Farm & Ranch
Land Market Report: October Land Sales
By Jared Groce
The rural land market in our six-county area of Collin, Cooke, Denton, Grayson, Montague and Wise Counties held steady in October, with an overall average price of $30,101 per acre as compared to $25,674 per acre in October of 2022, however the average number of days on the market has increased somewhat from 109 days to 165 days.
Higher interest rates have had some affect on the land transactions, but there is still a lot of cash out there that is looking for land to park on. Folks with 1031 like-kind exchange money that have a limited amount of time to get that money reinvested are leading the pack of cash buyers.
We are seeing more reductions in list prices as time passes, as many sellers were pricing their properties at prices that were months ahead of their current market price. Those sellers have realized today’s market is not increasing as rapidly and need to get their listing prices back down closer to today’s actual value.
To read more, pick up a copy of the December 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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