The Land Report

2018.2

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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102 The LandReport | S U M M E R 2 0 1 8 LANDREPORT.COM M I D W E S T Hertz Real Estate Services www.hertz.ag (800) 593-5263 2017 Sales: $100M–$250M Who: Founded in 1946 by Carl Hertz, we are a Midwestern- based company that specializes in farmland management, farm- land brokerage, public farmland auctions, farmland acquisitions, and land appraisal services. Wow: Within our Farm Real Estate division, we handled 45 sales or purchase transactions that exceeded an average per acre sale price of $10,000 per acre. In March, Troy Louwagie, ALC, who coordinates real estate activities for our Mount Vernon office, was honored as 2017 Wrangler at RLI's National Land Conference. Legacy Land Co. www.legacylandco.com (888) 311-5263 2017 Sales: $250M–$500M Who: We have a great group of brokers licensed in six states who specialize in selling farms, hunting land, recreational real estate, ranches, and commercial property. Our team also offers land management services. Wow: We listed several properties in 2017 for more than $1.5 million. One property we listed was priced at more than $10 million. Martin, Goodrich & Waddell www.mgw.us.com (815) 756-3606 2017 Sales: $50M–$100M Who: We assist a global network of clients in the acquisition, sale, appraisal, and management of agricultural properties throughout the US, focusing on farm, transitional, and recreational land. Wow: Sold a 932-acre Illinois farm including all equipment. Mossy Oak Properties Boley Real Estate www.mopbre.com (641) 932-1234 (319) 293-2575 2017 Sales: < $50M Who: Mossy Oak Properties Boley Real Estate is owned and operated by Jim Boley, Barb Hendricks Boley, and their sons, Nick Boley and Tyler Boley. Our company was founded in 1985 by Jim's father, Ralph Boley. All four of us are licensed real estate brokers and natives of Van Buren County Iowa. Together, we share more than 60 years of experience. Mossy Oak Properties Boley Real Estate specializes in agri- cultural, recreational, and resi- dential properties in Iowa and Missouri. Wow: One of the things we found impressive about 2017 was that land values remained high despite the downturn in commodity prices. The end result was numerous land sales that brought prices that were higher than expected. Mossy Oak Properties Mozark Land and Farm www.mossyoakproperties.com (417) 934-5263 2017 Sales: < $50M Who: We are hunters and farmers who sell to other hunt- ers and farmers. We specialize in land whether it be farms, hunting properties, or general recreational parcels. We draw many people from outside Missouri to the Ozarks, especially retirees. Wow: I sold a property that had been in a family since the 1920s. They won the 120-acre parcel in a poker match. Mossy Oak Properties Fiscus Land Co. www.mopheartland.com (620) 795-2228 2017 Sales: $50M–$100M Who: Our firm specializes in farmland, ranchland, and recreational land in Southeast Kansas, Southwest Missouri, Northwest Arkansas, and Northeast Oklahoma. Wow: An 820-acre ranch sale. A M E R I C A ' S BE ST BROKERAGES BLUE SKY According to the Iowa State University Land Value Survey, Iowa farmland inched up 2 percent in 2017 to $7,326 per acre. Land values had declined in each of the preceding three years.

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