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CAPITAL FARM CREDIT READY TO FINANCE SALE OF HISTORIC W.T. WAGGONER RANCH

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BRYAN, TEXAS                                                                 PR Contact: Will Beuck

FOR IMMEDIATE RELEASE                              waggonerranchsalepr@gmail.com

                                                                                                214-802-9506 (cell)

972-340-2773 (fax)

 

CAPITAL FARM CREDIT READY TO FINANCE SALE OF HISTORIC W.T. WAGGONER RANCH

 

Capital Farm Credit today announced its selection to underwrite and finance the famous W.T. Waggoner Estate Ranch in the upcoming and contemplated sale of the giant and iconic Texas property.

 

Bryan, Texas (August 6, 2015) – As one of the most storied ranches in Texas heads toward the finality of sale and enters a new era of ownership, the question of where a prospective buyer might source funding for such a record breaking acquisition as the $725 million dollar icon is answered today in part at least as Capital Farm Credit announces their selection as lender within the sales team.

 

“We have been working with brokers Sam Middleton and Bernard Uechtritz for some months now in order to be in a position to completely underwrite and lend on this incredible ranch and historic opportunity,” states Capital Farm Credit CEO Ben Novosad. “We are now in a position to offer a qualified buyer, joint venture or entity non-contingent financing and a fast close when purchase and sale contracts are submitted.”

 

Sam Middleton owner of Chas. S Middleton and Sons of Lubbock said, “I have worked with Capital Farm Credit for many years in many successful transactions and I believe them to be one of the premier lenders in our agricultural industry. They are a great fit for this project with Bernie and me.”

 

“When you look at the enormity and complexity of this project with the land, minerals, infrastructure, livestock and equipment involved, this deal is not for the faint of heart,” stated Bernard Uechtritz, marketing broker for Briggs Freeman Sotheby’s International Realty. “Sam and I were approached by many would-be lenders and jointly interviewed several in this process.”

 

Uechtritz continued, “We chose Capital Farm Credit because not only were they very capable in that they had the expertise and capacity to deliver on this deal, but moreover, their team was willing to get down in the trenches with us for months now and roll up their sleeves to spend the time, money and effort to get the job done. That’s called commitment, and Capital Farm Credit was not afraid to make such a commitment!  As a result, they will play a pivotal role in the success of this transaction as we enter the home stretch of our marketing and sales program.”

 

“Sam and Bernie are recognized as some of the best at what they do, and we’re proud to work with them as they market the Waggoner Ranch,” said Novosad. “The Waggoner is a big part of Texas’ rich cowboy history and tradition. Capital Farm Credit has supported and provided a reliable source of credit to Texas farmers and ranchers for the better part of a century. Blending Texas market expertise with cutting edge financial products is what we do, and we’re very comfortable doing it.”

“We also understand this is a rare opportunity,” added Novosad. “The Waggoner Ranch has been under the same family ownership since 1849. This is the first time it has been up for sale, and we’re excited to be a part of history in the making.”

 

– End –

 

About Capital Farm Credit

Capital Farm Credit has provided financing to Texas farmers, ranchers, rural property owners and agribusinesses for nearly a century. Headquartered in Bryan, Tex., CFC has offices spanning most of Texas. For more information about its lending programs, financial services, office locations and patronage program, visitwww.CapitalFarmCredit.com.

 

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. Nearly 800 square miles and about 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 Bernard Uechtritz & Sam Middleton

Bernard Uechtritz and Sam Middleton were selected by the families and shareholders of the W.T. Waggoner Ranch Estate by unanimous agreement and confirmed by the receiver and presiding judge in the decision to enter the open market internationally to sell the iconic ranch and its related assets. Sam Middleton is a third generation broker at Chas. S. Middleton & Son of Lubbock, Texas. Bernard Uechtritz is an International Real Estate Advisor for Briggs Freeman Sotheby’s International Realty in Dallas, Texas.

 

About Chas. S. Middleton and Son

Chas. S. Middleton and Son was established in 1920. The business consists of farm and ranch appraisals and farm and ranch sales. The firm sells ranches in Texas, New Mexico, Oklahoma, Kansas and Colorado. For more information, visitwww.ChasSMiddleton.com

 

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.

