The properties we work with are unique and unable to be replicated. Their finite nature, combined with the fact that land in our marketplace is not highly leveraged, makes rural land stable and resilient to volatility.
Last year's market was characterized by low inventory levels and dominance of high-value transactions. As we approach the midpoint of 2024, where does the market stand now?
Quality commanded a premium in 2023, while coming uncertainty may bring less urgency and greater price sensitivity to the market. While caution is prudent, increasing positive sentiment over cooling inflation could become a significant driver leading to increased transaction volume.
Please join us in a look at the state of the market, what the lending market holds, our auction stories, and how our management team adjusts and provides in an ever-changing world. Then, dive a little deeper as new owners navigate revolutionizing the cattle ranching business; we look at our 2023 sale numbers and again bask in beautiful imagery. We look forward to continuing the journey with you in 2024!
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