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re: Miss. River Hunting Clubs (Giles Island spinoff)

Posted on 3/19/18 at 4:24 pm to
Posted by Duckhammer_77
TD Platinum member
Member since Nov 2016
3017 posts
Posted on 3/19/18 at 4:24 pm to
wonder how much a share of Valewood goes for now that they confirmed CWD in Issaquena County
Posted by Chuker
St George, Louisiana
Member since Nov 2015
7544 posts
Posted on 3/19/18 at 4:30 pm to
Can't imagine it would be anything but negative per share value. If I were looking to spend $$$ on a share of paradise it would take a steep discount to buy in a cwd area. Steeeep
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
62745 posts
Posted on 3/19/18 at 6:47 pm to
quote:

I had an uncle who got too old to jack with it and sold his share in Davis Island.



My uncle was a member of Winter Quarters, but he passed away a few years ago. I think his grandson has his interest now.
This post was edited on 3/20/18 at 2:59 pm
Posted by Manatee
Mandeville
Member since Oct 2011
431 posts
Posted on 3/19/18 at 10:59 pm to
Valewood is 40 miles from the cwd hit, could be a problem but clubs like paw paw island, Henderson, magna vista, Tara and others are pretty much in the zone and could have a lot to lose if additional positive hits happen.
Posted by JAB528
The Mexican Ocean
Member since Jun 2012
16870 posts
Posted on 3/20/18 at 7:42 am to
They’ll still fill up. Investors aren’t worried about cwd.
Posted by LSUCouyon
ONTHELAKEATDELHI, La.
Member since Oct 2006
11338 posts
Posted on 3/20/18 at 12:48 pm to
I hope no one minds the bump but her goes:

"500 acres anywhere within 5 miles of any of these places is going to be closer to 3.5/4 mil "

I personally know of property sold across the leveee from the areas mentioned that sold for $3500 per acre WITH camp.
Your $7000 to $8000 per acre is vastly over what is going on in the area.
This post was edited on 3/20/18 at 12:49 pm
Posted by LSUCouyon
ONTHELAKEATDELHI, La.
Member since Oct 2006
11338 posts
Posted on 3/20/18 at 1:01 pm to
You can't claim every squre inch, but you do own a fraction of every acre, so there is that.

I explain it this way:

Say there are 20 people in a 2000 acre club. Each share is 5%, 1/20th, or 100 acres. You do not own 100 acres that you can see, but you DO own 5% or 1/20th of EVERY acre out there.
Some people can never quite get the grasp of this simple concept.
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 3/20/18 at 1:01 pm to
quote:

They’ll still fill up. Investors aren’t worried about cwd.


Not so sure about that. I know folks that hunt along 65 in Tensas that are very worried
This post was edited on 3/20/18 at 1:02 pm
Posted by LSUCouyon
ONTHELAKEATDELHI, La.
Member since Oct 2006
11338 posts
Posted on 3/20/18 at 1:06 pm to
I believe Tensas, Madison and East Carroll Parishes have been prohibited from feeding. Surprised you can still plant food plots.

I talked to a friend that has a feed store in Madison Parish last night. He said they are stuck with 14 TONS of feed they can't sell. You boys to the west should come shopping over this way!
This post was edited on 3/20/18 at 1:08 pm
Posted by GREENHEAD22
Member since Nov 2009
20577 posts
Posted on 3/20/18 at 2:52 pm to
You find any deals like that again please give me first dips.
This post was edited on 3/20/18 at 2:53 pm
Posted by wickowick
Head of Island
Member since Dec 2006
46279 posts
Posted on 3/20/18 at 2:59 pm to
quote:

I talked to a friend that has a feed store in Madison Parish last night. He said they are stuck with 14 TONS of feed they can't sell.


They will sell it next year when the duck start returning...
Posted by JAB528
The Mexican Ocean
Member since Jun 2012
16870 posts
Posted on 3/20/18 at 3:06 pm to
I’d bet my last dollar they won’t have any trouble keeping and finding members.
This post was edited on 3/20/18 at 3:26 pm
Posted by MrCoachKlein
Member since Sep 2010
10310 posts
Posted on 3/20/18 at 3:24 pm to
quote:

I’d bet my last dollar they won’t have any trouble keeping and fixing members


No doubt. Duck hunters will love some "less expensive" property
Posted by Manatee
Mandeville
Member since Oct 2011
431 posts
Posted on 3/20/18 at 3:33 pm to
Regarding the sale of memberships if CWD becomes a real problem with more positive tests it could be a big problem. Plopping down $500,000.00 and up on a share of a place know big mature deer will not be as enticing. That is if you are paying attention to some of the slides from the CWD presentation. In Iowa, Co WI CWD was discovered 14 years ago now in that county buck only reach 3-3.5 years of age and 1 in 2 have CWD. Luckily there were no hits from the 60 samples taken.
Posted by JAB528
The Mexican Ocean
Member since Jun 2012
16870 posts
Posted on 3/20/18 at 3:35 pm to
I don't think you understand how this works.

They will lose deer hunters, but will attract a different type of member.


This post was edited on 3/20/18 at 3:37 pm
Posted by Manatee
Mandeville
Member since Oct 2011
431 posts
Posted on 3/20/18 at 3:49 pm to
For the record I hope you are correct, but you need to clarify "how it works" and "different type of hunter".

Now if the place has solid duck hunting then maybe so, but the problem is many have notes on these shares or the club has some debt due to the purchase of land for expansion. If the shares drop too much or cannot be unloaded some members could be underwater on their loan and weaken the club. Now Henderson Island and some others might be above the financial fray but others will not.

Posted by MrCoachKlein
Member since Sep 2010
10310 posts
Posted on 3/20/18 at 3:55 pm to
quote:

clarify


Duck hunt it or lease it out, bundle a conservation easement along with crp and flip it in 15 years. The land won't be worth less.
Posted by Manatee
Mandeville
Member since Oct 2011
431 posts
Posted on 3/20/18 at 4:08 pm to
Could work, however most of these clubs are primarily deer heavens with duck as a small component. Also getting into the conservation easement business you loose pretty much all ability to harvest timber and modify the land, not all its cracked up to be.

I do agree land will go up and flipping it in 15 years sounds great but I could be dead by then. We were talking about selling shares of equity clubs now to people who want to kill big ole bucks.
Posted by JAB528
The Mexican Ocean
Member since Jun 2012
16870 posts
Posted on 3/20/18 at 4:10 pm to
I said "member" not "hunter".

Many many members of these clubs are in it for the investment and rarely hunt, if they even hunt at all.
Posted by GREENHEAD22
Member since Nov 2009
20577 posts
Posted on 3/20/18 at 4:20 pm to
Speaking of duck hunting which of the big clubs still has good duck hunting? I know on Davis and diamond and that area it has been on the decline for some years now.
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