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 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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