Sunday, May 19 2013 6:16 PM EDT2013-05-19 22:16:35 GMT
The Tift County Sheriff's investigators are still searching for clues to find a missing pregnant woman. Her mother is making a plea to find her daughter who hasn't been seen in more than two months. DianeMore >>
The Tift County Sheriff's investigators are still searching for clues to find Crystal Hendrix. Her mother is making a plea to find her daughter who hasn't been seen in more than two months.More >>
Sunday, May 19 2013 10:19 AM EDT2013-05-19 14:19:32 GMT
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana. Deputies responded to a complaint at Jose Sanchez's house on Highway 129 North Friday. AuthoritiesMore >>
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana.
Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:03 GMT
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff. It was the first annual pigs in the park event, put on by the Georgia Narcotics Officer'sMore >>
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff.More >>
Saturday, May 18 2013 9:47 PM EDT2013-05-19 01:47:12 GMT
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks. Police say they responded to the Dollar General on West Jackson Street around 9:15pm Friday. EmployeesMore >>
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks.
Saturday, May 18 2013 6:59 PM EDT2013-05-18 22:59:02 GMT
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. Authorities say it happened around 11pm Friday near the 3900 block of Radium Springs Road. PoliceMore >>
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. More >>
ALBANY, GA (WALB) –As the real estate market continues to struggle in this economy, some South Georgia land is in high demand from big money investors. Well-irrigated cropland and pecan orchards are hot investments right now. That's the good news.
The down side is dryland agriculture properties, timberland, and hunting and recreation property have lost a lot of their value, and there's little demand for them.
Good quality irrigated cropland like this is suddenly a good investment. Pension funds and big investment firms want to buy very large tracts of farmland, because the commodity prices for cotton, peanuts, and corn are high and expected to increase even more next season.
Joe Marshall of Southern Plantations Group says he's had a busy summer, servicing large investment groups seeking Class A irrigated cropland and irrigated pecan groves. With crop prices staying strong, agriculture has become a better investment than many stocks and bonds.
Joe Marshall said "What's driving it all with the investment crowd is all of the other classes of investment are really so bad. It makes agriculture, that is irrigated cropland in the South.
Even though the demand for class a irrigated cropland is high, the prices for that land are not going up, just staying stable. One of the few properties not losing value. So very few land owners are willing to sell, especially with commodity prices on the rise.
Marshall said "The demand was there before the current upsurge in prices, but certainly the current upsurge is reinforcing that."
You won't see any home development on these highly prized lands. The investment buyers will rent out the irrigated cropland to South Georgia producers, which is good for the economy.
Marshall said "It keeps that land in production, and you like local farmers and operators buying their inputs locally. Seed, fertilizer, tractors, labor, and so forth, all locally, so that's good."
Marshall says there is almost no demand by investors for dryland farms. And land owners can't just put irrigation pivots on the dryland farms, because the permits for irrigation and U.S.D.A. crop allotments and bases are hard to obtain.
It comes down to dollars and cents. Good quality farmland will cost the pension funds between $2500 to $4000 an acre. They will turn around and rent to farmers for between $150 to $240 an acre per season, a better percentage return on a dollar than many investments.
Ten years ago recreational properties like quail plantations were highly sought in South Georgia.
Now those kind of recreational properties have dropped in value from 30 to 60 percent.