lone star state

Texas thrives as No. 1 best state for homesteading and gardening

Texas is an ideal place to start a homestead, the study found. Photo via Getty Images

If social media is any indicator, homesteading has been one of the hottest trends of 2024. And Texas is leading the charge as the No. 1 best state for homesteading and gardening, according to a new report by First Saturday Lime.

Analysts at First Saturday Lime, an insect repellant company featured on Shark Tank, evaluated the "suitability for sustainable living" across all 50 states based on six factors: Climate, community interest (a.k.a online search trends), gardening resources, farmland costs, and others.

The Lone Star State led the nation with the most farms and ranches on the market and the highest total acreage for sale. As of the study's publication, there were 7,520 total properties for sale, spanning more than 2.19 million acres of land.

Texas also ranked favorably for its farmland affordability. The state came in at No. 9 nationally with its average farmland price coming out to $2,800 per acre, the report said.

For comparison, New Mexico (which ranked No. 11 overall) had the most affordable average price per acre of farmland at just $700 per acre. Massachusetts (No. 48) and Connecticut (No. 42), however, tied for the most expensive price per acre, at $14,300.

Among the three remaining categories in the study, Texas performed the worst for its "gardens on Yelp per capita" rank. The study calculated Texas has 0.30 gardening and community garden establishments on Yelp per capita, placing Texas at No. 49.

Meanwhile, Texas' historically hot weather meant it ranked No. 43 out of all 50 states in the "favorable climate" rank, and the state earned a middle-of-the-road No. 35 rank in the "search interest per capita" category.

"Homesteading and gardening are growing in popularity, but some states provide better opportunities than others," the report's author wrote. "Whether you're after fresh produce or the freedom of self-sufficiency, choosing the right state can make all the difference."

Following behind Texas to complete the top three best states for homesteading and gardening are Oregon (No. 2) and Washington (No. 3), two notoriously rainy West Coast states.

Meanwhile, three East Coast states ranked at the bottom of the list as the worst states for homesteading and gardening: Rhode Island (No. 50), New Jersey (No. 49), and Massachusetts (No. 48).

The top 10 best states for homesteading and gardening are:

  • No. 1 – Texas
  • No. 2 – Oregon
  • No. 3 – Washington
  • No. 4 – Vermont
  • No. 5 – Delaware
  • No. 6 – Arizona
  • No. 7 – Wyoming
  • No. 8 – Montana
  • No. 9 – Hawaii
  • No. 10 – Colorado

The study sourced its data from Yelp, Google Trends, and the UDSA to determine each state's ranking.

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This article originally ran on CultureMap.

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A View From HETI

Fervo plans to sell 70 million shares of Class A common stock at $25 to $26 per share. Photo courtesy Fervo Energy

Houston-based geothermal power company Fervo Energy is now eyeing an IPO that would raise $1.75 billion to $1.82 billion, up from the previous target of $1.33 billion.

In paperwork filed Monday, May 11 with the U.S. Securities and Exchange Commission, Fervo says it plans to sell 70 million shares of Class A common stock at $25 to $26 per share.

In addition, Fervo expects to grant underwriters 30-day options to buy up to 8.33 million additional shares of Class A common stock. This could raise nearly $200 million.

When it announced the IPO on May 4, Fervo aimed to sell 55.56 million shares at $21 to $24 per share, which would have raised $1.17 billion to $1.33 billion. The initial valuation target was $6.5 billion.

A date for the IPO hasn’t been scheduled. Fervo’s stock will be listed on Nasdaq under the ticker symbol FRVO.

Fervo, founded in 2017, has attracted about $1.5 billion in funding from investors such as Bill Gates-founded Breakthrough Energy Ventures, Google, Mitsubishi Heavy Industries, Devon Energy (which is moving its headquarters to Houston), Tesla co-founder JB Straubel, CalSTRS, Liberty Mutual Investments, AllianceBernstein, JPMorgan, Bank of America and Sumitomo Mitsui Trust Bank.

Fervo’s marquee project is Cape Station in Beaver County, Utah, the world’s largest EGS (enhanced geothermal system) project. The first phase will deliver 100 megawatts of baseload clean power, with the second phase adding another 400 megawatts. The site can accommodate 2 gigawatts of geothermal energy. Fervo holds more than 595,000 leased acres for potential expansion.

Cape Station has secured power purchase agreements for the entire 500-megawatt capacity. Customers include Houston-based Shell Energy North America and Southern California Edison.

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