Archive for April, 2008
April 30, 2008 at 5:01 pm
· Filed under Uncategorized ·Tagged Iowa farm realtors Land Institurte, Iowa farmland, land value
Iowa farmland prices have increased by an average of 18% during the last 12 months, according to the latest survey by the Iowa Farm Realtors Land Institute. The survey of farm real estate brokers was conducted around March 1 and results released March 19.
The survey shows an average increase of 11% for the six month period September 2007 to March 2008. “When that 11% is combined with the 7.1% increase we reported back in September, it shows a statewide average increase of 18.1% for the year from March 1, 2007 to March 1, 2008,” says Troy Louwagie, who helps compile the twice per year survey.
Louwagie, who coordinates the survey, is a realtor with Hertz Real Estate Services at Mt. Vernon. “These results show continuing strength in Iowa’s farmland market,” he says. “This was the highest dollar per acre number we’ve ever had, the second highest six-month gain and the third highest annual increase over the last 30 years since the survey began.”
While these are averages for the whole state, there are some individual sales of the highest quality farmland that have sold for as much as $7,000 to $9,000 per acre in the last month or so in Iowa.
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April 29, 2008 at 2:20 am
· Filed under Uncategorized ·Tagged view-tax bill
CONCORD – A move to create a new property-tax break for farmers ran into criticism in a Senate hearing.
The House passed the bill easily, with a two-thirds majority in February, despite concerns by the New Hampshire Municipal Association.
In a Senate Public and Municipal Committee hearing, NHMA ran through a list of problems it sees with the bill, HB 1442. The committee plans to continue the hearing later this month.
The bill would allow voters in a town to exempt the land beneath farm buildings from being assessed a view factor, commonly called the view tax, and would instead tax it under the current use program. Farm buildings, such as barns and sheds, would be taxed at their replacement value, not their fair market value.
State law now says that land under and around buildings cannot be put in current use, which can greatly reduce taxes on land of 10 acres or more.
Assessors say they have no choice under existing law but to apply view factors to properties that have buildings on them.
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April 29, 2008 at 2:14 am
· Filed under Uncategorized ·Tagged conservation easement, land value, orchard
The preservation plan, which would place the orchard under a conservation easement and manage it through a system of shareholders, now includes a 22-acre parcel on the west side of Gould Hill Road in Hopkinton. The project’s organizers say the land is important to the project for financial and symbolic reasons: It includes the pick-your-own area of the orchard, the land that visitors are most familiar with and that commands the most dramatic views.
Previously, the land under discussion was limited to a 58-acre parcel on the east side of the road that includes the white farmhouse, sales barn, orchard land and woods.
“The vision we’ve been talking about depends on the west side land,” said Susan Zankel, a member of Hopkinton’s Open Space Committee. “The farm will be most valuable if you have both sides of the road.”
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April 29, 2008 at 1:57 am
· Filed under Uncategorized ·Tagged auctioneer, bidding on land, Chuck Sutton
The land auction held at the Lake County Courthouse ran aground Tuesday afternoon when the principal buyer of the property near Lake Madison learned that the asking price had doubled since his last meeting with the county commission.
Chuck Sutton, a local auctioneer working for the county, had opened the bidding for 9.93 acres between SD-19 and Lake Madison at $112,000, the average of three estimates performed to determine the land’s value. The auction — held in the commissioners’ meeting room for about a dozen people — soon closed when Sutton did not receive any bids for land that was previously declared as surplus.
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April 29, 2008 at 1:45 am
· Filed under Uncategorized ·Tagged ARPRA, ASFMRA, buy land, real estate, sell land
ASFMRA Accredited Real Property Review Appraisers are needed when:
- Real property is being purchased, sold, or tradedReal estate planning is being conducted
- Real estate taxes are increasing
- Land could be placed under a conservation easement with tax credit
- Divorce proceedings have rendered two conflicting values
- A partnership or entity is being divided
- Condemnation actions is taken against a property
- An owner does not know how to select the appropriate appraiser
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April 28, 2008 at 7:40 pm
· Filed under Uncategorized ·Tagged Accredited Farm Manager, AFM, land values, sell farm, sell rural land
ASFMRA Accredited Farm Managers (AFM) are educated to:
The AFM must help determine clear objectives and assess risk-taking ability, while educating the owner on critical cycles of timely farm management practices. The current farmer’s management priorities and maximization of all existing resources are evaluated and the AFM objectively reports how well the land is being cared for, and “who’s minding the farm,” so-to-speak, making recommendations for improved operation.
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April 28, 2008 at 7:19 pm
· Filed under Uncategorized ·Tagged ASFMRA, land appraisal, land values, sell land
ASFMRA, headquartered in Denver, Colorado, has 2,200 professional members whose services include professional farm and ranch management, property valuations, and rural property consulting services. While you may not currently know who to ask for what, it is vital that you talk to educated, accredited professionals.
“Agriculture is what we do every day of the year,” says ASFMRA Accredited Farm Manager Ray Brownfield, from Illinois. According to Brownfield, “We have the most up-to-date information on the ever-changing factors of farm management. In all categories of rural property management, ASFMRA literally sets the standard.”
In addition to the indisputable knowledge and experience of individually accredited experts is the benefit of their expansive network nationwide. This invaluable sharing of insights among the membership translates to invaluable information for forecasting future business and farming cycles.
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