Looking at the larger land market as we roll into Q2, it appears as though the robust stock market has retained a significant amount of the discretionary dollars which may have otherwise been in the land market. As summer approaches, we are optimistic in regards to the real estate market, but cautious until we see some verifiable sales data with some of the larger rural land offerings. Pricing continues to be the key factor for the buyers and buyers representatives with whom we are routinely communicating with. Farms and ranches priced out of the market continue to remain stagnant with little interest.
Blog posts in Facts & Insights
Written by Jim McFerson – Director, WSU Research & Extension Center; Professor of Horticulture
Agriculture in the Northwest is not only prepared to embrace innovation and emerging technologies, but is often setting the pace nationally.
Montana has an expansive land mass and a wild-west history to match. As the 4th largest state in our union the scenery transforms from its eastern plains into vast mountain ranges as one travels westward. Nicknamed “Big Sky Country” for its sweeping views, it is also nicknamed the “Treasure State” due to the state’s resources in it gold, silver, copper, oil and coal. Early settlers were attracted to its mining and agricultural opportunities. Conflicts and battles arose when native American Indians were encroached upon by white settlers. The Homestead Act of 1862 further solidified the white man’s presence offering free land to settlers if they indeed “up proved” 160 allotted acres. This was a challenging feat in the arid climate. Soon the railroad made its appearance.
New Mexico, colonized by Spain prior to becoming a part of the U.S. territory in 1912, has over 500 years of Hispanic culture as well as over 2,500 years of Native American history under its belt. Dwellings in Taos Pueblo, which are still occupied, have been traced back 900 years making it one of the oldest continuously inhabited areas of America. The physical features of New Mexico offer a wide variety of outdoor educational experiences and exploration through its national parks, monuments, fossil sites, ancient lava flows and unique geology. The great gold rush attracted a wave of the American population to the New Mexico when a gold vein was discovered in Delores.
Utah, a state defined by its vast alpine land, arid deserts and other breathtaking natural wonders, offers as much to the outdoor recreationalist as it does to the history buffs as seen in its preservation of hotels and inns scattered within its borders. With a rich history of Native American tribes, Indian wars and early pioneers there is plenty of history to be witnessed. Originally a Mexican territory in the early days, it continued to evolve as an influx of people arrived with completion of the First Transcontinental Railroad in 1869.
Idaho, established as a territory in 1863 after the discovery of gold, is nicknamed the Gem State for its abundance of natural resources. Snow-capped scenic mountain ranges located around the state contain a host of mineral veins such as gold, silver, lead, copper and gems including star garnets, jasper and opals. With a multitude of lakes and rivers bustling of rainbow trout and countless other species, it attracts sportsmen and recreationalist alike. The famous Snake River rushes through Hells Canyon, the deepest river gorge in the North American continent. Approximately 63% of the states’ land is public and managed by the federal government.
The State of Wyoming with its numerous historic places embraces its heritage of the American West through its ranches, museums, parks, monuments and well-preserved hotels situated across the state. Its historic past includes Indian tribes, pioneers, cattle barons, gold miners, gold rushes, outlaws and famous icons. If you are venturing across the state stroll back in time and visit a historic hotel for yourself and experience a piece of Wyoming’s well-kept treasures.
In 1925, just prior to the start of the Great Depression a noticeable trend was taking place in America. The male population was choosing to leave their family farms in order to pursue careers outside of farming. As an attempt to counteract this movement, the state of Virginia proposed forming an organization that offered farm boys an opportunity to develop leadership skills, confidence and pride in the fact they were farm boys. When the idea was presented during the American Royal Livestock Show in Kansas City, Missouri in 1928 the Future Farmers of America was born.
This 233-acre showplace, located 2.5 hours north of Salt Lake City and only 15 minutes northeast of Preston, Idaho, offers a magnificent 7,500 sf custom owners home surrounded by beautifully manicured landscaping overlooking a spring-fed trout pond. The improvements include a second house that is well suited as a manager’s home as well as well-designed ranch outbuildings and barns.
The Ranch straddles about a half mile of Mink Creek, which has had substantial stream restoration enhancing the trout habitat. This together with the spring-fed fish pond is a wonderful recreation resource.