorium,
the quality and availability of water
supply (in southwest Georgia)
compared to other producing regions is
very favorable.
• Water is a huge thing. The reality
is that you could take irrigated farm
land and derive the value of water. For
example, on a tract priced at $5,000
an acre today, the truth is that it’s
only worth about half as much or less
without the water. That begins to tell
you what water is worth.
Even with stock market volatility and public disenchantment with our political process, there are
some very strong and positive things with the US economy. Incomes are rising, unemployment
is falling and industrial production is up. This should continue an environment where demand for
lifestyle real estate slowly strengthens.
LAND
LAND && LIVING
LIVING -- SPRING
SPRING 2016
2016
LAND
LAND && LIVING
LIVING -- SPRING
SPRING 2016
2016
13
Duane “Banjo” Davis’
Value to Farm Credit
Can’t Be Measured by Appraisals
HE WAS A SOPHOMORE AT NORTH GEORGIA COLLEGE, SITTING AROUND WITH
A BUNCH OF HIS BUDDIES, MAKING UP NICKNAMES FOR EACH OTHER, WHEN
ONE FRIEND DECIDED THAT DUANE DAVIS FROM CAMILLA, GEORGIA, SHOULD
FOREVER BE KNOWN AS “BANJO.”
The next day, all around campus, his fellow classmates didn’t let up,
A native of Grady County, Banjo came home and took up farming,
referring to him by his new tag. Though he showed little enthusiasm
about two miles from the farm where he was raised. He met his wife
for the name, it stuck, so much so that after graduation, on his very
of 53 years, Vonnie, and together they raised two sons and now
first day in the United States Army, Ft. Benning, a buddy from his
enjoy three grandchildren. In 1991, he became the Chief Appraiser
college days saw him from a distance and shouted, “Hey, Banjo!”
for Southwest Georgia Farm Credit. This year—25 years later—will be
And with the nickname came the call handle for his helicopter flight
his last at the Association. He’s decided to call it quits—hanging up
training class—“Banjo Flight.”
his title and his rank for a second time—leaving behind a legacy of
Twenty-one years as an Infantry Officer and a helicopter pilot, many
of those years spent during the tumultuous years of the Vietnam War,
“Banjo took his job as Chief Appraiser to heart,” CEO Richard Monson,
Banjo returned to southwest Georgia an officer and a gentleman,
said. “For 25 years we’ve counted on him to ensure valuations were
ready to take on whatever life brought his way…with a love of country
done correctly and accurately, and our customers have counted on
he proudly served.
him for the same. He’s seen good times and not so good times, and
LAND & LIVING - SPRING 2016
14
integrity, and kindness.
LAND & LIVING - SPRING 2016
Veterans –
Impacting Lives
in Rural Communities
The Farmer Veteran Coalition’s Homegrown
By Heroes Program continues to be embraced
throughout the country.
Launched in 2014, Homegrown By Heroes is
a product labeling program that identifies,
promotes and supports agricultural products
grown and raised by U.S. veterans and those still
has a practicality about the way he approaches the job. We’re going to miss
serving in any branch of the U.S. military. More
his professionalism, not to mention his friendship.”
than 250 farmers in more than 40 states are using
“If I had to describe Banjo in one word it would be ‘dependable,’”
said Brian Wilson, Senior Relationship Manager in the Americus office. “If
Banjo says he’s going to do something, he does it. And beyond that, I can’t
the Homegrown By Heroes label.
Veterans possess the unique skills and character
even begin to explain how much I have learned from him about land values
needed to strengthen rural communities, and food
and the real estate market. He’s approachable, lets you know if you get off
production offers purpose, opportunity,
track, and then he teaches you what he knows.”
and physical and psychological benefits to those
For now, Banjo will spend some extra time with Vonnie and the grandkids,
answer questions from his appraiser trainee, Tyler Foister, who like Banjo,
grew up on the family farm. Tyler knows Banjo is only a phone call away.
Banjo says he’ll eagerly help.
For your years of service—
all of them—thank you, Banjo.
veterans. Through the Homegrown By Heroes
program, Southwest Georgia Farm Credit
celebrates and recognizes opportunities for local
veterans in rural America.
If you would like to learn more about the
Homegrown By Heroes Program or to apply, visit
farmvetco.org.
Honor to the soldier and sailor
everywhere, who bravely bears
his country’s cause. Honor, also,
to the citizen who cares for his
brother in the field and serves,
as he best can, the same cause.
—Abraham Lincoln
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
15
Farmers Renee and Clayton Moss of Thomasville not only grow the
grapes they use to produce Farmer’s Daughter Vineyards wines,
they encourage you to taste it at their new storefront in downtown
Thomasville.
FARMER’S DAUGHTER VINEYARDS
106 North Broad Street, Downtown Thomasville
Wednesdays and Thursdays 11 a.m. to 6 p.m.
Thursday-Saturday 11 a.m. to 9 p.m.
LAND & LIVING - SPRING 2016
16
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
Is it Good to Farm?
IN 2013, DODGE RAN A SUPER BOWL COMMERCIAL FOR ITS RAM TRUCK FEATURING
PAUL HARVEY’S TRIBUTE TO FARMERS. SHOWING THE DIFFICULTY, REALITY AND
BEAUTY OF A FARMER’S WORK, THIS AD WAS WILDLY POPULAR BECAUSE SO FEW
ACTUALLY GET TO EXPERIENCE FARMING. THE AGRICULTURE INDUSTRY, IN MANY
SECTORS, IS GOING THROUGH AN ECONOMIC RESET.
A dedicated Farm Credit Association team member recently asked
me the question “Is it good to farm?” She inquired in earnest on
behalf of her clients, family and neighbors who are each concerned
about industry challenges. I hope as we examine the elements of the
answer to this question you will remember the positive most certainly
outweighs anything else in agriculture, especially for farmers.
Immediately, my first response was yes. The agriculture industry is
strong and opportunistic, particularly, farming. According to farm
record summaries, the top 20 percent of managers consistently
earn a 6 percent rate of return above long-term rate of inflation and
above long-term rates of borrowed capital. Granted, these are above
average managers that maintain good financials and management
practices, and are prudent in investments, living withdrawals, and
farm costs. These managers do not handle the largest operations but
manage within the realm of their resources. Therefore, if profits are a
priority in measuring long-term success, analysis finds opportunities
abound.
Globally, the big picture for agriculture is bright. By the year 2050,
estimates suggest an additional 60 to 70 percent more fiber, food
and fuel will be consumed globally. However, for our next generation
of producers, this increase will only require 70 percent of the current
resource base. In that light, innovation and technology will be the
keys for success. Build upon the principles of the past generation and
focus on productive assets. The philosophies of “efficiency before
growth” or “better is better before bigger is better” can lead to
prosperity in agriculture.
In addition, farming encourages the entrepreneurial spirit. Farming
rewards creativity and innovation in several areas including
production and marketing. Additionally, every farm operation is
structured differently offering flexibility in the alignment of the many,
moving pieces. In farming, there is no formula or magic strategy that
guarantees success. Instead, success can be created in numerous
ways. In the future, growth may be in local, natural or organic
products, or perhaps, in traditional farm operations, or maybe in
larger, more complex, extended family corporations. Farming is a
widely-varied profession and depending on your destination, there is
a type of farming to get you to there.
Just days ago, I spoke to a Future Farmers of American (FFA)
group in Franklin County, Virginia. During my presentation, a young
participant asked if there was a bright future for young people in
agriculture. As with the Farm Credit representative, my response
was a quick and energetic, “Yes!” The agriculture industry directly or
indirectly represents approximately one in six jobs in America. Young
people who understand technology and exhibit good work habits
such as, timeliness, ability to follow direction and social maturity
will have boundless opportunity. Tanner and Sawyer, a senior and
freshman in the group, had both attended our young farmer seminar
sponsored by Farm Credit two weeks prior. At the end of the day,
another speaker, Dr. Alex White, professor at Virginia Tech, and I were
impressed with the pages of notes taken from our talk. What was
even more impressive, however, was Tanner, the high school senior,
assisting another classmate on his spreadsheet cash flow statement
for a start-up beef operation. After seeing this, one cannot help but
be enthusiastic about the future of the agriculture industry and the
profession of farming.
Finally, life on a farm is special. I often hear in informal conversation
with producers that raising a family on the farm is priceless. Growing
up on a working farm affords children a unique perspective as less
than 2 percent of our country’s population is directly involved in
production agriculture. Additionally, farm life allows children to gain
emotional intelligence. Whether or not they ever learn to drive a
tractor, children growing up on a farm absorb a heightened sense
responsibility, teambuilding, life-and-death as well as the seasonal
nature of the industry. This type of intelligence is a life-building, rare
skill. Benefits such as, farm life, do not always have a dollar amount
assigned.
Regardless of the economic outlook, the cycle, or even where we
are in the cycle, it is still good to be in agriculture and yes, to farm.
The agriculture industry is integral to global economics, continuing
innovation, and generations of sustainability. Farming requires
strength of body, mind and heart. It is meaningful and fulfilling
work that provides the food, feed, fiber and fuel upon which life is
sustained. That is honorable and good.
David Kohl received his M.S. and Ph.D.
degrees in Agricultural Economics from
Cornell University. For 25 years, Kohl
was Professor of Agricultural Finance
and Small Business Management and Entrepreneurship in the
Department of Agricultural Applied Economics at Virginia
Tech, Blacksburg, Virginia.
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
17
SELECTING
AN INTEREST RATE
IT’S WISE TO UNDERSTAND THE OPTIONS
BY RICHARD S. MONSON
Asking your lender what is your interest
rate, colloquially known as the price of
your money, is a lot like asking your car
dealer what is the price of cars.
want the money at a certain price, generally the more expensive it is.
In other words, if the price of money to be repaid over 10 years is 5%
then the cost for 15 years might be something in the order of 7%. Just
Just as cars come in a multitude of makes and models, interest rate
like when a bank borrows your money with a Certificate of Deposit
products come in a vast array of attributes. Knowing which interest
(CD) they pay 1.5% for 3 years and 2.25% for 5 years. In essence they
rate product is right for you requires that you ask yourself a series of
have to pay you a higher rate for you to lend them the money longer.
questions.
What ultimately drives this difference? Money is a commodity just
Before we look at the questions, however, there is one fundamental
like farm commodities and it is traded every day around the world.
aspect of the cost of money that must be understood: the longer you
Depending on the supply and demand of money over the range of
INTEREST RATE PRODUCTS
FINAL RATE
FLOATING
15%
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
YR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
3.50%
NO PROTECTION
Payments calculated over 15 years and interest rate and payment can fluctuate monthly.
3/15 +0.75%
4.25%
3 YEARS PROTECTION
Payments calculated over 15 years but interest rate and payment fixed for only 3 years.
5/15
+0.90%
4.40%
5 YEARS PROTECTION
Payments calculated over 15 years but interest rate and payment fixed for only 5 years.
15/15
+1.35%
FULL PROTECTION
4.85%
Payments calculated over 15 years, interest rate and payment fixed for entire 15 years.
1. Examples: Floating 15 is described as an interest rate and payment that can change monthly for the entire 15 year term of the loan.
3/15 is described as a 3 year balloon maturity within which the interest rate will not change with a payment schedule based on a 15 year
amortization.
2. Hypothetical interest rate to borrower used for illustrative purposes only and may not represent actual rates available.
LAND & LIVING - SPRING 2016
18
LAND & LIVING - SPRING 2016
timeframes determines what the cost is on a daily basis. And just like
We finance
your life
in the country.
farm commodities you can hedge the cost of money and contract the
price so that it will not change.
To illustrate how one can determine the degree they wish to remove
uncertainty from their cost of money look at the example shown.
As portrayed in the table for a range of interest rate product structures,
it is apparent that as you move further out in time (3, 5, and 15 year
maturities) the interest rate rises. Whenever the actual maturity is less
than the scheduled amortization, it is called a balloon maturity and the
entire loan is due and payable at that time. More often than not the
loan is renewed, but it is done so at whatever the prevailing interest
rate is at the time. Another way of looking at this is on an incremental
basis, viewing the difference in the money cost that can change
monthly, over that which will not change over set periods of time. So
the first question you need to ask yourself is how much protection you
really want. The basic concept is that the floating rate would have to
rise above the fixed rate greater than the cost differential for more than
half of the term to maturity for the protection of the fixed rate to be
less cost.
Three-year old tee-ball star Tom Chastain legs out a single during a recent game in Bainbridge.
Tom is the son of Carla and Michael Chastain. Carla is a Credit Analyst at Southwest Georgia Farm Credit.
During the low interest rate environment we have experiencedWe’re
for the
proud to support kids, families and our communities throughout southwest Georgia!
last 8 years it would appear that a floating rate was the best choice.
A better way of looking at the issue is more like an insurance contract.
INSIDE THIS ISSUE
Insurance is generally obtained to prevent catastrophic loss from things
we cannot predict and that would have disastrous consequences to
your financial circumstances. And because no one can predict changes
is published quarterly for stockholders,
directors
andespecially
friends of Southwest
Farm
Credit.
in interest
rates,
drastic Georgia
changes,
the
cost of protection is
really just insurance forPRESIDENT
what you can’t afford to have happen. The
Richard
more apt you are to be
ableMonson
to afford interest rate rises the less you
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
Another
might
ask, is
term
to maturity
the only thing that
Johnquestion
M. Bridges,one
Jr., Jeffrey
A. Clark,
James
H. Dixon,
Jr.,
Clifford
Dollar,
Jr., Robert L.
Holden,
Ted other
Milliron factors involved as well,
affects the
cost
of money?
No
thereSr.,are
need insurance, even though you still might want it.
EDITOR & MARKETING DIRECTOR - Liz Nogowski
such as financial capacity of the applicant, whether the repayment is
MARKETING SPECIALIST - Frances Edmunds
4
HAPPY 100TH, FARM CREDIT!
6
AREA REALTORS TELLS US WHAT’S IN THEIR CRYSTAL BALLS
2016 LAND SALES SURVEY
monthly, quarterly or annually and whether the payment structure is a
PUBLISHER - AgFirst Farm Credit Bank
standard equal
payment or other payment structure. Generally these
PUBLISHING DIRECTOR - Padgett Mozingo
factors do not affect
rate as much
PRINTERthe
- Professional
Printersas term to maturity does.
CIRCULATION - Kathi DeFlorio
One thing we see occasionally is when folks get confused or even
14
Address changes, questions or comments should be directed
possibly
misled as to the actual structure of the interest rate product.
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge,
GA a39817,
calling
229.246.0384,
Comparing
the price of
3 year
balloon
productorwith that of a fully
emailing [email protected]. Copies of the
amortized
product
notQuarterly
comparing
apples
to apples. The fully
Association’s
Annualis and
reports
are available
upon
request
free
of
charge
by
calling
1.866.304.3276
or
amortized product in the example above, costs .60%
more than the
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
3 year
balloon
product
(4.85%
vs
4.25%).
What
is
often
lost sight
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or
accessing
the
website,
www.SWGAFarmCredit.com.
The
of is the fact that in 3 years the loan must be renewed at additional
Association prepares an electronic version of the Annual
feesReport
and whatever
interest
is prevalent
the market at the time.
which is available
on therate
Association’s
websiteinwithin
75 days after the
of the fiscal
andbeen
distributes
the a lower price it does
Consequently,
justend
because
youyear,
have
quoted
Annual Reports to Shareholders within 90 days after the
not end
mean
it fiscal
is theyear.
better
deal as itprepares
actually
depends on a number of
of the
The Association
an electronic
version of the Quarterly report within 40 days after the end
factors.
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
Theyear
more
you know, the better your conversation with your lender.
of the institution.
16
18
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
AND OUR BORROWERS, WELL
First-time homebuyers
with a home in the country
FARMER’S DAUGHTER VINEYARDS
Mortgages for those who are self employed
Brenda Brookins NMLS 700141
[email protected] > 229.254.8622
UNDERSTAND YOUR INTEREST RATE
SWGAFarmCredit.com
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
19
3
Deerwood Plantation
Mike Matre
Claudine Morgan
Albany
Marion County
Woods, Water and Wildlife in the Red Hills
MATRE FORESTRY CONSULTING, INC
460 +/Florida making a comeback
ACRES
BUENA VISTA REALTY
h
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
If a mini-plantation with a gated entrance leading to beautiful
He
hadwoods,
two brothers
with alake,
landfour
clearing
himfield,
it was
quail
a nine-acre
bassbusiness
ponds, atell
dove
booming so much they can’t keep up. “Whenever things are
a cabin and guest house, and a dog kennel sounds like what
moving well in Florida, you will see hunters coming into south
you
have been looking for, then Deerwood Plantation is for
Georgia and south Alabama.”
you. A great showplace recreational plantation on the western
A slight twist in the recreational buyer is the increased interest
side of the Thomasville-Tallahassee plantation belt, there are
in investment potential, whereas, it used to be mostly about the
approximately
dozen
namedtold
plantations
five miles.
game. In fact, thea two
brothers
Matre theywithin
were pulling
all of
their money out of the stock market and wanted him to get busy
Deerwood is 460 +/- acres in Grady County, Georgia,
finding them some land.
only one-half mile west of the Ochlocknee River.
“That’s not an uncommon mindset,” Matre says, “although I don’t
The corridor along the Ochlocknee is well-known for
recommend converting everything. Diversification is a good thing
producing some of the area’s biggest bucks. The property’s
to have.”
“
G R A DY CO U N T Y
Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
edges have all been left thick and natural, with summer and
produce very good annual income, but even a small timberland
winter
food plots interior to draw in game. The beautiful,
investment of just a 100 acres or less can put on very rapid timber
sandy-bottom
Grey
forannual
a milereturn
alongon
theinvestment.”
western
value, which can
leadBranch
to 8% orruns
better
boundary of the property.
Traditional recreational buyers in Claudine Morgan’s Marion County
market
looking
a return,
she says.
“Our
hunters used
“This
is are
onealso
of the
bestfor
buys
for a small
quail
plantation
in to
buy land with just hardwoods. Today, they want it with timber, also.
the Red Hills,” stated listing broker, Jon Kohler, of Jon Kohler
They want that value.”
& Associates. “The love and attention this property has been
The Broker with Buena Vista Realty also says she’s seeing an
increase in a less traditional type of recreational buyer—families
with kids. Buena
Vista’s
proximity
to comprised
Columbus isofpart
of the
Deerwood
has great
timber
assets
various
attraction.
aged and very well-managed stands of pines throughout the
given shows. Anyone would be proud to own Deerwood.”
This is one of theWater is the new oil.
best buys for a small
quail plantation
in Red Hills.
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
they of course want good hunting
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
A big chunk of Matre’s business is timber investment that often
comes as a referral through forestry consulting. “Timber is
becoming kind of the ‘in’ thing for savvy investors,” he says.
“
property. It’s been burned and managed for quail. Saw tooth
oaks and autumn olives are throughout the property for game.
There are four ponds, all of which are good bass fishing ponds
— Jon ponds.
Kohler, Jon Kohler & Associates
and two of which are excellent duck
Last year,
she aworked
clients who
anything
from
15
There
is also
featurewith
nine-acre
lake.wanted
The owners
spent
time
to more than 100 acres. “A lot of them just wanted to bring out a
preparing a nice house site on the hill overlooking the lake if
camper for the night, bring the kids, ride their four-wheeler.” There
someone chooses to build there. It’s already set up with a well
might be a fishing pond on the tract, too. “That’s kind of a new
and
golf
trend
I’mcourse
seeing.”quality sprinkler system.
There are two houses on the property. The manager lives in
a ranch-style brick house on the western half of the property,
— JON KOHLER
LAND & LIVING - SPRING 2016
10
20
LAND & LIVING - SPRING 2016
but it would also make a nice guest house. The owner’s cabin
Farm Credit offers:
•
Competitive interest rates and flexible
terms
• out
Financing
large
and small
Three-year old tee-ball star Tom Chastain legs
a singlefor
during
a recent
gameproperties,
in Bainbridge.
Tom is the son of Carla and Michael Chastain. Carla is a Credit
Analyst
at Southwest
Georgia
Farm Credit.
country
homes,
cabins and
retreats
We’re proud to support kids, families and our communities throughout southwest Georgia!
• Loans for machinery and equipment
•
Operating lines of credit
•
Stockholder dividends
INSIDE THIS ISSUE
May we Pre-Qualify you?
