Farm & Ranch
LARGEST ONE-OF-A-KIND RANCH IN NORTH AMERICA GAINS STRONG INTERNATIONAL INTEREST WHILE YET TO “OFFICIALLY” HIT MARKETPLACE
Listing brokers report early international interest in the 800-square mile
Texas ranch and oil estate of famed oil & cattle baron legend W.T. Waggoner
VERNON, TEXAS, OCTOBER 7, 2014 – It’s a Texas-sized story that Hollywood could never write, yet this story is destined for the history books. The iconic Waggoner Ranch will be sold.
The seller’s brokers, who will likely “officially” go to the open market in the next 30 to 45 days, report an early surge of interest from potential buyers and brokers worldwide seeking to register interest in the ranch.
“The initial momentum of interest in the Waggoner Ranch has even surpassed my expectations,” said Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty. “So of course, the response is only a reflection of the magnitude the Waggoner property truly represents.”
“The news of our assignment was picked up by the Associated Press and went viral,” said Bernard Uechtritz of Briggs Freeman Sotheby’s International Realty in Dallas, one of the two exclusive agents representing the sale of the W.T. Waggoner Ranch. “The resulting interest and inquiries from a broad spectrum of qualified buyers has been extremely strong, even overwhelming, as we have tried to focus on the tasks of preparing the property, data, and documentation to actually get on the market.”
Founded in 1849, the legendary W.T. Waggoner Ranch was approved to be liquidated August 6, 2014, by Texas 46th District Court Judge Dan Mike Bird.
This iconic property consists of 510,000 contiguous acres encompassing an historic empire of vast, rich oil fields, open ranges, fertile farming and endless miles of grazing land, along with herds of thousands of cattle as well as enormous lakes, hundreds of foundation-bred, award-winning American quarter horses — all spread across six counties of west Texas prairie and sweeping rangeland. For the first time in its expansive history, the W.T. Waggoner Ranch will be offered to the open market for sale internationally.
The receiver for the W.T. Waggoner Estate, Michael Baskerville, approved the shareholder plan presented to the court. Key to this plan was the appointment of Uechtritz of Briggs Freeman Sotheby’s International Realty and co-broker Sam Middleton of Chas. S. Middleton & Son in Lubbock, Texas as the exclusive agents representing the sale of the ranch and estate assets, offering the ranch to state, national and international interest.
“Briggs Freeman Sotheby’s International Realty is pleased to provide the strategic marketing, and regional, national and international reach to take the W.T. Waggoner Estate across Texas and to the four corners of the world,” said Briggs.
The W.T. Waggoner Ranch is the largest ranch in the United States whose operations exist ‘under one fence.’ There is no other property available on the market anywhere that rivals the Waggoner Ranch’s prestige, its family’s place in history, or its infrastructure. Most likely, an opportunity like this will never be seen again in our lifetime.
Given the most recent interest in the property, Baskerville has set a guideline price for the Waggoner Ranch at $725 million. “The market will soon tell us if we are $3 million too high or $300 million too low,” said Uechtritz. “Right now, the level of response is telling us that this will not be a drawn-out process.”
The listing announcement by Baskerville was supported by a consensus of the shareholders, heirs and families of the estate.
Since this property has never before been sold, no title report or even a complete survey existed for the Waggoner Ranch until this year in anticipation of the sale.
One of the primary assets of the ranch are the mineral rights. Currently, 1,200 wells produce an approximate monthly gross of 41,000 barrels a month for the entire estate. The sale of the Waggoner Ranch will include approximately 42% of these rights, along with a multitude of other assets. Incredibly, some 400,000 acres of the ranch remains unexplored and undeveloped with regard to oil exploration.
“To a buyer,” said Middleton, “there are potentially significant tax benefits in addition to land appreciation and development. Given the opportunities for further oil exploration, green energy, prime farming and grazing land, existing cattle and horse operations, and with an already established infrastructure that includes dams and thousands of miles of fencing and roads, the buyer will potentially get an incredible tax write-off through accelerated depreciation of the vast assets included with the land.”
The Waggoner Ranch is also home to a wide variety of wildlife. “This ranch has not been commercially hunted in 165 years of its ownership. There are outstanding Boone and Crockett quality bucks on the ranch that have never heard a rifle shot,” said Middleton.