 

For all media requests, information, official photography and any other public relations’ requests, please contact Will Beuck at waggonerranchsalepr@gmail.com,

214-353-6600, or cell at 214-802-9506.

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S’mores Brownies

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By Lacey Vilhauer

Ingredients

Graham Cracker Crust

  • 1 cup pulverized graham crackers (about 6 graham crackers, blended or food processed)
  • 1/3 cup butter, melted
  • 1/4 cup brown sugar

Brownies

  • 12 Tbsp butter
  • 1 cup brown sugar, lightly packed
  • 3/4 cup white sugar
  • 4 eggs
  • 1 1/2 tsp vanilla
  • 1/4 cup flour
  • 1 cup cocoa powder
  • 1 cup milk chocolate chips

Toppings

  • 4 Hershey’s bars
  • 1 (10-ounce) bag mini marshmallows

Instructions

Preheat oven to 350 degrees Fahrenheit. Grease an 8×8 baking pan.

Graham Cracker Crust: Pulverize graham crackers and stir in melted butter. Stir in brown sugar. Press into the bottom of the baking pan and set aside.

Brownies: In a heavy saucepan, melt butter and stir in white and brown sugars. Stir over medium heat for 1 to 2 minutes, until sugar starts to dissolve. Remove from heat and add vanilla. Add eggs one at a time, whisking each into the sugar and butter mixture. Add flour and cocoa powder and stir together. Fold in chocolate chips. Pour brownie mixture over the graham cracker crust. Bake for 40 minutes.

Remove from oven and turn oven to broil. Immediately lay chocolate bars over the top and cover them with mini marshmallows (or cut-up large marshmallows). Broil for one to two minutes, watching closely so they don’t burn, and remove once brown. Let cool.

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Pray in the Hallway

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By Ada William

A few weeks ago in church, our preacher shared a line that has stayed with me ever since.

“If you’re wondering what door to walk through, pray in the hallway.”

He was quoting someone else, and I did not catch the original source. I did, however, catch the message.

Most of us have stood in that hallway at one time or another. We know something is changing, but we do not know what comes next. There may be several doors in front of us, and none of them are clearly marked. We ask God to show us which one to open, but the answer does not always come as quickly as we would like.

Waiting is hard. People who live and work in rural communities understand waiting better than most. Farming, ranching and caring for animals require patience. You can prepare the ground, plant the seed and pray for rain, but you cannot force a crop to grow overnight. You can breed the best mare to the best stallion, provide good feed and proper care, and still wait nearly a year to see the foal. You can put up hay, repair fences and prepare barns, but you cannot control what kind of winter is coming.

Rural life involves a great deal of faith. You do your part, and then you wait.

Of course, waiting does not mean doing nothing. A farmer does not plant a field and ignore it until harvest. There are weeds to control, equipment to maintain and weather forecasts to watch. A rancher waiting for a calf crop still checks cattle, watches the condition of the cows and makes sure the calving pasture is ready.

The waiting season has work of its own.

I think the same is true when we wait on God to show us what comes next. Praying in the hallway means more than standing still and staring at the doors. It means using that time to draw closer to God, listen carefully and prepare ourselves for whatever He may ask us to do.

Sometimes I want an immediate answer. I want God to make the right door obvious, open it wide and hang a large sign above it that says, “This way.”

That is not usually how it works.

Sometimes the hallway lasts longer than we expected. A job opportunity does not come through. A relationship changes. A plan we felt certain about falls apart. A prayer seems to go unanswered.

It can be tempting to grab the nearest doorknob because we are tired of waiting.

Anyone who has worked cattle knows that pushing too hard at the wrong time usually creates more trouble. Cattle move better when the handler pays attention to pressure, timing and position. There are moments to step forward and moments to back away. Trying to force movement before the path is clear can scatter the whole herd.

I have had times in my own life when I tried to force a door open because I was convinced it was the one I needed. Other times, I hesitated to step through a door because it was not the one I had pictured.

Looking back, I can see that some closed doors were protection. Some delays were preparation. Some unanswered prayers were answered differently than I expected.

