Farm & Ranch
Land Market Report: March Land Sales
By Jared Groce
Rural land sales are continuing on a steady pace for early spring, with prices holding very strong with the sell-to-list price ratios remaining very high, even on properties that have been on the market for a longer than usual time period. The total number of transactions are picking up once again as the spring selling season kicks off, and the average acreage continues to decrease.
Larger acreage properties seem to be in higher demand than smaller properties currently, with many buyers simply parking cash in real estate to hedge against inflation. Interest rates seem to have settled down and most experts agree that rates will be reduced by the fed this year. Some lenders have programs in place that allow the buyer to reduce their rates without having to go through a full refinance ordeal.
To read more, pick up a copy of the May 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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