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
Richard Monson
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
Bainbridge
John M. Bridges, Jr., Jeffrey A. Clark, James
H. Dixon, Jr.,
84
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
4
PUBLISHING
DIRECTOR
of the property
and
is a -
Padgett Mozingo
Immediate Pre-Qualifications
via our website
•
Weekend and evening appointments
HAPPY 100TH, FARM
to CREDIT!
discuss financing
•
Cairo
Thomasville
93
Deerwood
MARKETING SPECIALIST - Frances Edmunds
Plantation
is on the eastern
PUBLISHERhalf
- AgFirst Farm Credit Bank
•
6
319
Phone consultations regarding the type
of loan program that is best for you
AREA REALTORS TELLS US WHAT’S IN THEIR CRYSTAL BALLS
2016 LAND SALES SURVEY
GEORGIA
FLORIDA
PRINTER - Professional Printers
century-old home
with
FINANCING
AVAILABLE
CIRCULATION - Kathi DeFlorio
14 DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
Tallahassee
great original details in the fireplace and wood
beams, but modernized
AND OUR BORROWERS, WELL
Address changes, questions or comments should be directed
10
with
details Georgia
such as
a Credit
Viking
cooking
range. It features two bedrooms
to Southwest
Farm
by writing
305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
and
two bathrooms and a wraparound porch. There is also a pole barn
emailing [email protected]. Copies of the
Association’s
Annual well
and Quarterly
reports storage.
are available
and
a two-pump
house with
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
16
FARMER’S DAUGHTER VINEYARDS
18
229.254.8421
(c) 229.226.2660 (o)
UNDERSTAND YOUR
INTEREST RATE
$2,360,000
Offered by:
JON KOHLER & ASSOCIATES
WWW.JONKOHLER.COM
850.508.2999 or [email protected]
Count on our expertise and experience.
For more information, contact:
AL NICHOLSON
NMLS 1009267
[email protected]
137 East Jackson Street
Office located in
Historic Downtown Thomasville
LAND
LAND && LIVING
LIVING -- SPRING
SPRING 2016
2016
LAND
LAND && LIVING
LIVING -- SPRING
SPRING 2016
2016
21
3
MARKET TRENDS
WHY CHOOSE FARM CREDIT
for
EQUIPMENT
FINANCING
1
Excellent Rates and Terms
2
Quick Decisions - 20 Minutes or Less
3
Member Dividends - We Share Profits!
Mike Matre
Participating
MATRE FORESTRY Dealers
CONSULTING, INC
AgPro Florida
For Sales Greater than 50 Acres
COUNTY
ACRES
SALES PRICE
$/ACRE
Baker ————————————————————————————————————
141
$
2,000,000
$
1,423
Calhoun ——————————————————————————————————
50
$
90,000
$
1,800
76
$
141,000
$
1,855
383
$
483,000
$
1,261
Clay —————————————————————————————————————
148
$
237,000
$
1,601
250
$
570,000
$ 2,280
52
$
70,000
$
1,346
Decatur ——————————————————————————————————
190
$
400,000
$
2,106
Dougherty —————————————————————————————————
162
$
345,000
$
2,124
93
$
450,000
$ 4,839
Early ————————————————————————————————————
256
$
384,000
$
1,500
103
$
295,000
$ 2,864
198
$
600,000
$ 3,030
Grady ————————————————————————————————————
BUENA
VISTA REALTY
Marion County
60
$
155,000
$ 2,599
Lee —————————————————————————————————————
400
$
1,479,000
$ 3,698
142
$
853,000
$ 6,007
83
$
499,000
$
6,012
SinceMarion
there ———————————————————————————————————
are fewer players in the more complex timberland
$
98,000at very $reasonable
1,601
space, you can get into61good timber
tracts
dirt
Miller ————————————————————————————————————
prices.
“Timberland investments that are thousands of acres do
55
$
200,000
$ 3,636
produce
very——————————————————————————————————
good annual income, but even a small timberland
Mitchell
investment of just a 100
or less200,000
can put on very
83 acres $
$ rapid
2,411 timber
145
$
786,000
$
5,421
value, which can lead to 8% or better annual return on investment.”
960
$
6,647,000
$ 6,924
Traditional recreational
Morgan’s
108buyers$in Claudine
345,000
$ Marion
3,194 County
64for a return,
$
140,000
2,188 used to
market are also looking
she
says. “Our$hunters
62
$
buy land with just hardwoods.
Today,143,000
they want it $with2,306
timber, also.
Randolph —————————————————————————————————
They want that value.”101
$
252,000
$ 2,495
Schley ———————————————————————————————————
The Broker with Buena Vista Realty also says she’s seeing an
335
$
279,000
$
834
increase in a less traditional
type
buyer—families
96
$ of recreational
210,000
$
2,188
with kids. Buena Vista’s71proximity
is part
of
the
$ to Columbus
101,000
$
1,423
Sumter ———————————————————————————————————
attraction.
151
$
271,000
$
1,799
215
$
344,000
$
1,600
79
$
173,000
$
2,190
Thomas ——————————————————————————————————
55
$
226,000
$ 4,097
$ 5,998
56
$ — Jon
333,000
Kohler, Jon Kohler
& Associates
Webster ——————————————————————————————————
$ who
225,000
$
1,957
Last year, she worked115
with clients
wanted anything
from 15
85
$
135,000
$
1,588
to more than 100 acres. “A lot of them just wanted to bring out a
131
$
300,000
$ 2,290
Claudine Morgan
Albany
Progressive Ag International LLC
making a comeback
Progressive
Solutions—Aimtrac
AimtracMike Matre, Broker with Matre Forestry
Consulting,
Inc., says he can tell
there’s
been
a
recovery
in
the
Central
Florida
economy,
Reid Brothers Irrigation as he’s seeing
Albany Tractor Company
an increase from buyers in thatand
areaEquipment
looking forCompany
recreational tracts.
Anderson Manufacturing, Inc.
He had two brothers with a land
clearing
business
Rentz
Irrigation,
Inc. tell him it was
Bridgesbooming
Equipment
Company
so much they can’t keep up. “Whenever things are
River Junction Farm Services LLC
Carsonmoving
Brotherswell in Florida, you will see hunters coming into south
Georgia and south Alabama.” Sharp Irrigation Systems, Inc.
Collins Irrigation
A slight twist in the recreational
buyer Harvest
is the increased
Southern
Equipmentinterest
Dee’s Electric
in investment potential, whereas,
it
used
to
be
mostly about the
Company, LLC
game. InCompany
fact, the two brothers told Matre they were pulling all of
H T McLendon
Southern Wind Ranch, Inc.
their money out of the stock market and wanted him to get busy
Irrigation Plus, Inc.
SunSouth LLC
finding them some land.
J & B Irrigation, Inc.
Swain Equipment
LLC
“That’s not an uncommon mindset,”
Matre says,
“although I don’t
McMillan
Machinery Sales,
LLC everything. Diversification is a good thing
recommend
converting
Tri-State Irrigation
to have.”
Peerless Manufacturing
Recreational buyers seem to be more
cautious now than pre-recession, he
Dealer
locations
and information:
says. “They
do their
homework,
and
they of course
want
good
hunting
SWGAFarmCredit.com
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
“
Water is the new oil.
A big chunk of Matre’s business is timber investment that often
comes as a referral through forestry consulting. “Timber is
becoming kind of the ‘in’ thing for savvy investors,” he says.
10
22
THIRD & FOURTH QUARTER 2015 LAND SALES
LAND
& LIVINGrequirements
- SPRING
2016
* Normal credit
and underwriting
apply.
New customers incur cost of one time stock
purchase. Member Dividend distributions are at the discretion of the Board of Directors. Rates
LAND
&
LIVING
SPRING
2016
subject to change at any time due to market conditions.
“
camper for the night, bring the kids, ride their four-wheeler.” There
might be a fishing pond on the tract, too. “That’s kind of a new
Information for MARKET TRENDS is compiled from publicly
trendavailable
I’m seeing.”
online data. This data shows all transactions recorded by
county, for the time period August 1, 2015 through December 31,
2015, for sales of 50 acres or greater that were available through a
public records search. Commercially-zoned land/properties, as well
as transactions deemed not to be arms-length, are not included in
this summary.
REAL ESTATE: PROPERTY FOR SALE
Georgia
BROOKS COUNTY
CALHOUN COUNTY
286 +/- acres. Strong pine timber tract that borders
Okapilco and Tallokas Plantation on Highway 122.
Approximately 60 acres in cultivation. $2,900 per acre.
Contact Daniel Crocker, ALC, GA/FL Lic. Real Estate Broker
– Crocker Realty, Inc. – 229.403.6297 or 229.228.0552.
Website: www.landcroc.com
89 +/- acres. Attractive small hunting tract for the
BAKER COUNTY
outdoorsman complete with open fields, pine uplands, and
hardwood bottomland with creek frontage. The area is
well-populated with deer, dove, and turkey. Approximately
20 acres are productive cultivated land with sandy loam soil
types. In the future, the cropland can be leased or converted
232 +/- acres. Approximately a mile inside west Baker
to timber or pasture. Approximately 30 acres are loblolly
County on both sides of Crestview Road (paved) is this
pine planted in 1998, offering excellent wildlife habitat
beautiful deer and turkey tract with 12 to 15 year-old pines
which will continue to improve with active forest
that have not been thinned, hardwoods, and a couple of
management and offering potential future timber revenue.
cypress bottoms/wet spots. Good road system and plenty of
There are 11 +/- acres of hardwood bottomland surrounding
places for food plots. Property is joined on the north by a
Neals Creek, a pristine tributary. The pine plantations and
large managed plantation and on the other sides by farm
bottomland offer prime habitat for deer and turkey. There is
land. Road frontage on two county maintained dirt roads.
a beautiful natural spring on the property, and frontage on a
Plenty of deer and turkey to hunt and only 50 miles
Three-year
old
tee-ball
star
Tom
Chastain
legs
out
a
single during a recent game in Bainbridge.
well-maintained county road. $164,650. Contact Chad
southwest of Albany. $523,125. Contact Bob Dutton
Analyst–at
Southwest
Georgia Farm
Credit.
Matre
Forestry Consulting,
Inc. – 229.881.6067
– Needmore Properties – 229.894.7373 or 229.439.1837. Tom is the son of Carla and Michael Chastain. Carla is a Credit McGrath
We’re proud to support kids, families and our communities
throughout southwest
Georgia!
or by email at [email protected].
Website:
www.
Website: www.needmoreproperties.com
matreforestry.com
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
Richard Monson
BOARD OF DIRECTORS
Kim Rentz, Chairman
87 +/- acres.
Nochaway
Retreat is a beautiful
Robert
B. Moss,Creek
Vice Chairman
andJohn
private
propertyJr.,with
nearly
one-half
mileH.ofDixon,
pristine
M. Bridges,
Jeffrey
A. Clark,
James
Jr.,
and serene
onRobert
the Nochaway
Creek.
TheMilliron
2,300
Cliffordfrontage
Dollar, Jr.,
L. Holden,
Sr., Ted
+/- sq. ft. cypress house is built high and dry on stilts, which
EDITOR
MARKETING
DIRECTOR
- Liz Nogowski
maximizes
the&views
and features
over 3,500
sq. ft. of
multi-level
porches and
decks. Much
of theEdmunds
creek-frontage
MARKETING
SPECIALIST
- Frances
property in this county is owned by a few large plantations
PUBLISHER
AgFirst
Credit
Bank
such as Ichauway,
Deer-Run,
andFarm
Caney
Creek.
Great road
system, beautiful
old-growth
hardwoods,
uplands,
PUBLISHING
DIRECTOR
- Padgettmature
Mozingo
pasture, a 7,200PRINTER
+/- sq. ft.
garage, and more. Formerly the
- Professional Printers
site of an old grist mill and evidence of Native American fish
- Kathi –
DeFlorio
weirs. $715,000.CIRCULATION
Contact Jon Kohler
Jon Kohler &
Associates – 850.508.2999 or by email at [email protected].
Address
changes,
questions
or
comments
should be directed
Website: www.jonkohler.com
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
CLAY COUNTY
INSIDE THIS ISSUE
11 +/- acres. This 3 BR/2 BA home in the country
offers plenty of privacy and the property includes a variety of
outbuildings and corrals. The acreage is entirely accessible
and has been fenced and cross fenced to accommodate
livestock and more specifically, a unique herd of donkeys
which can be included with the property. The home features
a spacious great room with a picture window and great view
of the property. There is also a dining area, lots of kitchen
cabinets and practically new stainless steel appliances. One
HAPPY
100TH,
FARM CREDIT!
barn is original to property and features
great
storage for
farm implements. The yard is partially fenced to
accommodate pets. Ask about Conservation Use Assessment.
MLS #908940. $189,900. Contact Kay Davis – Rose City
Realty, Inc. – 229.403.0730 or 229.225.9225 or by email at
19 +/- acres. Located on the banks of the
[email protected].
AREA REALTORS TELLSChattahoochee
US WHAT’S
INthis
THEIR
CRYSTAL
BALLS
River,
beautiful
contemporary
home
offers 2,676 +/- sq. ft. with a 3 BR/2 BA open floor plan.
2016 LAND SALES SURVEY
Interior doors and exterior windows have transoms.
Beautiful sunroom overlooking the 20 x 40 waterfall pool.
Covered patio and two-bay carport adjacent to the pool.
Landscaped yards with concrete driveway. There is also a
guest home on the property with 766 +/- sq. ft. and central
DUANE “BANJO” DAVISheating/air
SERVED
OUR
along
with COUNTRY,
a wood burning stove and great office
space. Just minutes to George T. Bagby State Park and Golf
AND OUR BORROWERS,
WELL
Course and Lake Walter F. George. $379,000. Contact Roy
Neves – South Georgia Land & Timber – 229.942.0479 or by
email at [email protected]. Website: www.
landandtimber.net
4
6
14
16
FARMER’S
DAUGHTER
VINEYARDS
169 +/- acres. This property
on Shelley Road
has 90
+/- acres in cultivation. Great soil. Timber. Tremendous
wildlife tract. Suitable for pivot placement. $3,600 per acre.
Contact Daniel Crocker, ALC, GA/FL Lic. Real Estate Broker
– Crocker Realty, Inc. – 229.403.6297 or 229.228.0552.
Website: www.landcroc.com
Financing Available
for Qualified Buyers.
18 UNDERSTAND YOUR INTERESTCall
RATE
Brant Harrell,
Relationship Manager,
229.254.6359.
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
23
3
REAL ESTATE: PROPERTY FOR SALE
COLQUITT COUNTY
DECATUR COUNTY
22 +/- acres. The Old Ingram Home Place is a
wonderful example of a classic, gentleman’s farm with the
18 +/- acres. The beautiful and historic Iris Court was
1,550 +/- acres. Historic Trulock Farms was
focal point the circa 1890 historic home, complete with
built in 1854 in Albany for Judge John and Adelaide Stovall
originally a land grant from King George III to the Trulock
Corinthian columns, original millwork, heart pine flooring,
Jackson. The home faced being torn down and dismantled
Family. A perfect mix of mature, upland timber and irrigated
and screened sleeping porch. The home has been updated
for its beautiful materials, but was rescued by Edward Vason
farm land makes this the ideal recreational and investment
over the years and features 4 BR/3 BA, a formal living room,
Jones who had admired Iris Court as a young boy. As an
opportunity. Rolling hills and an abundance of water
dining room, and a pine paneled study with fireplace. The
architect, Mr. Jones had the pleasure of dismantling,
provides for excellent duck pond sites. There are 215
surrounding outbuildings further add to the charm of this
reconstructing, and renovating/restoring Iris Court for his
+/- acres under center pivot irrigation with well producing
historic farm and include a turn-of-the-century country
friend, Charles O. Smith, Jr., who purchased the home and
1,000 gallons per minute. All contiguous. Contact Matthew
doctor’s office, well house, and utility barn. For the horse
moved it to Moultrie where it sits today. The home features 4
Smith – Oconee Properties – 706.340.4018 or by email at
enthusiasts, a classic red barn has been restored on the
BR/4.5 BA along with stunning architectural features and
[email protected]. Website: www.
property and four paddocks have been constructed, complete
sprawling gardens – all with privacy and a rich history.
trulockfarms.com
with a round pen. All of the features combine to create a
Contact Katie Gatewood – Hughey & Neuman, Inc.
truly unique and diverse property that has been cherished
– 229.436.0212 or 229.881.0743 or by email at katie.
for generations. Contact Ben McCollum – 229.221.6680 or
[email protected] or Crisp Gatewood – Plantation
Eric McCollum – 229.200.4457 – The Wright Group.
Inc. – 229.888.2500 or 229.347.1336
or by emailVISTA
at
Website: MATRE
www.wrightbroker.com
FORESTRY CONSULTING, INCServices,Albany
BUENA
REALTY
Marion County
[email protected]. Websites: www.
albanyhousehunting.com
or
www.plantationservicesinc.com
46 +/- acres. This property has frontage on Hwy 39
and is located just minutes from Pataula Creek and George
T. Bagby State Park and golf course. $78,500. Contact Julian
Morgan – South Georgia Land & Timber – 229.881.2779
or by email at [email protected]. Website: www.
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
Since there are fewer players in the more complex timberland
landandtimber.net
Mike Matre
Claudine Morgan
Florida making a comebackCRISP COUNTY
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
He had two brothers with a land clearing business tell him it was
booming so much they can’t keep up. “Whenever things are
moving well in Florida, you will see hunters coming into south
Georgia and south Alabama.”
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
produce very good 435
annual
but even
a small
timberland
+/-income,
acres. Hightower
Farm
was established
in
has allortheless
essentials
for the
investment of just a1947
100and
acres
can put
oncommitted
very rapid timber
outdoorsman. There is a bunkhouse that sleeps six, a sizeable
value, which can lead
8%and
orsurrounding
better annual
onMile
investment.”
poleto
barn
habitatsreturn
with Four
Creek,
planted pines, and hardwoods areas that attract all the game
Traditional recreational
buyers
Claudine
Morgan’s
Marion County
you care
to hunt.inIncludes
a sizeable
timber investment.
$2,950for
per a
acre.
Contactshe
Robsays.
Langford
– Southern
Land
market are also looking
return,
“Our
hunters
used to
A slight twist in the recreational buyer is the increased interest
Realty – 850.556.7575 or by email at rob@
154 +/- acres. Pecan Hill is a beautiful
with ajust hardwoods.
buyproperty
land with
Today,
they
want
it
with
timber,
southernlandrealty.com. Website: www.southernlandrealty. also.
in investment potential, whereas, it used to be
mostly about
theLake Blackshear. Approximately
one-of-a-kind
home near
com
They
want
that
value.”
120 were
acres ofpulling
irrigated all
pecan
game. In fact, the two brothers told Matre they
oftrees. The 7,800 +/- sq. ft. home
on
5
+/acres
for
$1.175M
or
home
and
entire
acreage
for
25 +/acres.
Located
Creek, this
secluded
their
money
outonofPataula
the stock
market
and wanted
himContact
to get
busy
The Broker
$1.975M.
Crisp
Gatewood – Plantation
Services,with Buena Vista Realty also says she’s seeing an
acreage includes 13 surveyed lots, 10 of which are waterfront
Inc. – 229.888.2500 or 229.347.1336 or byincrease
email at in a less traditional type of recreational buyer—families
some home
land.with 2,500 +/- sq. ft.
as wellfinding
as a 4 BR/2them
BA two-story
[email protected].
Home has large kitchen and great room and comes with
with kids. Buena Vista’s proximity to Columbus is part of the
“That’s
an uncommon
mindset,”
furnishings
with not
the exception
of some personal
items. Matre says, “although I don’t
attraction.
Wired recommend
storage building/shop
and boat dock.
$375,000. Diversification is a good thing
converting
everything.
Contact Julian Morgan – South Georgia Land & Timber
to have.”
– 229.881.2779
or by email at [email protected].
Website: www.landandtimber.net
“
Water is the new oil.
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
they of course want good hunting
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
“
— Jon Kohler, Jon Kohler & Associates
14 +/- acres. Located on Belcher Lane, this property is
Last year, she worked
with
clients
who
wanted
a great
building
lot and
is just
minutesanything
from the city.from 15
Financing for Farms,
Property
accessed
Whigham
Road
to more than 100 acres.
“Acan
lotalso
of be
them
justfrom
wanted
to Dairy
bring
out a
– driveway where sign is located. No deed restrictions. MLS
camper for the night,
bring the
kids,Contact
ride their
four-wheeler.”
Timber, Weekend Retreats.
#RM4300A.
$64,900.
