LANDU Education Program Logo

RLI Announces New LANDU Education Program Logo and Courses

April 12, 2018 (Chicago) – The Realtors® Land Institute (RLI), an affiliate of the National Association of Realtors®, is proud to announce a brand new logo and completely revamped courses for the 30th anniversary of their Land University (LANDU) Education Program. The new logo is being released just as a year-long overhaul of the LANDU Program comes to fruition. The overhaul includes ten courses being completely updated with fresh, relevant content as well the addition of a Recreational Land Real Estate course to meet the changing needs of land professionals in the industry.

All of this will be unveiled at their annual LANDU Education Week, taking place in Arlington, TX, this year from June 2-10. The nine-day event is an opportunity for land professionals to complete all of the education requirements needed to earn RLI’s elite Accredited Land Consultant (ALC) Designation. Attendees will be among the first to experience the newly updated courses which feature increased attendee interactivity as well as new takeaway resources that will help attendees to implement their new expertise after returning to their businesses.

Newly updated courses that will be offered at LANDU Education Week include Land 101: Fundamentals of Land Brokerage; Land Investment Analysis; Transitional Land Real Estate; Tax Deferred 1031 Exchanges; and Real Estate Mapping Technologies & Techniques. RLI will be hosting additional updated courses online throughout the year.

Learn more about the camaraderie, expertise, and resources available to land professionals through the Realtors® Land Institute.

 About the Realtors® Land Institute

The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

In Memoriam: Jimmy Settle, ALC, 2018 RLI National President

Jimmy Settle, ALCIt is with a heavy heart that we announce the passing of our 2018 National President Jimmy Settle, ALC. Despite his positive attitude and determination to fight, Jimmy lost his battle with cancer on the morning of April 1, 2018.

 

There are few more passionate than Jimmy was about land, assisting clients, and RLI. Jimmy once said, “There’s nothing like creating solutions and helping a client find that perfect piece of land. Being outdoors is my lifestyle, I do my best thinking sitting in a deer stand or riding my tractor. I get such satisfaction in sharing this passion with family and friends. It’s only natural for me to help others who wish to become outdoor enthusiasts and land owners.”

 

Being so passionate about the land industry, Jimmy found a second home and even a second family at RLI in 2000. Four years later, he earned the elite Accredited Land Consultant (ALC) Designation on January 26, 2004. He continued his involvement by serving on various committees at the national level including the ALC Accreditation Committee, the National Land Conference Planning Committee, and the RLI Government Affairs Committee. Then, as an active chapter member, in 2016 he served as the RLI Tennessee Chapter President. Jimmy’s dedication to RLI and serving land professionals still didn’t stop there. He ran and was elected by his fellow RLI members to serve a four-year term on the RLI National Executive Committee in 2016, starting as Vice President in 2016, then serving as President-Elect in 2017, and, finally, beginning as 2018 RLI National President last November.

 

During this time Jimmy was a beloved friend and leader, always looking out for the best interests of RLI, its members, and its staff. He worked closely with members and staff in the planning of the 2018 National Land Conference, which hosted 42% more attendees over the previous year. As president, he was a true advocate for RLI’s members, ensuring that the strategic plan continued to serve their best interests and adhere to a members-first philosophy.

 

In addition to serving RLI, Jimmy was also very involved in his local Clarksville Association of REALTORS® (CAR) serving as their 2007 President. He was a driving force behind the purchase of land and in building their association’s facility. The association stated in a post on their Facebook page honoring him that “He was a mentor to countless members of CAR and a friend to everyone who met him.”

 

Jimmy will be remembered by family and friends for his kindness, thoughtfulness, and friendly sense of humor. He was a pillar of his community and well-respected in the industry for his expertise on land transactions. The RLI Family sends its thoughts and prayers to his family during this difficult time and wishes they find comfort in the love that returns to them from the lives that he touched. Read Jimmy’s obituary here.

