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'Downward pressure': Farmland Rental Rates Flat or Down If you ask a farmer, agricultural economist, ag banker or ag real estate agent about Upper Midwest farmland rental rates, the response probably will include two words: "Downward pressure." By all accounts, poor crop prices and marginal farm profitability are pushing down what farmers will pay to rent farmland. As a result, most farmland rental rates negotiated this winter "are flat or going down" from what they had been, says Noah Hultgren, a Willmar, Minn., farmer and real estate agent. Learn More More News: Congress Resolves Budget Impasse, Provides Disaster Payments, Changes Cotton/ ...
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Farmers Predict Stable Land Values Optimism about farmland prices is ticking up for farmers. That’s according to the Purdue/CME Group November 2017 Ag Economy Barometer by Purdue University’s Center for Commercial Agriculture. The monthly survey polls 400 U.S. producers to gauge the health of the ag economy. “A record-low number of producers—only 17%—indicated they expect lower farmland values in the year ahead,” says James Mintert, director of Purdue University’s Center for Commercial Agriculture. “We also had a modest uptick of farmers expecting higher farmland values. People are becoming more optimistic, or at least less pessimistic, about what’s ...
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Reviewing the State of the Farm Bill: Perspective from Spending Looking ahead to potential farm bill reauthorization this year also presents opportunities to review the 2014 Farm Bill. One of the key issues surrounding the last farm bill was the Congressional focus on reducing Federal spending. As such, this article compares updated reports and estimates of spending (outlays) compared to what was expected from the bill when Congress passed it. The comparisons are based on the Congressional Budget Office, using their forecasts and projections (CBO). Read More More News: USDA Unveils New On-line Tool for Farmers WOTUS Applicability Date ...
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January 29, 2018 Fargo, ND – The North Dakota Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) has released their 21st Annual Agricultural Land Price and Cash Rent Survey. Thirty-four land professionals across the great State of North Dakota contributed land sales and rental data to this year’s report.  The report includes reported data from actual 2017 land sales and new or existing (multi-year) cash rental contracts. High and low cropland, pasture, and cash rent by county are provided on a per acre basis.  The statistical mean (or average) and median is calculated for reported cropland and pasture prices. Report readers ...
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Why Isn't Land Cheaper? Agriculture has suffered through four years of lower commodity prices and reduced profitability in the farm sector. So why don’t land prices reflect this? The short answer: It’s because farmers and investors keep buying land. Farm operators continue to be the primary buyers at land auctions, says Brad Hayes, lead appraiser for Peoples Company, Clive, Iowa. In addition, there are numerous investors and individuals with 1031 exchange funds who are active participants at land auctions, he explains. Keep Reading More News: SCOTUS: WOTUS Challenges Will be Heard in District Courts Farm Bill Reform Would End "Dishonest" ...
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Land Price & Cash Rent Survey Disclosure Data include January 1, 2017 to December 31, 2017 agriculture land sales and cash rent contracts. Minnesota 2017 Land Value & Cash Rent Surve
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Setting goals is easy right?  Setting goals is something that seems easy enough, right?  Most of us decide we want to do something and go try to do it.  But, that's not how most professionals do it in the business world. The term " SMART  goals" was first coined by management whiz Peter Drucker in 1954 and has since skyrocketed in popularity.  This goal setting method is recognized and used by companies worldwide.   This is  because  if executed  correctly  SMART  goals force the individual(s) setting the goals to really break down their goals and what they will need to do to achieve them. Breaking the goal down with the  ...
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Networking, networking, networking - We can't stress enough how important good networking skills are to help you grow your career.      While  many find networking t o be stressful and boring, it does not have to be.  The key to great networking is to have questions prepared  in advance that start actual conversations and not just small talk.  Here are some examples:   1) Have you been to [city], [event space] or [conference] before?  Trying to connect over the general environment is a good, natural conversation starter.  2) How did you get involved in [topic]?  People like to tell their story.  You may find some common ground ...
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Prices Stable For High-Quality Farmland Today, Farm Credit Services of America (FCSAmerica), announced that farmland values in four of its key markets stabilized in 2017, a reflection of what it says is continued market demand for high-quality land. The announcement mirrors what the USDA reported in its 2017 Land Values Summary. In that report, cropland prices across the country remained unchanged from the previous year at an average value of 4,090 per acre. FCSAmerica reports that where prices “dropped at local or regional levels, sales generally involved lower quality land.” Keep Reading More News: Round One of Farm Bill Done? USDA Announces ...
