Farm & Ranch
Land Market Report
By Jared Groce
This hot and dry weather is taking a toll on our lands and our livestock, but land prices are holding their own despite the recession and the highest interest rates in decades. So far.
What change I am seeing is the type of buyer who is consuming these available properties, from the “end user” type of buyer to the investment buyer. Buyers getting a loan to buy a piece of land to build on or enjoy have all but disappeared and have been replaced with three different types of buyers: (a) Those doing a 1031 exchange to defer their capital gains taxes. These people have a limited amount of time in which they must identify and then close on a like kind property in order to defer the tax. (b) Developers. There are still a ton of developers and wannabe developers out there who want to buy 100 acres and chop it up into smaller tracts and sell at a higher price per acre. (c) Cash Parkers. These buyers have a lot of cash on hand and want to hedge against inflation by parking that cash into a solid, tangible item that cannot go to zero value.
To read more pick up a copy of NTFR magazine. To subscribe call 940-872-5922.
By Heather Welper
Husband and wife duo, Heather and Calvin Welper, are the Co-Owners and Operators or Two C Livestock, located in Valley View, Texas.
The pair’s operation has a show cattle focus where they raise and sell purebred heifers of all breeds and club calf Hereford steers.
When it comes to show cattle, the Welpers know a thing or two including how to prepare for the cold winter months and the Texas major show season run.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By Hannah Claxton, Editor
As the sun rises each day, so do the dozens of mouths that Meghan McGovern is responsible for getting fed. Rather than the sounds of a rooster crowing, McGovern hears the bellows and bleats of a variety of exotic deer, the chortle of kangaroos, the grunts of water buffaloes, and the chirps of a lemur.
Nestled against the banks of the Red River, the Double M Ranch and Rescue, with its high game fences and deer sprinkling the landscape,s its in stark contrast to the surrounding ranches.
“Having deer is kind of like eating potato chips- you can never actually have just one,” said McGovern with a laugh.
McGovern has several herds to take care of- fallow deer, axis deer, water buffalo, goats, and bison. In smaller numbers, there’s also a few kangaroos, a lemur, a potbelly pig, a pair of zebras, a watusi, and a few horses.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By Barry Whitworth, DVM, MPH
With the prolonged drought, most pastures in Oklahoma end up in poor condition. With the lack of available forage, animals may go in search of alternative foods.
If oak trees are in the pastures, acorns may be a favorite meal for some livestock in the fall. This may result in oak poisoning.
Oak leaves, twigs, buds, and acorns may be toxic to some animals when consumed.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
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