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January 22, 2014     Sentinel Tribune
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January 22, 2014
 

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SENTINEL TRIBUNE Wednesday, January 22, 2014 Page 3 This Is America! Last Friday night the WWG Chargers took on the Adrian Dragons. Above Charger Shane Buchman put up a reverse lay up against the Dragons, adding to his high total of 34 points on the night along with 15 boards. The Chargers went on to defeat the Dragons 77-56. WWG Charger Alex Knutson put up a shot against the Dragons last week. He had 12 points and 7 assists. Below: Randy Knutson put up one of his 16 points on the night along with 11 rebounds. From page 1 Each year sales vary with- in a county and be closer to a larger city which would have an effect on these average values from year to year. The quality of the land sold within a county may be a factor in the wide swings in the prices from year to year in individu- al counties. The number of sales in each county varies greatly from year to year. The 35.6% increase is well above historical increases of 1 to 2 percent. For the last ten years there have been large percentage increases. In 2009, there was lowest increase at 0.8% while 2010 was the next lowest at 4.8% while the high of 35.6% was this year. There are several factors that have an effect on land values. Farm income, grain pric- es, interest rates, return on other investments and 1031 exchanges are often mentioned as reasons for the increase. Faroa" prof- itd continued to be good in 2013. There were three consecutive years with record farm profits in the Southwest Minnesota Adult Farm Management pro- gram, from 2005 through 2007. In 2008 and 2009 profits were good, but not at record levels, 2010, 2011 and 2012 were record lev- els. For 2013 the trend of good farm profits will con- tinue, but be lower than pre- vious years even with better than expected corn and soy- beans yields. Many hog and dairy producers experi- enced a tough year in 2010 many with losses instead of profits with poor prices for their commodities and high feed costs. In 2013 high commodity prices will again have a negative effect on livestock producer prof- its. If the average farmer is profitable, this would add local demand for the land from farmers. Interest rates continue at historical- ly low levels and land rent- al income is comparable or higher than what an inves- tor can earn from treasury bills, bonds or certificates of deposit at financial institu- tions. The stock has mar- ket rebounded significantly since its low in March of 2009 to record levels at the end of 2013. The 1031 exchange is for farmers or property owners who have land in an area of increased value due to location to city or development and rath- er then pay taxes on large gains from the sale of land they purchase like property or other farmland at a more reasonable price elsewhere, which increases rural farm- land demand. The after- shock of the recession and the real estate market has slowed this impact in 2013. The reason for the increase in farm land sales prices is a combination of all of these factors. If you would like a copy of the two page document on the trends in farm land sale prices, contact your local county Extension office at any of the fourteen counties listed above. How high can farm land values go? Supply, and demand will determine this. The simple return on invest- ment which is determined by rental rates will deter- mine how competitive farm land is compared to other investments and this will determine a value for farm land. Corn and soybean prices for 2014 crop are much lower than previous years. This should have an impact on profits, farm rental rates and eventual- ly farmland values. The government programs have an influence as well if the government can pass a farm bill. If interest rates rise or farm rental rates fall, the value of land is sure to be affected in a negative way and that will cause a decrease in land values, but as long as these factors do not occur, the price of farm- land will continue to climb. Meeting Rescheduled The program will be pre- sented by Sid Cornelius, Environmental Specialist, and retired employ- ee of the USDA Natural Resources Conservation Service (NRCS), with over 18 years of wetland expe- rience. The free work- shop is sponsored by the Minnesota Association of Resource Conservation and Development Council with financial assistance from the NRCS. Cornelius said the mit- igation process is compli- cated. However, under- standing the basics and options available should help farmers work through the mitigation process with better results, he said. Community Meeting WWG -- The pub- lic meeting to discuss the Flexible Learning Year, and The World's Best Workforce, a new Initiative by the state has been rescheduled. The meeting will be held Monday January 27 at 6:30 p.m. at the Westbrook School build- ing. The meeting was rescheduled due to bad weather. By Glenn Mollette My son and I got into a taxi in Louisville, Kentucky a few nights ago. We were going to the theatre during a downpour and didn't want to arrive drenched. When the taxi driver pulled up he couldn't understand a word I was saying. I tried to explain that we were just going a few blocks away. I pointed, talked slowly and even tried to help him figure out the GPS attached to his visor. I was sensitive and kind because I know what it's like to be in a foreign country. The conversation was almost impossible. Give me a break. He has moved to America, has a driver's license, works for a taxi company and is trying to drive people around Jefferson County, Kentucky. He did not speak much English! Finally, I was able to understand that he had moved here from South Africa and this was his sec- ond day of working as a taxi driver. I explained to him that I had been to South Africa, loved his coun- try and welcomed him to America. I didn't say it but I wanted to shout "Learn the English language!" I am happy for people who come to America. He is trying to work. I wonder how many people need a job but would never consider driving a cab? My hat is off to the people who are com- ing to America legally and working jobs that average Americans won't work. One big problem is that these well meaning new residents need to learn English. I realize this is tough to enforce since many Americans have trouble passing an English classl The national language for South Africa is English. Unfortunately there are at least ten other official lan- guages and a multitude of unofficial languages. Many people in the country never become fluent in speaking English. They are brought up to learn the language of their tribe and struggle with English throughout their lives. This scenario makes it tough for everyone to be on the same level when it comes to national commu- nication. I love South Africa, Mexico and a lot of other places but this is still America. Let's keep the conversation in English. Glenn Moliette is an American columnist read in all fifty states. Contact him at GMollette@aoL com. Like his facebook page at www.f acebook.com/glennmollette 507- 274- 6136 or 800-410- 1859 to see your == Westbrook, MN 507-274-5352 : .................. ._UrS. ................ ...... : ........... ~ .............. B~rg~ Bar = Monday]~, 27 orders/pre-orders are so-go always welcome 5 10:30 a.m. Lrr's PARRY We strive to be the best place in town to have a drink, play pool or darts and meet friends, old and new. With an immense cocktail list; outstanding munchies and a fun, casual atmosphere, it's a scene away from the usual bar scene. After all, it's not just another bar, it's a classic neighborhood hangout. ON/OFF SALE 628-4645. Jeffers, MN t4y .ame .