ITA Quarterly Newsletter • August 2017

ITA President's Message

Our annual Iowa Trust Association conference will be held Thursday and Friday, September 28-29 at the West Des Moines Marriott. Preceding the conference, Iowa Trust Association peer group meetings will be held at the same location on Wednesday, September 27 beginning with a noon lunch and speaker. Participation in the peer group meetings provides you with the opportunity to network with your peers and exchange ideas. The peer group session agenda has expanded the past couple years and attendance has grown as a result. We have a great conference agenda planned again this year covering subjects of interest to all trust association members. Exhibitors offering many great products will be available to explain their services. Attendees will also qualify for continuing education hours. Great speakers, food and fellowship are yours to enjoy so register soon and we will see you in September!

Jim Mease
Vice President & Trust Officer, Farmers & Merchants State Bank, Winterset

ITA Annual Convention


You can continue building for the future at the 2017 ITA Fall Conference on September 28-29 at the West Des Moines Marriott Hotel. This year's event features speakers and sessions that will help you as a trust professional increase your knowledge and keep current with industry trends.

This year's conference feature's a keynote from economist Matt Roberts, followed by a session by Chuck Maggiorotto the President of Tower Weath Managers who will discuss the science and psychology of being a trust investment professional. Three breakout session offer sessions on estate planning for women, land protection in estate planning, and Iowa's estate recover program. Other sessions include a regulatory update and using data analytics to identify investment opportunities. The conference closes with noted speaker Kevin Brown sharing his message about the hero in all of us.

More information, including CE hours is available on the ITA website. Make plans to register today! 

Agenda and Registration


Has the Overall Market Value for Iowa Land Hit Bottom

by Brad Hayes, Appraiser, Peoples Company, Clive

As we progress through the summer months, the number of farms in Iowa that are publicly being marketed for sale remains historically low. Our appraisal team continues to monitor land sale prices on a weekly basis as well as monitor the number of farms that are publicly for sale in Iowa at any given time. One would assume that lower commodity prices would have a negative impact on land values, and we saw land values trend down from 2013 through 2016. However, per the data we have accumulated, it appears that land values hit the bottom of the downward cycle in the first quarter of 2016. As illustrated in the chart below, it appears the most recent decline in land values occurred between the fourth quarter of 2015 and the first quarter of 2016. Since the first quarter of 2016, land values have trended upward on a quarterly basis. The chart references the average dollar ($) per CSR2 point on tillable acres. These figures are based on a dataset that includes farms that sold at public auction and have 85% tillable acres or greater.

There are multiple market influences on the horizon that may have a positive or negative impact on land values. These include, but are not limited to, drought conditions in the upper Midwest, increasing interest rates, tight profit margins in the agricultural industry, increasing global demand, and trade relationships between the U.S. and global markets. We look forward to seeing if and how the land market fluctuates through the remainder of 2017 and into 2018.


Legislative Tool Helps you Connect with Legislators

The Iowa Bankers Association's Legislative Action Center allows bankers to easily contact legislators electronically. Letters on key pending legislation and regulations are posted on the site and can be easily edited and/or personalized for bankers to send to their respective elected officials and regulators at the state and federal level. The Legislative Action Center is available online at www.iowabankers.com.


Contribute to the Iowa Trust Association

As a reminder, the Iowa Trust Association (ITA) welcomes contributors to their quarterly newsletter. If you would like to comment on recent activities in the industry or let us know about an upcoming event that would be of interest to our readers, please feel free to contact Darcy Burnett, at (800) 800-2353 or dburnett@iowabankers.com. Thank you for your interest in our publication and we look forward to hearing from you!


ITA Newsletter Subscription

If this message was forwarded to you and you would like to receive the ITA Newsletter, e-mail Darcy Burnett to subscribe.


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