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2013 Illinois Land Values Conference

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The 2013 Illinois Land Values Conference is coming up quickly! It will be held March 13-14 at the Parke Hotel and Conference Center in Bloomington. The March 14 activities will be open to the public.

(Pre-order a copy of the 2013 Statewide Land Values Report here.)

“The conference will be an all-morning event and will be packed with useful information for Illinois farmers and landowners,” says Dale Aupperle, AFM, ARA, overall chairman of the event. “We are focusing on statewide land values, current leasing trends, and the many global influences in today’s agriculture.”

“These are truly golden years for all of us in agriculture!” Aupperle says. “Farmland values have extended their double digit annual increase through 2012! Our prime farmland is approaching $13,000 per acre, on average, up from $10,500 a year ago. And the rising tide is floating all boats as every class of Illinois farmland increased in value during the past year.

“With that in mind, the program committee has put together a great roster of speakers and subjects that should have broad appeal for anyone who has an interest in buying, selling, or renting Illinois farmland.”he continues.

The program will open with a review on the status of the Farm Bill, presented by Nicholas Paulson, assistant professor at the University of Illinois College of ACES. That will be followed by a look at the world agricultural economy and how it is affecting commodity prices and the trickle-down to land values. This will be presented by Steve Elemore, Global Economics Director with Dupont Pioneer.

“Our real keynote for the morning will be John Blanchfield, from the American Bankers Association,” Aupperle notes. “John is senior vice president of the ABA Center for Agriculture and Rural Banking and will be talking about the availability of money in rural America. He will also give us an overview into the goings-on in Washington, D.C.”

The last element of the half-day program will be the release of the 2013 Land Values and Lease Trends Survey results, which will be covered by Aupperle and Gary Schnitkey, Ph.D., with the University of Illinois College of ACES. “We have been doing this survey for many years and this will be the 2013 edition,” Aupperle notes. “Everyone attending will receive a complimentary copy of the Land Values and Lease Trends Report.” Valued at $15.00, the report this year is 100 pages in size, the largest ever, he explains.

Registration for attending the event is $65 which is payable at the door (free to working media).

Here’s a list of session information, but for a registration form, you’ll want to download the Conference Agenda.

Wednesday, March 13

8:00 a.m. – 5:00 p.m. Cost Approach Applications
This 1-day seminar sets forth up-to-date techniques for establishing market value by estimating the current cost to reproduce or replace the existing structure. Students will
learn how to measure depreciation from market data, when use of cost approach is most and least applicable and how to establish value when using this approach. Discussion will cover physical curable, physical incurable short-lived, physical incurable long lived, functional curable, functional incurable and accrued depreciation.
• 8 hours
• Required Equipment: HP-12c, HP-17bII or HP-19bII calculator
• Instructor: LeeAnn Moss, Ph.D., ALC, ARA

9:00 a.m. – Noon
COR 1650– CORE A: AGENCY & ESCROW: Will the Defendant Please Rise?
Join us as we explore agency’s fine points – duties to clients – responsibilities to customers – when to do dual agency (when not to!) as well as look at escrow case studies – all with an emphasis on risk reduction.
• 3 hours, Number 564001717
• Instructor: Norm Willoughby
• License # 563-000113

Noon Luncheon for all registrants

1:00 – 4:00 p.m. COR 1649 — CORE B: Legal Issues: Anti-trust & Fair Housing – Whatcha Gonna Do When They Come for You?
It’s not always what you say that causes you problems – it’s how you say it. Through video examples of what to do – and what not to do – we’ll look at two of the areas of real estate that can cause them to come for you – when you thought you were one of the good guys!
•3 hours, Number 564001715
•Instructor: Norm Willoughby
•License # 563-000113
Note: Core A and Core B courses are sponsored by the Illinois Association of REALTORS® in conjunction with the Decatur Association of REALTORS® and RLI.

4:30 p.m. – 6:30 p.m. Wine/Cheese Reception (included with all registrations)

Thursday, March 14

7:00 a.m. Registration / Continental Breakfast

8:00 a.m. Welcome — Tim Harris, AFM, Capital Agricultural Property Services Winnie Stortzum, ARA, Farmers National Company

8:15 a.m. The Farm Bill — In Limbo? –– Nicholas D. Paulson, Assistant Professor University of Illinois College of ACES

9:00 a.m. A Look at the World’s Ag Economy –– Steve Elmore, Global Economics Director, DuPont Pioneer

10:00 a.m. Break

10:20 a.m. There’s Money Out There in Rural America (and a peek inside Washington, D.C.)
John M. Blanchfield, Senior Vice President, ABA Center for Agricultural and Rural Banking

11:15 a.m. 2013 Illinois Land Values and Lease Trends Report — Dale Aupperle, AFM, ARA, Heartland Ag Group, Ltd.; Gary Schnitkey, Ph.D., University of Illinois

Noon Adjournment

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