NEWS

The Land Values 2022 Summary report, released Aug. 5 by USDA’s National Agricultural Statistics Service (NASS), shows agricultural land values increased by $420 an acre over 2021, the largest numerical increase since the survey first began in 1997 and the largest percent increase (12%) since 2006.

Texas Gov. Greg Abbott announced plans for a $670 million state-of-the-art beef processing facility to be built in Amarillo – the only facility in the nation to be owned by cattle producers and operated by beef processing industry veterans.

It’s no secret that the ranching lifestyle is hard, and when between volatile cattle prices, the rising cost of living, and other pressures like drought, staying in the black can be a serious challenge without the extra paycheck from a “town job."

The debate on cattle market transparency continues to take the spotlight on Capitol Hill, with legislation including the 2022 Cattle Price Transparency Act and the 2022 Meat and Poultry Special Investigator Act taking center stage.

Climate change is a hot topic around the globe and an area of focus during this year’s Beef Improvement Federation (BIF) Symposium in Las Cruces, New Mexico.