Floods' Impact on Land Values
Floods Affect Specific Farm Values, but not Overall Trend
Farmers and ranchers hit by March's flooding and blizzard are still trying to assess their damage. Land values will be affected, but only specific to the property and its damage.
"In 1993 flooding on the Mississippi, I had a friend who farmed near a levee that broke and he had 30 acres of sand dumped on his property. With a trackhoe and bulldozer, he got some of it off, but some just became wasteland," recalled Randy Dickhut, senior vice president with Farmers National Company in Omaha.How did the floods affect farmland?
Ag Census: Farmland Receding in California
Agriculture appears to be slowly receding in California.
Though it still leads the nation in production, the Golden State lost more than 1 million acres of farmland and some 7,000 farms from 2012-2017, according to the USDA’s latest Census of Agriculture.In all, 70,521 farms operated on a little more than 24.52 million acres statewide two years ago, according to census figures released April 11. The state has lost over 10,000 farms in the last decade, from the 81,033 in existence in the 2007 survey.What else does the census say?
Here is What You Need to Know About Today's Farmland Values
Both Todd Slock, regional manager appraisal at Compeer Financial, and Eric Wilkinson, accredited farm manager, real estate broker, and auctioneer at Hertz Farm Management, Inc., agree that farmland values have changed little during 2018 and they see a similar situation going forward. The two men were the guest speakers at The Chicago Farmers’ April 8th meeting. Compeer is a Platinum Sponsor of TCF and Hertz is a Gold Sponsor.
“There has been little change in farmland values in 2018,” said Wilkinson, whose territory covers the northeast quadrant of Illinois. “Excellent quality land is up about one percent, and good quality is down about one percent. The data show average quality land up eight percent, but that is because larger, better quality land with more irrigation sold in 2018 than in 2017. We’ve seen that the primary buyers of good farmland during 2018 were current farmers. Recreational land is up seven percent, with land values highest for plots near metropolitan areas. Transitional land values are spotty and there is a wide variety of values.” The majority of Wilkinson’s information was provided by the 2019 Illinois Land Values and Lease Trends Report by the Illinois Society of Farm Managers and Rural Appraisers.What do you need to know?
Farm Number Fall, Animals Gain Value
The number of American farms has fallen since 2012, reflecting both a long-term trend and hard times in the ag industry.
But farmers are generating more money from livestock, according to the 2017 Census of Agriculture.
USDA released the statistical compendium Thursday, showing the changes in what U.S. farmers are producing &tstr; and who is farming.Read more on shifting values.
President Trump Has Threatened the UE with Tariffs in Retaliation
Agriculture may not be part of any upcoming trade discussions between the European Union and the United States.
Any trade agreement between the two partners will be “strictly focused on industrial goods, excluding agricultural products,” the EU said in a statement yesterday.
President Trump has threatened tariffs against key European products if American ag isn’t part of the negotiations.
“Look, if (the trade situation) doesn’t change, we’re going to tariff all of (the EU’s) cars and everything else that comes in,” the president said yesterday during a visit in Burnsville, Minn. “You can’t treat our farmers that way. You can’t treat our people that way.”What does this thread mean?
Trends Show Chapter 12 Bankruptcies Not Rising At An Alarming Rate
Earlier this year, the Wall Street Journal released a story about how a wave of farm bankruptcies is taking over agriculture right now. While certain states are seeing an increased number of Chapter 12 bankruptcy filings, and every bankruptcy is a hard situation for any farm family, the spring edition of Farmer Mac’s “The Feed” shows it’s not a situation consuming agriculture everywhere.What are the trends saying?
The 'New NAFTA' will Boost Ag Exports by 1.1%
U.S. food and agricultural exports would increase by $2.2 billion, or 1.1%, with full implementation of the United States-Mexico-Canada Agreement, the successor to NAFTA, said the U.S. International Trade Commission in a 379-page report issued Thursday. “Most trade in agricultural products between the United States, Canada, and Mexico is already duty-free under NAFTA and would continue to be duty-free under USMCA.”What is the new NAFTA?
Will San Joaquin Valley Farmers Ever See a Full CVP Allocation?
