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House Farm Bill Fails to Pass Last Friday morning, the House of Representatives failed to pass H.R. 2, the House Farm Bill by a vote of 198 -213. Thirty Republicans joined 183 Democrats in voting against the bill. No Democrat voted for passage. The bulk of the Republicans voting against were Freedom Caucus members who insisted on a vote on the Rep. Goodlatte (R-VA) immigration bill before voting on the farm bill. They made this request Thursday evening as debate on the farm bill drew to a close.  See How Your Member Voted During House floor consideration the McClintock amendment to phase out commodity and crop insurance programs was defeated by an overwhelming ...
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In House, 'A Lot of Undecideds' on Farm Bill While ready to move on the farm bill, House Republican leaders are giving Agriculture Committee Chairman Michael Conaway time to persuade “a lot of undecideds” to vote for tougher work requirements for SNAP recipients and looser subsidy rules for farmers. A sizable number of Republican lawmakers say Conaway wasn’t tough enough on either group and want to tighten the access to federal support. Majority Leader Kevin McCarthy listed the farm bill for consideration this week but placed it last of three bills for debate. The House Rules Committee, the gatekeeper for floor action, says it will spend two days — Tuesday ...
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ASC Denies TriStar Waiver Request The Appraisal Subcommittee (ASC) unanimously rejected, by voice vote, a temporary waiver request from TriStar Bank of Dickson, TN, during a special meeting April 23 in Washington. ASFMRA President David GaNun, ARA had provided comments to the ASC urging the subcommittee to reject the waiver request from TriStar Bank. The Committee determined that no appraiser shortage existed in the area, nor that appraisals were untimely prepared during the time period submitted by Tristar Bank in its waiver request. More News: ASFMRA Joins 64 Other Organizations Urging No Cuts to Crop Insurance House to Take Up Senate Bill ...
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Farmland Buyers Hold Line on Leverage Farmland buyers in the western Corn Belt continued to show restraint on debt financing in 2017. That restraint provides stability to the farmland market during this correction. The table below shows the debt restraint. It is compiled by Farm Credit Services of America (FCSAmerica), which is the dominant ag lender in Iowa, Nebraska, South Dakota and Wyoming. While the data speaks only to FCSAmerica, we suspect it is representative of other Midwestern farm credit associations. The data, provided by Jim Knuth, senior vice president with FCSAmerica, shows the steady restraint on leverage for farmland purchases during ...
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Texas Chapter Releases Rural Land Value Trends 2017 JUNCTION, TX- In keeping with tradition the Texas Chapter of the American Society of Farm Managers and Rural Appraisers released its 2017 edition of Rural Land Value Trends at the Annual Outlook for Texas Land Markets hosted by the Real Estate Center.  This year’s report was presented to over 400 attendees at the conference. Full Press Relea
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AMERICAN SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS’ EDUCATION WEEK FEATURES NEW CONTINUING EDUCATION SEMINARS FOR APPRAISERS Glendale, CO – April 26, 2018 – The American Society of Farm Managers and Rural Appraisers® (ASFMRA®) will return to Des Moines, Iowa this year, with three new appraisal seminars. Education Week is ASFMRA’s premier event aimed at providing education for licensure, accreditation and continuing education. This year’s event is slated for June 24 – 29, 2018 at the Des Moines Marriott Downtown. Full Releas
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The Ag Economy Decline is Over, But the Recovery is Slow For the third year in a row, U.S. net farm income will be steady at roughly $60 billion, half of the peak of 2013, says the University of Missouri think tank FAPRI in a forecast for 2018 that also sees continued stress on farm finances in the years ahead. A modest increase in corn, soybean, and wheat prices in 2019 will put income on a gradual year-after-year incline. While austere, FAPRI’s long-term outlook is sunnier than USDA projections of relatively flat farm income for the next decade. “Longer term, farm income strength probably requires some new demand pull,” says FAPRI Director Pat Westhoff. ...
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GELNDALE, CO- The number of chapters of the American Society of Farm Managers and Rural Appraisers releasing Land Trends reports has grown as has the demand for them.    Full Releas
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ASFMRA Comments to ASC Regarding TriStar Waiver Request ASFMRA President Dave GaNun, ARA submitted comments to the Appraisal Subcommittee regarding its upcoming hearing to determine whether to waive certification and licensing appraisal requirements in Tennessee based on the request from TriStar bank of Nashville, TN. The ASC hearing is set for April 23rd, in Washington D.C.  ASFMRA Comment Letter TriStar Waiver Request More News: House Agriculture Committee Releases 2018 Farm Bill draft HR 2 Crop Insurance Provisions Farm Managers Touch Land, Lives, Legacies Bayer Reaches Deal with U.S. for Deal to Buy Monsanto Good Decade ...
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4 Drags on Farmland Values The average value of farm real estate increased by 47% between 2009 and 2017, according to the 2018 U.S. Baseline Outlook compiled by Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri. Average U.S. farmland values are expected to soften over the next decade. Analysis from FAPRI shows the average value of farm real estate to decline slightly—to $3,002—between 2017 and 2021. What is keeping farmland prices under pressure? Here are four key factors to watch. The Four Factors More News: How do Agricultural Economists View Possible Trade War? Farmland Sale Snapshot: 3 Recent Sales ...
