Ranch Land Report: Spring 2008
May 12th, 2008 - "There are buyers in the market and they are being very diligent in seeking out value. We do expect buyer activity to pick up this summer and the buyers will sort through the inventory, making deals with motivated sellers. Longer term there are a variety of factors that will impact the market in a positive manner after the current economic cycle runs its course. Those factors will bode well for long-term ownership of land and real estate in this country and particularly for the western states. On the other end of the spectrum we have the farm and ranch production segment being very active with values increasing. Good working ranches and production farms are hard to find with no shortage of buyers. Strong grain prices will likely continue as we see continuing global demand for food products driven largely by the continuing emergence of a middle class in China and India." Read more...