What stands as perhaps the most critical component of this sale for the brokers is finding the perfect buyer for the Waggoner Ranch. “This is literally a once in a lifetime opportunity to own such a Texas treasure. The Waggoner Ranch has such significant value, but it’s more than just a large piece of property. The ranch serves so many purposes: multiple integrated businesses, the community, the people… it’s a part of not only Texas history, but an integral part of the history of the cowboy and the American West,” said Uechtritz. “The perfect buyer, we believe, and the family believes, is someone who understands the big picture of the Waggoner Ranch, and that its preservation is critical to its continued prosperity, legacy and value to society. For either an individual or a corporate entity, the acquisition of the ranch offers profitability, diversity and development with the added opportunity to be a civic giant who will benefit from immeasurable culture and community alliance by preserving an icon.”
“I am very pleased with the selection of Bernie Uechtritz and Sam Middleton – to be on the front lines of this herculean assignment,” added Baskerville. “I am confident that Bernie and Sam will find the ranch its perfect buyer.”
For Uechtritz, the W.T. Waggoner Ranch is a symbol of America’s past whose preservation is vital to this country’s future. “Speaking personally,” said Uechtritz, “I am certainly hoping we engage a true patriot or entity who cares less about ‘what price,’ and who will step forward to protect, preserve and enhance this American icon and the cowboy way of life for another 200 years. If someone is willing to pay $2 billion for a basketball team, what does this make half a million prime Texas acres worth? From a brand perspective, no other ranch will ever be the Waggoner. There will only ever be one Waggoner. A ranch that is producing food, energy, is home to some of the best cattle and best bloodlines of horseflesh in the world, and whose generations of employees are the finest example of the backbone of our society. People whose fortitude, values and ethos exemplify what great nations were built on.”
About the W.T. Waggoner Ranch
Founded by Dan Waggoner in 1849, his son, famed cattle baron W.T. Waggoner, continued expanding the ranch to the 510,000 acres that will soon be offered to the international marketplace. Owned exclusively by the Waggoner family, this is the first time the 800-square mile estate has ever been listed for sale. The W.T. Waggoner Ranch is the largest contiguous ranch in the United States, and along with King Ranch and the 6666 (Four Sixes) Ranch, is known throughout the world and revered in Texas as one of the “Big Three.” Nearly the size of Rhode Island, the ranch encompasses six North Texas counties, offering two main compounds, dozens of additional homes, 20 cowboy camps, enormous lakes, hundreds of award-winning quarter horses, thousands of heads of cattle, 1,200 oil wells, and 30,000 acres of cultivated farm land.
About Michael Baskerville
Michael (Mike) S. Baskerville is a Vernon, Texas attorney and Vernon native. He was appointed as Receiver by District Judge Dan Mike Bird in 2011.
About Briggs Freeman Sotheby’s International Realty
Briggs Freeman Sotheby’s International Realty is the oldest privately held real estate boutique in Dallas. With six offices in Dallas, Lakewood, Uptown, Ranch and Land, The Ballpark and Southlake, and more than 250 associates, the firm specializes in significant properties, from historic to contemporary, ranch to waterfront. The company’s deep-rooted connections, cutting-edge marketing and global strategies bring the extraordinary to all clients. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information, visit http://www.briggsfreeman.com.
About Bernard (Bernie) Uechtritz
International Real Estate Adviser Bernard Uechtritz has a 20-year proven track record of selling and advising on complex, unique and luxury real estate as well as iconic ranches throughout the United States. Since 1995, he has managed and sold real estate for a broad range of clients, institutions, and private wealth management entities. Born in Papua, New Guinea to a pioneering ranch family, Mr. Uechtritz has the ‘cowboy tradition’ in his blood. In a career made on the impossible, Mr. Uechtritz pursued his passion for real estate and ranches stateside, consulting as an international marketing expert and strategic real estate specialist for some of the world’s biggest and most unique properties. Mr. Uechtritz is a father, cattle rancher and competitive horseman.