Cathy McConnell
– Miller There
A big chunk of Matre’s business is timber investment that often
Griffinon
Realty
by emailkind
at cathym@
might be a fishing pond
the– 229.220.0243
tract, too. or
“That’s
of a new
Call Brian Wilson,
millergriffin.com. Website: www.millergriffin.com
comes as a referral through forestry consulting. “Timber is
trend I’m seeing.”
becoming kind of the ‘in’ thing for savvy investors,”
he
says.
Relationship Manager,
24 +/- acres. This wooded property on Sykes Mill Road
near Climax offers a well maintained mobile home with nice
front and back decks, and a detached carport. Attapulgus
229.254.6417.
Creek and another branch come together on the property.
Plenty of deer tracks have been seen. MLS #RM2790A.
LAND & LIVING - SPRING 2016
24
10
LAND & LIVING - SPRING 2016
REAL ESTATE: PROPERTY FOR SALE
26 +/- acres. Beautiful waterfront acreage on Bowyer
$59,500. Contact Rollins Miller – Miller Griffin Realty
– 229.220.2704 or by email at [email protected].
Website: www.millergriffin.com
Road with over 1,400’ on Lake Seminole near Jack Wingate’s
Lunker Lodge. Plenty of wildlife, great fishing, and a place
to build a home or subdivide to sell lots. MLS #LR55A.
$188,900. Contact Rollins Miller – Miller Griffin Realty
– 229.220.2704 or by email at [email protected].
Website: www.millergriffin.com
and only two hours from the Gulf Coast. There is a mobile
home on the property which is not part of the sale. This
individual rents the land for $114.00 per month and will stay
or move the mobile home if buyer so requests. MLS
#LV1951A. $55,000. Contact Ruth Martin – Miller Griffin
Realty – 229.400.0013 or by email at [email protected].
Website: www.millergriffin.com
9 +/- acres. Located in desirable River Oaks
Subdivision. MLS #LV3965A. $84,900. Contact Rollins Miller
– Miller Griffin Realty – 229.220.2074 or by email at rollins@
millergriffin.com. Website: www.millergriffin.com
12 +/- acres. This property on Sam Scott Road is
partially cleared with remaining acreage wooded land and is
surrounded by farmland and pastures. Excellent for deer,
turkey and quail hunting. There is a 1999 single wide
Fleetwood mobile home included in the sale of the land. The
home is 1,120 +/- sq. ft. with 3 BR/2 BA and has central heat
and air. The mobile home is being rented at the present time.
There are three storage areas also on the property. MLS
#4797. Contact Ken Horn – DeHildren Realty –
229.416.9804. Website: www.dehildren.com
34 +/- acres. Meadow Ridge is a large secluded estate
size property like no other on the market today. A beautifully
wooded property that offers all of the benefits of living out in
the country while being convenient to work and town.
$250,000. Contact Mills Brock or Bud Holleman – 3 Rivers
Realty – 229.220.0816.
46 +/- acres. Located in the southern part of the
county near the Florida state line, this property has a
potential
uses, including
It fronts
Three-year old tee-ball star Tom Chastain legs out anumber
singleofduring
a recent
gamerecreational.
in Bainbridge.
U.S. Highway 27 on two sides of the road and has access
Tom is the son of Carla and Michael Chastain. Carla is a Credit from
Analyst
at Southwest Georgia Farm Credit.
a dirt road for hunting. MLS #AT2524A. $134,734.
We’re proud to support kids, families and our communities
throughout
Georgia!
Contact Pam Simpson
– ERA southwest
Simpson Realty
– 229.254.1127
or by email at [email protected]. Website: www.
erasimpsonrealty.com
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
8 +/- acres. Certified
organic year-round farm
PRESIDENT
operation with two 60 x 90 state-of-the-art hydroponic
Richard Monson
greenhouses that are computerized and a three-acre farm
OF DIRECTORS
field (with acreageBOARD
to expand)
that operates on a two-zone
Rentz,
drip irrigation. The Kim
entire
farmChairman
field, along with the
greenhouses, are
certified
organic
Quality Certification
Robert
B. Moss,
VicebyChairman
Services
in Bridges,
Orlando,Jr.,
FL.Jeffrey
Custom
designed
Tyson
Steel Jr.,
John M.
A. Clark,
James
H. Dixon,
building,
builtDollar,
in 2010,
offers 2,392
+/- sq.
with
three
Clifford
Jr., Robert
L. Holden,
Sr.,ft.
Ted
Milliron
roll-up doors for easy access. The building has a walk-in
EDITOR & MARKETING DIRECTOR - Liz Nogowski
cooler, main open area, office, handicapped sized bathroom,
SPECIALIST
Francesloft.
Edmunds
kitchen, MARKETING
two storage rooms,
and a- storage
The building
and greenhouses
all have
3-phase
electric
and
the private
PUBLISHER
- AgFirst
Farm
Credit
Bank
well is a four-inch well with a five horsepower submersible
PUBLISHING
DIRECTOR
- Padgett
Mozingo
pump. $750,000.
Contact
Marla Ames
– ERA
Simpson Realty
– 229.220.2532PRINTER
or 229.243.9200
or by Printers
email at marlasames@
- Professional
gmail.com. Website: www.erasimpsonrealty.com
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
9
+/- acres. This lot on Crystal Lake offers great fishing,
end of the fiscal year. The Association prepares an electronic
relaxation,
and scenery – a great place to spend time in the
version of Only
the Quarterly
report
within 40 days
after
the end
outdoors.
15 minutes
to Bainbridge
and 30
minutes
to
of each fiscalMLS
quarter,
except that
no report
needRollins
be prepared
Tallahassee.
#LR3213A.
$59,900.
Contact
Miller
forMiller
the fiscal
quarter
that
coincides withorthe
of at
therollins@
fiscal
–
Griffin
Realty
– 229.220.2704
byend
email
year of the institution.
millergriffin.com.
Website: www.millergriffin.com
INSIDE THIS ISSUE
34 +/- acres. A true Antebellum style home that
features 4 BR/2.5 BA along with two living areas and a bonus
room for a nursery or craft room.HAPPY
Larger den100TH,
has brick FARM CREDIT!
hearth with wood burning fireplace. Separate formal dining
room, breakfast area and kitchen with plenty of cabinet
space and new oven. Large laundry room with pantry space
and room enough for a deep freezer or extra refrigerator.
6 +/- acres. This is an awesome retreat that is six miles
Dual central heat and air. Open floor plan entertainment
Landing
Seminole)
and fourBALLS
miles from
building with kitchen near the creek
bank REALTORS
and stocked fish TELLSfrom
AREA
USFaceville
WHAT’S
IN (Lake
THEIR
CRYSTAL
Jack Wingate’s Landing (Lake Seminole). Settle into this
pond. Gazebo swing overlooks stream fed pond. Perfect
2016
LAND
SALES SURVEY
Pinnacle Park home and then invite guests to bring their
family home, small farm, corporate
retreat,
quiet retirement
RV’s as there are five RV hook-ups. Entertain in the 36 x 36
living, weekend getaway, bed and breakfast, or
cookhouse with insulation and kitchen with AC/H. This
entertainment facility. MLS #908653. Contact Scottie
property also has an outside bathroom with beautiful tile
Thompson – 229.221.2761 or Sarah Thompson –
floors and tiled shower and a 24 x 36 pole barn with cement
229.403.0745 – KeySouth Real Estate Group, Inc. Website:
Fenced
and locked
gate at entrance. MLS
www.keysouth.com
DUANE “BANJO” DAVISflooring.
SERVED
OUR
COUNTRY,
#RM4414A. $127,900. Contact Cathy McConnell – Miller
Griffin
Realty – 229.220.0243 or by email at cathym@
AND OUR BORROWERS,
WELL
millergriffin.com. Website: www.millergriffin.com
4
6
14
31 +/- acres. Good property for hunting, small
16
18
farming track, or for a home. Mobile homes allowed or
build your own home. Convenient to Bainbridge, Cairo,
FARMER’S DAUGHTER VINEYARDS
and Tallahassee. MLS #LV4702A. $86,800. Contact Linda
Collins – Miller Griffin Realty – 229.254.9096 or by email at
[email protected]. Website: www.millergriffin.
com
UNDERSTAND YOUR INTEREST RATE
31 +/- acres. This acreage affords you the opportunity
to build in privacy, enjoy a wooded setting with pond that
needs some rehab, plant a huge garden and maybe shoot a
turkey or two and still be only approximately 15 minutes
south of Bainbridge and about 30 miles north of Tallahassee
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
25
3
REAL ESTATE: PROPERTY FOR SALE
Inc. – 229.436.0212 or 229.344.5261 or by email at callie.
[email protected]. Website: www.albanyhousehunting.com
121 +/- acres. A little bit of paradise on Spring Creek
with this 7 BR/3.5 BA custom built brick home that offers
4,150 +/- sq. ft. Home features beautiful hardwood floors,
formal living and dining room, oversized den with fireplace,
master on main floor, and screened porch. There is mature
landscaping, a sprinkler system, and wired storage building.
MLS #4753. Contact Larry Lennard – DeHildren Realty
– 229.220.1031. Website: www.dehildren.com
9 +/- acres. This property has been cleared for an
airstrip and includes a wooded area around the cleared
section. Located near Climax. MLS #LR4786A. $35,000.
Contact Patricia Harrell – ERA Simpson Realty –
229.254.3660 or by email at [email protected]. Website:
www.erasimpsonrealty.com
14 +/- acres. Beautiful home site on this tract with
hardwoods and a pond site on the northwest corner of the
property. Approximately five acres of high ground planted in
pines that have been thinned. $64,000. Contact Bob Dutton
– Needmore Properties – 229.894.7373 or 229.439.1837.
Website: www.needmoreproperties.com
Mike Matre
390 +/- acres. Home, pecan grove, and 8 +/- acre pond
make this an excellent investment property. Approximately
120 acres irrigated pecan grove, 80 +/- acres non-irrigated
pecan grove, and 190 +/- acres pasture land that is possible
agriculture land. Pecan varieties include Money Makers,
Stewards, Paper Shells, and Seedlings. The home features
2,500 +/- sq. ft. There are five wells on the property – two
four inch wells for grove, a covered equipment shelter, and
barn. This is an income producing property. $1,500,000.
Contact Vince Barfield – Barfield Auctions, Inc. –
229.679.2223 or by email at [email protected].
Website: www.barfieldauctions.com
Claudine Morgan
MATRE FORESTRY
DOUGHERTY
COUNTY CONSULTING, INC
Albany
BUENA VISTA REALTY
Marion County
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
Since there are fewer players in the more complex timberland
1,028 +/acres.
Flint Rock Plantation has three miles
there’s been a recovery in the Central Florida economy,
as
he’s
seeing
space,
you can get into good timber tracts at very reasonable dirt
of river frontage and has been managed for
exceptional
and timber
for the past decade. There
are beautiful
an increase from buyers in that area looking forwildlife
recreational
tracts.
prices.
“Timberland investments that are thousands of acres do
10 +/- acres. This property offers southern style at its
views with high bank frontage along the pristine mature
produce
very good best
annual
income,
even
small
with acreage
and but
a 5 BR/4
BA a
home
withtimberland
4,953 +/- sq.
hardwood
bottoms
the Flint River. Wildlife flows from
He had two brothers with a land clearing business
tell
him itof was
The acres
two-level
the formal
dining
roomtimber
and
adjoining Nonami Plantation, which is approximately
6,500
investment
of just aft.100
orfoyer
lessopens
cantoput
on very
rapid
booming so much they can’t keep up. “Whenever
things
a wood paneled library with built-in cabinetry and one of the
acres and
locatedare
across the river. Good numbers of wild
value, which can lead
tofireplaces
8% or better
annual
return
onand
investment.”
three
in the home.
Intricate
molding
custom
coveys of quail
an abundant trophy deer and turkey
well in Florida, you will see hunters coming
into and
south
4,968moving
+/- acres.
Tarva Plantation is a beautiful and
design throughout. There are two living spaces – one with
population makes this an excellent diverse hunting tract.
and south
Alabama.”
Traditional recreational
in Claudine
Marion
County
historicGeorgia
property located
15 minutes
from Albany’s Regional
accessbuyers
to the screened
porch andMorgan’s
the other with
a fireplace.
Contact Walter Hatchett – Jon Kohler & Associates
Airport, with acreage in both Dougherty and Baker counties.
The gourmet
kitchen features
custom“Our
cabinetry,
Thermador
– 850.508.4564 or by email at [email protected].
market are also looking
for a return,
she says.
hunters
used to
The main
house (circa
1848)
is surrounded
by majestic
Liveis the Website:
A slight
twist
in the
recreational
buyer
increased
interest
gas range with convection oven, pantry, bar seating, and
www.jonkohler.com
buy land with just hardwoods.
Today,
they
with
Oaks. Out buildings have been recently renovated. Bounded
eat-in area. Upstairs
features
thewant
masteritsuite
thattimber,
includes aalso.
in
investment
potential,
whereas,
it
used
to
be
mostly
about
the
by the Cooleewahee Creek to the east, Tarva has trophy deer
fireplace with marble accent, a sitting room overlooking the
They want that value.”
game.wild
In fact,
two brothers
Matre they were pulling all of
and abundant
turkeythe
populations.
Numeroustold
cypress
backyard, his-and-her walk-in closets, and a luxurious
ponds their
offer duck
hunting.
Restoration
of the quail
habitatand
is wanted him to get busy
master
bath. There
are also
four additional
bedrooms,
a bonus
money
out
of the stock
market
The
Broker
with
Buena
Vista
Realty
says she’s
seeing
an
near completion, and approximately 400 acres of irrigated
room, and upstairs and downstairs laundry. The backyard is
finding
them
some
increase in a less traditional
type
of
recreational
buyer—families
crop land
provides
both early
andland.
late season dove shooting.
a private oasis with a gunite saltwater pool, deck with
$21,150,000. Exclusive listing. Contact Lee Walters
pergola,
manicured walking
trails, andis
space
forof
horses.
with kids. Buena Vista’s
proximity
to Columbus
part
the
- Plantation
Services,
229.343.3830 ormindset,”
229.888.2500Matre
or
“That’s
not Inc.
an –uncommon
says, “although I don’t
$495,000. Contact Callie Walker – Hughey & Neuman, Inc.
attraction.
by email at [email protected]. Website: www.
– 229.344.5261 or 229.436.0212 or by email at callie.
recommend converting everything. Diversification is a good thing
plantationservicesinc.com
[email protected]. Website: www.albanyhousehunting.com
to have.”
“
Water is the new oil.
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
they of course want good hunting
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
A big chunk of Matre’s business is timber investment that often
comes as a referral through forestry consulting. “Timber is
becoming
kind in
ofplantation
the ‘in’ country,
thing for
savvy investors,” he says.
51 +/acres. Located
a majority
of this property is in planted pines with a gated front
entrance on Tarva Road. Less than a 10 minute drive to
town. Abundant wildlife. A weekend retreat, hunter’s dream,
or a home site. Contact Callie Walker – Hughey & Neuman,
LAND & LIVING - SPRING 2016
26
10
LAND & LIVING - SPRING 2016
“
— Jon Kohler, Jon Kohler & Associates
Last year, she worked with clients who wanted anything from 15
to more than 100 acres. “A lot of them just wanted to bring out a
camper for the night, bring the kids, ride their four-wheeler.” There
might be a fishing pond on the tract, too. “That’s kind of a new
trend I’m seeing.”
Financing Available for
Qualified Buyers.
Call Al Nicholson,
Relationship Manager,
229.254.8421.
REAL ESTATE: PROPERTY FOR SALE
Gatewood – Hughey & Neuman, Inc. – 229.881.0743 or
229.436.0212 or by email at [email protected].
Website: www.albanyhousehunting.com
175 +/- acres. Flint River Woods is a first class
property located on the Flint River. Upland acres consists of
25 year-old planted pines and bottomland acreage consist of
mature hardwoods. Beautiful views on the property’s 2,300
+/- elevated feet on the river. Excellent deer and turkey
hunting. A timber cruise is on file. $3,150 per acre. Contact
Crisp Gatewood – Plantation Services, Inc. – 229.888.2500
or 229.347.1336 or by email at [email protected].
Website: www.plantationservicesinc.com.
4,640 +/- acres. Magnolia Plantation is located
southwest of Albany and 15 minutes from the airport.
Excellent quail, dove, duck, deer, and turkey hunting. Lodge,
guest houses, stable, and kennel. $14,950,000. Exclusive
listing. Contact Lee Walters – Plantation Services, Inc.
– 229.888.2500 or 229.343.3830 or by email at pserv@
bellsouth.net.
walk-in barn are located behind the house. $760,000.
Contact Lee Walters – Plantation Services, Inc. –
229.343.3830 or 229.888.2500 or by email at pserv@
bellsouth.net. Website: www.plantationservicesinc.com
100 +/- acres. This tract offers excellent wildlife
populations, beautiful hardwoods, and a creek. A camper
trailer and well and septic tank gives the owner a move-in
opportunity. Established ATV trails offer access virtually all
over this property. A sportsman’s paradise. $249,000. Contact
Julian Morgan – South Georgia Land & Timber –
229.881.2779 or by email at [email protected].
Website: www.landandtimber.net
AUCTION – 182 +/- acres. SATURDAY, MAY 21,
2016 AT 10:00 A.M. J. Durham & Associates will conduct
an auction for 182 +/- acres located on Lockette Station
Road
adjoining Winterwood
Subdivision.
homes sites.
Three-year
old tee-ball
star TomGreat
Chastain
legs out a single during a recent game in Bainbridge.
Excellent hunting. Estate-size tracts from 10 acres to 33
Tom is the
son
of
Carla
and
Michael
Chastain.
Carla
is
a Credit Analyst at Southwest Georgia Farm Credit.
acres. Ten percent buyer’s premium. For more information,
proud
to support
families and our communities throughout southwest Georgia!
contactWe’re
J. Durham
& Associates,
Inc. –kids,
800.342.2666.
Website: www.jdurhamauctions.com
EARLY COUNTY
3,890 +/- acres. Cane Mill Plantation is located in the
heart of the Albany Plantation Belt and has been intensively
managed for generations for optimal quail habitat. The
is published quarterly for stockholders,
property strikes a perfect balance between quail and timber
directors and friends of Southwest Georgia Farm Credit.
management, in addition to irrigated and dry land
agriculture. Cane Mill is PRESIDENT
surrounded on all sides by
established plantations which further enhance the wildlife
Richard Monson
and recreational value of the property. The property is fully
BOARD
OFbarn,
DIRECTORS
improved, including
a lodge,
kennel, and manager’s
KimContact
Rentz, Chairman
house. $4,675 per acre.
The Wright Group
B. Moss,
Vice Chairman
– 229.226.2564.Robert
Website:
www.wrightbroker.com
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
emailing
[email protected].
Copies
of the
8
+/- acres.
Built entirely of native southern
longleaf
yellow
pine and
designed
the locally,
famousare
Philip
Association’s
Annual
andbyQuarterly
reports
available
Shutze,
this home
originally
as a1.866.304.3276
plantation home
upon request
freewas
of charge
bybuilt
calling
or
on
the Flint
it was moved
to Southwest
the currentGeorgia
location
writing
RyanRiver
Burtt,before
Chief Financial
Officer,
just
Albany.
Nestled
amongBainbridge,
beautiful live
and
Farmoutside
Credit,of305
Colquitt
Highway,
GA,oaks
39817,
mature
Georgia
the home
features 10.5 ft. interiorThe
or accessing
thepines,
website,
www.SWGAFarmCredit.com.
walls,
fashioned
with 12”
pineofinthe
reverse
Association
prepares
an beautiful,
electronic heart
version
Annual
board-and-batten.
The floor
planAssociation’s
accommodates
5 BR/6.5
Report which is available
on the
website
within
BA
or three bedrooms on the main level with formal living,
75 days after the end of the fiscal year, and distributes the
formal dining, kitchen, den, laundry, and attached two-car
Annual Reports to Shareholders within 90 days after the
garage. On the extensive grounds, set among the Spanish
end of the fiscal year. The Association prepares an electronic
moss draped oaks and native azaleas, are tennis courts, a
version of the
Quarterly
report
days
afterorthe end
swimming
pool,
and an 800
+/-within
sq. ft. 40
artist
studio
of each fiscal
quarter,
noproperty
report need
be preparedby
workshop
with
14 ft. except
ceilings.that
This
is surrounded
for theoffiscal
quarterfinest
that coincides
with the endContact
of the fiscal
some
the south’s
hunting plantations.
Katie
year of the institution.
