Prominent Ranch Economist Forecasts Muted Texas Rural Land Price Increases in 2017
Ranch land prices should continue to rise in 2017, although not as rapidly as they did in the robust years of 2014 and 2015.
That is the assessment of one of the nation’s leading ranch economists, Dr. Charles E. Gilliland, who recently shared his full analysis with Lem Lewis, host of the RANCHCAST with LEM LEWIS podcast.
Dr. Gilliland is a professor in the Mays Business School at Texas A&M University and a research economist – specializing in rural land and property taxes – at the university’s Real Estate Center. Lem Lewis, well-known as “The Ranch Broker,” is a fourth-generation Texas rancher whose full-service brokerage company serves both land buyers and sellers, concentrating on the Texas Hill Country, South Texas, and West Texas.
More than oil prices and interest rates, Dr. Gilliland explains in his interview with RANCHCAST that ranch land values in Texas are tied to population, job, and wage growth.
Photo: Dr. Charles E. Gilliland, Texas A&M Univeristy
Interview Conducted: October 13, 2016
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