How Long Will Record High Land Values Last?

How Long Will Record High Land Values Last?

Summer conference in Des Moines July 26 will address issues facing absentee and non-operating landowners.

The last three years have been some of the most exciting and profitable times in agriculture. Land values have almost doubled since 2009. Cash rental rates in Iowa saw another record high in 2013 as the state average cash rent reached $270 per acre.  How long will these record times last? That is unknown, but landowners and investors are all extremely interested to see where the current agriculture business environment is headed. 

ISSUES FACING LANDOWNERS: The age of the landowner is increasing, but so are the expectations from heirs, outside investors and large farm operators," observes Mark Gannon, owner of U.S. Farm Lease at Ames. "Our This Land is Your Land Conference is intended to assist landowners in making sound decisions concerning their land, while continuing a profitable and enduring landlord-operator relationship."

To help answer the questions landowners and investors may have, US Farm Lease and  Gannon Real Estate, of Ames, Iowa have put together their 3rd annual This Land is Your Land Conference, to be held Friday, July 26 from 8:00 am to 5:00 pm at the Meadows Events Center at Prairie Meadows in Altoona, Iowa. "This one of a kind seminar focuses the entire day to fit the needs and interests of landowners specifically," says Andy Mullan, who works for U.S. Farm Lease and helps organize the event.

The day-long conference will cover a number of the opportunities and challenges that are affecting landowners today and into the future. Topics discussed at the conference will address not only national issues, but also issues and information that affect Iowa landowners specifically. "We've lined up a great group of speakers," says Mullan. "They include Mike Duffy, ISU Extension ag economist; Robert Hodges, attorney with the BrownWinick law firm, and keynote speaker Iowa Secretary of Agriculture Bill Northey."

Generational shift is occurring in farmland ownership, rental and management

Mark Gannon, president of US Farm Lease & Gannon Real Estate, has worked in farm management, brokerage and lending for over 30 years. He says, "The farmland environment is changing with high land values and increasing cropland rental rates. There is a generational shift in farmland ownership occurring and an increasing percentage of farmland today is owned by non-operators or the elderly."~~~PAGE_BREAK_HERE~~~

"The age of the landowner is increasing, but so are the expectations from heirs, outside investors and large farm operators," says Gannon. "Our This Land is Your Land Conference is intended to assist landowners in making sound decisions concerning their land, while continuing a profitable and enduring landlord-operator relationship."

To register for the conference the cost is $75 for the first attendee of the group and $50 for the second attendee. Breakfast, lunch, and refreshments are included.  Additional information is available at the US Farm Lease website. Space is limited for the conference. To register, call US Farm Lease at 877-232-4002 or email [email protected].

Conference will address issues facing absentee and non-operator landowners. Topics to be covered at the July 17 conference:

* Special Presentation: Farm Drainage & Water Management, Phil Algreen, Agridran, Adair, IA; Land Values in Iowa, Mark Gannon, Gannon Real Estate & US Farm Lease, Ames, IA.

* Morning Breakout Session: Beginning Farmer Tax Benefits--Steve Ferguson; Self Directed Real Estate IRAS, Mark Gannon; and Soil and Water Conservation Options/Responsibilities; Real Estate Planning, Robert Hodges, BrownWinick law firm, Des Moines, IA; Farmland Ownership Trends & Land Values; Mike Duffy, ISU Extension, Ames, IA; Keynote address, Bill Northey, Iowa Secretary of Agriculture, Des Moines, IA; Farm Leasing Update, Jeff Winslow, Gannon Real Estate & US Farm Lease, Ames, IA.

* Afternoon Breakout Session: Farm Tax & Estate Planning – Robert Hodges; Landowner Investment Options Panel – Jim Harvey, Jim Thompson, David Strege;

Farm Operation Options other than Traditional Corn/Soybeans – Teresa Opheim; Productivity & Technology Update; Dan Frieberg, Premier Crop, Des Moines, IA. The final item of the day will be a special announcement for conference attendees.

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