 

A Celebration of Life Service will be held on Thursday, April 5, 2018, at 6:00 p.m. at Hilldale Baptist Church. Visitation will be held on Wednesday, April 4, 2018, from 2:00-8:00 p.m. at Neal-Tarpley-Parchman Funeral Home. More information.

 

In the wake of this news, RLI will follow the procedures outlined in our official bylaws. RLI’s 2018 National President-Elect Jeramy Stephens, ALC, will take over as National President of the organization to serve the remainder of the term. “It is with a heavy heart that I take over the reins from Jimmy. He was a close friend and I will do my best to fill the big shoes he left behind and continue to execute his vision for RLI through the rest of his term,” said Jeramy upon induction.

APEX Awards

Nation’s Top-Producing Land Agents Recognized by Realtors® Land Institute APEX Awards Program

March 21, 2018 (Chicago) – The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is proud to announce the winners of its 2017 APEX Awards Program, sponsored by The Land Report, as the top-producing land agents in the nation. The APEX Awards Program is designed to recognize the excellence and performance of the best in the business by distinguishing agents with these prestigious production-based awards. All APEX Award Winners were announced by RLI CEO Aubrie Kobernus as well as The Land Report’s Co-founders Eddie Lee Rider Jr. and Eric O’Keefe at a special awards ceremony on Tuesday, March 13, during RLI’s 2018 National Land Conference (NLC18) in Nashville, TN.

RLI recognized a two-way tie between Michael and Dan Murphy with the M4 Ranch Group a division of Team Murphy Realty, LLC in Colorado for the program’s most coveted and prestigious award, the APEX 2017 Top National Producer.

RLI is also proud to recognize the accomplishments of the APEX 2017 National Broker of The Year recipients in each of the following seven distinct land categories:

Ag Land Sales – Crops: Troy Louwagie, ALC, Hertz Real Estate Services
Ag Land Sales – Ranches: Dax Hayden, Hayden Outdoors, LLC
Recreational Land Sales: Dan and Michael Murphy, M4 Ranch Group
Timber Land Sales: Clint Flowers, ALC, National Land Realty
Commercial Land Sales: Ryan Sampson, ALC, Eshenbaugh Land Company
Residential Land Sales: Danny Smith, ALC, Smith & Smith Realty
Auction Land Sales: Troy Louwagie, ALC, Hertz Real Estate Services

In addition to being named Broker of the Year in two categories, RLI also awarded Troy Louwagie, ALC, of Hertz Real Estate Services in Iowa with the APEX 2017 Wrangler Award for largest number of transactions closed in 2017.

All applicants are members of RLI and have at least four million dollars of qualifying dollar volume in closed land sales in 2017, making them among the top-producing land agents in the country. Each applicant was also recognized as part of the RLI APEX 2017 Producers Club with the twenty highest producing applicants awarded as an APEX 2017 Top Twenty National Producer.

The Top Twenty Producers included:

Rick Bourne, Southeastern Land Group, AL
Ray Brownfield, ALC, Land Pro LLC, IL
Steve Bruere, Peoples Company Of Indianola, IA
Jason DurJava, ALC, Century 21 M&M and Associates Ag and Ranch, CA
Bill Eshenbaugh, ALC, Eshenbaugh Land Company, FL
Clint Flowers, ALC, National Land Realty, AL
Kyle Hansen, ALC, Hertz Real Estate Services, IA
Dax Hayden, Hayden Outdoors LLC, CO
Ryan Hostetler, ALC, Agprofessionals LLC, CO
John Knipe, ALC, Knipe Land Company, ID
Troy Louwagie, ALC, Hertz Real Estate Services, IA
Kasey Mock, KW LAND, Mock Ranches, TX
Dan Murphy, M4 Ranch Group a division of Team Murphy Realty, LLC, CO
Michael Murphy, M4 Ranch Group a division of Team Murphy Realty, LLC, CO
Billy Rollins, ALC, Land Solutions, Inc., FL
Ryan Sampson, ALC, Eshenbaugh Land Company, FL
Dean Saunders, ALC, Coldwell Banker Commercial Saunders Real Estate, FL
Danny Smith, ALC, Smith & Smith Realty, FL
Bob Stalberger, ALC, Whitetail Properties Real Estate, LLC, MN
Minor Taylor, ALC, Taylor Land Investments, TX

