Land
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Rural Farm Economics Improve
Creighton University produces a monthly rural main street economic report based upon a survey of bankers in an 11 state area which comprises most of the corn belt. This survey gives a good picture of where the local farm economy is headed. In the latest report, the highlights are as follows: The farmland-price […]
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Farmland Values Are Up in Kansas City Region
The Federal Reserve Bank of Kansas City puts out a quarterly review of credit conditions in their region. This region covers Kansas, Missouri, Nebraska, Oklahoma and most of the Mountain States. I try to give you a recap when it comes out since the information is both timely and interesting. The most recent report for […]
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Good Farmland in Iowa Down 7% Year-over-Year
The most recent AgLetter from the Federal Reserve Bank of Chicago indicated that good farm land in Iowa decreased about 7 percent from the third quarter of 2008. The average decrease for the five state region was 4%. The good news that the price of good farm land increased by 2% over the second quarter […]
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Stable Land Prices – Maybe, but How Long
The University of Illinois had a recent October article on how land prices for Illinois had held steady from January 1, 2008 to January 1, 2009. Prices for both years were slightly more than $4,500 per acre. This contrasts with prior year increases. Between 2003 and 2008, the average price per acre grew by $2,120 or […]
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Fourteen Years to Pay Estate Taxes
For 2009, a taxpayer can leave an estate of $3,500,000 tax free to his/her heirs. They can also leave an unlimited amount to their spouse. With proper planning, this means that most farm families will be able to shelter $7,000,000 or more in farmland values from the estate tax. A benefit that the IRS provides […]
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Farmland Values Hold Steady, But Credit Conditions are Deteriorating
After two years of steep increases, it appears that farmland values are either flattening out or starting to drop, according to the Federal Reserve Bank of Kansas City. For example, Nebraska farmland values fell in the third quarter compared to a the third quarter of 2008 by about 5%. The regional change was slightly lower […]
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Living With A Wind Turbine in Your Back Yard
Most of the wind turbines located in the United States are probably located on farm land or near farm land. DTN – The Progressive Farmer just posted a recent article on “living in the shadow of wind generators”. This posting had several points regarding putting wind turbines on your land. Some of the key thoughts […]
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Cropland values drop 3.9% in 2008
The USDA issued a report on Land Values and Cash Rents for January 1, 2008 to January, 1, 2009. This is a highly detailed report that summarizes the changes in land values and cash rents by region for calendar year 2008. Some of the highlights are as follows: Average cropland […]
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ACRE To Be or Not to Be
For many farmers, the new Average Crop Revenue Election (ACRE) program is about as easy to understand as learning a new language for the first time. I have read several articles and listened to a couple of slide shows on the program. You have until mid-August to make up you mind regarding the election for […]
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Defer Your Land Sale into 2010 Today
My partner Scot and I have a 1031 exchange company that handles many tax-deferred exchanges each year. About this time of year I like to remind our clients that they may be able to sell their land or real estate for cash, yet defer paying the tax on the sale until 2011. Here is how […]