307 Blog: Farm, Ranch & Commercial Real Estate & Welcoming Jason Watts
Posted by | 307 Real Estate307 Real Estate has a long history of working with all kinds of real estate, from residential and commercial to farm and ranch…. the agents at 307 have experience with all types of real estate throughout the great state of Wyoming. While most of the 307 agents handle a variety of transactions across these different areas, 307 recently welcomed new agent Jason Watts to the 307 Real Estate team who will primarily focus on farm and ranch real estate all over the state of Wyoming. Jason is based in Buffalo, Wyoming, but you can find him driving all over the state showing and learning about farm and ranch properties.
Farm and Ranch Real Estate in Wyoming
We wanted to take this opportunity to share a little more about farm and ranch real estate in Wyoming, and to also introduce Jason to the 307 family.
Ranch view from the air!
Cattle ranches, on the other hand, are an incredibly important part of Wyoming’s economy. Wyoming is one of the few states that has increased its agricultural lands in the past years, and it also ranks first in the US for average farm/ranch land mass. At the beginning of 2018, Wyoming was home to approximately 1.32 million cattle which brought in over $1.1 billion in revenue in 2017. Common livestock in Wyoming also includes sheep and lambs, hogs and pigs and horses (among others).
As of 2019, the Wyoming farm industry included around 12,000 operations (or farms) and a total of roughly 29 million acres of land across the state. Depending on the area, the biggest commodities in the state are hay, barley, corn, wheat, and sugar beets. With farmland making up just under 50% of the total area of the state, each county has its own agricultural profile and advantages – so there are plenty of options to choose from!
So, what is the latest in the farm and ranch real estate world?
Similar to the Wyoming residential real estate market, ranch activity is climbing, and out-of-state interest has been growing in the wake of the COVID-19 pandemic. As the 9th largest state with the lowest population in the country, Wyoming has been a focal point as there has been a newfound desire for more space and solitude in remote areas.
It is also interesting to note that water shares are an important factor in Wyoming when selling or purchasing land. Water laws in Wyoming have a long history and have often been the example for other western states. The numerous streams and rivers in Wyoming have been a major contributor to the economy and growth of the state since its inception. So, if you are looking at farm or ranch property, make sure to take note of or ask about the water situation!
Flying T Ranch, Southfork Rd, Cody, WY
More about Jason Watts
Jason was raised in North Texas where he gained an in-depth knowledge of agriculture and business. Jason worked on the family ranch and maintained a position with the family retail fuel business. For the last 10 years, Jason served as a Sales Manager and a Director for a Nationwide Petroleum Wholesaler in the Wyoming and Rocky Mountain Region. With a large network of business leaders, investors, and contacts from Houston to Calgary, a career transition into real estate was a comfortable decision. Jason and his wife Candess live in Buffalo, Wyoming and are active in numerous community events.
Jason Watts & his wife, Candess
If you are looking to learn more about farm and ranch real estate in the great state of Wyoming – buying or selling – feel free to reach out to Jason either at jwatts@weare307.com or 1-307-620-0440.
Sources:
http://www.wyo.gov/about-wyoming/wyoming-facts-and-symbols
https://www.nass.usda.gov/Quick_Stats/Ag_Overview/stateOverview.php?state=WYOMING
http://wwdc.state.wy.us/history/Wyoming_Water_Law_History.pdf
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