The 2017 APEX Producers Club included: Matt Adams; Daran Becker; Rick Bourne; Sam Bowers, ALC; Ray Brownfield, ALC; Steve Bruere; Jared Chambers; Brad Chandler; Bill Davis; Mike Downey, ALC; Jason DurJava, ALC; Devin Dye; Brenda England; Bill Eshenbaugh, ALC; Clint Flowers, ALC; Wendy Forthun, ALC; Jonathan Goode, ALC; Kyle Hansen, ALC; Dax Hayden; Kenny Herring; Ryan Hostetler, ALC; Marv Huntrod, ALC; John Knipe, ALC; Stan Lierz, ALC; Troy Louwagie, ALC; Rusty Lowe, ALC; Kasey Mock; Dan Murphy; Michael Murphy; Justin Osborn; Calvin Perryman, ALC; Clayton Pilgrim; Billy Rollins, ALC; Ryan Sampson, ALC; Dean Saunders, ALC; Chris Smith, ALC; Danny Smith, ALC; Travis Smock; Bob Stalberger, ALC; Jeramy Stephens, ALC; Winnie Stortzum, ALC; Tommy Stroud, ALC; Kirk Swenson; Minor Taylor, ALC; Derrick Volchoff, ALC; Kirk Weih, ALC; Jim Wirth; Luke Worrell, ALC; Jason Zeigler; and Andrew Zellmer.

“The APEX 2017 Award Winners are the crème of the crop when it comes to conducting land transactions. RLI is proud to be partnered with The Land Report to give these land agents the national, industry recognition as a top-producer that they deserve,” said RLI’s CEO Aubrie Kobernus, MBA, RCE, about the new program.

The APEX Awards Program celebrated its inaugural year with fifty applicants totaling a combined $1B+ in qualifying transaction volume. For more information on the award winners, make sure to get a copy of The Land Report, one of the industry’s leading magazines for landowners and land professionals, which will be publicizing winners in their upcoming Spring 2018 issue. All land real estate professionals are invited to join RLI and apply to the prestigious APEX Awards Program next year. Learn more at https://www.rliland.com/national-land-conference/rli-apex-awards-program

 About the Realtors® Land Institute                          

The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

land tech accelerator program NLC18

Top New Technologies in the Land Real Estate Industry Announced by RLI

February 14, 2018 (Chicago) – The Realtors® Land Institute (RLI) is excited to announce the industry’s top new land real estate technologies as part of the new Land Technology Accelerator Program. The top companies, as approved by land real estate agents who are members of RLI’s Future Leaders Committee, include LandHub.com, REALSTACK, and Terva.

“We are very proud to not only be selected as a Land Tech Accelerator winner but to also have the opportunity to present and exhibit at the National Land Conference in Nashville next month. RLI has been a great resource as we grow our company and we’ve not only learned a lot but also made some amazing connections along the way,” said Kevin May, President of LandHub.com.

“We are delighted to be just one of three companies selected to RLI’s Land Tech Accelerator Program. We look forward to bringing REALSTACK to RLI members in a big way. Our land brokerage clients love having one system for their land brokerage website, listing and photo management, feeds to advertising sites, lead management, reporting, and tons more. This is a unified solution never before available to the land industry,” said Chad Polk, Founder and President at REALSTACK.

“Terva is making the world’s farmland information accessible. With the click of a button, users will have access to every upcoming auction, active listing, and individual sale results across the country. We’re excited for the opportunity to share our story as part of RLI’s Land Tech Accelerator Program,” stated Steven Brockshus, Founder of Terva.

