LAND & FARM NEWS. Viva Las Vegas!! 2013 Land Values Conference

Transcription

1 LAND & FARM NEWS April 2013 A Publication of the Illinois Farm & Land Chapter of the REALTORS Land Institute Viva Las Vegas!! The National Land Conference in Las Vegas was a huge success! With over attendees, this was one of the largest and most well-attended conference in RLI History. The Illinois Chapter was well represented by Ray Brownfield, Dave Klein, Dan Flanagan, Mac Boyd, Mark Goodwin, Winnie Stortzum, Gene Curtis, Luke Worrell, Dan Bock, Monte Van Kooten, Tim Kellog and Keith Waterman. Highlights of the conference included an encouraging presentation by Mark Dotzour, PhD, an economist from Texas A&M who provided a surprisingly upbeat prediction for the U.S. economy in Brent Gloy, PhD of Purdue provided an interesting assessment of the fundamentals of current farmland values including a detailed analysis of whether the fundamentals are likely to lead to higher values. The Cowboy Auction was a huge success, raising over $27,000 for RLI's education and membership programs. All new ALCs were inducted at the Awards and ALC Induction luncheon, including our own Luke Worrell. Attendees were certainly the big winners this year! 2013 Land Values Conference The annual Illinois Land Values conference was held March 13th-14th, 2013 at the Parke Hotel and Conference Center in Bloomington. This was one of the most well-attended Land Values conferences in recent history, with 140 people in attendance. With the recent news coverage about farmland values, there numerous representatives of the press in attendance. The results of the annual survey were certainly newsworthy, with excellent quality Illinois farmland value sup 21% year over year and good quality farmland up 17%. Farmland values are up a cumulative 65% over three years. Cash rents have increased in a similar manner, with cash rent on excellent quality farmland now averaging $447/acre for the highest third of rents. This event is co-sponsored y our friends at ISPFMRA. We thank everyone involved in helping organize this event. One of the highlights this year was a presentation by Steve Elmore, Global Economics Director, DuPont Pioneer provided a fascinating look into the world's ag economy. Mr. Elmore provided a detailed analysis of the fundamentals driving demand for agricultural commodities worldwide, and the potential impact of some of those factors on land values.

2 ANNOUNCEMENTS WELCOME NEW MEMBERS Roger Leach US Bank Farm Management, Springfield Robert Randolph Jim Maloof Realtor, Chillicothe Shannon Gaunt Jim Maloof Realtor, Morton Bill Barrett Barrett Brummel, Chenoa Terry Pauling Peoples Company of Indianola, Indianola, IA Membership Renewal Reminder If you have not already done so please remember to renew your membership for Please also remember that you must renew both your state and national membership individually - dues for state and national are billed separately. Current Chapter members are listed in this newsletter. REMINDER. You can upload a picture to your profile information at It s free and just another one of the many benefits of belonging to the IL Farm & Land Chapter of RLI. Grow Your Business by Volunteering to Serve on a Committee in 2013 The Illinois Farm & Land Chapter of RLI is looking for people who would like to become more involved in the Chapter and serve on a committee in In order for the Chapter to be effective, grass roots support is needed. By joining together, we can make a more effective organization that benefits all members. There is so much to be gained by networking! If you are interested in serving on one of the committees, please contact the administrator at jillbernahl3@frontier.com or or contact one of the officers. Awards Bylaws/Strategic Planning Communication Contracts & Listing Agreement Education Legislative & Governmental Affairs Membership Nominating Auction Contract Task Force Sponsorship Program Task Force

3 Calling All Frackers... The Illinois Association of REALTORS is forming a task force to discuss the potential impacts and proposed responses to issues related to fracking and horizontal drilling. The task force will listen to speakers from the industry and regulators and discuss issues related to property and mineral rights, land-use, valuation, disclosure, ground leases, the role of the practitioner, etc. If you have familiarity or experience with this issue and would like to be considered to serve on the task force, please contact Sharon Gorrell with the Illinois Association of REAL- TORS. Her is sgorrell@iar.org and phone number is While final meeting dates and times have not been established it is estimated that the commitment would be between 3-5 meetings in which some will be held via conference or webinar. REALTORS Land Institute is pleased to announce that the official 2013 RLI Membership Directory is hot off the electronic presses. This electronic member benefit is available through the Members Only section of the website at Below are directions for accessing this area: Login at Select the For Members Dropdown tab, then 2013 Member Directory For those desiring a spiral bound hard copy of this Directory, orders will be taken through March 5. The cost per hard copy is $19 which includes shipping. Attached is the form to complete and return to rli@realtors.org or via fax to As seen on the form, Directory hard copies may also be ordered by visiting the General Store of the website at We hope you enjoy using this tool to help you connect with colleagues and make deals. Mark Your Calendars! July July October 10 LandU Education Week, Chicago, NAR Building ASFMRA Summer Education Week, Omaha, NE IL Farm & Land Chapter Annual Meeting, Doubletree Hotel, Bloomington, IL

