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Message
Pros and Cons of WRP landowners.
Posted on 2/18/18 at 6:12 pm
Posted on 2/18/18 at 6:12 pm
I found a nice piece of property that was enrolled in WRP 8 years ago. Lots of wildlife on the property and some of the land is private so a camp can be added.
Anyone here ever owned or presently own WRP land? Seems like a good way to get some great hunting land but other than hunting there is no upside for investment purposes, other than appreciation. What were the upsides and downsides for you?
TIA
Anyone here ever owned or presently own WRP land? Seems like a good way to get some great hunting land but other than hunting there is no upside for investment purposes, other than appreciation. What were the upsides and downsides for you?
TIA
Posted on 2/18/18 at 6:16 pm to MadDoggyStyle
Should have some sort of govt payment for putting it back in trees.
$100-150/acre range
$100-150/acre range
Posted on 2/18/18 at 6:20 pm to p&g
The original owner received the payment 8 yrs ago. I get nothing in payments but the land reflects the value of the government payment which is significantly cheaper than typical farmland.
Posted on 2/18/18 at 6:24 pm to MadDoggyStyle
How long is the contract?
Posted on 2/18/18 at 6:30 pm to MadDoggyStyle
We went CRP instead of WRP when we went into trees. One day, we’ll have control again if we don’t sign back up for the program.
WRP is untouchable forever. Definitely pay less for WRP that the same place without it.
WRP is untouchable forever. Definitely pay less for WRP that the same place without it.
Posted on 2/18/18 at 6:55 pm to MadDoggyStyle
Curious to see the answers come in. Interested in the pros and cons myself as I have some land that I’m trying to figure out which route to go with
Posted on 2/18/18 at 7:19 pm to 257WBY
quote:
WRP is untouchable forever. Definitely pay less for WRP that the same place without it.
So you can never cut or clear the land?
Posted on 2/18/18 at 7:25 pm to MadDoggyStyle
I know a couple of large tracts of wrp sold in the area I hunt the last couple of years. These were 600+ acres in size geared for ducks and they only brought $600-700 an acre when they sold. The original landowner already essentially milked the government money so the only value left is recreational. The contracts are key as to what can be done with working the property.
Posted on 2/18/18 at 7:29 pm to TigerDog83
So. how long are the contracts?
Posted on 2/18/18 at 7:37 pm to fishfighter
I believe these were permanent. No permanent blinds other than what existed at the time the land went into wrp. Not sure on what is allowed on controlled cutting, mowing,etc but it all has to go through the agent over the property.
Posted on 2/18/18 at 7:51 pm to wickowick
It is a perpetual easement, so forever.
Posted on 2/18/18 at 7:53 pm to p&g
quote:
Re-enroll
There is no re-enroll, once the original owner signed the papers, the land is forever WRP but the land can be sold for “private enjoyment”.
Posted on 2/18/18 at 7:58 pm to MadDoggyStyle
If the land can’t be managed, then it isn’t very valuable
Posted on 2/18/18 at 8:03 pm to TigerDog83
I talked to several bankers and also checked some comps with land sales agents and the going price is $1150-$2000/acre for WRP land. The longer the land has been in the program the more it will bring in sales value. I might be able to get this on the lowers side of the range. They keep telling me old farmland is becoming more valuable for sportsmen and this hunters are driving up prices. The local WRP agent says they are paying a max of $1900/acre for new land enrolled in WRP, but it has to be apprised first.
There again, the land I’m looking at was enrolled 8 years ago. I’m not hung up on value of the land as much as any hidden issues such as problems with using it and government oversight issues, which some of you may have an opinion.
There again, the land I’m looking at was enrolled 8 years ago. I’m not hung up on value of the land as much as any hidden issues such as problems with using it and government oversight issues, which some of you may have an opinion.
Posted on 2/18/18 at 8:21 pm to MadDoggyStyle
W WRP u can get $ upfront or paid out over time... sounds like the landowner took the upfront lump sum.
Pros are its land and if hunting is good, great.
Cons are you can never manage the property. Just cut grass and let it be.
Depending on how much is WRP, should determine how much U should pay. If its 90% WRP, I wouldnt give $1000/acre for it, if its half and half - u can determine timber price for whats not, factor in hunting viability and how u can manage it for such, etc
Be very wary of making a large investment on land that is majority WRP (or CRP for that matter). Looks good now, but over time... u will want to make changes or manipulate the property and wont be able to do it, even tho u own it.
Pros are its land and if hunting is good, great.
Cons are you can never manage the property. Just cut grass and let it be.
Depending on how much is WRP, should determine how much U should pay. If its 90% WRP, I wouldnt give $1000/acre for it, if its half and half - u can determine timber price for whats not, factor in hunting viability and how u can manage it for such, etc
Be very wary of making a large investment on land that is majority WRP (or CRP for that matter). Looks good now, but over time... u will want to make changes or manipulate the property and wont be able to do it, even tho u own it.
This post was edited on 2/18/18 at 8:22 pm
Posted on 2/18/18 at 8:52 pm to MadDoggyStyle
Re enroll is for CRP which is a 15 year contract.
Posted on 2/18/18 at 9:10 pm to wickowick
quote:
If the land can’t be managed, then it isn’t very valuable
Most WRP can be managed for wildlife. You can still put in food plots. You just cannot plant a crop for harvest. Most local offices will work with you to do everything possible for wildlife enhancement. You can put up tree stands and plant green fields. Just don’t expect to harvest timber or farm it.
Posted on 2/18/18 at 9:32 pm to MadDoggyStyle
If you're considering buying, get a copy of the recorded easement.
This post was edited on 2/18/18 at 9:33 pm
Posted on 2/18/18 at 9:48 pm to highcotton2
We’re putting some property in WRP this yr. They visited last summer/early fall to grade it and it came in pretty high so we think we’ll get in this yr.
You can still manage for wildlife but I believe they have a food plot size restriction...so much area per acre can be planted. They gave us a plan for the moist soil area which will be around our existing pit and a bunch of the rest of the property will be planted in hardwoods. We’re going to cut some of the timber before it goes in but we were also told that the timber can still be managed once it’s in the program with their oversight. I’m sure that means no clear cutting but we don’t want to do that anyway.
You’ll see some wrp properties that have been well managed with respect to food plots, stands, blinds, water levels, etc...they’ll sell because they’re “turn key” hunting properties. Others will be tough to sell because the owners took the check and never managed anything. Once they’re all grown up it takes some serious effort to get them back into shape.
You can still manage for wildlife but I believe they have a food plot size restriction...so much area per acre can be planted. They gave us a plan for the moist soil area which will be around our existing pit and a bunch of the rest of the property will be planted in hardwoods. We’re going to cut some of the timber before it goes in but we were also told that the timber can still be managed once it’s in the program with their oversight. I’m sure that means no clear cutting but we don’t want to do that anyway.
You’ll see some wrp properties that have been well managed with respect to food plots, stands, blinds, water levels, etc...they’ll sell because they’re “turn key” hunting properties. Others will be tough to sell because the owners took the check and never managed anything. Once they’re all grown up it takes some serious effort to get them back into shape.
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