The stakes of farmland ownership have never been higher with record land values, stronger rents, biofuel's influence, changes to the government Farm Program and updates to the tax code.
Non-operator landowners, and those considering purchasing farmland, are invited to attend a workshop Aug. 21 in Des Moines, Iowa, to learn about the financial aspects of land ownership. Workshop topics include key indicators for commodity price direction, profit potential of alternative lease types, formula to managing a cash-rent lease, impact of new farm bill and profit opportunities for the future.
Disparities in cash rental rates
Farmers National Company, the largest farm management firm in the United States, is hosting the 2008 Landowner Workshop, titled, "The Keys to Profitable Land Ownership." Farmers National has been providing workshops for non-operator landowners for more than 30 years.
"Now more than ever it's important for landowners to stay abreast of what's happening in the market," says Jim Farrell, president of Farmers National. "For example, we are seeing significant disparities in cash rent rates between similar farms which is a sign that some landowners aren't aware of the true value of their land."
You are urged to pre-register now
As a way to get the next generation involved, current clients of Farmers National and their children can attend the workshop at no cost. The Landowner Workshop will be offered August 21 from 9 a.m. to 3:50 p.m. at the Sheraton West Des Moines, 1800 50th Street, West Des Moines, IA.
Registration begins at 8:30 a.m.
Over 1,400 landowners attended Farmers National Company workshops last year. Seating is limited and pre-registration is suggested. For information or to register, call 800-346-2650 or visit www.farmersnational.com/Landowner_Workshops. Cost for registration is $15 in advance and $20 at the door.