Land Market Report: July 2021 Rural Land Sales

By Jared Groce

The North Texas land market is continuing on its crazy, skyward pace, despite slightly more inventory being available to buyers. Land tracts of every size are still in high demand, with an increasing demand for good cattle ground. I’m pretty sure I could never make a cattle program pay for land at these prices, but I am not a good cattleman anyway.

The prediction is for this market to continue on its current path at least through the end of the year. The fear of major changes to the capital gains taxes has many landowners cashing out while the capital gains rates are half of what they are saying they will be next year.

To read more pick up a copy of the September 2021 NTFR issue. To subscribe call 940-872-5922.