011519_YKMV_A3.pdf









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January 15, 2019 • Page 3
Farm Credit Services Of America
2019 Legislative
Reports Slight Softening Of Farmland Session Events
Values In Last Half Of 2018
Scheduled For
OMAHA, Nebraska – Farmland values in areas of the grain belt states
served by Farm Credit Services of
America (FCSAmerica) softened
slightly in the last half of 2018, but
remained stable overall.
Benchmark farmland values in
Iowa, which generally is on the leading edge of changes in the real estate
market, declined 1.4 percent in the
last six months of 2018. For the
year, farmland values were largely
unchanged.
Nebraska and South Dakota each
saw modest declines for the year.
Only Wyoming experienced an uptick in benchmark farmland values,
although the few number of farm
sales in that state make it challenging to analyze its real estate trends.
“The softening of the market in
the latter half of 2018 wasn’t unexpected and, in fact, it better aligns
farmland values to profitability in the
grain sector,” said Tim Koch, chief
credit officer for FCSAmerica. “While
producers in many areas of our territory benefitted from strong yields
in 2018, the industry continues to be
challenged by compressed margins.
For producers who rent farmland,
softening in the market will help
their bottom line.”
Compared to the market’s peak,
farmland values are down 19.5
percent in Nebraska, 18.1 percent
in Iowa and 12.0 percent in South
Dakota. Continued pressure on profit
margins could lead to additional
softening in 2019. However, the same
factors that have helped to stabilize
the market for the past three years
remain in place, including interest
rates near historic lows and strong
demand for quality land that is in
tighter supply.
Fourteen of Iowa’s 21 benchmark
farms decreased in value in the last
six months of 2018, while two increased and five showed no change.
In Nebraska, eight farms declined in
value, six increased and four showed
no change. Twelve benchmark farms
in South Dakota showed no change
in value, four increased and seven
decreased in value. Wyoming’s cropland benchmark farm experienced a
4.2 percent increase in value and its
pasture unit improved 2.0 percent.
FCSAmerica appraises its benchmark farms twice a year, in January
and July. In addition, the cooperative compiles records from farmland
sales in its four states. The cooperative’s objective in using the benchmark farms is to track real estate values without the influence of changes
in land quality on sale prices.
South Dakota Celebrates “State Of Great”
With 2019 Governor’s Conference On Tourism
PIERRE, S.D. – The South Dakota
Department of Tourism is encouraging anyone interested in tourism,
marketing and hospitality to join the
2019 Governor’s Conference on Tourism Jan. 15-17 in Pierre.
“This year’s theme, State of Great,
celebrates the tourism industry’s
remarkable accomplishments, what
we strive to be year in and year out,
and our excitement to build upon
our success into the coming year,”
said James Hagen, Secretary of the
Department of Tourism. “This conference is an excellent opportunity
to gain inspiration and prepare for
another monumental year of tourism
in the state.
The annual conference brings
nearly 600 people from across South
Dakota and the United States together in Pierre to celebrate successes,
network with peers and educate
themselves on trends in the travel
and hospitality business.
“Our upcoming conference
features an impressive lineup of
nationally known travel and tourism leaders, hospitality speakers
and industry experts,” said Hagen.
“Speakers will touch on topics such
as marketing trends, customer
service and pressing issues in the
tourism industry.”
The closing banquet, held Thursday, Jan. 17, honors and recognizes
industry members for their contributions to tourism in the state. The
following awards will be presented:
•The Ben Black Elk Award recognizes an individual or group whose
hard work, passion and enthusiasm
have greatly influenced South Dakota’s visitor industry.
•The A.H. Pankow Award recognizes a member of the media whose
coverage and promotion of the
state’s visitor industry is unparalleled.
•The George S. Mickelson Great
Service Award honors two businesses/organizations that show an
outstanding dedication to excellence
in customer service.
•The Excellence in Tourism Innovation Award honors an industry
member or business for thinking
“outside the box” when it comes to
promoting their business and elevating the visitor experience.
•The Rooster Rush Cacklin’ Community Award honors a community
for fostering support of the Department of Tourism’s fall Rooster Rush
campaign.
•The Ruth Ziolkowski Outstanding Hospitality & Customer Service
Awards recognize individuals who
provide remarkable customer service and demonstrate an outstanding spirit of hospitality, warmth and
genuine kindness to visitors.
For more information about the
conference or to register, visit www.
SouthDakotaTourismConference.
com.
The South Dakota Department
of Tourism is comprised of Tourism
and the South Dakota Arts Council.
The Department is led by Secretary
James D. Hagen.
