The Press Room
How to Get Double Growth
“To help our investors maximize the return on their investments, we try to help them look at the potential of the property for the future, not only the cost of that land today,” Bo Prestidge of Schlater, Mississippi, and the owner of Wildlife & Ag Lands says. “When we look at a piece of property with an investor, we try to consider every aspect of the property. We look at the timber values, the value of the houses, barns, and/or out-buildings, the irrigation wells that may be present, wells that can be used to flood fields for waterfowl and the creeks and valleys that may be dammed-up to create ponds or lakes. We have to help our investors see the potential of the land in the future, not just in its current state, because the property often has far-greater potential for generating income and increasing value than the cost that’s being asked for the property at the time of the sale.”
In the past, agricultural and timber lands were based on two factors: the value of the dirt and the value of the timber. However, in the last 10 to 20 years, the wildlife and the recreational potential of the land has far surpassed these other two components in determining price in many areas. Some questions investors may ask include: How close is the property to a major metropolitan area? Does the land have a lake, or can a lake be constructed? Does the property have huntable populations of deer, turkey, waterfowl and/or other wildlife? What’s the quality of the wildlife on the property? If the land has a good number of really-big bucks, a strong turkey flock with plenty of long-bearded gobblers, wetlands and/or deep watering areas that will attract waterfowl, the value of that property may far surpass the timber value and the dirt value. Therefore, purchasing property with low numbers of wildlife or poor quality of wildlife which can through better management practices and/or better farming practices, improve the quality of the wildlife on the property, positively can impact the value of the land immediately and over long-term.
To learn more about Mossy Oak Properties, go to www.mossyoakproperties.com. For more information on Wildlife & Ag Lands, visit www.wildlifeaglands.com, or call 662-658-4444 or 877-658-4442.
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