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NW Missouri | How do 1031s help when building a growing operation at a young age?
Young guys don't sell much ground. In rare cases, maybe they have a chance to trade up by selling something poorer or farther from home, but that doesn't happen much. Even when it does, they usually haven't owned the other ground very long.
In my opinion, 1031s hurt young guys trying to build operations WAY more than they help them. They help the absentee landowners and the speculators more than anyone else. Maybe there is something I'm missing. But every time someone I've never heard of outbids a local to buy a farm it seems like they had 1031 money that had to get spent. | |
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Expansion? Grass or building?