The Land Technology Accelerator Program is a new addition this year to the annual National Land Conference. The program aims to introduce the latest top technologies in the industry to attendees of the event and beyond that to the industry as a whole. This year’s conference will be held March 12-14 in Nashville, TN, where the Land Tech Accelerator Program companies will be showcasing their technologies in an exclusive session. To learn more, visit rliland.com

Watch a recording of the webinar featuring the Land Technology Accelerator Program Companies:

 About the Realtors® Land Institute
The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors® Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

US Land Values Up Three Percent, Land Sales Up Four Percent Showing Strong Land Market

January 16, 2018 (Chicago) – The Realtors® Land Institute and National Association of Realtors® Research Group released the results of their annual Land Markets Survey which shows a 4 percent increase in land sales and a 3 percent increase in land prices over the previous twelve months.

RLI Land Markets Survey 2017

Sales for all types of land rose, indicating a strong national land market. In the lead were residential land sales with an increase of 5 percent, followed by commercial land sales up by 4 percent. Analysts in the NAR Research Group and at RLI believe these markets are in the lead because of the sustained economic growth and the continued recovery of the housing construction market due to an increase in new home sales.

Land sales for agricultural irrigated land also rebounded after contracting last year, as commodity prices generally stabilized from late 2016 to early 2017 after slumping since 2014. Responses from survey participants indicated a lack of land financing, tighter zoning regulations, and valuation issues as some of the biggest issues facing the industry.

RLI’s 2018 National President Jimmy Settle, ALC, said “Now is great time for landowners and investors as well as land professionals. With flat commodity prices making the growth in ag land sales modest compared to residential and commercial land sales, it’s encouraging to see the market as a whole still continue to strengthen.”

The annual Land Markets Survey is a tool for landowners and land real estate professionals in all sectors of the business to use for bench-marking and as an informational resource when conducting business. This year marks the fifth consecutive year that the survey has been conducted to reveal current trends and the ever-changing state of land markets within the industry; and with over 800 respondents this year, it continues to grow. The Realtors® Land Institute has made the full survey results available for free to the public on their website at rliland.com/about-realtors-land-institute/land-markets-survey 

About the Realtors® Land Institute
The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

partnership

Realtors® Land Institute & Mossy Oak Properties Partner To Bring Success To Land Agents

January 11, 2018 (Chicago) – The Realtors® Land Institute (RLI) is excited to announce its partnership with a leading industry brokerage, Mossy Oak Properties. Through RLI’s LANDU Education Partnership, the two organizations are joining forces to bring Mossy Oak Properties’ 600+ land real estate agents expertise, prestige, and opportunities across the country.

As the industry leader in education for land agents, the Realtors® Land Institute (RLI) now offers discounts on education, resources, and events through the new partnership that will help their agents to be more productive and effective for their clients.

Aubrie Kobernus, CEO of the Realtors® Land Institute, commented on the partnership saying “We developed these strategic LANDU Education Partnership opportunities for brokerages looking to invest in enhancing their agents’ skills by taking advantage of the resources we have available as an organization. This partnership is a win all around – especially for Mossy Oak Properties agents and their clients!”

“Our mission at Mossy Oak Properties is to create opportunities for our network of land specialists that will enrich their professional and personal lives. Our partnership with the Realtors® Land Institute reflects our commitment to that, via unparalleled networking and educational opportunities.  We will strongly encourage active participation in RLI — and pursuit of their Accredited Land Consultant Designation — with all our land specialists,” said David Hawley, Franchise Sales Manager for Mossy Oak Properties, also commenting on the new partnership.