INSIDE THIS ISSUE
63 +/- acres. Planted pines and hardwoods on this
property located on west side of U.S. Hwy 27 at the
intersection of Cannon Road, about 10 miles south of
Blakely. Front of property is planted in CRP longleaf and
HAPPY 100TH, FARM CREDIT!
loblolly pines while the back of the property has a small
amount of hardwoods. Would make a nice home site and a
good hunting tract. Property is surrounded by irrigated farm
land and woods. $1,750 per acre. Contact Brad Waller – Agri
Land Realty – 229.221.3339. Website: www.aglandsales.com
277 +/- acres. Natural stand of longleaf pine with
AREA
REALTORS
TELLS
US WHAT’S IN THEIR CRYSTAL BALLS
some oaks scattered throughout. This property has been well
managed for timber and hunting.2016
The wiregrass
LANDunderstory
SALES SURVEY
makes it excellent for quail hunting. Great deer hunting.
Good internal road system which can be accessed by the
paved or dirt road entrances. Located approximately nine
miles south of Blakely on Big Pine Road and Cedar Springs
Highway. Contact Brad Waller – Agri Land Realty
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
– 229.221.3339. Website: www.aglandsales.com
4
6
14
16
AND OUR BORROWERS, WELL
361 +/- acres. Located approximately four miles east
FARMER’S DAUGHTER VINEYARDS
of Blakely on Hwy 62, this farm consists of 160 +/- acres of
irrigated farm land with excellent yields and timber values.
Great deer, turkey, duck, and dove hunting. The irrigated
portion of the farm is leased for $250/acre. There are 17
+/- acres of longleaf pines that are out of the CRP program
so pine straw can be harvested. $1,155,200. Contact Bob
UNDERSTAND YOUR INTEREST
RATEProperties – 229.894.7373 or
Dutton – Needmore
229.439.1837. Website: www.needmoreproperties.com
250 +/- acres. Andell Farms includes a 3 BR/2.5 BA
home overlooking three stocked fish ponds. A small creek
runs along the west property line. The woods and water of
Andell offer dove, quail, duck, deer, and turkey hunting as
well as fishing. For the horse lover, a fenced pasture and
18
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
27
3
REAL ESTATE: PROPERTY FOR SALE
10 +/- acres. Unimproved acreage on Spooner Quarter
Road. $38,000. Contact Sarah Avery – The Whittaker Agency
– 229.416.5081.
175 +/- acres. Great hunting land for the outdoorsman
or acreage with planted pines for the investor. Close to Cedar
Springs. West side of property follows along the Sawhatchee
Creek. Hardwoods, 40 +/- acres of approximately 15 year-old
longleaf pines, and two year-old slash pines finish out the
acreage. Priced less than $2,000 an acre. Contact LeAnn
Inlow – DeHildren Realty – 229.254.9472. Website: www.
dehildren.com
Mike Matre
167 +/- acres. Hutchinson Place is a unique,
plantation-style recreational property located just south of
Thomasville and only 15 minutes north of Tallahassee, FL on
the Georgia/Florida state line with 1,965 +/- ft. of frontage
on Highway 319. It is nestled among Red Hills Region
plantations including Mandalay, Foshalee, and Aberfeldy,
and only minutes from Tall Timbers Research Station and
Land Conservancy. This gently rolling property is prime
habitat for quail as well as deer and turkey. Impressive stand
of mature longleaf pines mixed with grand live oaks create
an ideal setting for recreational purposes. Property currently
contains no conservation covenants. Contact Rebecca Chubb
Sanford – Chubb Associates, Ltd. – 229.226.7916 or
229.221.2622. Website: www.chubbrealty.com
Claudine Morgan
MATRE FORESTRY CONSULTING, INC
788 +/- acres. Sheppard Family Farm is historic,
Albany
BUENA VISTA REALTY
Marion County
diverse, and loaded with game and has been in the family for
more than 200 years. Located just five miles east of Blakely, it
is surrounded by hunting and agricultural properties,
creating the ideal habitat for sustaining wildlife. Recent
improvements
have transformed
it intoMatre
a greatForestry
recreationalConsulting,
246 Inc.,
+/- acres.
pines and natural
Mike Matre,
Broker with
says hePlanted
can tell
Sincehardwood
there are fewer players in the more complex timberland
tract with even more potential. $1,925 per acre. Contact Rob
timber with highway frontage. Sowhatchee Creek runs
there’s
beenLand
a recovery
in the Central
Florida economy,
he’s seeing
Langford
– Southern
Realty – 850.556.7575
or by email
through theas
property
attracting plenty of space,
deer and you
turkey.can get into good timber tracts at very reasonable dirt
at [email protected].
Website:
can drive righttracts.
down to the creek or drive
along“Timberland
the high
an increase from buyers
in www.
that area looking forYou
recreational
prices.
investments that are thousands of acres do
southernlandrealty.com
bank. Located in the southwest part of the county in the
produce
very
good
annual
income, but even a small timberland
Cedar Springs
community
He had two brothers with a land clearing business
tell him
it wasabout three miles north of U.S.
Hwy 84 and just minutes to Alabama stateinvestment
line and
acres.
Micasa
“My
houserapid
is yourtimber
of just a123
100 +/acres
or less
canFarms
put –on
very
booming so much they can’t keep up. “Whenever
thingsRiver.
are Contact Brad Waller – Agri Land
Chattahoochee
house” – is a welcoming greeting to this property and its
value, which can lead
to+/8%sq.orft. better
annual
return
on investment.”
Realty – 229.221.3339.
2,900
home, attached
four-bay
carport,
huge barn
moving well in Florida, you will see hunters coming
into southWebsite: www.aglandsales.com
with six stalls and fully lighted riding arena, pond, cultivated
Georgia and south Alabama.”
Traditional recreational
in Claudine
Marion
fields,buyers
and hardwoods.
This tractMorgan’s
is in excellent
huntingCounty
condition
borderedshe
by a says.
quail plantation
and working
market are also looking
for and
a return,
“Our hunters
used to
A slight twist in the recreational buyer is the increased interest
family farm in the historic Red Hills Region. $596,000.
buy land with just hardwoods.
Today,
they
want
it
with
timber,
also.
Contact Rob Langford – Southern Land Realty –
in investment potential, whereas, it used to be mostly about the
850.556.7575 or by email at [email protected].
They want that value.”
game. In fact, the two brothers told Matre they were pulling all of
Website: www.southernlandrealty.com
Florida making a comeback
GRADY COUNTY
their money out of the stock market and wanted him to get busy
finding them some land.
The Broker with Buena Vista Realty also says she’s seeing an
increase in a less traditional type of recreational buyer—families
with kids. Buena Vista’s proximity to Columbus is part of the
attraction.
255 +/acres.
value on this
tract with 60
“That’s
notBig
antimber
uncommon
mindset,”
Matre says, “although I don’t
year-old planted pines and mature hardwoods. Timber
recommend
converting
everything.
Diversification
is a good thing
cruise available and recent survey. Located just east of
Blakelyto
onhave.”
a county paved road. This gently rolling tract has
a lot to offer with 85 +/- acres of cultivatable land with rental
incomeRecreational
plus a stand of natural
and seem
planted to
pinebe
which
slopes
buyers
more
68 +/- acres. Wolf Creek Pastures is a turn-key
down to Lime Branch where you will find beautiful
operation for those with horses or cattle. Improved pasture
cautious
now
thaninpre-recession,
he
hardwoods.
Best deer
hunting
the area. Small wet weather
land with two ponds, seven detached barns, and a small
pond good
for“They
duck hunting.
Goodhomework,
internal road system
says.
do their
and and
— Jon Kohler, Jon Kohler & Associates
rental house that presently rents month-to-month for $400
a small secluded hunting lodge for a weekend retreat. Good
per
month.
The
barns
on
the
property
have
the
potential
for
they
of
course
want
good
hunting
soils. $2,800 per acre. Contact Brad Waller – Agri Land
Last year,
she worked
clientsThis
who
wanted
rental to other businesses in the area for overflow
inventory
Realty and
– 229.221.3339.
Website:
43with
+/- acres.
property
has aanything
pecan grove,from
woods15
aesthetics,
butwww.aglandsales.com
they also want to see how
the property can
storage/hay storage or are prime for conversion to
and open
It features
andto
is conveniently
to more than 100 acres.
“A land.
lot of
them road
justfrontage
wanted
bring out a
uses. $375,000. Contact Mills Brock
produce
forwith
them
over 10onor even commercial/industrial
20 years.”
70 +/acres. financially
Prime crop land
long frontage
located between Cairo and Thomasville. MLS # RS4590A.
camper
for the night,
bring Contact
the kids,
rideRenaud
their–four-wheeler.”
– 3 Rivers Realty – 229.416.6136 or by email
at
two paved roads. Great location just north of Blakely. $2,780
$195,000.
Charles
Realty Mart, Inc. There
[email protected].
A Contact
big chunk
of Matre’s
business
is timber investment
that often
per acre.
Chip Hancock
– Allied
Land & Timber
– 229.224.3239
229.377.8007
or by email
at grilz@
might be a fishing pond
on the ortract,
too. “That’s
kind
of a new
Company,
Inc. –as
800.590.6439.
www.alliedlandga.
syrupcity.net.
comes
a referralWebsite:
through
forestry consulting. “Timber is
trend
I’m
seeing.”
com
“
Water is the new oil.
becoming kind of the ‘in’ thing for savvy investors,” he says.
LAND & LIVING - SPRING 2016
28
10
LAND & LIVING - SPRING 2016
“
REAL ESTATE: PROPERTY FOR SALE
pine tract with plentiful wildlife. Super nice dog kennels.
Hilltop forest views. $214,065. Contact Daniel Crocker, ALC,
GA/FL Lic. Real Estate Broker – Crocker Realty, Inc.
– 229.403.6297 or 229.228.0552. Website: www.landcroc.com
10 +/- acres. Located near Whigham, this 4 BR/3 BA
236 +/- acres. Pine Hill Farm offers one and one-half
miles of pristine frontage on the Ochlocknee River. Wild
game is plentiful, including big deer, turkey, quail, dove and
ducks. Located just north of the Florida/Georgia line and
midway between Hadley Ferry Bridge in Georgia and
Fairbanks Ferry Bridge in Florida. 65 +/- acres planted in
crops suitable for wild game food source and balance of
property is a mix of mature hardwood and pine. Prime deer
habitat. The 50’ x 50’ hay barn with enclosed metal shed was
built in 2014. Deep water well and a three-acre duck pond.
Neighboring land consists of mostly undeveloped
recreational property. No conservation easements. Contact
Harris Strickland – Chubb Associates, Ltd. – 229.226.7916 or
850.510.8100. Website: www.chubbrealty.com
home features a split-floor plan with two master suites on
each end of the house. The master suite off the kitchen could
also be used as additional living space with access to the
outside deck that stretches across the back of the home. The
living area is open with vaulted ceilings and opens to the sun
porch that leads to a large multi-level deck and covered
patio. The home has a formal dining room as well as a
breakfast area in the kitchen. MLS #908635. Contact Lynn
Corbin – 229.977.3829 – or Paula Barrett – 229.421.9724
– KeySouth Real Estate Group, Inc. Website: www.keysouth.
com
16 +/- acres. Located in the heart of the Red Hills
Plantation Region, this gentleman’s estate is located across
from Susina Plantation and features a 3 BR/3 BA home
nestled among old growth longleaf, loblolly, and short leaf
pines, along with mature hardwoods. Sunroom overlooks
pond. Open floor plan includes a well equipped kitchen,
dining room/living room combination with heart pine walls
and ceilings, and two master suites with wide open views of
the wildlife habitat. The detached two-car garage has a 22 x
28 apartment above. A separate two bedroom guest house
with
wood-burning
also features
peckyChastain
wood. A 24legs
x out a single during a recent game in Bainbridge.
Three-year
oldstove
tee-ball
star Tom
78 detached
storage/workshop
and aChastain.
20 x 20 detached
Tom is the
son of Carla
and Michael
Carla is a Credit Analyst at Southwest Georgia Farm Credit.
storage building are also on the property. MLS#908754.
We’re
proud
support
kids,Realty
families and our communities throughout southwest Georgia!
$575,000.
Contact
Pam to
Davis
– Rose City
– 229.672.0241 or 229.225.9225.
published
quarterly
for frontage
stockholders,
155 +/- isacres.
With
paved road
on Lower
directorsTrail
and friends
ofRoad
Southwest
Georgia
Farm
Hawthorne
and State
111, this
property
hasCredit.
approximately 80 acres in cultivation. Pond and natural
PRESIDENT
waterfall. Planted pines and
hardwood. Lots of deer and
Monson
turkey. $3,950 per acre.Richard
Contact
Bobby Miller – The Real
Estate Shop – 229.377.7777.
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
63
+/- acres.
Located
Singletary
Road 305
and Colquitt
to Southwest
Georgia
Farmon
Credit
by writing
convenientBainbridge,
to Thomasville
Cairo.
Big hardwood
and or
Highway,
GA and
39817,
calling
229.246.0384,
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
Excellent Rates and Terms
for Land Financing.
Call Josh McGalliard,
Relationship Manager,
229.995.4491.
INSIDE THIS ISSUE
295 +/- acres. Six Toms Farm is named for the six
committed huntsmen who frequented this tract and the
game they bagged the most. It has all of the essentials for the
HAPPY 100TH, FARM CREDIT!
outdoor life, including a rustic cook shack and bonfire pit.
Enjoy hunting in the woods or fishing in the Ochlocknee
River or pond. $2,966 per acre. Contact Rob Langford
– Southern Land Realty – 850.556.7575 or by email at rob@
145 +/- acres. An equestrian’s dream that comes
southernlandrealty.com. Website: www.southernlandrealty.
complete with a beautiful ranch-style home, horses and barn
on property that is fenced/cross fenced.
in the low TELLScom
AREALocated
REALTORS
US WHAT’S IN THEIR CRYSTAL BALLS
rolling hills of northern Grady County, this 3 BR/3.5 BA
2016
LAND
SALES
SURVEY
home is complemented by buildings that fill almost any
equestrian need. MLS #RS4230A. $661,500. Contact
Charles Renaud – Realty Mart, Inc. – 229.224.3239 or
229.377.8007 or by email at [email protected].
4
6
14
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
AND OUR BORROWERS, WELL
16
FARMER’S DAUGHTER VINEYARDS
37 +/- acres. Less than a half-hour from Tallahassee,
Thomasville and Bainbridge, this beautiful homestead offers
country living at its best and city conveniences. This is a
custom designed home with a split floor plan offering three
bedrooms with their own bath for comfort and convenience.
The large screened back porch provides a peaceful and
5 +/- acres. This acreage includes 13 pecan trees and
UNDERSTAND
YOUR
INTEREST
RATE
tranquil scene
of beautiful pastures and fields. There is
two storage buildings. Ideal building site with creek in the
plenty of room to install a riding arena and over a mile of
middle of the property. $40,000. Contact Bobby Miller – The
riding trails. The 20 x 60 barn has one large horse stall and
Real Estate Shop – 229.377.7777.
room for several more. Approximately 15 acres of the 37+
acres are nine year-old planted pines and border a small
creek which could make a great lake site. Located on the
18
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
29
3
REAL ESTATE: PROPERTY FOR SALE
western edge of the famous Red Hills Plantation area of
South Georgia. MLS #RS4021A. $299,900. Contact Charles
Renaud – Realty Mart, Inc. – 229.224.3239 or 229.377.8007
or by email at [email protected].
61 +/- acres. Approximately 22 acres of open land,
small creek, natural woods, deer and turkey. $169,538.
Contact Bobby Miller – The Real Estate Shop
– 229.377.7777.
Mike Matre
LEE COUNTY
MACON COUNTY
2,275 +/- acres. Fox Creek Plantation is surrounded
688 +/- acres. Indian Mound, LLC is a gentleman’s
retreat located in the famous Flint River corridor. It is
comprised of two parcels with each having a unique layout
and recreational opportunities. The property includes a
custom lodge built by Chip Shelton. Other outbuildings
include matching guest quarters, enclosed storage barn, new
multi-dog kennel, large pole barn, and more. Food plots are
established throughout and have been professionally
managed, as has the beautiful hardwood and pine timber
located throughout the property. Deer and turkey hunting,
floodable duck pond, and fishing pond. Contact Mack
Greene – Greene Forest & Farm Realty, LLC – 229.924.9048.
Website: www.greeneforestandfarm.com
by large hunting properties and farms and is in one of
southwest Georgia’s most desirable locations. The property is
comprised of mature pines, hardwoods, productive
cultivated fields, ample weed fields for quail brood habitat,
and numerous wet weather duck ponds. Fox Creek
Plantation boasts abundant game populations of quail, deer,
and turkeys. $3,500 per acre. Contact Crisp Gatewood
– Plantation Services, Inc. – 229.888.2500 or 229.347.1336 or
by email at [email protected]. Website: www.
plantationservicesinc.com
Claudine Morgan
MATRE FORESTRY CONSULTING, INC
Albany
BUENA VISTA REALTY
Marion County
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
conversions. This property is directly across from the Mule
Day grounds
in Calvary,
GA. The
converted
6,860
sq. ft.looking for recreational tracts.
an increase
from
buyers
in that
area
prices. “Timberland investments that are thousands of acres do
shade tobacco barn has multiple uses, including a 2,600+ sq.
produce
455 +/with high
percentagevery
of good annual income, but even a small timberland
ft. home
primarily
with reclaimed
wood
that isclearing
over 100 business
Hebuilt
had
two brothers
with
a land
tellacres.
him itTimberland
was
mature pine (also some pre-merchantable)
and cypress. Also
years-old and a 1BR/1 BA Mother-in-Law Suite with fully
investment
of just a 100 acres or less can put on very rapid timber
booming
so much
can’t keep
up. “Whenever
aresq. ft. home, a caretaker’s house, kennel,
includesthings
a 2,000 +/37 +/- acres. This property on Englishville Road
equipped
kitchen under
the barn,they
but separate
from the
value,
which
to 8%
better
annual
return
on investment.”
equipmentinto
shelter,
and more. Hunting blue
chip for
deer, can lead
includes
a 3or
BR/2
BA 1995
mobile home.
$149,900.
Contact
main dwelling.
subject
features amazing
viewssee
fromhunters
the
movingThe
well
in Florida,
you will
coming
south
turkey, and ducks. Upscale country neighborhood is
Jimmy Whaley – Century 21 Americus Realty, Inc.
second story balconies overlooking the grounds and interior
Georgia and south Alabama.”
Traditional recreational
buyers in
Claudine Morgan’s
County
southern portion of the old Eagle Pond Plantation.
– 229.938.4837
or 229.924.2903
or by email atMarion
jwwhaley@
entertainment areas under the main barn. The incredible
$1,100,000. Contact Craig Brown – Southeastern
ymail.com.
craftsmanship is evident throughout the structure, including
marketHunting
are also looking
for a return, she says. “Our hunters used to
slighttops
twist
the recreational
increased
Inc. –interest
229.432.1010 or 229.349.1680. Website:
cementAcounter
in theingourmet
kitchen. MLS buyer is the Services,
buy land with just hardwoods.
Today, they want it with timber, also.
www.afieldandfarm.com
#RS3997A.
$299,000. Contact
Charles Renaud
– Realty
MARION COUNTY
in investment
potential,
whereas,
it used to be
mostly about the
Mart, Inc. – 229.224.3239 or 229.377.8007 or by email at
They want that value.”
game. In fact, the two brothers told Matre they were pulling all of
[email protected].
their money out of the stock market and wanted him to get busy
The Broker with Buena Vista Realty also says she’s seeing an
LAMAR
COUNTY
finding
them some land.
increase in a less traditional type of recreational buyer—families
with kids. Buena Vista’s proximity to Columbus is part of the
“That’s not an uncommon mindset,” Matre says, “although I don’t
attraction.
recommend converting everything. Diversification is a good thing
to have.”
5 +/-there’s
acres.been
The newest wave in rural living is barn
a recovery in the Central Florida economy, as he’s seeing
“
Water is the new oil.
“
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
JonCreek
Kohler,
Jon Kohler
& Associates
940 +/- acres.—Dry
Plantation
is a turn-key
6 +/- acres. This beautiful building lot on the west side
offering
that
includes
numerous
cabins,
horse
barn/pasture
they of course want good hunting
of the county is located on a cul-de-sac and gives you many
andwith
equipment
sheds.
Excellent
hunting
and fishing,
QDM/15
year,
clients
who
wanted
anything
from
options
for a primarycan
home and room forLast
a guest
houseshe
or worked
and aesthetics, but they also want to see how
the property
high protein feeding program. Stocked fish ponds and
workshop. The rear of the property backsto
up more
to wooded
acres
than
100 acres.