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We have been approached about appraising a brine well. I know these don't sell that often, but looking to see if anyone has any sales data or income information they would be willing to share. We are more than happy to reimburse for any sales or data received. We will also share any new information we find.  Thanks! Mark Van Den Berg Certified General Appraiser Value Midwest (989)635-0086 markv@valuemidwest.com
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President Trump Addresses Farm Bureau Last week, President Trump spoke at the American Farm Bureau Federation (AFBF) annual convention in Nashville, TN. He is the first President to address the convention in 20 years. During his speech, President Trump focused on tax reform and deregulation and touched briefly on trade and the farm bill. As he discussed the farm bill, President Trump stated that he was looking forward to a strong bill, including crop insurance, being passed on time. The President called out Senate Agriculture Chairman Pat Roberts (R-KS) twice during his speech. Senator Roberts was in attendance and had accompanied the President on Air Force ...
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CAFO premium?

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​I had someone ask me if there was a premium value to a CAFO permitted farm vs a similar sized non CAFO permitted farm.  I think that there is, due to cost of permitting, hassle, and the possibility of future expansion, but I can't show it.  Does anybody have anything to show if a premium exists for having the permit.  I was thinking of a 700 cow dairy that sends its heifers elsewhere, vs a 700 cow dairy with heifer facilities nearby that has a CAFO permit.  Obviously, the one with the heifer facilities would be worth more because of the existence of the heifer barns, but would there be an additional premium for the CAFO itself.
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Working on fair market rent study. Looking for open farm land rents for properties that are irrigated with effluent water. Preferably in the San Joaquin Valley, Ca. Randy Merriman MAI Merriman Hurst and Associates Inc Bakersfield, Ca
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Highly Leveraged Farmers Could Face Distress Amid Volatility in Ag Industry, Pricing Farmers’ increasing use of credit to finance operations has left some operators financially exposed during a volatile period for the industry. In West Michigan and nationwide, farmers have turned to debt at a time of declining commodity prices and slumping farm incomes. When coupled with elevated real estate values that have leveled off after growing rapidly from 2009 to 2014, it’s a pairing that has some researchers recalling the factors that led up to the farm crisis of the 1980s. Read More More News: 2018 Could Bring Higher Prices for Farmers ...
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Investment Firms Find Value in Farmland Wall Street type investment firms have found out what most farmers have believed for years—farmland is a good long-term investment. More institutional-type investors are likely to enter the picture and buy land as many farmers, who would have vied for the property three or four years ago, are holding back and hanging onto their cash. So, what does this mean to the ag community? It depends on the firm and how its land purchases play out. Some of the investment firms buying land lease it back to the farmer so he can continue to operate. This is a standard practice for Indianapolis-based US Agriculture, according to ...
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Start 2018 out on a positive note:  Isolate negative thoughts to improve your chance for success! Self-talk is the conversation we have internally with ourselves as we process thoughts and feelings throughout the day.   Keeping that conversation positive can help you become a more successful person.  Letting negative thoughts get the best of you can send you into a self-defeating spiral.  You want to have a positive image of yourself. Testing done by   TalentSmart   has revealed that individuals with high emotional intelligence (EQ) have developed their ability to recognize and control negative self-talk.    Those with this skill earn on average ...
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Why Farmland Values Won’t Budge There’s a moderately strong correlation between commodity prices and farmland values. If you’ve been frustrated that land values feel artificially high, you’re not alone. “Strong farmland values right now defy logic in a lot of ways,” says Steve Bruere, president of Iowa-based land brokerage firm Peoples Co. Some basic supply-and-demand principles do go at least partway in explaining current disparities, however. Bruere says Iowa had fewer than 150 farms up for sale as of November — less than two per county, on average. Read More More News: Three Eyes-In-The Sky Options For In-Season Scouting Rebound ...
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Working on a couple of well pad sites in NW Colorado and SW Wyoming.  Charged with trying to estimate a market rental rate for the surface use of the well pad site. Any leads would be greatly appreciated!
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Congress to Vote on Tax Cut Package Republicans have completed a conference process to iron out the differences between the House and Senate tax bills. House Ways and Means Chairman Brady released the conference report late last week. The House is set to vote on the package on Tuesday with the Senate to follow. The press is widely reporting that Republicans do have the votes to pass the bill in the Senate, a simple majority is required under special budget reconciliation rules. The Congressional Budget Office (CBO) estimates the bill will add $1.5 trillion to the deficit over 10 years. Explanatory Statement CBO Score   If you read the explanatory statement, ...
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lamb plant

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​I have an assignment for a small on farm commercial lamb processing facility, approximately 2,634 SF. It is assumed that it has a store section along with lamb processing and freezer storage. I am seeking sales of on farm or small site meat processing facilities.  My e-mail is: david.joos@compeer.com Cell Phone 1-608-290-1163.
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