Farm & Ranch
Land Market Report
By Jared Groce
This hot and dry weather is taking a toll on our lands and our livestock, but land prices are holding their own despite the recession and the highest interest rates in decades. So far.
What change I am seeing is the type of buyer who is consuming these available properties, from the “end user” type of buyer to the investment buyer. Buyers getting a loan to buy a piece of land to build on or enjoy have all but disappeared and have been replaced with three different types of buyers: (a) Those doing a 1031 exchange to defer their capital gains taxes. These people have a limited amount of time in which they must identify and then close on a like kind property in order to defer the tax. (b) Developers. There are still a ton of developers and wannabe developers out there who want to buy 100 acres and chop it up into smaller tracts and sell at a higher price per acre. (c) Cash Parkers. These buyers have a lot of cash on hand and want to hedge against inflation by parking that cash into a solid, tangible item that cannot go to zero value.
To read more pick up a copy of NTFR magazine. 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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