Job Openings At Interstate Information Centers
PIERRE, S.D. – The
lent communication skills.
South Dakota DepartThe Welcome Centers
ment of Tourism is now
are open seven days a
accepting applications to
week from 8 a.m.-5 p.m.,
fill seasonal positions for
and are located along
Travel Counselors and Suinterstates 29 and 90
pervisors at five Welcome
near Wilmot, Vermillion,
Center locations along
Chamberlain and Spearinterstates 29 and 90.
fish. Travel Counselors will
Travel Counselors are
also be stationed within
needed from May through
the Minuteman Missile
October (or September,
National Historic Site Visidepending on location) to
tor Center at I-90 Exit 131,
assist visitors with travel
which is located about 20
needs, answer questions
miles east of Wall, S.D.
and promote South DaThe centers near
kota’s travel opportunities. Vermillion, Chamberlain
Applicants must be high
and Spearfish will remain
school graduates, possess open until mid-October to
knowledge of South Daaccommodate out-of-state
rd
December 2nd history th & 10th, 16th & hunters and increased
17th • 1-3:00PM
kota’s & 3 , 9 and visitor
Bring Your Cameras! have basic numbers of travelers
attractions, and
computer skills and excelduring the fall season.
The Minuteman Missile National Historic Site Visitor
Center will also be staffed
with Travel Counselors
through mid-October. The
Wilmot Welcome Center
will close in mid-September.
Seasonal applications
may be obtained from
South Dakota Department
of Labor and Regulation
offices, or by visiting www.
SDVisit.com.
The application deadline is Friday, Feb. 1, 2019.
Contact Nate Johnson with
the South Dakota Department of Tourism at 1-800952-3625 with questions.
The South Dakota
Department of Tourism
is comprised of Tourism
and the South Dakota Arts
Council. The Department
is led by Secretary James
D. Hagen.
Find What
You’re
Looking For!
The Vermillion Area Chamber of Commerce and Development Company’s Governmental Affairs Committee
is pleased to share the 2019 dates for Legislative Session
events in Vermillion. These ever-popular Cracker Barrel
sessions will bring your District 17 Legislators, Senator
Art Rusch, and House Representatives Nancy Rasmussen
and Ray Ring in for a review of what is being discussed
during the 94th Legislative Session.
This year the Governmental Affairs Committee is
partnering with the League of Women Voters, the Clay
County Republicans and the Clay County Democrats to
host these two Legislative Cracker Barrels on Saturday,
Feb. 2 and Saturday, March 2. Both of these sessions will
take place from 9 a.m. to 11 a.m. and will be held at the
Vermillion City Hall Council Chambers, 25 Center Street.
“Our community and region is lucky to have engaged
leaders and citizens, and this is strengthened by opportunities such as local Cracker Barrels,” said Nate Welch,
president and CEO of the Vermillion Area Chamber & Development Company. “We take very seriously the opportunity to help elevate any discussion that will help folks
in the community make informed decisions about where
they live and work, as well as to communicate with their
elected officials. We look forward each legislative session
to assist in providing access to fruitful discussion with
our local legislators and sincerely hope folks will come
out to hear what’s happening in Pierre this session.”
These sessions are open to the public. Light refreshments will be provided by partners of the Governmental
Affairs Committee. For those individuals who are unable
to physically attend, the sessions will be livestreamed,
and further information will be released in the weeks
leading up to the event.
For more information on these events, please contact
Katherine Heine, Chamber director, at the VCDC offices
at 605-624-5571.
Public Comment
Period Opens On
Draft Multi-Hazard
Mitigation Plan
PIERRE, S.D. – A 30-day public comment period is now open
to take input regarding South Dakota’s state Multi-Hazard Mitigation Plan.
The plan is a federal requirement and is updated every five
years. The document details how the state would use federal
funding to mitigate hazards stemming from natural disasters
such as tornadoes or floods.
Tyler Steen, the recovery and mitigation manager of the
state Office of Emergency Management, says the plan is reviewed and updated by the state Hazard Mitigation Team, which
consists of individuals from various state agencies and who are
designated by the Governor. Steen says the team uses the plan
to establish statewide hazard mitigation goals, objectives and
categories.
“Our top priority is to protect people and property, including infrastructure, from all types of hazards,” says Steen. “We
also want to be able to support efforts involving local agencies
and tribes.”
The draft plan can found at: https://dps.sd.gov/download_
file/1655/0.
Comment period on the draft plan is open now until Feb.
7, 2019. Comments can be directed to the Office of Emergency
Management at 605-773-3231 or OEMInfo@state.sd.us.
The Office of Emergency Management is part of the Department of Public Safety.
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