Profitable landownership topic of Sioux Falls workshop
The stakes of farmland ownership have never been higher with record land values, stronger rents, biofuel’s influence, changes to the government Farm Program and updates to the tax code.
Non-operator land owners, and those considering purchasing farmland, are invited to attend a workshop Aug. 6 in Sioux Falls, SD, to learn about the financial aspects of land ownership. Workshop topics include: key indicators for commodity price direction; the profit potential of alternative lease types; the formula to managing a cash rent lease; the impact of the new Farm Bill; and profit opportunities for the future.
Farmers National Company, the largest farm management company in the United States, is hosting the 2008 Landowner Workshop, titled “The Keys to Profitable Land Ownership.” Farmers National Company has been providing workshop opportunities for non-operator landowners for more than 30 years.
“Now more than ever it’s important for landowners to stay abreast of what’s happening in the market,” said Jim Farrell, president of Farmers National Company. “For example, we are seeing significant disparities in cash rent rates between similar farms which is a sign that some landowners are not aware of the true value of their land.”
As a way to get the next generation involved, current clients of Farmers National Company and their children can attend the workshop at no cost.
The Landowner Workshop will be offered August 6 from 9 a.m. to 3:50 p.m. at the Best Western/Ramkota Hotel, 3200 West Maple Street, Sioux Falls, SD. Registration begins at 8:30 a.m. Continental breakfast and lunch will be provided.
Over 1,400 landowners attended Farmers National Company workshops last year. Seating is limited and pre-registration is suggested. For more information or to register, call 1-800-346-2650 or visit http://www.farmersnational.com/Landowner_Workshops. The cost for registration is $15 in advance and $20 at the door.