Illinois Land Values Conference March 17 – AgriNews
BLOOMINGTON, Ill. – Illinois State farmland values will be the focus of the 2022 Illinois Farmland Values Conference scheduled for March 17 at the DoubleTree by Hilton in Bloomington.
The annual forum is hosted by the Illinois Society of Professional Farm Managers and Rural Appraisers.
“Prices paid for farmland across the state have been on a wild ride, mostly on the rise over the past year,” said Luke Worrell, Worrell Land Services, Jacksonville and General Chairman of Land Values. Project.
“At the moment, I don’t see anything that could change that in 2022. We will be looking at several factors that come into play on this.”
The keynote speaker for the half-day program will be David Oppedahl of the Federal Reserve Bank of Chicago who will discuss trends in farmland values and credit conditions.
This will be followed by a panel discussion of society members who will discuss various farmland auction formats that are used across the state.
A second panel will focus on the challenges rural appraisers face as they strive to meet the demand for their service in such an active and volatile market.
The morning program will conclude with the presentation of the results of an extensive survey of society members on farmland values in Illinois in 2021 and forecasts for 2022.
“This is the culmination of the collection of an enormous amount of data by our members in 10 geographic regions of the state. This is compiled and put into our annual Land Values and Tenancy Trends Report, a 124-page book that will be handed out to everyone in attendance,” Worrell said.
The program will start at 8 a.m. and end at noon. Advance registration is not required, but is encouraged.
“We’re anticipating a very strong turnout for this year’s event, our first in-person land values conference in three years, so the better we know how many people are coming, the better prepared we can be,” Worrell said.
Registration can be done online at www.ispfmra.org or at the door on March 17. The cost is $70 for ASFMRA and RLI members and $85 for non-members.
Everyone in attendance will receive a copy of the 2022 Illinois Property Values and Lease Trends Report.