About Chas. S. Middleton and Son
Sam Middleton is the owner of the renowned West Texas real estate and appraisal firm, Chas. S. Middleton and Son, established by his grandfather in 1920. The business consists of farm and ranch appraisals and farm and ranch sales. Sam holds Real Estate Broker licenses in Texas, New Mexico, Oklahoma, Kansas and Colorado. Mr. Middleton holds the designation of ARA (Accredited Rural Appraiser) through the American Society of Farm Managers and Rural Appraisers, and is a certified appraiser for the states of Texas, New Mexico and Colorado. He has sold numerous expansive ranches throughout the western states of Texas, Colorado, New Mexico and Kansas over the course of several decades. Mr. Middleton lives near Lubbock, Texas and is also a cattle rancher. For more information, visit http://www.chassmiddleton.com.
About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.
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Farm & Ranch
Frog Fruit
By Tony Dean, tonydean.tx1@gmail.com
Frog fruit is a native, low-growing perennial forb adapted to most of the eastern U.S., but few grazers know it well. It contributes more to our plant communities than we realize. It generally grows no more than a few inches tall and roots at the nodes. It can form dense mats several feet across and develop runners up to 3 feet long.
The leaves are thick, one to two inches long and 3/8 inch wide, and toothed from the middle to the tip. Tiny white flowers form a ring around a flower head, and the head then elongates into a cylinder an inch long or longer. Frog fruit has a four-angled stem.
Frog fruit can grow almost anywhere in Texas and on many soil types. It can grow in drier soils and likes good drainage, but it needs additional moisture to survive the hottest months. You can find it almost anywhere in a pasture, though it often grows in depressions and near water sources.
“Frog fruit is used as forage by livestock and deer. I recall an instance when I was moving cattle from one pasture to the next on a Jack County ranch. As I opened the gate, I stood by a beautiful green plant of switchgrass which I expected to be immediately grazed down. The cattle walked right by the switchgrass and stuck their heads in a small patch of frog fruit a few feet away,” Dean said.
Frog fruit is gaining popularity as a ground cover for homes and gardens for these reasons:
- Frog fruit grows quickly, maybe too quickly. If it gets out of bounds, you can always trim it back.
- Frog fruit is low maintenance. Once you get it established with adequate watering, it can survive with little care.
- Frog fruit has a long bloom period, from April to October.
- It is a host plant for several butterfly species and other insects.
Farm & Ranch
Theileria orientalis
By Barry Whitworth, DVM
Over the past few years, veterinarians have detected Theileria orientalis in Oklahoma cattle. Early cases were primarily diagnosed in adult cattle, but more recent Oklahoma cases have been identified in stocker cattle. All cattle producers should be familiar with the clinical signs of this disease and check their cattle daily for signs of trouble.
The first U.S. case of theileriosis was identified in Virginia in August 2017. Those cattle showed weakness and anemia, and veterinarians made an initial diagnosis of anaplasmosis. Blood samples from the animals were tested for Anaplasma, Babesia and Leptospira. Results were negative for all three, but the tests revealed a blood protozoan, later identified as T. orientalis genotype Ikeda. Since that first herd outbreak, the organism has been detected in several states.
Cattle sick with T. orientalis genotype Ikeda may show fever, weakness, anorexia and exercise intolerance. If forced to move, affected cattle may stagger and gasp for air. If stressed excessively, they may collapse and die. On examination, the gums, eyes or vaginal mucosa may appear pale (white) or yellow. Reproductive losses, including stillbirths and late-term abortions, may occur, along with a drop in milk production.
Clinical signs reported in adult cattle in Oklahoma include anemia, sudden death, weight loss, abortion, failure to thrive and failure to calve. In stocker cattle, producers have reported weight loss, anemia, poor performance and sudden death.
Because Anaplasma marginale and T. orientalis genotype Ikeda produce similar clinical signs, telling the two apart can be difficult. One difference is that clinical signs are more common in young cattle infected with T. orientalis than in young cattle infected with A. marginale. Cattle with anaplasmosis also often display aggression, while those with T. orientalis genotype Ikeda typically do not. A laboratory test is required to tell the two diseases apart with certainty.