“A
lot
of
them
just
wanted
to
bring
out a
bordered by two creeks. Merchantable and pre-merchantable
produce
themnear
over
10 or
20 green
years.”
370 +/acres.financially
Furlow Farmfor
is located
Griffin
andeven and
space for even more privacy. Minimum building
for the night,
ridefood
their
four-wheeler.”
pinebring
timberthe
and kids,
established
plots.
Scenic property There
just one hour south of Atlanta. There is merchantable
requirements are 1,700 sq. ft. Call for platcamper
and covenants/
located in rolling hills, perfect for family, group ownership or
big hardwoods,
chunk of pasture,
Matre’s
investment
often
plantedApines,
andbusiness
two ponds is
on timber
the
restrictions.that
Contact
Katie Gatewood – Hughey
Neuman,
might& be
a fishing pond
on the tract, too. “That’s kind of a new
corporate retreat. $2,250 per acre. Contact Lee Walters
property.
The main
has 5,000
+/- sq. ft.forestry
with 4 BR/4.5
Inc. –“Timber
229.436.0212
email at katie.
comes
as home
a referral
through
consulting.
is or 229.881.0743 or bytrend
I’m seeing.” – Plantation Services, Inc. – 229.888.2500 or by email at
BA. Deer, turkeys, and ducks. $2.9M. Contact Crisp
[email protected]. Website: www.albanyhousehunting.com
[email protected].
becoming
kind
of the
thing fororsavvy investors,” he says.
Gatewood
– Plantation
Services,
Inc.‘in’
– 229.888.2500
229.347.1336 or by email at [email protected].
Website: www.plantationservicesinc.com
LAND & LIVING - SPRING 2016
30
10
LAND & LIVING - SPRING 2016
REAL ESTATE: PROPERTY FOR SALE
MITCHELL COUNTY
116 +/- acres. Prime timberland in the northern part
of the county, conveniently located to the Columbus area.
This tract consists of thinned 1992 pine plantation along
with beautiful hardwoods along a nice creek. The tract has
long county road frontage and is an excellent location for
trophy deer and turkey hunting. $1,750 per acre. Contact
Allied Land & Timber Company at 800.224.9939. Website:
www.alliedlandga.com
5 +/- acres. Lots of wide-open space on this property on
Bent Oak Trail. Home has open floor plan with hardwood
floors. Kitchen features custom cabinets, solid surface
counter tops, and stainless appliances. Large master with
fabulous master bath. Guest bathroom has big shower and
jetted tub. In addition to the home, there is a two-car garage,
workshop, and a storage building. MLS #RS4587A. $205,000.
Contact Linda Collins – 229.254.9096 or by email at
[email protected]. Website: www.millergriffin.
com
53 +/- acres. Acreage and a 3BR/2 BA home
overlooking the stocked 15-acre lake. This property offers
serenity and privacy for fishing, hunting, riding an ATV,
hiking, or simply relaxing in a swing on the screened front
porch. Road frontage on both Harmony Road, which is the
main entrance, and Hwy 19. The entrance is gated with a
concrete drive and beautiful landscaping. There is a detached
garage/workshop/mancave with a full bath and work
benches, equipment/livestock area with fencing, and RV
Shelter or pavilion for entertaining with a separate bath.
MLS #908451. $299,900. Contact Kay Davis – Rose City
Realty, Inc. – 229.403.0730 or 229.225.9225 or by email at
[email protected].
Three-year old tee-ball star Tom Chastain legs out a207
single
during
a recent
game
in Bainbridge.
+/acres.
Great tract
to plant
trees or to have
Tom is the son of Carla and Michael Chastain. Carla is a Credit cattle.
Analyst
atsoil
Southwest
Credit.
Good
map. Some Georgia
timber andFarm
wildlife.
$1,500
We’re proud to support kids, families and our communities
throughout
southwest
Georgia!
per acre. Contact
Daniel Crocker,
ALC, GA/FL
Lic. Real
Estate Broker – Crocker Realty, Inc. – 229.403.6297 or
229.228.0552. Website: www.landcroc.com
550 +/- acres. Located on Ft. Perry Road, this property
offers beautiful pasture land that is fenced and cross-fenced
for rotational grazing. There is row crop land, a large flowing
creek, and an excellent pond site. Great recreational property
is published quarterly for stockholders,
with excellent deer, turkey, quail, and dove hunting.
directors and friends of Southwest Georgia Farm Credit.
$962,500. Contact Vince Barfield – Barfield Auctions, Inc.
– 229.679.2223 or by email
at [email protected].
PRESIDENT
Website: www.barfieldauctions.com
Richard Monson
MILLER COUNTY
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
INSIDE THIS ISSUE
5 +/- acres. This property offers the opportunity for a
mini-farm with horses and cows plus country living only a
short distance from town. Mobile homes are allowed, but
must be five years-old or less. MLS #4773. Contact Ken Horn
– DeHildren Realty – 229.416.9804. Website: www.
dehildren.com
4
6
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
12
+/- acres.
Mini-farm
located
Mayhaw
Call
to Southwest
Georgia
Farm Credit
byon
writing
305Road.
Colquitt
for details.Bainbridge,
MLS #4405.GA
Contact
Long 229.246.0384,
– DeHildren or
Highway,
39817,Gail
calling
Realty – 229.220.2980.
Website: www.dehildren.com
emailing
[email protected].
Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
HAPPY 100TH, FARM CREDIT!
125 +/- acres. Great recreational property with 60
+/- acres of longleaf pines in CRP until 2020. Tract also has
AREA REALTORS TELLSpine
USand
WHAT’S
hardwood IN
mixTHEIR
timber, a CRYSTAL
3 +/- acre pondBALLS
with a
well, and an extensive road system. $500,000. Contact Vince
2016 LAND SALES SURVEY
Barfield – Barfield Auctions, Inc. – 229.679.2223 or by email
at [email protected]. Website: www.
barfieldauctions.com
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
14 would make an exciting
6 +/- acres. This property
AND OUR BORROWERS, WELL
alternative to apartment living or small housing. The quality
built brick building features 13,533 sq. ft. that offers plenty
of possibilities. MLS #RS3253A. $300,000. Contact Cathy
McConnell – Miller Griffin Realty – 229.220.0243 or by
email at [email protected]. Website: www.
millergriffin.com
FARMER’S DAUGHTER VINEYARDS
16
Experts in Land
Financing.
Call Duane Watson,
18 UNDERSTAND YOUR INTEREST RATE
Relationship Manager,
229.254.6387.
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
31
3
REAL ESTATE: PROPERTY FOR SALE
RANDOLPH COUNTY
Owner will consider subdividing the property. Contact Bill
Hughey – Hughey & Neuman, Inc. – 229.436.0212 or
229.881.3617 or by email at [email protected].
Website: www.albanyhousehunting.com
152 +/- acres. Conveniently located to Cuthbert, this
property would make an excellent weekend retreat. There are
663 +/- acres. Preakness Plantation has everything
planted pines, food plots, hardwood and pine timber mix,
from virgin timber to Bobwhite quail and while the rolling
and a creek flowing through the property. Excellent deer and
hills are managed for quail, the property supports turkey,
turkey hunting. $319,200. Contact Vince Barfield – Barfield
deer, and gopher tortoise. Located at 407 Orr Road in
Auctions, Inc. – 229.679.2223 or by email at vince@
484 +/- acres. This excellent recreation property has
Coleman, this beautiful property has 360 +/- acres in planted
barfieldauctions.com. Website: www.barfieldauctions.com
planted pines, food plots, duck ponds, and a large creek
pines: 297 +/- in plantation pines, 43 +/- acres in 6 year-old
running through the tract. Great deer, turkey, and small
longleaf pines, and 20 +/- acres in 8 to 10 year-old planted
game hunting. Metal building with outside and inside
pines. There are 280 +/- acres in hardwoods and natural
machinery storage and completely finished living quarters.
pines with approximately 100 acres of virgin timber. The
$956,000. Contact Vince Barfield – Barfield Auctions, Inc.
property has 23 managed food plots, 2 streams, a 40 x 50
– 229.679.2223 or by email at [email protected].
shop with a half bath, a 30 x 40 full kitchen facility with a
Website: www.barfieldauctions.com
bath and lodging, dog kennels with septic for up to 8 dogs, a
4” well, and 4 gated entrances. Owned by a real estate
professional. $1.85 M. Contact Julian Morgan – South
Georgia Land
and Timber
– 229.881.2779
or by email at
MATRE
FORESTRY
CONSULTING,
INC
Albany
BUENA VISTA REALTY
Marion County
[email protected]. Website: www.landandtimber.net
Mike Matre
Claudine Morgan
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
233 +/- acres. Managed for quail, deer, and turkey,
thisplayers
tract has food
plots,
roads,complex
hardwoods,timberland
water, and
Since there are fewer
in the
more
highway frontage. $1,895 per acre. Contact Julian Morgan
space, you can get into
good
timber
tracts
at–very
reasonable
– South
Georgia
Land and
Timber
229.881.2779
or by dirt
at [email protected].
Website: of
www.
prices. “Timberland email
investments
that are thousands
acres do
landandtimber.net
produce very good annual income, but even a small timberland
64 +/-tell
acres.
He had two brothers with a land clearing business
him Timberland
it was on Rhodes Creek Road offers
excellent hunting for deer and turkey. $2,195
per acre. of just a 100 acres or less can put on very rapid timber
investment
booming so much they can’t keep up. “Whenever
are – South Georgia Land and Timber
Contactthings
Julian Morgan
value, which can lead to 8% or better annual return on investment.”
– 229.881.2779
by email at [email protected].
moving well in Florida, you will see hunters coming
into or
south
Website: www.landandtimber.net
Georgia
and
south
Traditional recreational buyers in Claudine Morgan’s Marion County
203 +/acres.
Located
fiveAlabama.”
to six miles southeast of
Cuthbert on Fountain Bridge Road, this tract has planted
market are also looking for a return, she says. “Our hunters used to
A slight
twist
in theasrecreational
buyer is the increased interest
pines that
are ready
for thinning
well as very impressive
buy land with just hardwoods. Today, they want it with timber, also.
hardwoods.
Excellent deerpotential,
and turkey hunting.
Thereitisused
a
in investment
whereas,
to be mostly about the
furnished mobile home on the property. All equipment
They want that value.”
In fact,
theplot
two
brothersis available
told Matre
neededgame.
for mowing
and food
maintenance
as they were pulling all of
well. $360,325.
Contact Bob
Properties
their money
outDutton
of the– Needmore
stock market
and wanted him to get busy
The Broker with Buena Vista Realty also says she’s seeing an
– 229.894.7373 or 229.439.1837. Website: www.
finding them some land.
increase in a less traditional type of recreational buyer—families
needmoreproperties.com
with kids. Buena Vista’s
proximity
to Columbus
is part
of the
87 +/acres. This
timberland/hunting
property
is
“That’s not an uncommon mindset,” Matre says, “although I don’t
located in an upscale farming area. Paved road, creek, older
attraction.
recommend converting everything. Diversification is a good thing
timber of pine and hardwoods. Deer hunting is excellent and
enhanced by adjoining agricultural fields. Approximately 32
to have.”
“
Water is the new oil.
“
acres in CRP longleaf pines paying $1,800 per year. $2,200
per acre. Contact Craig Brown – Southeastern Hunting
223 +/- acres. This tract, which is located in both
Recreational buyers seem to be more
Services, Inc. – 229.432.1010 or 229.349.1680. Website:
Randolph County and Terrell County, has great water
cautious now than pre-recession, he
www.afieldandfarm.com
resources with approximately one and one-half miles of
creek frontage on both the Ichawaynochaway Creek and the
says. “They do their homework, and
— Jon Kohler, Jon Kohler & Associates
West Fork Ichawaynochaway Creek. Beautiful hardwood, a
they of course want good hunting
great stand of 1996 +/- upland natural loblolly needing
Last year, she worked with clients who wanted anything from 15
thinned
on a high sitecan
index, 1996 +/- upland natural
and aesthetics, but they also want to see how
the property
to morewhich
than 100 acres. “A lot of them just wanted to bring out a
produce financially for them over 10 or even hardwood/pine
20 years.” mix, and non-irrigated row crops,
could also be used for pasture or CRP longleaf.
The
ample
camper for the night, bring the kids, ride their four-wheeler.” There
1,334 +/- acres. This property includes 475 +/- acres
creek frontage and habitat diversity makes this tract a great
big
chunk
of250
Matre’s
is timber investment
that $444,885.
often Contact Chad
in dry A
farm
land
of which
+/- acresbusiness
is income producing/
might
beoraMike
fishing pond on the tract, too. “That’s kind of a new
hunting property.
McGrath
irrigated
crop land,
+/- acres through
in planted pines
with consulting.
Matre“Timber
– Matre Forestry
Consulting, Inc. –trend
229.639.4973.
comes
as 258
a referral
forestry
is
I’m
seeing.”
remaining acreage in mature hardwoods. Lots of wild game.
Website: www.matreforestry.com
kindhunters
of the
thingTwo-story
for savvy investors,” he says.
Perfectbecoming
property for both
and‘in’
farmers.
barn has double doors on first level for storing equipment
and the second level features 4 BR/4.5 BA, gorgeous wood
paneled walls, kitchen with stainless steel appliances and
breakfast bar, open floor plan, and rocking chair porch.
LAND & LIVING - SPRING 2016
32
10
LAND & LIVING - SPRING 2016
REAL ESTATE: PROPERTY FOR SALE
468 +/- acres. This tract has 36 +/- acres of open farm
land with farm lease income and 37 +/- acres in hardwood
bottoms. There are 395 +/- acres of replanted longleaf pines
and a 3 +/- acre pond. This tract has a creek, utilities, and
county maintained graded road frontage. Excellent hunting.
$1,350 per acre. Contact Julian Morgan – South Georgia
Land & Timber – 229.881.2779 or by email at julian@
landandtimber.net. Website: www.landandtimber.net
SEMINOLE COUNTY
STEWART COUNTY
8 +/- acres. Located on Bartow Gibson Road south of
Donalsonville and minutes from the Country Club, this
beautiful, updated home offers 3,800 +/- sq. ft. with three or
four bedrooms, three baths, hardwood floors, granite
countertops, and custom cabinets. Acreage includes a
fishpond and small barn. Contact Sarah Avery – The
Whittaker Agency – 229.416.5081.
340 +/- acres. Beautiful log home on rolling hill.
Three creeks and two ponds with excellent deer, turkey and
duck hunting. Well-established road system and food plots
with two large groves of saw tooth oaks. Ponds are stocked
with fish. Large barn located on property. Property is
located 10 +/- miles northeast of Eufaula, Alabama and 12
+/- miles southwest of Lumpkin, Georgia just off Georgia
Hwy 27. $895,000. Contact Bob Dutton – Needmore
Properties – 229-894-7373 or 229-439-1837. Website: www.
needmoreproperties.com
Three-year old tee-ball star Tom Chastain legs out a single during a recent game in Bainbridge.
Tom is the son of Carla and Michael Chastain. Carla is a Credit Analyst at Southwest Georgia Farm Credit.
We’re proud to support kids, families and our communities throughout southwest Georgia!
215 +/- acres. Excellent timber investment tract with
mature pines and hardwood timber and a great interior road
system. There is an approximate five-acre pond and
tremendous deer, turkey, ducks, and Bobwhite quail. Just
is published
for stockholders,
minutes to Lake
Walter F.quarterly
George. $675,000.
Contact Vince
directors
and friends
of Southwest
Georgia Farm
Barfield
– Barfield
Auctions,
Inc. – 229.679.2223
or byCredit.
email
at [email protected]. Website: www.
PRESIDENT
barfieldauctions.com
Richard Monson
SCHLEY COUNTY
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
15
+/- acres.
ThisFarm
4 BR/2.5
BAbyhome
was 305
updated
in
to Southwest
Georgia
Credit
writing
Colquitt
1984 whenBainbridge,
the house was
this location
in rural or
Highway,
GA moved
39817, tocalling
229.246.0384,
Schley County.
Original wood work, beautiful
pine floors,
emailing
[email protected].
Copies
of the
front porch, butler’s pantry, and walk-in attic that could
Association’s Annual and Quarterly reports are available
house two more bedrooms and baths. Roof was recently
upon request free of charge by calling 1.866.304.3276 or
replaced. Feels like the north Georgia mountains with the
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
hardwoods on this acreage. Deer and turkey. MLS #902559.
Farm
Credit,
305 Colquitt
Highway,
Bainbridge,
GA, 39817,
Contact
Channon
Thurmond
– Johnston
Realty Group
or
accessing theWebsite:
website,www.johnstonrealtygroup.com
www.SWGAFarmCredit.com. The
– 229.337.0003.
Association prepares an electronic version of the Annual
Report
which
is available
onjust
the outside
Association’s
website
within
35
+/acres.
Located
of Ellaville,
this
75
days after
endlocation
of the fiscal
year, and
property
is in the
a great
on Highway
26 distributes
and has the
Annual
Reports
to Shareholders
90 days
after
the
good mixed
pine/hardwood
ridgeswithin
and natural
pine.
Great
building
throughout
the property.prepares
Contactan
Allied
Land
end
of thesites
fiscal
year. The Association
electronic
& Timber
Inc.report
– 800.224.9939.
Website:
version
of Company,
the Quarterly
within 40 days
afterwww.
the end
alliedlandga.com
of
each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
INSIDE THIS ISSUE
Waterfront lots. These five waterfront lots on Lakeview
Drive at beautiful Lake Seminole. $75,000 each. Contact
Sarah Avery – The Whittaker Agency – 229.416.5081.
720 +/- acres. This tract is in three different parcels,
two in Stewart County and one in Chattahoochee County.
Desser on Hwy 374. $25,000. Contact Sarah Avery – The
All three tracts are in a long term timber lease that is very
Whittaker Agency – 229.416.5081.
lucrative for the landowner. Ideal as an investment or for
timbered hunting property. The long term timber lease
HAPPY 100TH, FARM CREDIT!
expires in 2035, and the tenant is a major forest products
company. The lease is available for review by prospects, after
signing a nondisclosure agreement. The tenant must
manage the property according to commonly accepted
sound management practices, Georgia Best management
and the tenant is SFI certified (Sustainable
AREA REALTORS TELLSpractices,
US WHAT’S
IN THEIR CRYSTAL BALLS
Forestry Initiative). The tenant cannot leave any areas clear
cut at the lease expiration. In addition to a strong annual
2016 LAND SALES SURVEY
lease payment through 2035, the tenant pays the property
taxes through 2035. Purchase this property and hunt it
yourself, or lease the hunting rights out for even more
income. Tracts can be purchased individually or in
combinations. $1,093,060. Contact Chad McGrath, Mike
DUANE “BANJO” DAVISMatre,
SERVED
or ZackOUR
Geer – COUNTRY,
Matre Forestry Consulting, Inc.
135 +/- acres. Slash Pine Pond has approximately 128
– 229.639.4973.
Website: www.matreforestry.com
AND
OUR
BORROWERS,
WELL
acres is in eight to nine year-old planted slash pines ready to
be thinned within the next three to four years. It also has the
potential for a straw raking lease that would produce income
for the landowner. The property has a seven-acre spring-fed
pond and joins the Lake Seminole State Park (600+/- acres),
which adds to the hunting potential of the property. The
DAUGHTER VINEYARDS
pond is a fall/winter stop-over forFARMER’S
many of Lake Seminole’s
ducks when the hunting pressure on the lake becomes too
high and is an excellent fishing pond throughout the year.
Great put-and-take quail hunting. $405,000. Contact Mills
Brock – 3 Rivers Realty – 229.416.6136 or by email at
[email protected].
5 +/- acres. This unimproved acreage is located near
4
6
14
16
Financing Available
for Qualified Buyers.
Call Timmy Jackson,
18 UNDERSTAND YOUR INTEREST RATE
Relationship Manager,
229.254.6376.
