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Farm & Ranch

Land Market Report

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By Jared Groce

“Hey Jared, what is the real estate market going to do in 2022?” This is a question I have heard at least 100 times in the last few months, and one that no one can accurately answer. My crystal ball broke way back when I was a little kid, so my ability to foretell the future is futile.

What I can tell you is what it has done in the past, but as the stock brokers all tell you, “Past performance is no guarantee of future returns.” Everyone has a multitude of stories that all begin the same, “My (dad, uncle, mom, friend, etc) bought some land back in (insert your year of choice here) for x amount per acre, and everyone said he was an idiot for paying that much. He just sold that same land for x amount per acre. I wish I was smart enough to have bought land when he did.”

To read more pick up a copy of the March 2022 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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