Farm & Ranch
Land Market Report: March 2021 Rural Land Sales
By Jared Groce
Last month’s prediction of a heavy month of land closings in March have come true, with a lot of land being closed after the snow storm in February. With the banks and title companies all being closed for a week straight, there was a pretty large backlog of closings to do.
I have added the March averages for the last two years to the report this month, and the story is right there in black and white – prices are going through the roof. The “smart folks” who make predictions on such matters say that this trend will likely continue until new federal income tax regulations are enacted by the current administration. The possibility of removing the 1031 clause, increasing capital gains taxes, and increasing personal and corporate income tax rates will likely stop most people from wanting to sell, and make it more difficult for buyers to make their debt services if their income taxes are significantly higher. Time will tell, but there is no doubt that this is the best time in our history to sell land and cash out.
To read more pick up a copy of the May 2021 NTFR issue. To subscribe 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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