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Farm & Ranch

Land Market Report: September Land Sales

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By Jared Groce

The North Texas land market is still as hot as ever, with a huge influx of new buyers hitting the market. Many of them are learning quickly that what they want, and the price they are willing to pay don’t always match up. I am seeing some land sell for 50 to 75 percent more than the same tract sold for less than two years ago, and people are lining up to buy those properties. As you will see below, the cheapest property that sold in the month of September in our area was $3,697 per acre – and that was for a 539.5 acre tract. The highest price was $50,647 per acre for a 48.67 acre tract. It’s all about supply and demand, and the demand is much stronger than the supply.

To read more pick up a copy of the November 2020 NTFR issue. To subscribe call 940-872-5922.

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Farm & Ranch

Ag Elsewhere: Wyoming

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By Tressa Lawrence

Despite some blue skies, March can still bring sub-zero temperatures to Wyoming as calves hit the ground.

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Farm & Ranch

Ag Elsewhere: Montana

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By Lindsey Monk

Welding on some corrals before dark. It’s been a mild winter in Montana so far, knock on wood.

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Farm & Ranch

Land Market Report: January Land Sales

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By Jared Groce

The rural land market in North Texas has had a fairly stale start to the year, with the number of transactions closed being minimal so far. There has been an increase in call volume from buyers, and some are turning into contracts, but I feel like we are still a little slower than we usually are at this time of the year. The “experts” are expecting fewer transactions in 2024 as compared to 2023, and they may be correct, because election years always seem to be slower. Once the election is over, and regardless of who wins, things seem to pick up once again. It is a strange phenomena that just seems to happen every four years.

With the amount of growth that we are currently experiencing here, I do not expect things to get any cheaper. More people means more houses, and they have to have land to build those houses on.

To read more, pick up a copy of the March issue of NTFR magazine. To subscribe by mail, call 940-872-5922.

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