Westlands Water District wants to know if not now, when. In a season that will see California reservoirs fill and water flow freely to places like San Francisco and Los Angeles, and where skiers enjoyed over 50 feet of snow at Mammoth Mountain, what will it take for south-of-Delta farmers to receive a 100 percent allocation of Central Valley Project water?
Earlier today the Bureau of Reclamation increased its allocation of surface water to farmers south of the Delta to 65 percent, up from the 55-percent allocation announced in mid-March. The last full allotment south-of-Delta farmers received came in 2006.What will it take to get CVP allocation?
Welcome New Members
Help us welcome our newest members to ASFMRA! We are thrilled that you have chosen ASFMRA as the organization to be affiliated with. Because of you, ASFMRA continues to grow and support rural property professionals across the nation!
We are recognizing new members of the Society on a monthly basis. You may recognize your colleagues in the following list and we encourage you to welcome them into ASFMRA!
New Members:Calli Abbe in Moscow, ID (Idaho-Utah, Oregon, and Washington Chapters)Daniel Bott with Premier Citrus Management in Vero Beach, FL (Florida Chapter)Zachary Caenepeel in Columbia City, IN (Indiana Chapter)Jeanna Carnes with Farm Credit Mid-America in Clarkson, KY (Kentucky Chapter)Doug Cesky with MidAtlantic Farm Credit in Bel Air, MD (Northeast Chapter)Jamie Conley with Farm Credit Mid America in Somerset, KY (Kentucky Chapter)Alexis Cool in Logan, IA (Iowa Chapter)Loren Cronin with Cronin-Kennedy Appraisals, LLC in Pauls Valley, OK (Oklahoma Chapter)Patrick Dennis in Bloomington, IL (Illinois Chapter)Alycia Drwencke in Davis, CA (California and Michigan Chapters)James Finnell in Normal, IL (Illinois Chapter)Gregory Gonzalez with Scheid Family Wines in Salinas, CA (California Chapter)Sadie Hainzinger in Stillwater, OK (Oklahoma Chapter)Danielle Harris with Hancock Natural Resource Group in Boston, MA (Northeast Chapter)Julie Harris with Carolina Farm Credit in Statesville, NC (North Carolina Chapter)Caleb Haywood with Carolina Farm Credit in Asheboro, NC (North Carolina Chapter)Jeremy Heltsley with Farm Credit Mid-America in Hopkinsville, KY (Kentucky Chapter)Tony Kjolsing in Chaska, MN (Minnesota Chapter)Jack McCarthy with Gold Leaf Farming in Modesto, CA (Arizona and California Chapter)Chase Nelms with Farm Credit Services of America in Lincoln, NE (Nebraska Chapter)Cole Petersen in Clovis, CA (California Chapter)Victor Romano in Durango, CO (Colorado Chapter)Graham Smith with Cape Fear Farm Credit in Lumberton, NC (North Carolina Chapter)Shelby Smith in Pasco, WA (Washington Chapter)Brady Swier in Brookings, SD (Minnesota and South Dakota Chapters)Jake Wyles with Ag Management Group, LLC in Yakima, WA (Washington Chapter)Nick Wyles with Ag Management Group, LLC in Yakima, WA (Washington Chapter)
Share Your Experience - Make A Referral
You know first-hand what a great organization ASFMRA is and what it means to you both professionally and personally. We thank you for spreading the word, you are the driving force behind our continued growth! Talk to those you know who would benefit from ASFMRA’s educational offerings, networking, and meetings. Let them know your experiences of being involved in this great association and some of the business contacts you have made along with lasting friendships. Your peers listed below have done just that! They spoke to individuals about ASFMRA and those individuals have now become members of ASFMRA!Molly BrumbleyBonnie Downing, ARAChris Goss, ARAGwendolyn GunterJackson HegerfeldScott HoganRyan McKnightLexi MooreSkye Root, AFM, AACMelissa Sandlin, ARA
Thank you to all who have referred someone and in some cases, more than one, to join ASFMRA.
