Capital Agricultural Property Services (CAPS) offers farm management to all types of property owners and investors nationwide. CAPS real estate professionals provide brokerage services for farms for sale via private treaty or auction, as well as buyer broker representation. CAPS’ offices and associates are strategically located in the prime agricultural regions of the U. S. giving us a unique perspective and skill set to help landowners meet their goals and objectives. In 2011, CAPS celebrated its 25th year as an agricultural leader in farmland real estate sales and property management.
Farm Industry News and Updates
Net farm income is forecast to be $73.6 billion in 2015, down nearly 32 percent from 2014’s forecast of $108 billion. Median total income of farm operator households is forecast to increase slightly in 2015. Click here for report highlights.
A new survey on data security and usage identifies challenges for producers looking to use farm equipment management data without compromising the security of their operations. A simple misunderstanding of user agreement terms can suggest a level of security that producers might not actually have. Conducted by BR Research, the survey of producer attitudes and opinions about data usage was sponsored by Case IH, and was conducted in January 2015. It includes responses from 331 producers with 1,000 acres or more in production. Of those surveyed, 76 percent said they currently use a data system. More Survey Results
Major decisions and deadlines are approaching for farmland owners wanting to take part in the provisions of the 2014 Farm Bill, and all are encouraged to get assistance in getting their questions asked before the 11th hour, says Scott Johnson, AFM, CCA, executive manager and managing broker with CAPS’ office in Champaign, Ill. Everyone will need to contact the local FSA office to make commodity program decisions and sign contracts to enroll in the appropriate programs. G. Fendley Ragland, property manager and investment analyst with CAPS’ Memphis, Tenn., office explains that who makes the decision will often be split between individuals involved. Read more.
The U.S. Department of Agriculture released its final total for U.S. agricultural exports in Fiscal Year 2014, which soared to a record $152.5 billion (up from last year’s record of $141 billion). Agriculture Secretary Tom Vilsack made the following statement regarding the record-setting year: “American farmers and ranchers have once again achieved another year of record exports Agricultural exports have climbed 41 percent in value over the past five years. U.S. agricultural exports have increased in volume as well as in monetary value, which demonstrates an increasing global appetite for high-quality, American-grown products.” Read more.
Bumpy Road Ahead? Midwest Cash Rents for 2015: We are now entering the time of year when discussions start to surface between the landowner and tenant on what the cash rent may be for the following year. The last few years, the landowner has been in the driver’s seat as record high commodity prices, along with record high net farm income, allowed cash rent values to climb to all time highs. As a landowner, how do you know what to charge for cash rent in 2015? Read more.
Big Data: Who owns it, who has access, and who controls it? There is a lot being written about Big Data, and some are equating it to the mechanization revolution that hit agriculture in the last century – suddenly more could be produced with less labor and reduced inputs. So it can be with Big Data. It’s a further adaptation of technology that has been building and gaining acceptance for years. Read more.
CAPS’ Executive Manager Tim Harris gave a presentation on farmland leases to land owners. The talk has been broken into three video clips, Land Lease Basics, Negotiation Tips and Determining Rental Rates. The clips can be viewed on the CAPS YouTube Channel.