selling land in this political environmenT
It is day 32 and the government is still shutdown and still affecting the lives of many across the country. We discuss how land prices are holding up in this political climate, what considerations should be taken when selling land right now, and what the market may look like in the coming months.
Land prices during the longest government shutdown ever
So far, in terms of land value and prices, we are not seeing any harm from the longest government shutdown in history. Prices are still coming in strong and solid. The most noticeable change in the farmland market is the low volume of sales. Empty auction calendars across the Midwest make it evident that people are nervous to sell in this political climate.
What are they nervous about? I'll repeat myself - prices are still coming in strong and solid. I don't think sellers need to hold back. The market is still strong, and selling into a predictable market like this is the best way to have a good sense of what your property will bring.