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
33
3
REAL ESTATE: PROPERTY FOR SALE
133 +/- acres. Beautiful country retreat comprised of
excellent mix of natural mature pine and hardwood timber
and features an approximate two acre pond. Outstanding
hunting and recreation property located just minutes to
Lake Walter F. George and a short drive from Columbus,
Americus, and Albany. $305,235. Contact Vince Barfield –
Barfield Auctions, Inc. – 229.679.2223 or by email at vince@
barfieldauctions.com. Website: www.barfieldauctions.com
SUMTER COUNTY
59 +/- acres. Loaded with beautiful natural pine and
208 +/- acres. Shallow Creek Farm is located just
south of Americus along the west bank of Lake Philema with
access from private boat landing on property. Power line
with food plots bisects property with additional food plots
planted within large stand of planted pines. Nice and
secluded two bedroom cabin with large fully enclosed
garage. Deer, turkey, dove, duck hunting, and excellent
fishing. $3,550 per acre. Contact Lee Walters - Plantation
Services, Inc. – 229.343.3830 or 229.888.2500 or by email at
[email protected]. Website: www.plantationservicesinc.
com
967 +/- acres. A hunter and fisherman’s paradise that
is located off Hwy 39 near Lumpkin. The 3 BR/2 BA home
features cypress siding, central heat and air, hardwood
floors, fireplace, three-car carport, and a separate office
space. Separate 2 BR/1 BA guest house. There is an
approximate 30 x 50 metal shop as well as other out
buildings. Beautiful 15 +/- acre spring-fed pond with
MATRE
FORESTRY
CONSULTING,
covered boat
house. Covered
picnic area.
City water. $1,800 INC
per acre. Contact Julian Morgan – South Georgia Land &
Timber – 229.881.2779 or by email at julian@landandtimber.
net. Website: www.landandtimber.net
Mike Matre
hardwoods, this property is an excellent investment tract
located on Reeves Landing Road next to the Flint River.
Recreational opportunities included deer and turkey hunting
as well as a boat ramp just a short walk from property.
Perfect site to build that get away cabin! Contact Greene
Forest & Farm Realty, LLC. – 229.924.9048. Website: www.
greeneforestandfarm.com
50 +/- acres. Located on Clements Road, this property
includes a small cabin and approximately 41 acres of open
land. $109,900. Contact J. Durham & Associates, Inc. –
800.342.2666. Website: www.jdurhamauctions.com
Claudine Morgan
Albany
BUENA VISTA REALTY
Marion County
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
produce
annual
but even
a small
timberland
182
+/acres.
Unlimited opportunities
on this very good 210
+/-income,
acres. Double
J Shooting
Preserve
is a
He had two brothers with a land clearing business
tell him it was
property located just minutes from downtown
Americus.of just abeautiful
turnkey
preserve
whichrapid
includes
investment
100 acres
or quail
lessshooting
can put
on very
timber
booming so much they can’t keep up. “Whenever
thingsonare
Road frontage
GA Hwy 27 East. Approximately 171 acres
two houses, including a main house, a barn, a steel
value,
which
to 8% shed,
or better
annual
return
of planted pines, natural pines, and an 11-acre
pond
fed bycan lead
equipment
dog kennels,
two grain
bins,on
andinvestment.”
a quail
moving well in Florida, you will see hunters coming
into south
an 8” recreational well. Property possibilities are endless for
flight pen. The property has been developed as a complete
Georgia and south Alabama.”
Traditional
recreational
buyersand
in shooting
Claudine
Morgan’s
Marion
County
hunting, recreational, home site or development
of multiple
quail hunting
preserve,
complete
with food
home sites. Land features acres of natural hardwood/pine
plots and
pine plantation.
property
also offers
market are also looking
forpruned
a return,
she says.The
“Our
hunters
used to
mix timberland with gently rolling topography. MLS
slight
twistKawikee
in thePlantation
recreational
buyer
two beautiful ponds and an excellent interior road system as
4,100A +/acres.
is a historic
quailis the increased interest
land with just hardwoods.
Today,
they
want Contact
it withAllied
timber,
#902459. Contact Johnston Realty Group buy
– 229.928.8293.
well as county road
frontage.
$595,000.
Landalso.
plantation
with diverse recreation,
water,whereas,
and timberit used to be mostly about the
in investment
potential,
Website: www.johnstonrealtygroup.com They want that value.”
&
Timber
Company
at
800.224.9939.
Website:
www.
resources located in a relatively undiscovered small belt of
game. In fact, the two brothers told Matre they were pulling all of
alliedlandga.com
fertile land and quail plantations between Albany and
theirThere
money
of the
stock
market
and wanted him to get busy
Columbus.
are twoout
showcase
lakes
totaling
35
The Broker with Buena Vista Realty also says she’s seeing an
+/- acres and a four bedroom lakefront lodge with covered
finding them some land.
increase in a less traditional type of recreational buyer—families
porches. This area sits along the edge of the rolling Piedmont
with kids. Buena Vista’s proximity to Columbus is part of the
plateau and historically attracted prosperous area leaders.
“That’s not an uncommon mindset,” Matre says, “although I don’t
Kawikee is a well-known quail hunting property with both
attraction.
wild and
pre-season released
quail, located
about an hour
recommend
converting
everything.
Diversification is a good thing
northwest of Albany and convenient to Columbus and only
to have.”
30 minutes to Eufaula, AL. Property could be an excellent
cattle ranch. Kawikee is offered in its entirety, turn-key with
Recreational
to be
more
furnishings,
dogs, horses,buyers
tack, andseem
equipment
at $8,805,311
or divided
– 1,670 +/acrethan
Kawikee
Refuge with
cautious
now
pre-recession,
he
improvements for $5,220,000 or the 2,430 +/- acre Kawkiee
says.
“They
do
their
homework,
and
Two (ideal cattle or ag conversion) for $3,585,311. Contact
Jon Kohler
Kohler & Associates
– 850.508.2999
they– Jon
of course
want good
hunting or by
email at [email protected]. Website: www.jonkohler.com
“
Water is the new oil.
“
— Jon Kohler, Jon Kohler & Associates
494 +/- acres. Approximately 20 percent of acreage in
Last year,
with
wanted
15
oldthe
pasture/hay
fieldscan
with balance in timberland
heavyshe
to worked
145
+/-clients
acres.who
Acreage
includes anything
a 90 +/- acre from
irrigated
and aesthetics, but they also want to see how
property
old hardwoods. Long creek frontage, pond,
pavedthan
road. 100 acres.
pecan “A
grove
dripjust
irrigation
and four
toand
more
lotwith
of new
them
wanted
to four-inch
bring out a
produce financially for them over 10 or even Excellent
20 years.”
deer and turkey hunting. Potential site for large
wells. Approximately 35 acres of open farm and pasture land
camper
for the night,
the kids,
ride
their four-wheeler.”
There
lake. $2,295 per acre. Contact Craig Brown
– Southeastern
andbring
20 +/- acres
of timber.
Excellent
home site and
A big chunk of Matre’s business is timber investment
that Inc.
often
Hunting Services,
– 229.432.1010 or might
229.349.1680.
development
potential.
can bekind
easilyof
converted
be a fishing pond
on the
tract,Open
too.land
“That’s
a newto
Website: www.afieldandfarm.com
additional pecan groves. Located just off the main lake of
comes as a referral through forestry consulting.
“Timber is
trend I’m seeing.” Lake Blackshear and U.S. Hwy 280. $900,000. Contact Vince
becoming kind of the ‘in’ thing for savvy investors,” he says.
Barfield – Barfield Auctions, Inc. – 229.679.2223 or by email
at [email protected]. Website: www.
barfieldauctions.com
LAND & LIVING - SPRING 2016
34
10
LAND & LIVING - SPRING 2016
REAL ESTATE: PROPERTY FOR SALE
TAYLOR COUNTY
TERRELL COUNTY
137 +/- acres. Located in both Terrell and Randolph
168 +/- acres. Beautiful property just a few miles west
of Butler that features rolling terrain with some of the
prettiest views and mature hardwood ridges in the area.
Good pine timber, along with paved road frontage and
interior roads throughout the property. $1,950 per acre.
Contact Allied Land & Timber Company at 800.224.9939.
Website: www.alliedlandga.com
252 +/- acres. Gorgeous hunting property for the
counties, this property offers a beautiful country home as
well as mature planted pines and hardwood and pine mix
timber. There are multiple country home sites. Excellent
hunting. $375,000. Contact Vince Barfield – Barfield
Auctions, Inc. – 229.679.2223 or by email at vince@
barfieldauctions.com. Website: www.barfieldauctions.com
quail, deer, and turkey hunter that is located in the highly
desirable southeast part of the county, just minutes from
Albany. The property fronts on Tallahassee Road and Kiokee
Church Road, and has frontage on both sides of Kiokee
Creek. A great road system winds through varying ages of
planted loblolly, slash, and longleaf. Food plots and mature
hardwood stands are nicely distributed throughout the
property. This property, once part of Ecila Plantation, has
been managed intensively for wildlife. Over the past five
years or so, property management has done a marked pine
thinning, several burns, longleaf and loblolly plantings, and
an understory herbicide treatment. All the while, food plots
have been planted every year, yet the property has been way
Three-year
oldabound,
tee-ball
Tom
Chastain
under
hunted. Deer
andstar
several
wild
coveys of legs
quail out a single during a recent game in Bainbridge.
Tom is the
son
andAllMichael
is a Credit Analyst at Southwest Georgia Farm Credit.
reside
onof
theCarla
property.
of these Chastain.
managementCarla
practices
We’reinproud
to support
kids,asfamilies
have resulted
a beautiful
property. And
an addedand our communities throughout southwest Georgia!
bonus, the property is in the path of Albany’s best residential
developments, adding higher and better use potential.
$699,300. Contact Mike Matre – Matre Forestry Consulting,
Inc. – 229.639.4973. Website: www.matreforestry.com
401 +/- acres. This property was replanted in 2014
with loblolly pines. There are several stands of mature pine
on the property as well. Excellent recreational tract for
is food
published
quarterly for
stockholders,
hunting with
plots established
throughout.
Tract is
directors and
friends
Georgia
Farmand
Credit.
conveniently
located
justof
offSouthwest
Hwy 19 between
Butler
Ellaville. Contact Greene Forest & Farm Realty, LLC.
– 229.924.9048. Website:PRESIDENT
www.greeneforestandfarm.com
Richard Monson
Timber Investment
Many timber
BOARD Tracts.
OF DIRECTORS
investment/huntingKim
tracts
ranging
from 113 to 671 acres
Rentz,
Chairman
which can be purchased individually, divided into smaller
Robert B. Moss, Vice Chairman
parcels, or as a package. Per acre prices start at $1,595. Call
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
us for individual tract pricing. Contact Allied Land & Timber
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
Company,
Inc. – 800.224.9939. Website: www.alliedlandga.
com EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
PUBLISHER - AgFirst Farm Credit Bank
PUBLISHING DIRECTOR - Padgett Mozingo
PRINTER - Professional Printers
CIRCULATION - Kathi DeFlorio
Address changes, questions or comments should be directed
to Southwest Georgia Farm Credit by writing 305 Colquitt
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing
Ryanacres.
Burtt, Chief
Financial
Officer,
Georgia
173 +/Beautiful
acreage
justSouthwest
a few miles
south
Farm
Credit,
Colquitt
Highway,
Bainbridge,
GA, with
39817,
of
Butler
that 305
features
gently
rolling hay
fields mixed
or
accessing
the
website,
www.SWGAFarmCredit.com.
The
nice hardwood ridges and offers good paved road frontage.
Association
prepares
an electronic
version
of from
the Annual
The
hay fields
could possibly
have good
income
a lease
Report which
on theorAssociation’s
website income
within
(estimated
to is
beavailable
$30 per acre)
a possible projected
75 between
days after
thetoend
of per
the acre,
fiscaldepending
year, and distributes
of
$170
$285
on market the
Annual Reports
90 in
days
after
the
conditions,
from to
theShareholders
140 +/- acreswithin
currently
grass.
$2,300
per
Allied
& Timber
Company,
Inc.
end acre.
of theContact
fiscal year.
TheLand
Association
prepares
an electronic
–
800.224.9939.
Website:report
www.alliedlandga.com
version
of the Quarterly
within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
THOMAS COUNTY
INSIDE THIS ISSUE
779 +/- acres. Persimmon Hill Farms is located in
both Thomas and Colquitt counties. The Ochlocknee River
cuts across property, NE to SW, for one and one-half miles.
Hunting and fishing opportunities abound. The river bottom
tract has a balance of natural pine and hardwood stands.
Approximately 310 acres are planted pines varying from 8
years-old to 30+ years-old. Approximately 75 acres of
longleaf are in a pine straw contract and bring in fifty cents
HAPPY 100TH, FARM CREDIT!
per bale. Property is in the Forest Land Protection Act
Covenant, reducing taxes considerably. Improvements
include a 75’ x 30’ barn with two open bays (25’ x 30’) and
one enclosed bay with roll-up door. There is a connected
bathroom with shower. Also includes a deep well, 28’ x 52’
storage building, 17’6” deep and 13’ high grain storage bin,
US WHAT’S
IN THEIRMLS
CRYSTAL
BALLS
and gates. $2,650,851.
#909142. Contact
Pam
550 +/- acres. Investment AREA
grade tractREALTORS
of timberland/ TELLSfencing,
Davis – Rose City Realty – 229.672.0241 or 229.225.9225.
hunting property. Very pretty topography,
two major
creeks, SURVEY
2016 LAND
SALES
game fields, nice cabin, and good timber value with
merchantable pine. Younger planted pines with portion in
CRP longleaf. Abundance of pretty hardwoods. Long paved
road frontage near Albany, Dawson, and Americus. $2,195
per acre. Contact Craig Brown – Southeastern Hunting
DUANE “BANJO”
Services, Inc. – 229.432.1010 or 229.349.1680.
Website: DAVIS SERVED OUR COUNTRY,
www.afieldandfarm.com
AND OUR BORROWERS, WELL
4
6
14
20 +/- acres. This property is located north of Parrott
on GA State Highway 520. $2,500 per acre. Contact Julian
Morgan – South Georgia Land and Timber – 229.881.2779
or by email at [email protected]. Website: www.
landandtimber.net
FARMER’S DAUGHTER VINEYARDS
16
18
10 +/- acres. Beautiful rolling, terraced acreage with
30+ producing pecan trees and upper grade horse fencing
around approximately half of the property. Higher end
homes surround this tract. MLS #908616. Contact Paige
Vaughan – KeySouth
UNDERSTAND YOUR INTEREST
RATE Real Estate Group, Inc. – 229.226.3911
or 229.224.3179. Website: www.keysouth.com
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
35
3
REAL ESTATE: PROPERTY FOR SALE
endless as the property boasts a healthy wild quail
population, countless turkeys, several duck holes, and a deer
population that has been Quality Deer Managed for over 20
years. The year-round flowing creek further provides the
opportunity for a nice lake or even a plant and flood duck
impoundment. Improvements include fencing and a barn for
storing equipment and gear. Contact Ben McCollum
– 229.221.6680 or Eric McCollum – 229.200.4457 – The
Wright Group. Website: www.wrightbroker.com
44 +/- acres. Acreage with a 4,100 +/- sq. ft. custom
117 +/- acres. This tract has rolling hill acreage with a
home that is rustic on the outside, giving the appearance of a
2 BR/1 BA home, barn, wired workshop, two-bay dog kennel,
stately log cabin. Earthquake rated foundation and solid
two ponds, pasture, hardwoods and planted pines. The
frame construction. The home features heart pine paneling,
cottage-style house overlooks a pond and is great for
a large brick fireplace, and a modern gourmet kitchen – all
entertaining. The barn features six bays, four stalls, feed
hand built by local craftsmen. Recent updates include a huge
room and tack room with concrete-floored center hall, hay
walk-in closet and a bonus room converted into “man-cave”
loft and half-bath. In addition to deer, turkey, and duck
with wood-burning fireplace, spacious cabinets and storage
hunting on this property, there is approximately 84 acres
for fishing gear and firearms. Back porch offers views of a
fenced for livestock, a solar-powered gated entrance, a creek
sweeping landscape with plantation pines and a seven-acre
and significant timber value. Property can be purchased
lake stocked with bass, bream and perch. Beyond the lake are
without adjacent 33 +/- acres in 20 year-old planted pines,
442 +/- acres. Kickapoo Plantation is located in the
hardwoods and a food plot for deer and turkey. There is a
with gated entrance from Rock Ford Road, for $450,000.
historic and exclusive Red Hills Plantation Belt with frontage
three-stall metal building used as a barn with water and
MLS #909322. $550,000. Contact Kay Davis – Rose City
on Highway 319 across from Pebble Hill and formerly part of
electricity, deep-water well, generator, fruit trees, irrigation
Realty, Inc. – 229.403.0730 or 229.225.9225 or by email at
the Ireland family holdings. Property borders Longpine
and room for a garden. Contact Rebecca Chubb Sanford
[email protected]. GA R.E License #173188.
Plantation, Trinity, Warbick Farm, and Pebble Hill. Kickapoo
– Chubb Associates, Ltd. – 229.226.7916 or 229.221.2622.
is located in Thomas and Grady counties with a lease on the
Website: MATRE
www.chubbrealty.com
to
FORESTRY CONSULTING, INC500 +/- neighboring
Albany acres, bringing the totalBUENA
VISTA REALTY
Marion County
approximately 1,000 acres of prime quail hunting grounds.
Modern plantation house with 8,786 +/- sq. ft. that includes
a private master wing, two guest suites, professional kitchen,
walk-in wine cellar/tasting room, five fireplaces, great hall,
and 2,686 +/- sq. ft. of porches and outdoor living. There are
two flanking guest cottages, each with approximately 1,000
Mike Matre, Broker with Matre Forestry Consulting,
says room
he can
Sincebathroom,
there are fewer players in the more complex timberland
sq. ft.,Inc.,
with living
andtell
fireplace, bedroom,
and kitchenette.
Beautiful
rolling stands of
managed
quail
there’s been a recovery in the Central Florida economy,
as he’s
seeing
space,
you
can get into good timber tracts at very reasonable dirt
woods, lakes, live oaks, and more. $10 M. Contact John
an increase from buyers in that area looking forKohler
recreational
tracts.
prices.
“Timberland
investments that are thousands of acres do
– Jon Kohler & Associates – 850.508.2999 or by email
at [email protected]. Website: www.jonkohler.com
produce very good annual income, but even a small timberland
Mike Matre
Claudine Morgan
Florida making a comeback
He had two brothers with a land clearing business tell him it was
booming so much they can’t keep up. “Whenever things are
moving well in Florida, you will see hunters coming into south
532 +/- acres. Golden Farm is available for the first
and south
time inGeorgia
several generations
and isAlabama.”
a mature timberland tract
with an agricultural component in the heart of the Red Hills
slight
twist in
the recreational
Region.AThis
recreational
paradise
includes over 300buyer
acres ofis the increased interest
matureinplanted
pines, 109potential,
+/- acres of cultivation,
investment
whereas,andit the
used to be mostly about the
balance in mature hardwoods. Wildlife possibilities are
game. In fact, the two brothers told Matre they were pulling all of
their money out of the stock market and wanted him to get busy
finding them some land.
investment of just a 100 acres or less can put on very rapid timber
40 +/- acres. This gentleman’s estate/farm has a
value, which can lead
to 8%home
or better
annual
return
two-story
with 3 BR/3.5
BA and
4,522on
+/- investment.”
sq. ft. The
kitchen is large with custom cabinets and opens into the
Traditional recreational
in Claudine
Morgan’s
MarionThe
County
livingbuyers
room featuring
a large wood
burning fireplace.
masterfor
suitea on
the living
level
has hardwood
floors, walk-in
market are also looking
return,
she
says.
“Our hunters
used to
closet and a large Jacuzzi tub with walk-in shower. Upstairs
buy land with just hardwoods.
Today,
they
with and
timber,
has two identical
bedrooms
withwant
walk-initclosets
privatealso.
bathrooms. The second floor veranda overlooks the entire
They want that value.”
40-acre farm. The horse barn has eight stalls, tack room, hay
room,Vista
wash rack,
and horse
with hook
The Broker with Buena
Realty
alsotrailer
saysoverhang
she’s seeing
anups.
The property has a beautiful pond site and acreage could be
increase in a less traditional
of crops,
recreational
buyer—families
converted totype
cultivate
raise livestock,
or train
retrievers.
Work shop
hydraulic jacks.
Thereof
is athe
pool,
with kids. Buena Vista’s
proximity
tohas
Columbus
is part
“That’s not an uncommon mindset,” Matre says,
“although
I don’tin Gatlin Creek Farms, a
four-bay carport, and RV hook-ups with water and septic.
16 +/acres. Located
attraction.
$659,000. Call Jason Copps – First Thomasville Realty
neighborhood
complete
with riding and walking trails and
recommend converting everything. Diversification
is a good
thing
– 229.226.6515 or 229.225.8311. Website: www.ftrealty.com
100 +/-acres of common ground, this home was custom built
to have.”
in 2005 by the current owners and includes two horse
Southwest Georgia
Farm Credit
Recreational
buyers seem
to be more
Now Offers
Home
cautious now than pre-recession, he
Construction
Loans.
says. “They do their homework,
and
“
Water is the new oil.
