Farm & Ranch
Land Market Report
By Jared Groce
North Texas rural land sales slowed a bit in April in the counties of Montague, Cooke, Wise and Denton counties, possibly due to the rainy, gloomy weather. Most land brokers are reporting that there are still reporting that the market is unbalanced, with many more buyers than there are sellers. The two hottest categories of land continue to be rural residential and heavily wooded recreational land with surface water. Below is a synopsis of land transaction for the month of April 2019 in five of our North Texas Counties. It includes information from North Texas Real Estate Information Service for farm and ranch raw land data, for 10 or more acres for the month of April 2019.
MONTAGUE COUNTY SELL TO DAYS ON
AREA ACRES PRICE/ACRE LIST PRICE MARKET
Bowie 25.07 $4,627.04 64.71% 57
Nocona 51.340 $3,311.26 94.61% 169
Very little transaction history for the month due to rainfall and lack of inventory.
COOKE COUNTY SELL TO DAYS ON
AREA ACRES PRICE/ACRE LIST PRICE MARKET
Gainesville 11 $10,500.00 91.3% 226
Gainesville 10 $13,000.00 100% 38
Muenster 34 $45,147.06 93.58% 248
Valley View 17.65 $13,881.02 98.39% 294
Gainesville 40.498 $8,642.40 95.89% 102
Collinsville 55.449 $9,406.66 96.28% 705
Cooke still has a large demand for wooded recreational land, as well as rural residential land in the Lindsay and Era School Districts.
WISE COUNTY SELL TO DAYS ON
AREA ACRES PRICE/ACRE LIST PRICE MARKET
Boyd 13.33 $12,775.69 94.63% 79
Bridgeport 15.85 $12,484.23 100% 65
Chico 32.25 $6,511.63 93.69% 260
Boyd 15.19 $14,812.38 100% 2
Decatur 27.82 $10,424.16 92.25% 285
Paradise 108.037 $6,275.63 97% 231
Boyd 71.223 $10,000.00 100% 4
Boyd 456.6 $6,564.55 87.45% 138
Wise County still has a high demand for smaller tracts with heavy tree cover for rural residential use, as well as a high demand for leasable grass for grazing. As with all counties in North Texas, overpriced properties are being overlooked by buyers.
DENTON COUNTY SELL TO DAYS ON
AREA ACRES PRICE/ACRE LIST PRICE MARKET
Sanger 36.86 $13,843.79 98.89% 6
Denton County continues to see explosive growth, as well as diminishing amounts of agricultural land. The most sought after land uses are for small, rural residential and for residential development. Tracts under 20 acres in the Argyle area can sell for as much as $200,000 an acre. Developers are still snatching up any farm land that they can get if it is fairly close to a town or an area with utility infrastructure in place.
By Matt McLemore
With the birth of spring and good rains properties in the other side of our coverage area, including Wichita, Clay, Jack, Archer and Young, have put on their Sunday best. For most land brokers and agents “Tis the selling season.” After a fairly slow winter, activity has definitely picked up in the North Texas area. Buyers seem to be hitting the road looking and willing make offers for properties on the market.
Buyers do seem to be more selective on what they are looking for, so the property itself as well as pricing on the property has an impact on whether the property is actively being shown and seeing offers or remaining stagnant.
The hot properties still seem to be raw land with limited to no improvements. Mostly pasture and good recreation seems to still drive the market and leads to the better price per acre. Farm sells are seeing a less of return on the price per acre than those sold with limited to no cultivation.
Sellers wanting to sell need to be cautious about over valuing their improvements to the property, realizing that there is a more limited market for properties with heavy improvements in the North Texas area at this time, with buyers wanting to take a more hands on approach and establish the property themselves.
To read more pick up a copy of the June 2019 NTFR issue. To subscribe call 940-872-5922.
By: Martha Crump
Most cattle producers can tell you quite a lot about balancing cattle diets for energy, protein, vitamins, and minerals based on the specific needs for their herd and type of operation.
A key factor, and one that is often overlooked, is that how your animals perform is also directly affected by their water intake.
Now many of you may already be thinking “well of course water is necessary, anybody knows that!”
In many years, as September marches into October, we are beginning to experience some return of rainfall. But as many of us know, that is not always the case. Often we are still experiencing hot and dry weather, and water supplies are dwindling.
When we find ourselves experiencing those types of fall conditions, it is critical to not only understand the daily water requirements for cattle, but also the impact that the quality of water can have on herd health and development.
To read more, pick up a copy of the October edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By: Tony Dean
Since their introduction to the U.S. in the early 1900s, Old World Bluestems such as King Ranch bluestem and Dahl bluestem have become established on farms and ranches from the Rio Grande to Nebraska. With such a wide range of adaptability, these species are subjected to a wide range of management, depending on location and the goals of the rancher.
Due to the aggressive nature of OWBs, producers in far South Texas have been trying to find a way to eradicate OWBs in their pastures. Texas AgriLife Extension bulletin “Introduced Bluestem Grasses: Management on Native Lands” describes several methods being used in the effort to rid pastures of OWBs. In 2016, one project involved using chemicals, plowing, mowing, reseeding, summer burning, and combinations of these practices.
To read the about the researchers findings and hear Tony’s take, pick up a copy of the October edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By: Rayford Pullen
Watching our pastures over the years, I have noticed our forages quit growing when nighttime temperatures begin hitting that 45-degree mark, and in North Texas, that will usually be around October 20.
While growth stops, our forages will still be high quality which allows our momma cows to gain weight for another 40 days or so.
Getting these cows in better condition is key to getting them through the winter and breeding after they calve.
Read more in the October issue of North Texas Farm & Ranch magazine, available online and in print. Subscribe to our newsletter to receive NTFR in your inbox each week.
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