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77.94 Acres located in Carrollton Township of Carroll County, IN. High Quality, Productive Farmland. Tract 1 sold for $300,000 and Tract 2 sold for $210,000. For more information on this property, visit the property page at halderman.com: http://www.halderman.com/real-estate/view-farm.php?id=4e21f036-6a5f-397e-7d26-4b57525dc1b8.

63 acres of good farmland, located in Tippecanoe Township of Tippecanoe County, IN, sold in one tract for $370,000 or $5,873 per acre. To view more information on this property, visit the property page at this link: http://www.halderman.com/real-estate/view-farm.php?id=8c98ab3e-779c-d4ce-b611-4b4f8e7870d9

395 Acres located in Deer Creek Township of Madison County, OH sold for $2,400,000 or $6,067 per acre in one tract. To view more information, visit the property page at this link: http://www.halderman.com/real-estate/view-farm.php?id=19980653-ce03-ca7b-4b26-4b1fc6f1eb00.

312 Acres located in Center Township of Benton County, IN sold for $1,850,000 or $5,929 per acre. To view more information, visit the property page at: http://www.halderman.com/real-estate/view-farm.php?id=e564f32f-f414-20f5-d315-4b1fcc4a93d0.

120 acres sold for $560,000. To view more on this property, click this link: http://www.halderman.com/real-estate/view-farm.php?id=3e447c62-a507-94bc-5d46-4b38ea25016f

Dean Retherford and Pat Karst, both employees of Halderman Farm Management and Real Estate Services, are officers of the Indiana Chapter of the American Society of Farm Managers and Rural Appraisers. The 2010 Officer Team pictured includes, L to R: Dean Retherford AFM – President Elect, Freddie Barnard – Secretary, Pat Karst ARA – President, Dee Carmichael ARA – Vice President.

The following information comes from the American Society of Farm Managers and Rural Appraisers (ASFMRA) Legislative Action News e-newsletter that is provided to members of the American Society. The Halderman Companies have several members of the ASFMRA, including all the company ownership and management team. For more information on ASFMRA, please visit their web site at www.asfmra.org. 

President Obama released his Fiscal Year (FY) 2011 budget today [Feb 2, 2010]. It proposes $3.8 Trillion in spending and a projected deficit of $1.27 trillion, or 8.3 percent of the gross domestic product (GDP). That comes after the deficit is expected to be $1.56 trillion, or 10.6 percent of GDP, in FY 2010.

The budget includes:

· Cuts to crop insurance of roughly $8 billion over 10 years via the Standard Reinsurance Agreement negotiation.

· Reduce the direct farm payment cap from $40,000 to $30,000 per person.

· Reduce the Adjusted Gross Income (AGI) test from $750,000 for farm income to $500,000 and the non-farm AGI from $500,000 to $250,000.

· Terminate cotton and peanut storage payment program.

· Cuts to the Environmental Quality Incentives Program (EQIP) of $380 million from 2008 farm bill authorized level of $1.588 billion.

Clearly, many of these proposals would require Congress to reopen the 2008 farm bill. Something it will be very reluctant to do.

139.66 acres sold to one buyer for $880,000. The property is lcoated in Waltz Township of Wabash County, IN. Excellent farmland, home & buildings. To view more information about this property, go to http://www.halderman.com/real-estate/vie.w-farm.php?id=10255

371.86 acres sold for $2,080,000. The property is located in Honey Creek Township of White County, IN. To view more information about the property, go to this link: http://www.halderman.com/listings/viewfarm.php?id=7207 .

74 acres in Marshall County, IN sold for $202,000. Recreational Land, 41 Wooded Acres. For more information on this property, visit the Halderman site: http://www.halderman.com/listings/viewfarm.php?id=7204.