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FY 2018 Appropriations Finally Completed Even though Fiscal Year (FY) 2018 started on October 1, 2017, Congress just completed, and President Trump signed, the FY 2018 omnibus appropriations bill in late March. The $1.3 trillion spending bill funds the government through the end of September 2018. The bill passed both the House and Senate with bipartisan support (256 – 167 and 65 – 32, respectively, see roll call links below). The omnibus bill contains no provisions detrimental to crop insurance, commodity, or conservation programs. The bill formerly authorizes the reorganization of USDA proposed by the Trump Administration with the creation of the office ...
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FOR IMMEDIATE RELEASE March 28, 2018 Contact: Bill Shannon Tel: (870)-933-9700 bshannon@farmersnational.com   JONESBORO, AR- What is happening with farmland values and a general overview of agriculture in the Mid-South is the subject of a totally new publication, Mid-South Land Values and Lease Trends Report, just released by the Mid-South Chapter of the American Society of Farm Managers and Rural Appraisers.   “This is a critical report for anyone wanting information on trends in land values and lease trends,” says Jon Plafcan, ARA, AgHeritage Farm Credit Services, Lonoke, AR and current president of the Mid-South Chapter. “The information ...
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Five High-Tech Farming Trends What one generation sees as a luxury, the next sees as a necessity," said Anthony Crosland, British Labor Party politician and author, in his most cited sentence. History has shown this to be true: One need not look further than cell phones, televisions, hand-held devices and computers, for starters. Then look at how living conditions and diets have changed, as societies have become more affluent. Dr. Lowell Catlett, a popular speaker and retired regents professor and dean emeritus from New Mexico State University, says achieving significant increases in meat production will require “continued applications of new and emerging ...
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Looking Beyond Graduation Are you graduating this year?  If so, you should read about some of your options when it comes to careers, employment opportunities, salaries and work life balance.     ASFMRA provides education, ongoing training, networking and advocacy for farm managers, rural appraisers and agricultural consultants.    Anyone of these careers can provide you with a great lifestyle and good income, depending upon your years of experience.    And the best part?    Flexibility in terms of hours, you get to work with great clients, you will have a variety of challenges and responsibilities, you get to be outdoors (not always ...
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Market Staying Stable The farmland market across Iowa remains stable. With spring near, farmers are busy in the fields, which marks the end of the traditional farmland “sales season” of September to March. During this sales time, most farms on the market sell. With crops harvested, seeing a parcel of land is much easier. Also, in winter when most farm leases have expired, the sale process is less encumbered. Farmland sales do occur year-round — just not as many during the growing season as the off-season. The highest-quality farms from a production standpoint (highly productive soils, good fertility and drainage) continue to sell well and outperform those ...
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​ FOR IMMEDIATE RELEASE Contact: Jaleen W. Edwards, (303) 692-1227, jedwards@asfmra.org March 19, 2018 - The American Society of Farm Managers and Rural Appraisers® (ASFMRA®), AgPro magazine and Syngenta are now accepting nominations for the 2018 Farm Manager of the Year Award. Visit www.farmmanageroftheyear.com to nominate an individual or team.   The Farm Manager of the Year Award recognizes farm managers whose dedication and commitment to agriculture has benefited their clients, the American consumer and our most precious commodity – the land. Since 1986, ASFMRA, AgPro and Syngenta have worked together to recognize an outstanding farm manager ...
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Prices Low, Times Tough, but Not Repeat of 1980s Prices are down and times are tough for farmers and ranchers, but this is not a rerun of the 1980s and isn’t likely to turn into a full-blown crisis, Clark Jackman, regional vice president for the southeast region of Kansas Frontier Farm Credit told an overflow crowd attending a WIBW Radio Farm Profit Conference in Melvern, Kan., on March 7. Jackman pointed to very low interest rates, stable land values and strong farm balance sheets in terms of debt ratio as positive signs that farmers will weather the current market downturn. That’s not to say there are not farmers in big trouble — with some even exiting ...
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USDA: Farmland Values Rise If you bought U.S. farmland from 2000 to 2016, the land most likely is worth more now than what you paid for it. But economic returns to the farmland don't justify its current price, suggesting that "a decline in values is possible." Those are among the conclusions of "Farmland Values, Land Ownership, and Returns to Farmland, 2000-2016," which recently was released by the U.S. Department of Agriculture's Economic Research Service. Read More More News: Farm Bill Finish in 2018 Dwindles as Months Tick On House Agriculture Committee Approves FY 2019 Budget Letter Northey Confirmed by Senate Senate to Consider ...
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The 2018 Illinois Farmland Values and Lease Trends Report is here! Make sure you get your copy!    Order Her
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Fewer Acres Are Being Farmed Where will the next survey take us? Every five years, the U.S. Department of Agriculture conducts the National Agricultural Statistics Service, a survey of farming across the county. The study includes information ranging from the number of farms in each county and state to the number of acres in production and the market values of those farms and their crops. The 2012 is the most recent study where we can see the results, but the USDA recently completed the survey of the country's farmers for the 2017 version. Once all that data is sorted, the new report likely won't come out until spring of 2019. Full Story More News: ...
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