As a partner, Mossy Oak Properties will also have a booth at RLI’s 2018 National Land Conference being held in Nashville, TN, from March 12-14. The event is considered the premier industry conference for land real estate agents to gain expertise, share insights, and make deals happen. To learn more about the National Land Conference or partnership opportunities available, visit rliland.com/national-land-conference

About the Realtors® Land Institute
The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors® Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

Accredited Land Consultant ALC Pin

New ALCs Emerge In All Corners of US in 2017

January 9, 2018 (Chicago, Ill.) – The Realtors® Land Institute (RLI) is proud to announce the twenty-one Realtors® who have earned the Accredited Land Consultant (ALC) Designation in 2017. These land professionals have accomplished earning this elite designation, through RLI, which distinguishes them as one of the most experienced and educated land real estate agents in the country.

The Realtors® Land Institute (RLI) congratulates the following twenty-one Accredited Land Consultants on their accomplishment:

James Bineau, ALC, Aspen, CO; Michael Dreyer, ALC, Indian Harbor Beach, FL; Michael Downey, ALC, Mt. Vernon, IA; Jeff Evans, ALC, Pittsfield, IL; Joe Gizdic, ALC, Roodhouse, IL; Ashley Goodroe, ALC, Eatonton, GA; Jacob Hart, ALC, Decorah, IA; Edward Harvey, ALC, Cody, WY; Jeff Heil, ALC, Ste. Genevieve, MO; Kenny Herring, ALC, Indianola, IA; Mike Lansdell, ALC, St Marys, GA; Michael Lauher, ALC, Savoy, IL; Caleb McDow, ALC, Winer Haven, FL; Aaron Milliken, ALC, Pittsfield, IL; Bill Minor, ALC, Indianapolis, IN; Will Moore, ALC, Lexington, VA; Travis Robeson, ALC, Brentwood, TN; John F. Robinson, ALC, The Woodlands, TX; David Thien, ALC, Council Bluff, IA; Jim Vidamour, ALC, La Veta, CO; Scott Whittington, ALC, Springfield, IL.

accredited land consultant alc logoEarning the ALC Designation is an indication of the most accomplished, experienced, educated, trustworthy, and highest performing land experts in the industry. ALCs work hard to complete the rigorous LANDU education requirements, build a proven track record of success in the business, and pass an evaluation and approval process by the organization’s ALC Designation Committee and Board of Directors. ALCs are the most trusted and elite land professionals as proven by their commitment to professional development and a strong code of ethical conduct.

About the Realtors® Land Institute              
The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors® Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

APEX Awards

The Land Report to Sponsor The REALTORS® Land Institute’s New APEX Awards Program

APEX Awards Program

December 14, 2017 (Chicago) – The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is proud to announce The Land Report as the official sponsor of their inaugural APEX Awards Program. Since the Land Report targets top land owners, buyers, investors, and sellers, it is a natural fit for these industry-leading organizations to work together on this program.

The APEX Awards Program is designed to recognize the excellence and performance of the best in the business with these prestigious land real estate production-based awards.  RLI is proud to distinguish the Top Producers in each of their categories and specialties. Winners will be recognized at a special awards ceremony on Tuesday, March 13, at RLI’s 2018 National Land Conference (NLC18) in Nashville, TN.

Land professionals that are members of RLI and have at least four million dollars of qualifying dollar volume in closed land sales in 2017 are eligible to apply. Award winners will be recognized at NLC18 and promoted nationally by the REALTORS® Land Institute as the 2017 Top Producer, Broker of the Year in seven distinct land categories, 2017 Wrangler, or as part of the APEX Top 20, or APEX Producers Club!

“We know that RLI’s partnership with The Land Report will bring maximum exposure to the 2018 APEX Awards Winners and take showcasing their prestige to the next level. APEX Award Winners are the cream of the crop when it comes to conducting land transactions and RLI is proud to partner with The Land Report to give these land agents the national industry recognition as a top-producer that they deserve,” said RLI’s CEO Aubrie Kobernus, MBA, RCE, about the new program.

All land real estate professionals are invited to join RLI and apply to the prestigious APEX Awards Program. Applications may be submitted between January 1 and January 26, 2108.

About the Realtors® Land Institute              

The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263. It’s the best time to join the best!

