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1031 Exchange Drives Up Farmland Prices
It’s not only people in towns and cities that reap the benefits of 1031 exchange-related price hikes in property. A recent trend shows that the value of farmland is rising steadily. Wrex.com reports:
One factor driving up land costs is the 1031 Exchange. It's a tax incentive from the government that says if farmers make a profit from selling their land, they can trade it for land somewhere else without paying capitol gains.
Read more: Price of Farmland Goes Up; Farmers Still Find it Hard to Sell
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