Articles of Interest - 24 Jul. 2026
This article is a historical look at 2025 and a look ahead into 2026. USDA averages should not be interpreted as expected sale prices for individual ranches. Based on Mason & Morse Ranch Company field experience, high-quality working ranches, hunting and fishing properties, recreational land and legacy holdings may trade at approximately three to five times—or, in exceptional circumstances, more than—the applicable USDA statewide agricultural average. The difference may reflect reliable and legally supported water, irrigated acreage, documented livestock carrying capacity, wildlife and sporting resources, river or stream frontage, functional ranch infrastructure, significant residences and improvements, privacy, public-land relationships, resort-market influence and scarcity that is difficult to reproduce. No fixed multiplier applies to every ranch. Values vary significantly among states, within states and even between neighboring properties.