Quarterly Update With Pat Karst

By Lindsay Humphrey

07 /22 /23

Halderman invites their customers every other year for a day of education, fellowship, and community. This year’s Owner Field Day will be on September 6 & 7 at the Swan Lake Resort in Plymouth, Indiana.

“We’ll have our semi-annual staff meeting, and then we’ll meet our clients for some social time that evening,” said Halderman’s Vice President Pat Karst, who’s looking forward to the event. “The next morning, we’ll have some classroom-style learning from Richard Brock of the Brock Report. ”

Richard will discuss current grain prices, supply and demand issues, and an outlook for grain prices this fall and into 2024.

Of course, Halderman President Howard Halderman will talk about the current economy and how that affects land values and the subsequent cash trends coming in 2024.

A quick overview of seed production from Pioneer Hybrids will lead into lunch and the afternoon’s field trip.

“We’ll head out on buses and watch seed corn being harvested before we tour one of the largest seed corn processing facilities in the United States,” Karst said. “It’ll be a fun, big day.”

New Hires

Kathie Wittmer – coming to us with experience in commercial real estate, Kathie was a farm girl born and raised. She wanted to get back to her roots, and farm real estate was a great way to do that. Later this fall, she’ll be our primary farm appraiser in the northwestern part of the state.

Jake Halderman – a second-year intern, Jake is Howard’s oldest son who intends to join the company after graduating from Taylor University. His primary focus this summer is mapping all the farms. Halderman manages to keep track of everything going on with those clients. He’s also a licensed drone pilot, so he’s doing a lot of drone flights for Halderman properties.

Emma Thompson – joining us from Indiana State University, Emma will add some depth and fresh ideas to the marketing department.

Looking Forward

Even though temperatures are still sweltering, fall is right around the corner. Halderman is looking forward to some large sales on their calendar. One boasts 1,400 acres, while the other is over 2,300.

“Land prices are holding steady, especially for the good tracts of land,” Karst said. “Some of the marginal pieces of land – the places that are hard to get into or have lots of trees, things like that – are still selling, but not as quickly as they were before.”

The housing market also appears to be slowing down in some parts of the country.