The USDA National Agricultural Statistics Service recently released their 2018 Land Values Summary. The Mountain Region, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming, experienced a 0.9 percent increase in value from 2017.
University extensions in both Idaho and Montana are experimenting with various varieties of berries in an effort to determine which berries, if any, can be grown successfully at a commercial scale in the Intermountain West. Extension research primarily aimed at answering questions of which plant cultivars are going to do well and fit their markets helps landowners potentially increase their likelihood of success.
Each year the USDA NASS releases cash rent amounts by land use for various states and regions across the country. In Idaho cash rents for all land types, irrigated cropland, non-irrigated cropland, and pasture, posted declines from 2016 to 2017. In Oregon and Washington, cropland rents increased year-over-year, but 2017 pasture rents decreased from the previous year.
Nationwide, farm real estate values average $3,080 per acre in 2017, up $70 an acre or 2.3 % from 2016. The Mountain region has the lowest farm real estate value at $1,130 per acre. The value of cropland in the same region increased 1.1% year-over-year to $1,780 and pasture land values rose 1.3% to $625 per acre in 2017.
According to the latest release from Northwest Farm Credit Services, agricultural real estate values in Washington, Oregon, Idaho, and Montana, are stable and increasing through the first half of 2017. Despite weaker commodity prices and less than favorable weather patterns in parts of the northwest, the constrained supply of properties for sale has continued to stabilize land values.
Northwest Farm Credit Services releases a Market Snapshot of land values quarterly. Their latest issue details market trends through 2016. The decrease in number of sales in 2013 - 2015 reflects constraints in supply rather than weak demand.
Across the region, demand remains strong for working ranches and good-quality agricultural properties due to a strong demand for grass and a limited inventory of good-quality properties. As is typical in the market, properties with premier recreational features or locales with limited private ownership are in highest demand.
As part of their devotion to "the inextricable link between the public lands surrounding our private working lands", the Lemhi Land Trust joined forces with The Nature Conservancy and Pioneer Mountain Group to create the Central Idaho Rangelands Network to encourage collaboration and rangeland monitoring across a large landscape with diverse public and private ownership in Central Idaho.
National agriculture industry consulting and CPA firm K-Coe Isom recently announced a new program aimed to help ranchers generate revenue from conservation projects while simultaneously reducing the rancher’s inherent risk of testing and implementing such projects. Funded by the USDA Natural Resource Conservation Service (NRCS), the program is specific to ranchers whose property is located in priority sage grouse habitat or crucial mule deer winter range or designated mule deer migration corridors within Montana, Colorado, Wyoming, Idaho, Utah, Nevada, or California.
Focused on the Great Basin, one of 22 Landscape Conservation Cooperatives in North America, the Great Basin Landscape Conservation Cooperative (Great Basin LCC) represents a partnership among public and private groups. The Great Basin LCC supports landscape-scale conservation, promotes science, and enables management based on traditional knowledge and science so human and ecological communities can respond and adapt to climate and land use change.
The High Divide region of Idaho and Montana straddles the Continental Divide along the Idaho-Montana state line and is the center of connectivity between the Greater Yellowstone Ecosystem, the Crown of the Continent and the wilderness Central Idaho. Although the region only encompasses two states, it has continental significance because it houses headwaters for the Missouri and Columbia watersheds and it is a stronghold for wildlife that have disappeared from much of their historic range.
To protect this crucial area, the High Divide Collaborative is bringing stakeholders together to work collectively to conserve and restore lands of importance for local communities and to protect ecological integrity at the landscape scale.
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