Ranch Land Report: Summer 2021
June 1, 2021 - "Market Report – Market Drivers Inflation and the implications of proposed changes in the capital gains tax, estate taxes and 1031 tax deferred exchanges are currently the common topics in conversations with our client base. These areas of tax law are major factors in the decision to buy and sell large assets in the current economic environment. Currently, buyer demand is strong across the different farm, ranch and land property types we market for sale. Investors are looking for quality hard assets. Since the beginning of the year inventory of farms, ranches and recreational land for sale has tightened more than we expected. Typically, a farm, ranch or recreational property is on the market for 12- 16 months before it sells. In the current economy we are experiencing sales in half that time for quality properties priced accurately. " Read more...