“
pastures and a six-stall barn with wash and tack room. The
two-story home offers two master bedrooms, one upstairs
and one downstairs, with a total of four bedrooms and three
and one-half baths. The grand entrance features a curved
— Jon Kohler, Jon Kohler & Associates
stairway. Formal living room and separate dining room with
columns, 10 ft. ceilings, and exquisite molding. Well
they of course want good hunting
equipped kitchen with double ovens and Last
warming
drawer,
year,
shea worked with clients who wanted anything from 15
and aesthetics, but they also want to see how
the property
can
custom
built-in pantry,
and granite countertops. Breakfast
to
more
than
100 acres. “A lot of them just wanted to bring out a
overlooking a large patio, fireside and comfortable
produce financially for them over 10 or even area
20 years.”
for the night, bring the kids, ride their four-wheeler.” There
family room with access to a back porch, camper
utility room,
oversized two-car
MLS
A big chunk of Matre’s business is timber investment
that garage,
often and security system.
might
be a fishing pond on the tract, too. “That’s kind of a new
#908300. Contact Julie Bryan – KeySouth Real Estate Group,
comes as NMLS#
a referral
through forestry consulting.
is or 229.403.9990. Website:
700141
trend
I’m seeing.”
Inc. –“Timber
229.226.3911
www.
keysouth.com
becoming
kind
of
the
‘in’
thing
for
savvy
investors,”
he
says.
[email protected]
7 +/- acres. Beautiful 3 BR/2 BA brick home with open
Brenda Brookins
Mortgage Loan Originator
229.254.8622
LAND & LIVING - SPRING 2016
36
10
LAND & LIVING - SPRING 2016
floor plan and updates that includes fresh paint on both the
inside and outside. New thermal, vinyl-clad windows,
updated electrical service, new flex water system, deep well,
and laundry room with sink and plenty of storage – washer
REAL ESTATE: PROPERTY FOR SALE
and dryer included. Three-bay carport with extra storage
room, separate cook house, 44 x 60 pole barn, 12 x 24 storage
building with sheds on either side and a six year-old roof.
Acreage also includes 45 +/- healthy, strong pecan trees.
MLS #909372. Contact Teri Gainey – KeySouth Real Estate
Group, Inc. – 229.226.3911 or 229.224.4434. Website: www.
keysouth.com
17 +/- acres. With a juniper wood exterior, this 4
BR/3.5 BA country home features an all wood interior and
nine-foot ceilings on the main floor. Two master bedrooms
on two floors. Stainless appliances in kitchen and custom
cabinets throughout. Great relaxing view of pond from front
porch. New survey and new driveway. There is a 3,750
+/- sq. ft. workshop with a one-bedroom apartment that his
heated/cooled. RV parking area. MLS #908299. Contact
Luretta Bliek – KeySouth Real Estate Group, Inc.
– 229.226.3911 or 229.224.4360. Website: www.keysouth.
com
22 +/- acres. This Ray Foy built home was constructed
in 1989 and has been well maintained. It features an open
floor plan with the master suite near the large laundry room
and the two guest bedrooms and two additional baths on the
other side of the house. Front porch for rocking chairs and a
patio for entertaining. There is a double attached carport and
utility room as well as a 1,200 +/- sq. ft. metal building that
offers numerous possibilities. Perfect for horses or farming.
Additional 20 +/- acres available. MLS #909073. Contact
Pam Wright – KeySouth Real Estate Group, Inc. –
229.226.3911 or 229.227.7760. Website: www.keysouth.com
612 +/- acres. Shamrock Farms offers a great
combination of beauty, income, and recreation. Mature
stands of longleaf pine, slash, and loblolly. The groundcover
is very well-established in the piney woods. A 15-acre duck
marsh and a 3-acre pond, as well as the headwaters of the
Aucilla River, are located here and makes this a vital
property to ensure that the river starts off great and ends
strong about 96 miles downstream. Not yet protected by a
Three-year old tee-ball star Tom Chastain legs out a single during a recent game in Bainbridge.
conservation easement. Approximately 178 acres farmed. Tom is the son of Carla and Michael Chastain. Carla is a Credit Analyst at Southwest Georgia Farm Credit.
One camp house and one tenant house. Two wells. Great
We’re proud to support kids, families and our communities throughout southwest Georgia!
deer, turkey, and ducks. Approximately $306,000 in timber
per recent cruise. $2,229,000. Contact Jon Kohler – Jon
Kohler & Associates – 850.508.2999 or by email at jon@
jonkohler.com. Website: www.jonkohler.com
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
Richard Monson
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
71 +/acres. Beautiful 4 BR/3.5 BA Ray Foy custom
EDITOR & MARKETING DIRECTOR - Liz Nogowski
built home. Property features a pond, a natural creek, a
MARKETING
- Frances
three-stall
horse barnSPECIALIST
with tack room,
and Edmunds
five pastures with
25 +/- acresPUBLISHER
of Tift 85 grass.
A screened
porch
opens onto a
- AgFirst
Farm Credit
Bank
large deck overlooking the pond. Inside the home, there is
PUBLISHING
DIRECTOR
Padgett
Mozingo
lots of storage space and a walk-in attic. The kitchen has
Corian counterPRINTER
tops and-custom
cabinets.
The large master
Professional
Printers
includes a sitting room with porch access and a deluxe
CIRCULATION
Kathi
DeFlorio
custom bath. The bonus room is perfect for entertaining and
features
wet bar.questions
Tax covenant
must be assumed.
Address achanges,
or comments
should beMLS
directed
#907520.
$575,000. Contact Lorraine Jackson – Rose City
to Southwest Georgia Farm Credit by writing 305 Colquitt
Realty – 229.403.0317 or 229.225.9225 or by email at
Highway, Bainbridge, GA 39817, calling 229.246.0384, or
[email protected].
emailing [email protected]. Copies of the
Association’s Annual and Quarterly reports are available
upon request free of charge by calling 1.866.304.3276 or
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
INSIDE THIS ISSUE
193 +/- acres. Big Wish Farm is a working farm with
good soils, location, and all-weather access frontage on two
limits of Thomasville and near plantations. Timber, big
county maintained paved roads. Approximately 50 acres of
woods, old duck pond that needs some dam work, 170
merchantable timber enrolled in the CRP program through
+/- acres in cultivation, and the best soils map for a tract this
2017. Easily converted to grazing pasture and/or expansion
size with this much wooded area. Deer and turkey. $3,700
of cultivated lands once CRP enrollment is concluded.
per acre. Contact Daniel Crocker, ALC, GA/FL Lic. Real
HAPPY
100TH,
Located between Ochlocknee and Thomasville at the
Estate Broker – Crocker Realty, Inc.
– 229.403.6297
or FARM CREDIT!
intersection of Maddox and McMillan Road. $628,355.
229.228.0552. Website: www.landcroc.com
Contact Mills Brock – 3 Rivers Realty – 229.416.6136 or by
email at [email protected].
318 +/- acres. This farm is located just outside the city
4
6
14
AREA REALTORS TELLS US WHAT’S IN THEIR CRYSTAL BALLS
2016 LAND SALES SURVEY
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
AND OUR BORROWERS, WELL
278 +/- acres. This property on Murphy Road is just
ten minutes north of Thomasville with abundant deer,
turkey, and quail. Mix of longleaf pines, young pines, and
14 +/- acres. Private tract with a 5 +/- acre pond and a
hardwoods. Two fish ponds and three retriever ponds. MLS
5 BR/4 BA two-story custom built home. Home features a
FARMER’S
DAUGHTER
VINEYARDS
#908734. $799,639. Contact Pam Davis – Rose City Realty
huge fireside family room with built-in entertainment center
– 229.672.0241 or 229.225.9225.
and French doors going out to the screened porch that
overlooks the in-ground salt water pool. The spacious
kitchen is fully equipped with double ovens, lots of granite
counter space and cabinets. Breakfast area will hold a table
for 12 and it also has a built-in desk area, perfect for
UNDERSTAND YOUR INTEREST
RATE station. Large play room/game room is
homework/computer
off the kitchen area. Attached triple-bay carport, along with
lots of storage, plus an extra storage building. Lease purchase
possible. MLS #908373. Contact Julie Bryan – KeySouth Real
Estate Group, Inc. – 229.226.3911 or 229.403.9990. Website:
www.keysouth.com
16
18
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
37
3
REAL ESTATE: PROPERTY FOR SALE
WEBSTER COUNTY
323 +/- acres. Quail Pointe is a licensed hunting
preserve, complete with lodge and equipment, offering
income producing opportunity close to town. The woods are
a mixture of longleaf pine Savannahs, with feed patches in
place. Dotted throughout this tract are a total of 140
+/- acres of agricultural fields, which provide additional
income. In addition to the farm rent and hunting income,
there is also a commercial five-stand with regulation skeet
field. Complete with 15 traps, it is set to challenge even the
seasoned shooters. This tract is loaded with game. MLS
#908694. $2,000,000. Contact Matt Bennett – Rose City
Realty, Inc. – 229.221.5683 or 229.225.9225 or by email at
[email protected].
22 +/- acres. Custom-built home located in country
setting just outside Thomasville. The home has three levels,
647 +/- acres. Located on Spanns Mill Road, this
plus a loft, with a large living room complete with a lead-out
property has mature merchantable pine and hardwood
to the pool and waterfall. There are heart pine built-ins in
timber, an approximate four-acre pond with bass and bream,
the media area, kitchen with granite counter tops, Mexican
food plots, a cabin, and great home sites. Excellent deer,
tile, huge pantry and morning room with Dutch door and
turkey, quail, duck, hogs, and small game. Income producing
grilling porch. Master bedroom has private porch and gas log
CRP pine plantations. Paved and dirt road frontage.
fireplace. Master bath has an extravagant shower and
$1,358,700. Contact Vince Barfield – Barfield Auctions, Inc.
champagne tub with view of goldfish pond and garden wall.
– 229.679.2223 or by email at [email protected].
Two bedrooms, large walk-in tiled shower, laundry and
Website: www.barfieldauctions.com
partial kitchen downstairs with wheelchair access to pool
and garden area. The garden room features lots of windows
30 +/- acres. Located just a few miles west of Dawson,
and rolling doors. Side cottage has its own garage and could
this property has a beautiful creek surrounded by mature
be office or perhaps mother-in-law suite. Wildlife sited on
hardwood, good mixed pine/hardwood ridges and a nice
property. Shop included. This unique property can be split.
open field. Great property for deer, turkey and duck hunting.
MLS #905866. $966,000. Contact Kay Davis – Rose City
Beautiful site for your Marion
house or cabin.
Contact Allied Land
– 229.403.0730 or 229.225.9225 or
by email atVISTA REALTY
MATRE FORESTRY CONSULTING, INCRealty, Inc.
Albany
BUENA
County
& Timber Company, Inc. – 800.224.9939. Website: www.
[email protected].
alliedlandga.com
Mike Matre
Claudine Morgan
WORTH COUNTY
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
produce very good annual income, but even a small timberland
investment of just a 100 acres or less can put on very rapid timber
value, which can lead to 8% or better annual return on investment.”
47 +/Walden
Woods iswith
ideallyalocated
between business tell him it was
Heacres.
had two
brothers
land clearing
Thomasville and Tallahassee in the Red Hills region. This
booming
sounique
much
can’t
property
is extremely
as itthey
has the
look keep
and feelup.
of a “Whenever things are
classic moving
quail plantation
rolling terrain
longleaf
well with
in Florida,
youofwill
seepines,
hunters coming into south
wiregrass, and majestic live oaks. There are several small
Georgia
andwhich
south
Traditional
recreational buyers in Claudine Morgan’s Marion County
fields on
the property
serveAlabama.”
as large food plots.
10 +/- acres. With plenty of room for
riding, a pasture,
Walden Woods contains a very good population of turkey,
and a large six-stall barn, this property ismarket
for a horseare also looking for a return, she says. “Our hunters used to
A slight
twist
the isrecreational
buyer
increased
interest
deer, and
wild quail.
This in
wildlife
further enhanced
by theis the enthusiast.
Great
country living property with a 3,000 +/- sq.
1,137 +/- acres.
Creek Farm
is situated
in also.
Today,Abrams
they want
it with
timber,
fact that
property backs
up to Aberfeldy
Plantation.
This to be
ft. home
and about
pool. MLS
#907085. Contactbuy
Samland
Bryanwith just hardwoods.
inthe
investment
potential,
whereas,
it used
mostly
the
one of southwest Georgia’s most desired locations for
is an ideal recreational property that is well suited for dog
– KeySouth Real Estate Group, Inc. – 229.226.3911
or that value.”
They want
hunting and farming. Planted pines, hardwoods, agriculture,
game.
In fact,
the two
brothers
told
Matre they
were pulling
allwww.keysouth.com
of
training
or a weekend
getaway.
Walden
Woods is the
smallest
229.977.1211.
Website:
and frontage on Abrams and Little Abrams Creek. Excellent
property
to
be
included
on
the
prestigious
Georgia
Florida
their money out of the stock market and wanted him to get busy
The Broker with Buena
Vista
Realty
also
says
seeing
an
deer and
turkey
hunting.
$2,500
pershe’s
acre. Contact
Crisp
Field Trial Club map. Contact Ben McCollum – 229.221.6680
Gatewood –type
Plantation
Services, Inc. – 229.888.2500
or
finding
them
some
land.
increase
in
a
less
traditional
of
recreational
buyer—families
or Eric McCollum – 229.200.4457 – The Wright Group.
229.347.1336 or by email at [email protected].
Website: www.wrightbroker.com
with kids. Buena Vista’s
proximity
to Columbus is part of the
Website:
www.plantationservicesinc.com
TWIGGS COUNTY
“That’s not an uncommon mindset,” Matre says, “although I don’t
recommend converting everything. Diversification is a good thing
to have.”
“
attraction.
Water is the new oil.
“
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
— Jon Kohler, Jon Kohler & Associates
they of course want good hunting
Last year, she worked with clients who wanted anything from 15
and aesthetics, but they also want to see how the property can
to more than 100 acres. “A lot of them just wanted to bring out a
produce financially for them over 10 or even 402
20 years.”
+/- acres. Ocmulgee River bottomland with cabin,
camper
for
the night, bring the kids, ride their four-wheeler.” There
timber and hunting fields. Private with excellent
deer,
turkey,
hog, and duck
hunting.
$1,650 per acre. Contact
A big chunk of Matre’s business is timber investment
that
often
mightCraig
be aBrown
fishing pond
on the
tract,
too. “That’s kind of a new
268 +/acres.
Located across the road from one
– Southeastern Hunting Services, Inc. – 229.432.1010 or
comes as a referral through forestry consulting.
“Timber is
trend I’m seeing.” section of the Aultman Forest, this property has 60 +/- acres
229.349.1680. Website: www.afieldandfarm.com
of center pivot irrigated farm land, nine groves of trees (pear,
becoming kind of the ‘in’ thing for savvy investors,” he says.
Financing Experience
You Can Count On.
Call Tarrell Bennett,
Chief Lending Officer,
229.254.6345
LAND & LIVING - SPRING 2016
38
10
LAND & LIVING - SPRING 2016
sawtooth oak, persimmon, chestnut, etc.), stripped pines
with 100 +/- ft. of native grass on each side, a beautiful
stocked pond with duck boxes, and beautiful hardwoods
bordering swift water creek. There is a 3 BR/2 BA remodeled
REAL ESTATE: PROPERTY FOR SALE
lodge/cabin with 1,550 +/- sq. ft. that sleeps eight. Deer,
turkey, duck, and quail. $900,000. Contact Bob Dutton
– Needmore Properties – 229.894.7373 or 229.439.1837.
Website: www.needmoreproperties.com
FLORIDA
CALHOUN COUNTY
94 +/- acres. Tremendous timber/hunting property
convenient to I-10 and the Tallahassee area. The property
boasts mature stands of pine plantation and beautiful natural
hardwood along a large flowing creek. $2,450 per acre.
Contact Chip Hancock – Allied Land & Timber Company,
Inc. – 800.590.6439. Website: www.alliedlandga.com
6 +/- acres. This cabin on the Flint River enjoys 429
+/- ft. of river frontage with an 80 ft. private easement from
561 +/- acres. Fourmile Creek has many natural
Georgia Highway 300. The cabin has a great room with the
features, including the crystal clear waters of the namesake
living, dining, and cooking all in the same room. There is a
creek that wind their way over a mile through the property. It
master bedroom and bath. The cabin is constructed of pine
will appeal to recreational enthusiasts and timberland
on the interior and cedar on the exterior. The bottom floor
investors alike. Located only 35 miles north of Panama City
houses a utility area, shop area, and storage. The property
and the Beaches International Airport, the convenient
also includes a deck that overlooks the river, an artesian well,
location allows the property to be enjoyed on a regular and
koi pond, boat landing, and secluded living. Contact Callie
spontaneous basis. Deer and turkey are plentiful on the
Walker – Hughey & Neuman, Inc. – 229.436.0212 or
property, thanks in large part to the dense hardwood buffer
229.344.5261 or by email at [email protected].
Three-year old tee-ball star Tom Chastain legs out a single during a recent game in Bainbridge.
that flanks Fourmile Creek. Part of the Chipola River
Website: www.albanyhousehunting.com
Tom is the
son ofthis
Carla
and Michael
Chastain.
Carla
is a Credit Analyst at Southwest Georgia Farm Credit.
watershed,
perennial
stream offers
a permanent
water
We’re
proud
to for
support
kids,
source and
excellent
cover
game. On
eachfamilies
side of theand our communities throughout southwest Georgia!
creek are large contiguous stands of mature 30 year-old sand
pines that provide a clear economic benefit to an owner.
Approximately 75 percent of the property is plantable, a high
percentage that increases the return on investment.
14,000 +/- acres. Southern Cattle Company is
Availability of owner financing. $1,595 per acre. Contact
described as one of the top-ten ranches in the nation for
Arnie Rogers – Verdura Realty – 850.491.3288 or by email at
creating custom bred lines of cattle and is on the cutting
[email protected]. Website: www.
edge for upgrading entire herds across the country, and now
verduraproperties.com
is published quarterly for stockholders,
internationally. Located in the pastoral and very fertile hills
JACKSON COUNTY
ALABAMA
CHEROKEE COUNTY
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
Richard Monson
BOARD OF DIRECTORS
Kim Rentz, Chairman
Robert B. Moss, Vice Chairman
John M. Bridges, Jr., Jeffrey A. Clark, James H. Dixon, Jr.,
Clifford Dollar, Jr., Robert L. Holden, Sr., Ted Milliron
EDITOR & MARKETING DIRECTOR - Liz Nogowski
MARKETING SPECIALIST - Frances Edmunds
PUBLISHER - AgFirst Farm Credit Bank
2,180 +/- acres. Sugar Lake Plantation is a
PUBLISHING
- Padgett
magnificent
property DIRECTOR
with a private
160 +/-Mozingo
acre lake located
in the southernPRINTER
Appalachian
Valley area,
midway between
- Professional
Printers
Birmingham and Atlanta (just two hours to each). This
CIRCULATION - Kathi DeFlorio
property offers expansive vistas of surrounding mountains
and
would
make aquestions
beautifulor
cattle
ranch. Conservation
Address
changes,
comments
should be directed
easement
allows
for some
conversion,
place.
to Southwest
Georgia
Farm
Credit byalready
writing taking
305 Colquitt
The
improvements
are GA
newly
constructed
and include a or
Highway,
Bainbridge,
39817,
calling 229.246.0384,
clubhouse
with bunkrooms, a cook house/bar,
and a of
baththe
emailing [email protected].
Copies
house with additional bunkrooms upstairs and were built
Association’s Annual and Quarterly reports are available
specifically to house the Arcadian Club events at Sugar Lake
upon request free of charge by calling 1.866.304.3276 or
Plantation. The Arcadian Club events are the southeast’s
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
version
of The Grove meetings in the Red Wood Forest,
Farm Credit,
305
Colquitt
Highway,
GA,in 39817,
made
up of the
most
elite leaders
andBainbridge,
businessmen
the
or
accessing
website,
www.SWGAFarmCredit.com.
country. Verythe
private
and approximately
ten minutes to The
a
Association
prepares
an
electronic
version
of
the
Annual
nearby municipal airport. $4,578,000. Contact Jon Kohler
Report
which is or
available
onat
the
Association’s website
–
850.508.2999
by email
[email protected]
– orwithin
75 daysHatchett
after the– end
of the fiscal
year,
andatdistributes
Walter
850.508.4564
or by
email
walter@ the
Annual Reports– to
within 90
days after
jonkohler.com
JonShareholders
Kohler & Associates.
