Browse Tag: rli

USDA Land Values – A Comprehensive Report

The role that agriculture plays in the US economy is enormous, owing in part to the fact that the US is by far the largest exporter of ag products.  As a critical sector in commercial real estate, agriculture receives a great deal of attention from federal government econometric researchers, which gives ag land investors and market watchers a wide range of data to use.  But what are the leading indicators (predictive of future price moves) and what are the trailing indicators (numbers that follow motion in other numbers)?  What’s cause and what’s effect in this marketplace?

As if to answer the question by trying to answer *any and all* questions under the topic’s umbrella, the US Department of Agriculture (USDA) publishes a mountain of data concerning the agricultural land market, and it’s available for free.

Beginning with the National Agricultural Statistics Service’s publication, Land Values 2015 Summary , investors can learn recent histories in farm land value by state, broken down by irrigaged and non-irrigated land as well as by a host of other types.

It’s a great starting point to explore the relationships between land prices and the prices of agricultural products, as well as the phenomena of inflation, agricultural land speculation and interest rate policy as they apply to this giant sector of the national commercial land market.

RLI Educational Tracks Are Available

The REALTORS Land Institute (RLI) is ready to help professionals navigate the ins and outs of the agricultural land marketplace with continuing education and conferences focusing on this sector, including the upcoming National Land Conference in Dallas, March 11. Learn more at RLILand.com

LANDU Education Week

 

landu1

Are you working toward the prestigious Accredited Land Consultant (ALC) designation? There’s no better time than this month to come to Chicago to pick up all three required courses and all three electives.   Additionally, three courses on the track for ALCE Advanced designation are on offer.

The dates are set for June 22-30. Check out an ALC information page on ALC Education Week here.

Register here. 

 

Enhanced by Zemanta

REALTORS® Land Institute Honors 2013 Award Winners

 

farm land

 

Accredited Land Consultants (ALCs) are more than just land professionals, they are the most accomplished, experienced, and highest performing land experts across the country. They specialize in agricultural land, timberland, ranch, and recreational properties, or vacant land for developments. More information.

 

The REALTORS® Land Institute named the award winners for the 2013 Outstanding Chapter of the Year,  the 2013 Excellence in Instruction awards, and the 2013 ALC-to-ALC Networking awards, at the 2014 National Land Conference in Charleston, SC, on March 12-14. The awards are an honor among the REALTORS® Land Institute and prestigious Accredited Land Consultant (ALC) professional community.

 

And The Award For Outstanding Chapter Of The Year Goes To…

 

The Institute recognized the Iowa Chapter #2 of the REALTORS® Land Institute as the recipient of the 2013 Outstanding Chapter of the Year award. This honor recognizes a chapter that has demonstrated excellence and creativity in member retention, education, volunteering, technology, outreach, and collaboration. The Iowa Chapter is known for “doing it all” and “doing it well.”  The award was accepted by Kyle Hansen, ALC, 2013 Chapter President; Terry Pauling, 2014 Chapter President, and Molly Suarez, Chapter Administrator.

 

The Excellence In Instruction Award Goes To…

 

The 2013 Excellence in Instruction awards honored Randy Hertz, ALC Advanced, and Jim Miller, Esq. Both LANDU instructors bring quality, timely, and accurate information to their students. By updating courses and providing up-to-date technology and discussion on current industry laws, they capture the true spirit of businessmen who share and believe in the importance of knowledge and professional development.

 

The ALC-To-ALC Networking Awards Go To….

 

The ALC-to-ALC Networking awards recognized Accredited Land Consultants (ALCs) with the most lucrative peer collaboration during 2013. The deals are a clear indication of increased productivity and business expansion from networking among ALCs. Murray Wise, ALC, and Ben Crosby, ALC, won both the 2013 Largest In-State ALC-to-ALC Transaction by Sales Volume, and the 2013 Largest In-State ALC-to-ALC Transaction by Total Acreage.  The Largest National Referral for an ALC-to-ALC Transaction by Sales Volume was awarded to Randy Hertz, ALC Advanced; Terry Rupp, ALC, and Troy Louwagie, ALC. The final award, the ALC-to-ALC Networking Award for Overall Collaboration, was presented to Ben Crosby, ALC; Squire Smith, ALC; Clay Taylor, ALC; and David Hitchcock, ALC Advanced.

We offer congratulations to the winners and look forward to coming years of top-notch work from the RLI members.

(Photo credit: wangkai)

 

Enhanced by Zemanta

Drought Fueling Surge In Farmland Prices

Drought
Source: CNN

On top of a doubling over the last five years, plains states farmland prices have risen 26% in the quarter ending June 30.  Current drought conditions are slowing the market down somewhat, but what’s the long-term picture for agriculture?

A report of survey published this week by the Kansas City Federal Reserve Bank  noted that farmland values across its region rose less than 3% versus the prior quarter, half the rate seen earlier this year. More than 75% of the survey’s respondents expected farmland values to stay roughly flat for the rest of the growing season, which ends in early fall.

RLI President Ray Brownfield of the John Green land company spoke on This Week In Agribusiness on land values and cash rates:  Right now land values are strong with buyers, and if the drought stays as a one-year effect, the long term putlook is good. Ray also mentions seeing 1031 transactions bringing nonfarm interest  –  new investors for smaller tracts.  Want to get started and understand th einevenstment in agriculture.

In the KC Fed report, Nebraska reported the biggest gains, land values for nonirrigated land climbing 37% from a 2011 and irrigated land gaining 35%. Missouri, especially hard-hit by the drought and has little irrigation, saw the value of its farmland climb only 18.6%.

Ian Berry reports:

Much of the Fed district has a relatively dry climate conducive to wheat farms and ranches, although irrigation and improved seed technology has in recent years boosted the amount suitable for corn.

Ranchland values have continued to lag behind land used for crops, as the higher feed costs and lack of pastureland due to the drought has hurt ranchers’ margins. The Fed reported ranchland values in the district, which also includes Colorado and Wyoming, were up 16.2% versus a year ago.

Enhanced by Zemanta

Agricultural Land Brokerage Course Announced By REALTORS® Land Institute

Education Program at Realtors Land InstituteAs part of its Land U program, REALTORS® Land Institute has announced its Agricultural Land Brokerage and Marketing Hybrid Course.  This is one agricultural hybrid not related to a crop: the no-travel course focuses at two subjects at once: land brokerage and land marketing.

Trillion Dollar Market

The agricultural investment land market is estimated at a trillion dollars.  This RLI course delivers the knowledge it takes to work this market, and more:

“To tap into this market, the land professional needs to know what market forces impact the value of agricultural land; the importance of soils and how they determine the highest and best use of the land; why land is an investment that attracts investors from around the world; how to analyze the income potential of agricultural land and estimate probable selling prices and costs; and how to market properties through online, print, electronic media, and RLI marketing sessions.  This course counts as an elective toward earning the Accredited Land Consultant (ALC) Designation. ”

How To Register

Once you’ve registered, all you need to take the course is a computer and a phone.  Check out the details of the RLI Agricultural Land Brokerage and Marketing Hybrid course at RLILand.com.