Bloomington, IL-(Effingham Radio)- The 2025 Illinois Land Values Conference is set to be held here on Thursday, March 27. The annual event is sponsored by the Illinois Society of Professional Farm Managers and Rural Appraisers and will be held at the DoubleTree by Hilton. According to Luke Worrell AFM, ALC, overall chair of the annual Land Values project, the program will get underway at 8 a.m. and conclude just before noon.
Worrell stated that this year’s keynote message will be from Dr. David Kohl, professor emeritus at Virginia Tech. He will address ‘The economic pulse of agriculture.” That will be followed by a presentation on Section 180 tax deductions for farmland. This will be presented by Alec Bean, CEO and owner of Agricultural Soil Management, based in Champaign. He will address how land buyers can maximize tax savings through residual fertility deductions and smart farmland investment plans. Bean will present strategies to implement this program on farmland purchases.
The final event of the morning will be discussion on the results of the recently-completed survey among ISPFMRA members, farmers and others allied with the industry on current farmland values and trends across Illinois. All attending the conference will receive a printed copy of the Farmland Values and Lease Trends Report.
New for this year is the Report will be made available free of charge as a downloadable pdf from the ISPFMRA website at www.ispfmra.org after this event. Printed copies will still be available for purchase. Extra copies picked up at the Conference will be $8 each. Copies that will need to be mailed will cost $20 each.
The fee for attending the conference is $90 for Society members and those associated with the Realtors Land Institute, $100 for others. This includes one copy of the printed Report. No advance registration is required to attend and individuals may pay at the door on the 27th.
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