Website:
www.the
end of the fiscal year. The Association prepares an electronic
jonkohler.com
INSIDE THIS ISSUE
GADSDEN COUNTY
4
6
of Hwy 231 in the northern part of the county. Incredible
water on this property with 12 pivots on 1,124 +/- acres
(2,000 +/- irrigated including leased lands), two magnitude 2
springs, 160+ acre historic lake (Waddell’s Mill Pond), and
HAPPY 100TH, FARM CREDIT!
approximately one mile on the Chipola River. Less than 18
percent wetlands across the entire operation. Cattle herd,
seed stock, horses, equipment, excellent improvements, and
much more are included in this turn-key offering. Contact
Jon Kohler – 850.508.2999 or by email at [email protected]
or Walter Hatchett – 850.508.4564 or by email at walter@
AREA REALTORS TELLSjonkohler.com
US WHAT’S
THEIR
CRYSTAL
BALLS
– JonIN
Kohler
& Associates.
Website:
www.
jonkohler.com
2016 LAND SALES SURVEY
250 +/- acres. This tract is conveniently located near
Lake Seminole and the Appalachicola River. There are two
ponds, pasture, cultivated fields, merchantable pine and
311 +/- acres. Spooner Farm is a hunting tract that is
hardwood timber throughout the property. Deer and turkey
SERVED
OURandCOUNTRY,
easy to access, ready to farm, andDUANE
has income“BANJO”
potential. TheDAVISare
on the property
excellent fishing and duck hunting
property has dense woods, two ponds, planted pines,
areWELL
only a short drive to Lake Seminole. To be sold together
AND
OUR
BORROWERS,
hardwoods, and open irrigation farm land that’s currently
as a land/home package. Reduced to $1,795 per acre for land
leased and in production. It has an excellent record for
plus $139,900 for house. Contact Chip Hancock – Allied
harvesting deer, turkey, duck and dove. Located just five
Land & Timber Company, Inc. – 800.224.9939.
minutes from Interstate 10. $2,893 per acre. Contact Luke
Murphy – Southern Land Realty – 850.597.4441 or by email
at [email protected]’S
Website: www. DAUGHTER VINEYARDS
southernlandrealty.com
14
16
18
UNDERSTAND YOUR INTEREST RATE
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
39
3
REAL ESTATE: PROPERTY FOR SALE
JEFFERSON COUNTY
Southwest Georgia
Farm Credit
Now Offers Home
Construction Loans.
395 +/- acres. Bar-C Ranch is a cattle and recreational
ranch located between Tallahassee and Monticello. Owned
by the late patriarch Doyle Conner, Sr., a much beloved head
of the Florida Department of Agriculture serving 30 years.
The ranch is very unique and controls a famed “lake drain”
which is a direct connect to the Floridian Aquafer. Currently
the ranch is preparing for upwards of 300 heifers for winter
grazing. This is the type of ranch opportunity that is hard to
find and rarely comes on the open market. Borders Oldfields
Plantation, which is protected by a conservation easement.
$1,975,000. Contact Jon Kohler – Jon Kohler & Associates
– 850.508.2999 or by email at [email protected]. Website:
www.jonkohler.com
466 +/- acres. Green Hills has been held by the same
family for nearly 100 years. This diverse property is in the
middle of the Red Hills belt, with a lake, frontage on Panther
Creek, excellent topography, and beautiful mixed stands of
pines and mature live oaks. Frontage on Highway 59.
Excellent “higher and better use” value and not yet protected
by a conservation easement. Nestled between Valhalla,
Chemonie, Ring Oak, and Woodfield Springs plantations.
House, barn, and new pole barn. $2,892,300. Contact Jon
Kohler – Jon Kohler & Associates – 850.508.2999 or by email
at [email protected]. Website: www.jonkohler.com
Mike Matre
Claudine Morgan
LEONMATRE
COUNTYFORESTRY CONSULTING, INC
Albany
BUENA VISTA REALTY
Marion County
Florida making a comeback
•Primary
residence
and timberland
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
Since there are fewer players
in the more
complex
there’s been a recovery in the Central Florida economy, as he’s seeing
space, you can get into goodsecond
timberhomes
tracts at very reasonable dirt
+/- acres.
Leon Woods is a contiguous
an increase from buyers in that area looking for4,194
recreational
tracts.
prices. “Timberland investments
that are
thousandsperiod
of acres do
•12-month
construction
timberland and recreational property just outside of
produce
very
good
annual
income,
but
even
a
small
timberland
Tallahassee.
plantable acres comprising
He had two brothers with a land clearing business
tellWith
himitsitunsurpassed
was
•Up to 80% loan to value
approximately 88 percent of the entire tract
and a
investment
of just a 100 acres or less can put on very rapid timber
booming so much they can’t keep up. “Whenever
things
are of merchantable and preconsiderable
proportion
•Permanent
loan with
anon investment.”
value, which can lead to 8%
or better annual
return
merchantable
well El
inDestino
Florida,
you will
see hunters
coming
intolongleaf
southpine, Leon Woods provides an
4,138moving
+/- acres.
Plantation
is located
in
attractive interest rate and
unmatched multi-use investment. The property contains a
the famed
Red Hills
of north
Florida
and has a rich and
Georgia
and
south
Alabama.”
Traditional
considerable pine timber resource offering
short-term recreational buyers
onlyin1Claudine
closing Morgan’s Marion County
storied history that dates back to 1828. It is one of the earliest
revenue from timber harvests and allowing
for land-use
market
are
also
looking
for
a
return,
she says. “Our hunters used to
examples
of pioneer
plantations
the north Floridabuyer is the conversion
A slight
twist
in theinrecreational
increased
to ainterest
quail plantation or cattle ranch. $13,682,500.
•Flexible
appraisals
territory. The property has been intensively managed for
buy
land
with
just
hardwoods.
Today,
they want it with timber, also.
Contact
Alanabout
Mackey the
– LandVest, Inc. - Southern Regional
in investment
potential,
whereas,
mostly
generations
to support a prolific
wild bobwhite
quail it used to be
Manager and Florida Broker – 229.924.4949
or by
email that
at
•Acreage
allowed
They
want
value.”
population.
TheIn
result
of this
strategy
is Matre they
game.
fact,
themanagement
two brothers
told
were pulling all Website:
of
[email protected].
www.landvest.com
evident in the rolling topography that strikes a perfect
money
out
of and
thenative
stock
market
and wanted him to get busy
The Broker with Buena Vista Realty also says she’s seeing an
balancetheir
between
towering
pines
grass
understory.
MADISON COUNTY
For thefinding
sporting enthusiast,
El Destino
them some
land.is an incredibly well
increase in a less traditional type of recreational buyer—families
balanced property. Burnt Mill Creek winds through the
with kids. Buena Vista’s proximity to Columbus is part of the
property
and creates
habitat for whitetail
deer and
Mortgage Loan Originator
“That’s
notexcellent
an uncommon
mindset,”
Matre says, “although I don’t
turkey. Two established dove fields can be found on the
attraction.
recommend
converting
everything.
Diversification
is
a
good
thing
highest elevations of the property and provide excellent
NMLS# 700141
shooting.
to Additionally,
have.” a 32 +/- acre plant and flood duck
[email protected]
Brenda Brookins
“
Water is the new oil.
“
pond has historically attracted large quantities of migratory
229.254.8622
ducks. Recreational
The plantation is located
justseem
minutes
buyers
tofrom
be more
Tallahassee. Collectively, all of these qualities make El
nowcandidate
than pre-recession,
Destinocautious
an exceptional
for a conservation he
easement.
Property
improvements
include two manager
says.
“They
do their homework,
and
— Jon Kohler, Jon Kohler & Associates
houses, paddocks, kennel, and barn. $4,895 per acre. Contact
they
of
course
want
good
hunting
Ben McCollum – 229.221.6680 or Eric McCollum
Last year, she worked with clients who wanted anything from 15
– 229.200.4457
– The Wrightbut
Group.
Website:
and aesthetics,
they
also www.
want to see how the property can
•Financing for purchasing a home
wrightbroker.com
to more than 100 acres. “A lot of them just wanted to bring out a
acres. Harmony is a timber tract
located close to
produce financially for them over 10 or even 91
20 +/years.”
•Refinancing
your
current
camper
for the night, bring
the kids, ride
their
four-wheeler.” There
the primitive Cuba Bay Suwanee River Water
Management
mortgage
District thatthat
offersoften
nearly 2,000 acres for hiking,
A big chunk of Matre’s business is timber investment
mighthorseback
be a fishing pond on the tract, too. “That’s kind of a new
riding, fishing, and more. The planted pines and hardwood
•Debt Consolidation
comes as a referral through forestry consulting.
is haven for the old andtrend
I’m on
seeing.”
areas“Timber
provide a safe
young deer
this
property. $1,799
per acre. Contact Luke Murphy
becoming kind of the ‘in’ thing for savvy investors,”
he says.
•Financing for remodeling
– 850.597.4441 or by email at [email protected].
your home
Website: www.southernlandrealty.com
LAND & LIVING - SPRING 2016
40
10
LAND & LIVING - SPRING 2016
I Help My Clients With:
REAL ESTATE: PROPERTY FOR SALE
NORTH
CAROLINA
REFER
A NEW
MEMBER
AND
GET $100
JACKSON COUNTY
2,800 +/- acres. Honey Lake Plantation is the
historic, original plantation on the private 80 +/- acre
deep-water lake located on the eastern edge of the
Tallahassee-Thomasville plantation belt. With the
well-known, award-winning resort and 600+ acres currently
under contract to a church group, this is the crown jewel of
the original plantation with the spectacular lake, gated
estate, and diverse mix of recreational opportunities. It
features a 7,000 +/- sq. ft. main house, the Pansy Ireland Poe
cottage, over six miles of game fence, a 40 +/- acre pivot,
floodable duck pond, and approximately $2M in timber per
recent forester estimates. $12,098,669. Contact Jon Kohler
– Jon Kohler & Associates – 850.508.2999 or by email at
[email protected]. Website: www.jonkohler.com
WALTON COUNTY
5 +/- acres. Above & Beyond is nestled in the Blue
Ridge Mountains – a mountain home getaway that’s been in
the same family for four generations. Step into this
window-rich retreat and you’ll know why it’s been their
sanctuary of choice. Here, you’ll enjoy top-of-the-mountain
perspectives and the soothing sounds of a waterfall. Plus
home features that are right out of a storybook, including
hardwood floors reclaimed from a chocolate factory in
Hershey,
Pennsylvania.
$1,400,000
forTom
homeChastain
and all acreage,
Three-year
old tee-ball
star
legs out a single during a recent game in Bainbridge.
which
is three
lots. Owner
will sell the
house andCarla
the lotisita Credit Analyst at Southwest Georgia Farm Credit.
Tom is the
son
of Carla
and Michael
Chastain.
sits on separately.
Contact
Langford
– Southern
We’re proud
toRob
support
kids,
familiesLand
and our communities throughout southwest Georgia!
Realty – 850.556.7575 or by email at rob@southernlandrealty.
com. Website: www.southernlandrealty.com
is published quarterly for stockholders,
directors and friends of Southwest Georgia Farm Credit.
PRESIDENT
3,535 +/- acres.Richard
For theMonson
past 50 years, the Hester
family has carried BOARD
out a timber
and wildlife management
OF DIRECTORS
program designed to distinguish itself from prototypical
Kim Rentz, Chairman
industrial timberlands. Straddling the Florida-Alabama line,
Robert B. Moss, Vice Chairman
parcels range from 1,007 to 1,387 acres. Beautiful stands of
Johnlongleaf
M. Bridges,
Jeffrey
A. Clark,
James H. Dixon,
Jr.,
natural
andJr.,
slash
timber
are punctuated
by a 23-acre
Clifford
Dollar,
Jr.,three
Robert
L. Holden,
Sr., Ted
Milliron
lake, four
ponds,
and
miles
of Natural
Bridge
Creek.
This turnkey
includes
a converted
depot
EDITORproperty
& MARKETING
DIRECTOR
- Lizrailroad
Nogowski
along with other residences, barns, stables, RV camp area,
MARKETING SPECIALIST - Frances Edmunds
and farm/shop equipment. Currently, Natural Bridge
PUBLISHER
- AgFirst
Farm Credit
Plantation is
#21 on Florida
Forever’s
priorityBank
list and has
been nominated
for Alabama’s
WildMozingo
program.
PUBLISHING
DIRECTORForever
- Padgett
Walton County made inroads in 2009 to purchase 19 acres
PRINTER
Professional
Printers
surrounding the
second -magnitude
spring
that was
appraised for $520,000.
With a- Kathi
high percentage
CIRCULATION
DeFlorio of usable
land (82%), excellent soils, and multiple water sources,
Address Bridge
changes,
questionssets
or comments
should
directed
Natural
Plantation
up nicely for
an agbeconversion.
to Southwest
Georgiamerchantable
Farm Credit by
writing
305 Colquitt
There
is also valuable
timber,
including
many
in
the poleBainbridge,
and plywood
category.
This
Highway,
GAveneer
39817,grade
calling
229.246.0384,
or
property
subdivable and reduced by $2M. Copies
Contact of
Arnie
emailing [email protected].
the
Rogers
– Verdura
Realty
or by email
at
Association’s
Annual
and– 850.491.3288
Quarterly reports
are available
[email protected].
www.
upon request free of charge by Website:
calling 1.866.304.3276
or
verduraproperties.com
writing Ryan Burtt, Chief Financial Officer, Southwest Georgia
Farm Credit, 305 Colquitt Highway, Bainbridge, GA, 39817,
or accessing the website, www.SWGAFarmCredit.com. The
Association prepares an electronic version of the Annual
Report which is available on the Association’s website within
75 days after the end of the fiscal year, and distributes the
Annual Reports to Shareholders within 90 days after the
end of the fiscal year. The Association prepares an electronic
version of the Quarterly report within 40 days after the end
of each fiscal quarter, except that no report need be prepared
for the fiscal quarter that coincides with the end of the fiscal
year of the institution.
INSIDE THIS ISSUE
Do you know someone who could be a member of
Southwest Georgia Farm Credit? Referrals are important
to the growth of your association, and we want to thank
you for telling others why you do business with Farm Credit.
4
Refer someone who is not a member to Southwest Georgia
Farm Credit and if that referral results in a new loan or lease
of $10,000 or more, you will receive a $100 VISA card!
HAPPY 100TH, FARM CREDIT!
IT’S FAST AND EASY!
6
Simply go to SWGAFarmCredit.com. Click on Member
Referral Program.
Fill out theCRYSTAL
form. It’s reallyBALLS
that easy!
AREA REALTORS TELLS US WHAT’S
IN THEIR
2016 LAND SALES SURVEY
14
DUANE “BANJO” DAVIS SERVED OUR COUNTRY,
AND OUR BORROWERS, WELL
16
FARMER’S DAUGHTER VINEYARDS
SWGAFarmCredit.com
18
through submitted
this form must
be submitted
prior
to the
loan application to qualify.
* Any referral submitted
*Any referral
through
this form
must
be submitted
UNDERSTAND YOUR INTEREST
RATE
prior
to thetoloan
application
to are
qualify.
Loans subject
to RESPA
Loans
subject
RESPA
regulations
not included
in this promotion.
regulations are not included in this promotion
LAND & LIVING - SUMMER 2014
2
LAND & LIVING - JULY 2015
LAND & LIVING - SPRING 2016
LAND & LIVING - SPRING 2016
41
3
Homegrown By Heroes
Boosts Efforts of U.S. Farmer Veterans
Farmers around southwest Georgia who proudly served their country can be part of a nationwide
“Homegrown By Heroes” program designed to boost the efforts of U.S. farmer veterans to
market their agriculture products. Launched about a year ago, the program allows farmers
who served in the U.S. armed forces to add the Homegrown By Heroes logo to their products’
packaging and signage. The label is an easy way for consumers to identify farmer veteran
products and support the nation’s military veterans by purchasing those products.
“The Farm Credit System is committed to serving the small towns and
communities that make America great,” said Richard S. Monson,
president, Southwest Georgia Farm Credit. “The Homegrown
By Heroes effort supports economic opportunity for our
veterans, many of whom have returned to the states to
continue or pursue their work in agriculture.”
Monson said he felt confident that consumers would
Mike
Matre
appreciate
the opportunity to show their support of
Claudine Morgan
U.S. veterans.
MATRE
FORESTRY CONSULTING, INC
BUENA VISTA REALTY
Albany
Marion County
Farmers interested in learning more should visit the
Farmer Veteran Coalition web site at farmvetco.org.
Florida making a comeback
Mike Matre, Broker with Matre Forestry Consulting, Inc., says he can tell
there’s been a recovery in the Central Florida economy, as he’s seeing
an increase from buyers in that area looking for recreational tracts.
He had two brothers with a land clearing business tell him it was
booming so much they can’t keep up. “Whenever things are
moving well in Florida, you will see hunters coming into south
Georgia and south Alabama.”
Since there are fewer players in the more complex timberland
space, you can get into good timber tracts at very reasonable dirt
prices. “Timberland investments that are thousands of acres do
produce very good annual income, but even a small timberland
investment of just a 100 acres or less can put on very rapid timber
value, which can lead to 8% or better annual return on investment.”
UP TO 100% FINANCING IN 20 MINUTES OR LESS.
A slight twist in the recreational buyer is the increased interest
in investment potential, whereas, it used to be mostly about the
game. In fact, the two brothers told Matre they were pulling all of
their money out of the stock market and wanted him to get busy
finding them some land.
“That’s not an uncommon mindset,” Matre says, “although I don’t
recommend converting everything. Diversification is a good thing
to have.”
“
A big chunk of Matre’s business is timber investment that often
Ragan
Fretwell
comes as
a referral
through forestry consulting. “Timber is
Farm Credit EXPRESS, Relationship Manager
becoming kind of the ‘in’ thing for savvy investors,” he says.
[email protected] > 229.254.6391
10
42
LAND
& LIVING
- SUMMER
LAND &
LIVING
- SPRING
2016 2014
16
LAND
& LIVING
- DECEMBER
2014
LAND &
LIVING
- SPRING
2016
FINANCING YOUR EQUIPMENT
IS FAST AND EASY
The Broker with Buena Vista Realty also says she’s seeing an
increase in a less traditional type of recreational buyer—families
with kids.
Buena Vista’s
proximity to Columbus is part of the
• Competitive
rates
attraction.
• Flexible terms
• Fixed rates with no prepayment penalties
Water is the new oil.
Recreational buyers seem to be more
cautious now than pre-recession, he
says. “They do their homework, and
they of course want good hunting
and aesthetics, but they also want to see how the property can
produce financially for them over 10 or even 20 years.”
SWGAFarmCredit.com
Traditional recreational buyers in Claudine Morgan’s Marion County
market are also looking for a return, she says. “Our hunters used to
buy land with just hardwoods. Today, they want it with timber, also.
They want that value.”
• Financing up to 100% of equipment sale price
• Take advantage of all manufacturer cash discounts
• Competitive used equipment financing
“
— Jon Kohler, Jon Kohler & Associates
Last year, she worked with clients who wanted anything from 15
to more than 100 acres. “A lot of them just wanted to bring out a
camper for the night, bring the kids, ride their four-wheeler.” There
might be a fishing pond on the tract, too. “That’s kind of a new
trend I’m seeing.”
WHAT YOU DO WITH YOUR
MEMBER DIVIDEND
DISTRIBUTION IS UP TO YOU!
BUY
REPLACE
TAKE
a vacation!
a truck. farm equipment.
SPOIL
the kids.
EVERY $1 distributed to our borrowers
has an estimated economic impact
of $5 to $10*
OUR $3.95 MILLION DISTRIBUTION
has an impact of between $20 million
to $40 million in our marketplace.
That translates into investment, spending,
and employment.
Member dividend distributions are at the discretion of the Board of Directors.
*Dr. David M. Kohl, Professor Emeritus of Agricultural Finance and Small Business Management and Entrepreneurship at Virginia Tech.
PRSRT STD
US POSTAGE
PAID
COLUMBIA SC
PERMIT 1160
305 Colquitt Highway
Bainbridge, GA 39817
Experienced.
Equipped.
Engaged.
WE FINANCE MORE LAND
THAN ANY OTHER LENDER
IN THE REGION.
SWGAFarmCredit.com