Land Market Update and CRP Advice You Should Know - Steve Hanson

Despite the slowing market, there is still strong demand for high-quality hunting farms. Interest rates have doubled in the past two years, making it important for buyers to be cautious. The hosts discuss the benefits of incorporating Conservation Reserve Program (CRP) land into hunting strategies and as a sound investment. They provide insights into managing CRP land, including ideal acreage size, productivity of brassicas, firebreaks, and adding water sources.

• The current land market is stable, but buyers are becoming more cautious about their spending and taking longer to make offers.
• The upcoming increase in the federal interest rate may further slow down the market.
• Limited signs of previous hunting activity on a farm can be a beneficial factor.
• Access to the farm and neighboring properties is crucial for hunting success.
• Creating a funnel effect in CRP fields by mowing trails and directing deer towards the desired location.
• Using urea fertilizer in native grass areas to create thicker and taller cover for better concealment.
• Regret of selling farms too soon and undervaluing their worth.
• Properties without immediate buyers nearby have experienced a slowdown in sales due to higher interest rates.
• CRP farms offer condensed deer activity and easy-to-find funnel spots.
• Installing firebreaks with clover around the perimeter of CRP land helps manage cedar trees and provides food for deer.
• Waterholes near rut funnel areas can enhance the hunting potential of a farm.
• Investing in land has proven to be stable and reliable, even during economic downturns.
• Creating funneling areas in native grass fields to make bow hunting more effective
• The importance of prioritizing personal hunting time and learning from past experiences

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