Texas ranch sells for $300-million

Nov 03, 2021

In a sale valued at US$240-million (~CDN $300-million), a Texas ranch was sold, including land and industrial assets, featuring 31,000 acres in Milam and Lee counties.

Known as the Sandow Lakes Ranch, the property included the site of the former Rockdale smelter, permanently closed in 2018.

Completed on October 29, 2021, the transaction included improved pasture lands, ag properties and industrial assets, purchased by SLR Property I, LP, an affiliate of a Texas real estate enterprise.

The property was owned and sold by Alcoa Corporation who since purchasing the land, have worked with tenants to create economic development opportunities.

Alcoa received US$230-million in cash, noting that it had taken six years to get to this point after performing significant agricultural land improvements, adding water development and solar components, as well as intermodal, tech and other industrial capabilities that apparently SLR found most agreeable.

Video: John Deere 500R Sprayer | Next-Generation Booms for Ultimate Precision

Experience the next level of precision spraying with the John Deere 500R sprayer and its new generation boom. Designed for modern farming operations and professional contractors, the 500R combines exceptional boom stability, accurate application and high productivity even at spraying speeds of up to 30 km/h.

The new boom generation features a compact 2.55 m transport width for safe and easy road travel across Europe, while unfolding in the field to working widths of up to 48 meters. A lightweight yet extremely rigid structure, combined with BoomTrac Pro 2, Active Boom Yaw Control and active roll damping, keeps the boom correctly positioned for consistent coverage and reduced drift.

Advanced spraying technologies such as ExactApply with 6-nozzles switchable from the cab, or single nozzle INC Pro using pulse width modulation ensure precise droplet control, minimized overlaps and optimized input efficiency. The result: higher accuracy, lower chemical usage and improved agronomic outcomes even in challenging field conditions.