Farm & Ranch
Land Market Report
By Jared Groce
Our rural land market is continuing to slow its pace in 2023, with another slight decrease in the number of transactions closed during the month, and with the total days on market continuing to inch higher.
I am often asked, “When will land prices start going back down?” The short answer is “probably never.” Looking at the chart below for our area, Texas A&M Real Estate Research Center data shows that since 1970, there have only been very slight decreases in average land prices. These can easily be skewed by the addition of, or lack of, one significant sale. For example, the sale of the Waggoner Ranch in 2016 for $725,000,000 easily changed the average figures of their region, as well as the state in general. So, was there “really” a decrease the following year, or was that one sale so large that it made it look like the next year was down? My bet is that if the Waggoner Ranch sale was not included in 2016, 2017 would have been higher than 2016.
To read more, pick up a copy of the November 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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