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 Tressa Lawrence
Ranchers across northeast Wyoming and the surrounding areas saw record moisture levels in 2023. The year 2024 has seen significantly less moisture to date.
By Lindsey Monk
People are finishing up brandings. Here, Danny Walter is shown getting it done.
By Barry Whitworth, DVM
On July 6, 2020, the United States Department of Agriculture Animal and Plant Health Inspection Service (APHIS) posted in the Federal Register a proposal that radio frequency identification tags be used as official identification for cattle and bison. Following a period for public comment, the USDA APHIS released a statement on April 24, 2024, with the amended animal disease traceability (ADT) regulation for cattle and bison. The full press release may be found at https://www.aphis.usda.gov/news/agency-announcements/aphis-bolsters-animal-disease-traceability-united-states. Under the new rule, cattle and bison will need to be identified with tags that are both visual and electronic.
The USDA defines ADT as knowing where diseased and at-risk animals are, where they have been, and when the animal disease event took place. A system that allows for efficient traceability of livestock in the United States is essential for animal health and reducing the economic effect of a foreign animal disease outbreak and other diseases on livestock producers as well as others whose well-being depends on livestock production.
To read more, pick up a copy of the July issue of NTFR magazine. To subscribe by mail, call 940-872-5922.
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