Mid-March 2024 THLFS Update

SPRING BREAK IS IN FULL-SWING!

CHECK OUT OUR LATEST PROPERTY UPDATES… 

NEW!  High Point Ranch is an incredible opportunity to own a blank canvas ranch, conveniently located just 9± miles west of Harper. The ranch consists of 57.16± acres and is located off paved FM 479 with 700'± of frontage road. There are several nice build sites with stunning Hill Country views. There is tremendous potential to build a weekend getaway cabin or full-time residence.

FEATURED! Highveld Ranch is an elite Tecomate Signature Property! First and foremost, Highveld Ranch is an exceptional hunting ranch located in the sought-after Texas Hill Country. Notable improvements to the ranch include a6,900± sf newly-renovated lodge, a newly-renovated foreman's home, a game processing facility with a walk-in cooler, and a rifle range. With phenomenal whitetail, turkey, and exotic populations, this high-fenced ranch is a hunter’s paradise!

JUST SOLD! S Ranch is 252± acres of prime hunting land with three sides that are low fenced. The ranch is located in the excellent brush country of South Texas, east of Freer, Texas. A 3,000± sf hacienda sits at the top of the highest elevation of the property. The hacienda has front and back patios that run the entire 100± length of the hacienda and offer views that overlook the ranch. The hacienda is ready for updating/remodeling. The ranch has not been hunted since it was purchased by the current owner 12± years ago.

POSITIVE NEWS ON TEXAS DROUGHT CONDITIONS!

We're pleased to report positive news on Texas drought conditions. Recent rainfall has significantly improved the situation, with exceptional drought conditions now at 0.00% statewide! Extreme drought conditions are at 1.97%. This is excellent news for the moment! Stay informed about current water conditions.

RANCH NEWS ARTICLES!

You can see the latest ranch news articles under “Resources” then go down to the “Ranch Articles” tab. The most recent article discusses the damage and devastation left in the wake of the Panhandle wildfires. Read more. These articles are also featured in our bi-weekly email newsletter.

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Limited Storage Capacity in Texas for Large Crop Harvest

Farmers are bringing in another record harvest but storage is limited

Texas farmers saw low prices and limited storage for this year’s grain harvest.

The strong production in Texas and across the U.S., along with heavy carryover stocks, continue to weigh on prices. Another record national crop is adding to the challenge facing farmers this year.

In addition, decreased export demand and high transportation costs mean little relief is in sight.

According to the U.S. Department of Agriculture’s (USDA) September Grain Stocks and September World Agricultural Supply and Demand Estimates (WASDE) report, abundant supplies and uncertain trade outlooks are expected to pressure markets and profitability well into 2026.

“Farmers are bringing in another record harvest, but storage hasn’t kept pace,” said Brant Wilbourn, Texas Farm Bureau associate director of Commodity and Regulatory Activities. “Some farmers have built more on-farm storage and others are storing the crop on the ground.”

Nationally, USDA’s WASDE projects 2025/26 corn production at a record 16.8 billion bushels and soybean production at 4.3 billion bushels. Despite strong yields, demand remains sluggish due to ongoing trade challenges. That imbalance between large crops and slower movement continues to pressure prices and basis levels across major grain states.

Texas farmers are seeing similar trends.

According to the Sept. 1 USDA Grain Stocks report, Texas had 19.96 million bushels of off-farm corn, 4.46 million bushels of sorghum (including 450,000 bushels on-farm), and 85.9 million bushels of wheat in storage—8 million on-farm and nearly 78 million off-farm. The state’s total on- and off-farm storage capacity was estimated at 780 million bushels, leaving a reported surplus of about 246 million bushels statewide.

Texas farmers and grain handlers report that some regions, particularly areas of heavy corn and sorghum production, had limited storage capacity, while other parts of the state had more availability.

“Insufficient storage space can have an effect on commodity prices,” Wilbourn said. “The increase in crop size combined with lack of storage space and slowing demand for exports will continue to put pressure on crop prices. It could also have an impact on basis, and a weakening basis would add a significant price risk to the farm sector’s bottom line.”