Farm & Ranch
Land Market Report
By Jared Groce
Our rural land market is continuing to slow its pace in 2023, with another slight decrease in the number of transactions closed during the month, and with the total days on market continuing to inch higher.
I am often asked, “When will land prices start going back down?” The short answer is “probably never.” Looking at the chart below for our area, Texas A&M Real Estate Research Center data shows that since 1970, there have only been very slight decreases in average land prices. These can easily be skewed by the addition of, or lack of, one significant sale. For example, the sale of the Waggoner Ranch in 2016 for $725,000,000 easily changed the average figures of their region, as well as the state in general. So, was there “really” a decrease the following year, or was that one sale so large that it made it look like the next year was down? My bet is that if the Waggoner Ranch sale was not included in 2016, 2017 would have been higher than 2016.
To read more, pick up a copy of the November issue of NTFR magazine. To subscribe by mail, 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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