Waiting doesn’t get easier, but the hallway is not wasted space.

The hallway may be where God changes our plans. It may be where He strengthens our faith, corrects our attitude or teaches us to depend on Him instead of our own understanding. It may be where we finally become quiet enough to hear what He has been saying all along.

Rural life teaches us that there is a season for everything. There is a time to plant and a time to harvest, a time to mend fence and a time to move cattle. There is a time to work, a time to wait and a time to trust that God is still handling what we cannot see.

When the right door opens, we may understand why the others stayed closed. We may also never fully understand, at least not in this life. Either way, we can trust the One who sees beyond the hallway.

When I find myself unsure of what comes next, I hope I remember the words I heard that Sunday morning. I may not know which door to walk through or when it will open, but I know what I can do while I wait.

I can pray in the hallway.

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Canning 101

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By NTFR Staff

It seems to happen every summer. The garden suddenly produces more tomatoes, cucumbers and green beans than anyone could possibly eat, and before long someone asks, “Maybe I should learn to can?”

For many families, canning is a tradition passed down for generations. For others, it’s a new hobby that offers the satisfaction of stocking pantry shelves with homegrown food. Either way, getting started can feel overwhelming. Pressure canners, boiling water baths, jars, lids, processing times and safety recommendations are enough to make anyone wonder where to begin.

Home canning isn’t difficult once you understand the basics.

Canning preserves food in sealed jars by heating them to destroy microorganisms and create a vacuum seal. The USDA approves only two methods for home canning: boiling water bath canning and pressure canning. Which one you use depends entirely on what you’re preserving.

A boiling water bath is exactly what it sounds like. You submerge filled jars completely in boiling water and process them for a specific amount of time. Because boiling water only reaches 212 degrees Fahrenheit at sea level, this method is safe only for foods that are naturally high in acid or have enough added acid to prevent dangerous bacteria from growing.

That makes water bath canning a good fit for jams, jellies, fruit preserves, pickles, chutneys, fruit butters and many tomato products that have the proper amount of bottled lemon juice or citric acid added according to a tested recipe.

Pressure canning works differently. A sealed canner traps steam, and the temperature climbs well above the boiling point of water to about 240 degrees Fahrenheit. That higher temperature is necessary to destroy Clostridium botulinum spores, which can survive ordinary boiling and produce the toxin that causes botulism.

Because of that, you must pressure can low-acid foods such as green beans, corn, carrots, potatoes, meats, poultry, seafood and soups. A boiling water bath isn’t safe for these foods, no matter how long you boil the jars.

For most beginners, water bath canning is the easiest place to start. The equipment costs less, the process is simpler and recipes like strawberry jam or dill pickles are forgiving enough to build confidence. Many people who enjoy preserving fruit eventually buy a pressure canner once they want to put up vegetables or homemade stock.

Pressure canning doesn’t need to be intimidating, either. Modern pressure canners include multiple built-in safety features and are far different from the exploding canners in the old stories many people heard decades ago. Like any kitchen tool, they’re safe when used according to the manufacturer’s directions and with tested recipes.

Whichever method you choose, one rule never changes: always use recipes that have been scientifically tested. Family recipes may taste wonderful fresh, but they aren’t always safe for canning. Changing ingredient amounts, thickening soups with flour, adding extra vegetables or reducing vinegar can all affect the safety of the finished product. The USDA and the National Center for Home Food Preservation remain the gold standards for home canning recipes and processing recommendations.

Today’s recommendations may also differ from the ones your grandparents followed. Research has improved over the years, and food safety guidance has changed with it. Methods like open-kettle canning, oven canning and sealing jars by turning them upside down are no longer considered safe for shelf-stable foods.

If you’ve never canned before, you don’t have to preserve an entire garden your first weekend. Start with one recipe. Learn how to prepare the jars, measure headspace, remove air bubbles and process them correctly. Once you hear that satisfying “ping” as the lids seal, you’ll understand why so many people find canning rewarding.

Opening a jar of peaches in January or serving homemade salsa long after the tomatoes are gone is a special kind of reward. With a little knowledge, the right equipment and a commitment to tested recipes, anyone can preserve the harvest safely for months to come.

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