The 2013 ISPFMRA Summer Tour is coming up! The tour will hit the Effingham and Shelby area on August 15th and 16th. The tour will include visits to Willow Ridge Vineyards and Winery, the Holland Energy Natural Gas-Fired Generating Plant, the Siemer Milling Flour Mill, and the Lake Shelbyville Dam & Water Management Program. Get a Summer Tour registration form and agenda here. Here's a listing of the agenda: Wednesday, August 14 Income Approach Applications Seminar This … [Read more...]
2013 Illinois Farmland Values & Lease Trends
March 14, 2013 by Leave a Comment
The Illinois Society of Professional Farm Managers and Rural Appraisers has released its 2013 report on farmland values in Illinois agriculture. A few highlights: Grain Prices Mother Nature slashed corn and soybean yields in 2012 which resulted in skyrocketing grain prices. $7.00 to $8.00 per bushel corn and $15.00 to $18.00 per bushel soybeans were significant and offset much of the yield drop. Net Farm Income Farmland truly is what it earns! Net farm income across Illinois was stable to … [Read more...]
2013 Illinois Land Values Conference
February 15, 2013 by Leave a Comment
The 2013 Illinois Land Values Conference is coming up quickly! It will be held March 13-14 at the Parke Hotel and Conference Center in Bloomington. The March 14 activities will be open to the public. (Pre-order a copy of the 2013 Statewide Land Values Report here.) “The conference will be an all-morning event and will be packed with useful information for Illinois farmers and landowners,” says Dale Aupperle, AFM, ARA, overall chairman of the event. “We are focusing on statewide land … [Read more...]
Mid-Year Land Values Snapshot
September 2, 2012 by Leave a Comment
The value of farmland across Illinois continues rising, and while the rate of increase has slowed somewhat, prices are expected to continue upward, according to the Mid-Year Land Values snapshot survey conducted by the Illinois Society of Professional Farm Managers and the University of Illinois. (Download the report in PDF form.) The survey was conducted among membership of the Society with tabulation and results summarized by Gary Schnitkey, Ph.D., a professor and farm management specialist in … [Read more...]
2012 Land Values Report
July 11, 2012 by 2 Comments
The 2012 Land Values Report from the ISPFMRA is available! Here's a peek at what we found. Land prices and returns to farmland leases have continued their strong move up, uninterrupted now for a several year run, hitting new highs almost month by month. Just a year ago, a look back at 2010 indicated excellent to good farmland had hit $8,000 to $9,000 an acre. Last summer’s mid-year survey indicated land values had moved up 10 percent to 15 percent during just the first six months of 2011, … [Read more...]
Summer Tour 2012
June 25, 2012 by 1 Comment
Join us on the ISPFMRA Summer Tour 2012! Events include University of Illinois Agronomy Day, a crop production technology update, and a tour of the University of Illinois Ag Library. Download the agenda and registration form for details. If you register by August 6, you get the earlybird rate of $80. … [Read more...]
Hicks Named to Hall of Fame
April 9, 2012 by Leave a Comment
Jerry R. Hicks, AFM, partner and treasurer of Agrivest, Inc., Springfield, IL, was inducted into the Illinois Society of Professional Farm Managers and Rural Appraisers’ Hall of Fame during the organization’s annual meeting held here recently. “Jerry epitomizes all the good things that come to mind when you think of the finest attributes of a member of the Society,” said Bret Cude, AFM, immediate past-president of the organization, in presenting the award. “He has been very active … [Read more...]
30 Facts about Illinois Farmland
April 9, 2012 by Leave a Comment
Here are 30 facts culled from the 2012 Illinois Land Value report. 1. Both Land Values and Lease Trends continue higher into 2012, and are expected to stay strong as long as crop income levels hold or increase. 2. Price and rent levels both increased steadily through 2011, and consistently among different productivity classes of land and regions of the state. 3. Land values maintain support from investment capital seeking alternatives to other financial assets. Among major issues are … [Read more...]
Illinois Farmland Values Rise Again in 2012
April 9, 2012 by 1 Comment
The prices being paid for farmland across Illinois continue their upward spiral with the tops being in the $10,000 to $13,000 per acre range across the state. This is according to the 2012 Farmland Values and Lease Trends Report released today by the Illinois Society of Professional Farm Managers and Rural Appraisers at its annual Land Values Conference. The top price of $13,000 per acre was for a November 2011 sale of 37.7 acres in Christian County. The property was listed as having … [Read more...]