In The News

The Benefits of 1031 Tax-Deferred Land Exchanges

Miles Marshall for Marshall Land Brokers & Auctioneers talks about Tax-Deferred Land Exchanges (commonly known as 1031 exchanges)

Tax-deferred land exchanges, these are commonly known as 1031 exchanges because they are under the Internal Revenue Service’s tax code 1031. These exchanges have become very popular over the years; currently we have two sales in escrow, at this time, where the buyers are doing a 1031 tax-deferred land exchange. For example, one of the situations the buyer has sold a commercial property and is exchanging into irrigated cropland. In the other sale we have in escrow currently the buyer has sold land in a different part of Nebraska that wants to trade it to something closer to home, here in Central Nebraska. Just a little over a week ago we closed a sale, a significant sale, a little over two million dollar transaction, where the buyer had sold land from out of state and traded it into some property here in Nebraska.

1031 exchanges are very common, currently we have a number of people who are contemplating of doing a 1031 tax-deferred land exchanged. For example, we have a party who owns some rental houses and would like to liquidate those and trade it into farmland here in Nebraska. And also other people who are doing similar transactions. The 1031 tax-deferred exchange has become a great tool for people that would like to sell a property that has a capital gain and trade it into other property without triggering a capital gain tax on it.

If you are thinking about doing a 1031 tax-deferred land exchange, we recommend that you contact your accountant or your attorney because there are limitations and restrictions on the timeframe.

If you are considering the sale of land, we do have buyers in different counties and different areas around Nebraska looking for properties at this time. Give us a call at our office in downtown Kearney (308-234-6266). You can talk to Luke Huddleston or Miles Marshall.

And never forget…”The Best Investment on Earth…Is Earth!”

Welcome to the Team, Clay Patton!

Marshall Land Brokers & Auctioneers welcome Clay Patton to their team as a real estate and equipment sales associate. Clay will serve clients and customers through his network of connections across Nebraska.

Clay has a rich history in Agriculture, having spent his entire life in the industry. He is a graduate of the World Wide College of Auctioneering and holds a degree in Agriculture Economics, Farm and Ranch Management and Beef Cattle Science. Clay and his wife live near Lexington, NE where they enjoy their livestock operation and community service. Clay serves on several boards and organizations including the Nebraska Auctioneers Association.

Marshall Land Brokers & Auctioneers is recognized for being a leader in marketing farm and ranch land in Nebraska and northern Kansas. The company is operated by Miles Marshall along with Luke Huddleston, Jeff Marshall, Robin Marshall and Jan Hinrichsen.

Interview with KRVN & Rural Radio Network

KRVN and Rural Radio Network, interviews Miles and Luke to get an update on the latest in the Central Nebraska and Northern Kansas Land Market.

Miles: We’re seeing strong buyer demand for ag land. We’ve experienced some significant activity in the land market. In terms of investing in Real Estate ag land is a very unique asset. Land is a great tool to build equity and accumulate wealth over the years. The best time to buy land is when it’s available.

Luke: A large portion of land availability is driven by the actions of estates. What is really important is that buyer’s are ready and they have financing lined up, so when that land does become available they can take action. What a real opportunity we believe right now holds for investors and ag producers alike. What we’ve seen is that folks are seeing this current environment and they are using it to their advantage to set their operations up for future success.

Kearney Area Small Business of the Year 2020

Marshall Land Brokers and Auctioneers was awarded the Kearney Area Small Business of the Year for 2020. View the video to learn more about why they were nominated.

Compare listings