Follow the link below to read an interesting and positive article from today’s Wall Street Journal about the strengthening high-value ranch market:
“The market for large ranches is on the rebound. The recession and droughts dampened demand for wide swaths of ranch land in recent years. Dry conditions forced ranchers to sell off their herds, creating a glut that drove down cattle prices. Now, with easing drought conditions across much of the country and higher cattle prices, ranches that had been sitting on the market have started to sell. A boom in the oil and gas industry and current 2% interest rates on ranch mortgages are also fueling big land grabs.”
Billionaire Businessmen Buying Up Mega-Ranches
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