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 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.
By: Tony Dean
There are a handful of grasses on North Texas grazing lands ranchers need to know, not because they are highly desirable, but rather because they are not of much value. I call them “decom” plants, which is am acronym for “Don’t Ever Count On Me.” Silver bluestem is a “decom” grass.
Silver bluestem is a perennial which grows in all areas of Texas. It can survive in almost all soil types, and in full sun conditions or in semi shade. It grows up to three feet tall and is easily recognized with the presence of the white fuzzy seed head. Also, one of the identifying characteristics of Silver bluestem is a bend in the stems at each node, causing the plants to take on a rounded shape as they mature.
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: Rayford Pullen
Fall is here which means winter is closing in on us and before we officially get into winter, we need to make sure our factories are either producing or will be producing in a few months.
We have been pregnancy testing our cows this fall and if they are not bred or nursing a calf, we are bidding them adios. With annual costs somewhere between $900.00 and $1,000.00 per cow, those cows not producing a live weaned calf are costing us quite a bit.
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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