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 in the Report has been compiled by our members from Arkansas, Louisiana, Mississippi and Tennessee and put into this 72-page, full color book.
“We have also included information from universities and other organizations within this four-state region,” Plafcan says.
The information In the Report is divided by the four states and includes land classifications by states, geographic breakdowns, summary articles on land values and lease trends, and information on the poultry industry and recreational properties. A roster of Mid-South Chapter members is also included.
Mid-South Chapter members are going to distribute most of this first addition of this information to local agricultural related businesses in the four state areas to get this valuable information out. Copies are being provided for the media.
Later this year this information will be placed on the Mid-South Chapter’s website. Over time we hope to build a Historical data on trends in the Mid-South’s land values, rents, and changes in the agricultural industry.
“This is our inaugural issue,” Plafcan explains. “Our hope is to get copies into FSA offices, banks and Farm Credit offices as well as auction houses, CPAs and others dealing with land sales and farm management issues.” He says it is our plans to make this an annual Report and whether the Chapter will charge for individual copies in the future. For now, they are being provided free of charge.
“It is our hope that all our members in each of the states will distribute these to their clients,” he says.
Please contact Glaub Farm Management for a copy of the new Mid-South Land Values and Lease Trends Report.