The Heller Group Land Co AgVisors held our Annual Farm Land Seminar for landowners in Chandler, AZ on February 13, 2018. It was attended by over 60 enthusiastic landowners from several different states including Minnesota, Iowa, California, Nebraska and even Alaska.
Our featured presenter was once again Mark Schultz, Senior Analyst with Northstar Commodity. His topic “China’s Rising Grain Demand” gave an in depth look at the effect of China’s role in the global commodity markets.
Other topics discussed by the AgVisors were Land Prices & Cash Rents and the ownership challenges faced by multiple landowners inheriting the same farm.
It was a wonderful turn out and we like to thank everyone that made it a success. We look forward to seeing everyone back in Arizona in 2019!
2018 Annual Farmland Seminar in Arizona
2018 Annual Farmland Seminar Flyer Click to enlarge
We are headed back to Arizona for another Farmland Seminar!
By popular demand, we have invited back as our featured speaker Mr. Mark Schultz from Northstar Commodities.
Mark is the Chief Market Analyst for Northstar Commodity. He has over 20 years experience in this position and has been a wonderful asset to our previous seminars.
Besides Mark’s presentation, an exciting program is being planned. We will be addressing current land prices and rents as well as potential issues that can happen when siblings inherit the farm. Good intentions by the parents may turn out not as intended!
We will be hosting the seminar the American Legion Post 35. The date is Tuesday, February 13th.
For more information, including pricing and address, please click on the flyer.
Registration starts 8:30 AM, Seminar 9 AM, Lunch at 12:30.
To register, please call Marissa at 320-523-1050 or email her at firstname.lastname@example.org. Advanced registration is greatly appreciated. Walk-in’s are welcome!
Hope to see you there!
Heller Group Land Co, LLC.
Here at Heller Group, we strive to provide superior service to our clients by recognizing that our fiduciary and ethical responsibility to them is paramount. We are currently seeking goal oriented and self motivated individuals to join our team. Agriculture production training is provided, but prior agriculture or real estate experience is helpful. Positions are mostly commission based, with full time or part time availability, with ownership potential.
If you would more information, please contact us!
Office: (320) 523-1050
Rising real estate taxes and reduced cash rents are causing farm earnings to drop to levels that are creating serious cash flow problems for many landowners. Often retired landowners rely on their net farm income for a major portion of their retirement living. When that shrinks to critical levels, it causes real concerns. Often times today, the net income to the landowner is only about 2 – 2 ½ percent based upon today’s market value for that farmland.
Your first reaction is well, I cannot sell the farm because I have a low cost basis and the capital gains taxes are not an acceptable outcome.
Don’t despair! There is a solution. A farm owner can sell and exchange that equity into other investment grade real estate and receive double the net earnings achieved today from the farmland. Your first reaction is probably, well, I don’t know anything about investing in commercial or investment grade real estate and I don’t have the management skills or enough equity to select good replacement property.
Again, there is an answer for those concerns. There are reputable companies that do all of that for you. Those companies research and acquire several different types of investment grade properties that throw off good earnings. Those properties are professionally leased and managed. They are acquired in a trust entity.
Simply put, you can exchange the equity in your farm for a beneficial interest in one of those trusts tax free, and receive a 5 – 5 ½ percent return currently. Those beneficial interests in such a trust are eligible for a “stepped up basis” upon the death of the owner, just like your farmland. They are liquid, can be bought and sold as the owner needs change.
If you would like to explore possibly doubling the cash earnings for the equity in you farmland, please give us a call today! We will be happy to share this concept with you.
By: Roger Heller, Accredited Farm Manager and Accredited Land Consultant