Researchers have identified Haemaphysalis longicornis as a possible vector of T. orientalis genotype Ikeda. In 2017, the U.S. Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) confirmed the presence of H. longicornis, commonly called the Asian longhorned tick (ALT) or bush tick. While trying to determine how the tick arrived in the United States, USDA officials discovered it had been present in West Virginia as early as 2010. The tick has now been confirmed in at least 26 states, including Oklahoma. Some evidence suggests other insect vectors may also transmit T. orientalis genotype Ikeda. Needle transfer is another possible route of transmission.
The ALT has been identified in Craig and Mayes counties in Oklahoma. This tick thrives in areas with high humidity, such as wooded regions, brush or tall grass. Ticks are often found where large numbers of wildlife gather, such as along deer trails. Producers can find more information about the ALT on the USDA website at https://www.aphis.usda.gov/livestock-poultry-disease/cattle/ticks/asian-longhorned.
Other countries have developed treatments for T. orientalis, but no approved treatments are available in the United States, and no vaccine exists for this disease. The best defense is prevention: buying cattle free of the organism, avoiding blood transfer between animals and using effective tick control. Producers should purchase cattle from reputable sources. Clean instruments between animals during procedures such as castration or dehorning, and change needles between every animal. Control external parasites with appropriate insecticide treatments. Pasture management also helps, such as rotating cattle away from wooded or brushy areas where ticks thrive. Patch burning may also help reduce tick populations.
Theileria orientalis remains a concern for some cow/calf and stocker producers in Oklahoma. Producers who want more information about T. orientalis genotype Ikeda should contact their local veterinarian or Oklahoma State University County Extension agriculture educator.
References
Hammer, J. F., Emery, D., Bogema, D. R., & Jenkins, C. (2015). Detection of Theileria orientalis genotypes in Haemaphysalis longicornis ticks from southern Australia. Parasites & Vectors, 8, 229.
Oakes, V. J., Yabsley, M. J., Schwartz, D., LeRoith, T., Bissett, C., Broaddus, C., Schlater, J. L., Todd, S. M., Boes, K. M., Brookhart, M., & Lahmers, K. K. (2019). Theileria orientalis Ikeda genotype in cattle, Virginia, USA. Emerging Infectious Diseases, 25(9), 1653-1659.
Spickler, Anna Rovid. (2019). Theileriosis. Retrieved from http://www.cfsph.iastate.edu/DiseaseInfo/factsheets.php.
Watts, J. G., Playford, M. C., & Hickey, K. L. (2016). Theileria orientalis: A review. New Zealand Veterinary Journal, 64(1), 3-9.
Farm & Ranch
Is the Pond Safe for Livestock?
By OKFR Staff
During the hottest part of summer, a farm pond can look like a welcome source of water. Cattle may be standing belly-deep along the bank, and the pond may still hold enough water to seem dependable. Looks alone won’t tell you whether that water is safe.
Hot weather, limited rainfall and falling pond levels can create water-quality problems. As water evaporates, salts, minerals, nutrients and other substances become more concentrated. Warm, still water can also encourage blue-green algae, and some forms can produce toxins capable of killing livestock.
Producers sometimes treat water as an afterthought compared to grass, hay and supplemental feed. Livestock need a dependable supply of clean water to maintain feed intake, regulate body temperature and support production. Poor-quality water can reduce consumption and performance even when it does not cause obvious poisoning.
A pond that has watered cattle for years is not safe under every set of conditions. Pay particular attention during drought, extreme heat or any period when the water level drops significantly.
Watch the Water and the Livestock
One of the most serious late-summer concerns is a bloom of cyanobacteria, commonly called blue-green algae. These organisms live naturally in many bodies of water, and most do not produce dangerous toxins. The risk rises when certain toxin-producing species multiply rapidly under favorable conditions.
According to Oklahoma State University Extension, toxic blue-green algal blooms typically develop in standing water after periods of hot, dry, calm weather. Nutrients such as nitrogen and phosphorus can fuel excessive growth. Those nutrients may reach a pond through manure, fertilizer runoff, soil erosion and decaying vegetation.
A suspicious bloom may turn the water bright green, blue-green, pea-soup green or even brownish. Scum, foam or mats may collect along the shoreline, particularly where the wind pushes floating material into one area. Some blooms look like spilled paint.