Make Your 2019 Education Foundation Auction Donation Now
It’s time to think about what you and your Chapter will be donating to the 2019 Education Foundation Auction that will be held on November 21, 2019 in Louisville, KY at the Omni Louisville Hotel. Remember, no item is too small or too large. Unique items from your area are always wanted. Here are some of the items that we have received as of this time –
The Indiana Chapter
has donated 2020 Indianapolis 500 Mile Race Tickets. This is two (2) tickets for the 2020 Indianapolis 500 Mile Race weekend which includes two race day tickets located in the paddock grandstand, two tickets for admission to Miller Lite Carb Day, two tickets for Legends Day, two tickets for admission to the garage area immediately following completion of the race, and a three day auto parking permit. You do not want to miss your opportunity to bid on this amazing racing package.Paul E. Moore, ARA, RPRA
has donated a stay at his and Beth’s Vacation Home situated on the banks of beautiful Lake Cumberland. This is for an amazing vacation for a maximum of six days and five nights to Paul and Beth Moore’s vacation home which has three levels with a balcony on each level! There are four bedrooms, three full baths, full kitchen, living room, recreation room with pool table, outdoor hot tub, and much more. What more could you ask for when you take a vacation? You do not want to pass this opportunity up for bidding on this great trip!
The Missouri Chapter
has donated a Stetson 30X Hat. Crafted in the original Gateway to the West from the Stetson factory in St. Joseph, MO. This 30X felt hat will set you off in style! You get to pick your size and color. Make sure you get your bid it on this early as you do not want to miss out on showing off what great taste you have!
Make your tax deductible donation to the Education Foundation Auction today by simply completing the Auction donation form
. Return the completed form directly to Hope Evans via e-mail at: firstname.lastname@example.org
Mark your calendar now – November 21, 2019 in Louisville, Kentucky and be part of this special event. Plans are being made and we need you to make the Auction a success again this year! We need your donations. The Education Foundation Auction’s success depends on you – ASFMRA members, Chapters, sponsors, exhibitors, and nonmember supporters.
Make your commitment for Auction items by October 22, 2019. Auction items should be shipped directly to the Omni Louisville Hotel to arrive no later than Tuesday, November 19, 2019. Please do not send your Auction items to arrive at the hotel more than three (3) days in advance – not to arrive before November 18, 2019 – due to the cost the hotel charges for storage.
If you have any questions concerning donations, contact Hope Evans directly at: 303.692.1216 or email@example.com
. THANK YOU for your generous donations and continued support.
Support the Education Foundation - Make Your Donation Today
You, the members, Chapters, companies, and sponsors support the Education Foundation of ASFMRA which makes the development of new education, rewrites of course material to stay on the cutting edge, support the Leadership Institute, and much more possible.NEW
seminars, due to your generous donations to the Education Foundation, will be offered at Education Week in Omaha, Nebraska July 17-24, 2019. A few of these NEW
seminars, thanks to your donations, include Cannabis Valuation, Drainage Tiles, Hog Confinement, and Alternative Management Strategies for Enhancing ROI.
You can make your tax-deductible contribution to the Education Foundation by one or a combination of the following:
- Make a donation to the 2019 Education Foundation Auction – simply complete the Auction donation form and return it to Hope Evans (firstname.lastname@example.org).
- Include a donation along with your dues invoice in any amount that you would like.
- Make a pledge of a one-time gift, monthly gift, annual gift, semi-annual gift, or consider an Endowment. Encourage your Chapters to make a donation.
- Make a donation in Memory of or in Honor of a deceased fellow member.
- Make a donation at any time throughout the year.
These types of donations can be a great way to show your support of the Education Foundation that has been beneficial to so many. Any expression of support is greatly appreciated, and as you know, your contribution is tax-deductible. Thank you!
Make the Most of Your Membership - Mark Your Calendar Now for Orientation
Learn about the benefits you receive from your ASFMRA membership through this informative meeting which will consist of a power point presentation and conference call. New Member Orientation meetings/calls are held on a quarterly basis. This is the perfect way to afford new members the opportunity to get together with ASFMRA Executive Council and ASFMRA Staff for an open/interactive forum to be briefed on ASFMRA meetings, education, and other opportunities. You will also have the opportunity to learn about other new members to the Society. If you are a new member, you will receive an email invitation which will contain a link for you to join the power point presentation and the call in information for you to participate in the conference call portion of the meeting. Join us to learn about the benefits you receive from your ASFMRA membership. The next scheduled orientation will be
- Tuesday, July 9, 2019, 9 am PT / 10 am MT / 11 am CT / 12 pm ET