So who’s buying Missouri land in the first quarter of 2021. Local buyers have been busy lately with 10 of 14 recent farm sales going to local families. This is a change from what I’ve seen in recent years where investors have represented a large chunk of the buyer pool. Don’t get me wrong, investors haven’t gone away, in fact, I’m seeing new land investors, with large budgets, entering the land market seeking to diversify. However, the re-emergence of local buyers is impacting the market in a way I haven’t seen in 10-years.
Considering the number of inbound calls I’m receiving, I don’t see this changing anytime soon. I’m fielding a dozen calls daily asking if I know of anything new coming to market. Interest is broad, meaning if you have something you’d sell, row crop, pasture, timber, hunting, I probably have a buyer on my mailing list. Budgets range in size from $500K to $8M.
Please give me a call if you want to discuss why I believe the market is so hot, and if you’re considering selling, I appreciate the opportunity to give you a free valuation. You might be surprised what your land is worth.
1031 exchange deadline expires Monday 3/8, up to $600,000. Buyer is open, could be pasture, timber, row crop, combination
1031 exchange, buyer is local farmer/owner, up to $1M, row crop, bottom or hill OK.
1031 exchange, $800K, buyer is local farmer/owner, prefers nicer row crop
1031 exchange, investor, up to $1.5M, quality row crop, would like for farmer to be in place