4 Advertising and Sponsorships Want to see your Name/Company Here? Check out our Sponsorship program at

5

6 2013 IL Farm & Land Chapter of RLI Membership As of April 23, 2013 Lowell Akers Dwayne Anderson, ALC Dale Aupperle Ryan Aupperle Bill Barrett Brent Bidner Norm Bjorling Daniel Bock, ALC Jay Bower, ALC Frank Bowman Mac Boyd, ALC Janet Branton Mark Breeden Kathy Bright, ALC Ray Brownfield, ALC Mark Brummel Scott Brummel Dale Clary, ALC Chris Conerty John Conerty Gene Curtis, ALC Bernard Curvey, ALC Douglas Deininger, ALC James Erlandson, ALC Steve Farr Dan Flanagan, ALC James Flanigan Mark Goodwin, ALC Thomas Harding Timothy Harris Dick Heinz Joel Hertz, ALC Russ Hiatt Richard Hoffman Bruce Huber Gerald Huffman, ALC Donald Jacobs Mark Janko Scott Johnson Chip Johnston Tim Kellogg R. Edward Kiefer David Klein, ALC Kenneth Kophamer

7 Kent Kraft Michael Lauher Roger Leach Craig Leake Jeff Lee John Leezer, ALC Paul Marsh, ALC Porter Martin, ALC Joseph McConville Richard McConville, ALC Bruce McIntosh Chad Michel Mark Mommsen Ernie Moody John Moss, ALC LeeAnn Moss, ALC Robert A. Nelson Terry Pauling Scott Pumroy Robert M. Randolph Douglas Ray Steve Relander Dean Robinson Mervin Roth Dawn Shipman Winnie Stortzum, ALC Brian Swartz John Tammen Reid Thompson Monte Van Kooten Candy Vaughan Bonnie Lynn Verbarg Jeffery Waddell, ALC Jerry Wallace, ALC Keith Waterman, ALC David Watterson Lawrence Weitekamp Eric Wilkinson Debra Windish Steven Wirth, ALC Murray Wise, ALC Allan Worrell, ALC Luke Worrell

8

9

10 Benefits of RLI Membership As the essential professional membership organization created for and by land real estate experts, the REALTORS Land Institute provides its members with valuable membership benefits, from referral opportunities to discounts and special services. Those members who hold the Accredited Land Consultant (ALC) designation receive a premium level of benefits. Membership benefits include: Access to a national network of land professionals who share a deep commitment to the land specialty Inclusion in a professional group dedicated to building relationships, building knowledge, and building business Opportunity to earn the Accredited Land Consultant (ALC) designation, which demonstrates the highest levels of professional competence, expertise, and achievement Core education through the organization's LandU curriculum, as well as on-going professional development programs delivered through a variety of channels, from online to in person Legislative advocacy and a voice in Washington through the National Association of REALTORS Invitations to participate in education and networking meetings and conferences, including the RLI National Land Conference and the National Association of REALTORS annual events Member-to-member networking that results in open and candid information exchange and increased productivity An array of information and resources on land and real estate trends Individual online Member Profiles on the organization's web site that increase market exposure Strategic alliances with related organizations that expand members' professional reach and visibility Participation in Partner and Sponsor Programs that provide discounts with publications, information resources, and other business service providers Strong chapter organizations that promote knowledge sharing and business development at the local level On-going print and electronic communications that keep members current on the latest organizational activities including the TERRA FIRMA, the award winning newsletter of the organization Awards programs, such as Land REALTOR of the Year, that recognize outstanding achievement and professionalism Leadership opportunities on both the local and national levels

11