Farm & Ranch
Land Market Report
By Jared Groce
Many folks, including myself, had predicted last year that the increase in land pricing would likely continue in 2022 barring a catastrophic event. Well, that event is here and is called inflation.
What will that do to land prices for us? Of course no one really knows, but here are some things to consider:
According to the Texas Real Estate Center at Texas A&M, we saw a 19.52 percent decrease in land prices in 1975 when we had the oil crises and inflation. We saw a 13.59 percent decrease in 1989 during the recession led by Iraq invading Kuwait. There seems to be a common thread of fuel prices, inflation, and land prices. However, what we had in 1975 and 1989 was the fact that so much of Texas land had a highest and best use of agriculture, but today, practically none of our North Texas land has a highest and best use of agriculture simply because the price is too high.
To read more pick up a copy of NTFR magazine. To subscribe call 940-872-5922.
By Tressa Lawrence
Babies are tucked away in every nook and cranny. Many ranchers across Wyoming have baby animals popping up all over this time of year.
By Lindsey Monk
Another load of grain in to keep feeding the calves until the green grass can really start popping.
By Rayford Pullen | [email protected]
Spring has sprung and hopefully the rains will continue where our country will heal from the previous droughts and our grasses will thrive. We are especially hopeful for the Panhandle of Texas where our neighbors and friends have been dealt a deadly blow to homes, ranges, livestock, and people. Keep them in your prayers as they will not be able to return to normal for many years if at all. Having lost their ability to benefit from this great cattle market is a double whammy for all of them.
Now is the time of year when we need to take care of business as it relates to our new calves that have been hitting the ground this spring. First and foremost is vaccinating for Blackleg followed by deworming with a white wormer and the IBR complex. Blackleg is a soil-born disease and with pastures extremely short this spring our calves have been grazing the green grass as soon as it shows itself, making them even more vulnerable to picking contaminates from the soil.
To read more, pick up a copy of the April issue of NTFR magazine. To subscribe by mail, call 940-872-5922.
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