Not every green pond is poisonous. Common aquatic plants and harmless algae can also change the color or surface of the water. You usually cannot tell whether a bloom is toxic by looking at it, and a pond can contain toxin-producing cyanobacteria without showing every commonly described warning sign.
Keep livestock, horses, pets and people away from water that has an unusual color, heavy surface scum, a bad odor or unexplained dead fish or wildlife nearby. Do not let livestock drink from another part of the same pond on the assumption that the water is safe there. Wind can move a bloom, and toxin levels may vary across the pond.
Blue-green algae can produce toxins that affect the nervous system or liver. Depending on the toxin and the amount consumed, affected animals may develop weakness, staggering, difficulty breathing, tremors, convulsions, diarrhea or collapse. In severe cases, owners find animals dead near the water before realizing anything is wrong. Treatment often fails, which makes prevention especially important.
Treat any suspected poisoning as an emergency. Move the herd away from the water source without driving or stressing animals that may already be affected. Provide another clean water supply and contact a veterinarian immediately. Your county Extension office can also help you determine where and how to submit a water sample.
Blue-green algae is not the only potential problem. Pond water may contain elevated levels of dissolved salts, sulfates, nitrates, bacteria or other contaminants. Runoff can carry manure, fertilizer, pesticides and organic matter into the pond. Low water levels make some of these problems worse because the remaining water grows more concentrated.
Water with excessive dissolved solids may taste bitter or salty, so animals drink less of it. Depending on the substances involved and their concentrations, poor-quality water may contribute to diarrhea, reduced feed intake, poor weight gain or other health concerns. Young animals and livestock that are not used to the water may be more vulnerable.
Watch the cattle themselves, too. Are they reluctant to drink? Are they crowding around a different water source? Has feed intake or weight gain dropped without an obvious explanation? Are several animals having digestive problems? Changes across multiple animals can be an early clue that you need to look at the feed or water.
OSU Extension recommends collecting a representative sample and submitting it for a livestock water test whenever you suspect a water supply is harming animal health or performance. A standard livestock water test covers several characteristics, but blue-green algae can require different sampling and testing procedures. Contact the laboratory or county Extension office before collecting the sample so you take it from the right location, use the proper container and handle it correctly.
Reduce Problems Before They Develop
Good pond management cannot eliminate every water-quality problem, but it can lower the risk. One of the most effective steps is limiting the manure, soil and nutrients that enter the water.
Cattle with unrestricted access to an entire pond can damage the banks, muddy the water and deposit large amounts of manure in or near it. Hoof traffic strips vegetation and speeds erosion. Sediment fills the pond over time, while manure supplies nutrients that can encourage excessive algae growth.
Where practical, fence livestock away from most of the pond and provide a limited-access watering point. Another option is piping water to a trough below the dam or elsewhere in the pasture. OSU notes that reducing cattle manure in the pond can reduce the conditions that favor toxic algae and make the water more palatable.
A vegetated buffer around the pond can slow runoff and trap soil and nutrients before they reach the water. Apply fertilizer and manure carefully in the watershed, particularly before heavy rain, and do not let large amounts of hay, feed or organic debris pile up at the water’s edge.
Alternative watering systems need maintenance, too. Check troughs for algae, manure, drowned animals and other contamination. Install wildlife escape ramps in tanks so birds and small animals can climb out instead of drowning and fouling the water.
Be cautious about treating a pond on your own. Some owners use copper sulfate and other algaecides for algae control, but improper treatment can create new problems. Killing a large amount of algae or aquatic vegetation at once can deplete dissolved oxygen as the material decomposes, which can lead to a fish kill. Treatment may also release toxins from affected cyanobacteria into the water. Base any chemical application on proper identification and professional recommendations, not guesswork.
Livestock should always have enough water for the weather, their size and their stage of production. Demand rises sharply in hot weather, and a pond that barely meets the herd’s needs in spring may fall short in August. Check the source regularly instead of waiting for cattle to gather around a muddy shoreline.
Ponds can fool you. Crystal-clear water isn’t always safe, and a green pond doesn’t always mean toxic algae. Regular observation, testing and prevention are the best ways to keep a pond safe for your herd.
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