The bullish forecast for the cattle market in 2015 and reports of above average precipitation across the state, are helping drive an increase in investor activity for this area of the U.S.
(PRWEB) April 21, 2015
Across the majority of New Mexico the drought conditions are holding steady. April has brought one to two inch rainfall amounts across Chaves, Lincoln and Roosevelt counties with the state average 111 percent of normal for the first five months of 2015 water year. The eastern plains and central valleys are generally in better shape while the northwest has fared the worst.
The return of precipitation in the Southwest along with positive economic indicators for a strong cattle market in 2015 is creating investor activity in the New Mexico ranch land market.
In recent weeks a 9,385.81-acre deeded cattle ranch with state-of-the-art improvements located in Lincoln County sold for a little over 3.5 million. “The bullish forecast for the cattle market in 2015 and reports of above average precipitation across the state, are helping drive an increase in investor activity for this area of the U.S.”, said Bart Miller, Managing Broker of Mason & Morse Ranch Company.
The sale of the 9,300-acre Lincoln County ranch was put together by Scott Burton, real estate agent of Mason & Morse Ranch Company, this extremely well watered ranch featured thirteen wells, five miles of pipeline and six large storage tanks situated strategically throughout the ranch. Additionally, the ranch included a state-of-the-art set of pens at the headquarters, which are complete with a hydraulic squeeze chute, a livestock scale and a permanent loading and unloading chute. The terrain of the ranch is fairly level with open, rolling hills and slopes to the creeks. Pastura, Harvey and Clovis soil types yield strong grass production.
Across the country the cattle market has been on a strong upward trend for several years as US cattle numbers have declined and the demand from international export buyers has been very strong. Less than 10 years ago a 500-lb calf was worth $500 to $600/head. Today that same calf will bring $1200 to $1400/head. Consequently, the value of the grass per ton going into feeding that calf has risen helping influence the price of ranch land.
About Mason & Morse Ranch Company
“Ranches Farm Land Sales” – http://www.ranchland.com, Mason & Morse Ranch Company – Strategic Partner of United Country is a leading provider of ranch, farm, timber and recreational land brokerage & auction services across the United States. Founded in 1998, in the Roaring Fork Valley near Aspen, Colorado, the company specializes in marketing high-value and large acreage properties across the U.S. Combined, Mason & Morse Ranch Company agents offer their clients more than 133 years of combined experience in ranch, farm, timber and recreational real estate sales. Recently recognized by The Land Report as one of America’s Top Brokerages, “Spring Edition” 2015 Featuring America’s Top Brokerages.”
Mason & Morse Ranch Company – Strategic Partner of United Country Real Estate is separately owned and operated from Mason Morse – Coldwell Banker of Aspen, Colo.