Land Investments

A Positive Take On Land Values

Expect Land Equilibrium Marcia Zarley Taylor, DTN Executive Editor LOUISVILLE, Ky. (DTN) — U.S. agriculture could dodge the long-feared collapse in farm real estate prices this commodity cycle, contend economists, lenders and appraisers attending a Farm Foundation meeting this week. But some cautioned the bubble more likely to burst will be used farm equipment values over the next year if profit margins don’t improve. “Land values haven’t seen near the pullback that everyone predicted,” observed Bruce Sherrick, director of the TIAA-CREF Center for Farmland Research at the University of Illinois. That moderation makes sense, he added, given that farmland investors …

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Unimproved Tracts Bring $4,500+ Per Acre

FOR IMMEDIATE RELEASE March 30, 2016 Unimproved Tracts Bring Over $4,500 per Acre in Auction In a market thought to be between $3,000 and $4,000 per acre, Clift Land Auctions’ multi parcel auction process pushed the mark higher to average over $4,500 per acre. These unimproved tracts were part of two land auctions held on Tuesday, March 29th, one in White Deer, Texas and the other in Clarendon, Texas. George Clift, ALC, owner of Clift Land Auctions and Clift Land Brokers in Amarillo, Texas said of the auctions, “We had over 120 in attendance at these auctions with active bidding, …

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1031 Exchange Trends for 2016

From the 1031 Insider Newsletter, IPX Investment Property Exchange Services, Inc. January, 2016 FIRPTA – What the Change to FIRPTA Withholding Means for You Under current federal law, if a foreign person sells US real property, the buyer is obligated to withhold 10% of the gross sales price and remit this to the IRS. Pursuant to the Protecting Americans from Tax Hikes Act of 2015, however, which became law on December 18, 2015 (the “PATH Act”), the required 10% withholding will increase to 15% for all closings occurring on or after February 16, 2016. There is an exception to the …

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