Realtors Land Institute

Realtors® Land Institute Elects Kyle Hansen, ALC, as 2018 Vice President

September 18, 2017 (Chicago, Ill.) – The Realtors® Land Institute (RLI), an affiliate of the National Association of Realtors®, proudly announces Kyle Hansen, ALC, with Hertz Real Estate Services in Nevada, IA, as their 2018 Vice President. Hansen has been elected to join the 2018 RLI Board of Directors as a part of their Executive Committee at RLI’s Induction Ceremony on November 3 in Chicago happening alongside the 2017 Realtors® Conference & Expo.

In his position, Hansen will serve a four-year term on RLI’s Executive Committee making him the association’s 2020 National President. He has served as Chair of RLI National’s Future Leaders Committee and is an active member of the RLI Iowa Chapter as Chair of the Land Trends & Values Committee.

Hansen joins RLI’s executive team at an integral time for the organization as they continue to push forward with their new strategic plan. He is dedicated to seeing the plan through to enhance the value of an RLI membership and its Land University (LANDU) education program for land real estate professionals across the country and to ensure RLI continues to be “The Voice of Land” in the real estate industry.

In response, Hansen released the following statement: “I am very humbled and honored to represent the Realtors® Land Institute’s membership as their 2018 Vice President. There have been so many great leaders of this organization that have worked to make RLI what it is today, and I look forward to following in their footsteps. To continue to put our membership’s needs first, and assist in making us grow. I sincerely appreciate the responsibility our membership has granted upon me and look forward to working on their behalf, thank you.”

The election also adds three At-Large Directors to the RLI Board for the first-time. In an effort to give members a stronger voice into the direction of the organization, the 2017 Board approved the addition of these elected seats moving forward. Of the ten candidates running for an At-Large Director position, RLI is proud to announce the election of Cathy Cole, ALC; Rick Taylor, ALC; and Bart Miller, ALC onto the 2018 RLI Board of Directors.

REALTORS Land Institute Logo

 

 


About the REALTORS® Land Institute
The Realtors® Land Institute, “The Voice of Land,” continually strives to maintain its status as the acknowledged leader for all matters pertaining to the land real estate profession. RLI endeavors to remain the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop, and manage our most precious resource: the land. The Realtors Land Institute, provides the expertise, camaraderie, and valuable resources that are the foundation for all land real estate professionals to become the best in the business. For more information, visit rliland.com or call 800.441.5263.

farmland

2017 Iowa Land Trends & Values Survey Reveals Increase in Farmland Values

The REALTORS® Land Institute Iowa Chapter is pleased to announce the results of their September 2017 Iowa Land Trends & Values Survey. REALTORS® Land Institute is an affiliate of the National Association  of REALTORS® and is organized for REALTORS® who specialize in farm and land sales, management, development and appraisal. Participants in the survey are specialists in farmland, and are asked for their opinions about the current status of the Iowa farmland market.

Participants were asked to estimate the average value of farmland as of September 1, 2017. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.

The results of these surveys show a statewide average increase of cropland values of 2.0% for the March 2017 to September 2017 period. Combining this increase with the 0.9% increase reported in March 2017 indicates a statewide average increase of 2.9% from September 1, 2016 to September 1, 2017. The survey  shows the first full year statewide increase in land values since 2013, indicating some current stability.

All but one of the Iowa crop reporting districts showed an increase in the average farmland value. The districts varied from a -0.5% decrease in SC district to a 3.6% increase in NE district since March 2017.

Major factors contributing to current farmland values include: lower commodity prices, limited amount of land on the market and growing conditions in the regions. Other factors include: lack of stable alternative investments, cash on hand, and increasing interest rates.

The Iowa Chapter of REALTORS® Land Institutes farmland value survey has been conducted in March and September since 1978. This survey, plus the RLI Farm and Ranch Multiple Listing Service, are activities of REALTORS® specializing in agricultural land brokerage on a daily basis.