#realestate, #cre, #commercialappraiser FW: Senate Passes Flood Insurance Bill

#realestate, #cre, #commercialappraiser 
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Curtis D. Harris, BS, CGREA, REB
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From: REALTORS® Land Institute [mailto:[email protected]] On Behalf Of REALTORS® Land Institute
Sent: Friday, January 31, 2014 2:37 PM
To: [email protected]
Subject: Senate Passes Flood Insurance Bill

 
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REALTORS® LAND INSTITUTE 
Land News Monthly Recap
January 2014 

 

 

Now Covering International News to Keep Members Current on the International Market

 

 

Senate Passes Flood Insurance Bill The United States Senate voted 67-32, yesterday to approves the Homeowner Flood Insurance Affordability Act (S. 1926). The legislation calls for a four-year timeout on rate increases triggered either by a property's sale or a flood map update for a property with previously grandfathered rates. The bill also creates a flood insurance advocate within the Federal Emergency Management Act (FEMA) to investigate home owner complaints of multiple different or excessive rate quotes. The bipartisan measure heads to the House of Representatives. Government affairs representative are working to encourage this bill be passed. More.
  We have a voice! More Government Affairs Updates.

 

 

Farm Bill Passes in House, Heads to Senate

  After three years of negotiations, the United States House of Representatives approved a $956,400,000,000 farm bill today. The measure passed 251 to 166. The legislation makes significant changes to the nation's farm support programs, and cuts billions of dollars in federal food stamp aid. The Senate is expected to give final approval and then send to the White House to be signed into law. The bill, nearly two years behind schedule, continues the congressional tradition of marrying the nation's agricultural policy with money for the federal food stamp program, which usually accounts for 80 percent of the bill's funding. 
The bill authorizes the end of direct government payments made to farmers, revamps and consolidates dozens of federal conservation programs, tweaks several subsidy programs for the nation's crops, and cuts billions of dollars in federal food stamp money. According to the Congressional Budget Office, the measure is expected to cut federal spending by $16 billion over the next decade.
 
Farm Bill Summary
 

Full Farm Bill Legislation
   We have a voice!

 


 

Letter to Senate Finance Committee on Tax Reform

 On January 16, the REALTORS® Land Institute officially signed onto a letter to the Senate Finance Committee stressing the severe, widespread effects the Committees cost recovery and accounting tax reform discussion draft letter could have on U.S. real estate activity. The proposed reforms could reduce real estate investment and development, ultimately lower real estate values and crippling the industry's ability to create new jobs. Read the full letter .  

 

 

More Land In the News
January 2014
 
*INTERNATIONAL Bulgaria lifts ban on selling farm land 
Bulgaria's highest court has overturned parliament's decision to extend a ban on the sale of farm land to EU citizens until 2020, bowing to warnings by the European Commission. 

 
Lessons from a small farm start-up
List of things that worked for small farm start-up, in case you're dreaming (or acting on the dream) of starting one.
*INTERNATIONAL Rezoning farmland for industrial use meets challenge

A Clatskanie farmer and an environmental group say they will challenge Columbia County commissioners' decision Wednesday to rezone 837 acres of farmland for industrial uses at Port Westward. 
 
Lower crop prices trim demand for Nebraska ag land 
The drop in corn prices dampened demand for farmland in Nebraska and cooled off the hot seller's market. 
 
Land Conservancy preserved more than 4,000 acres in past year 
Western Reserve Land Conservancy preserved 51 properties and over 4,000 acres in 2013, marking one of the best years ever. 
 
Land value increases slowing but odds against major collapse 
Odds are against a major collapse in land values like that seen in the 1980s.   
Land bank aims to fight Philadelphia blight
New land bank will make it easier to manage, sell and rehabilitate vacant properties that are eyesores, tax liabilities and magnets for crime. 
 
Northern U.S. farmland values leveling off
There were clear signs the market for average quality crop and grazing land was leveling off in 2013 according to Farm Credit lender. 
  
Forecast predicts limited supply of water west of continental divide
USDA predicts limited water supply west of continental divide and normal supply east of continental divide.
  
Oklahomans can help guide the Bureau of Land Management Plan
The Bureau of Land Management wants help from public in determining how its resources should be used in Oklahoma, Texas, & Kansas.
  
Forestry, a viable farm land use option for farmers
Strong demand for appointments at last year's clinics indicates the extent of interest among farmers and land owners in afforestation. 
  
Land sales remain strong, auction levels high
Land sales finished strong in 2013, spurred by good farmer demand for additional land, according to Farmers National Company.

Idaho growers turn rock piles into farm land
Idaho farmers are looking to cover rock outcroppings with dirt to grow their farms and remove obstacles.  

Real Estate Surge Poises Zillow And Trulia For Battle
Zillow and chief rival Trulia have been working harder, and spending more, to attract consumers, agents and advertisers to their sites.

Market Report: Markets Heating Up
Land sold in the first half of 2013 set percentage increases reminiscent of the heady 2004-2005 era.

Farmland Values Steady Despite Decreased Crop Prices
Inside look into the state of farmland values from grain prices, South American crop condition, China, and the weather.

10 Factors that Drive Farmland Value
As the agricultural industry becomes more global, so do the factors impacting your farm. 

How young farmers looking for land are getting creative
With the wave of interest in local food, a new generation of young farmers are trying to grow it while staying close to the city. 
Farm Bureau to keep pressing for tax relief in legislative session (Audio)
Taxes remains the top issue for the Nebraska Farm Bureau going into the legislative session, both cutting them, and preventing more.
Agriculture industry looks ahead to 2014

Items on the forefront in the ag industry for 2014: new farm bill, renewable fuels, crop production, livestock production and land values.
 
Restoring ranch land for a profit, and a "trout dividend"
Jay Ellis saw real value of a flat, cattle-trodden pasture when he bought this 204-acre ranch as a premier private fishing retreat.
 
Pine plantations provide optimum conditions for natural forests to develop underneath them
Journal indicates that native forests can be restored, thanks to the process known as ecological succession
 
Officials announce 2014 military housing allowance rates
The 2014 basic allowance for housing rates for service members released for 2014 represent an average increase of 5 percent.
 
Land swap deal next step for proposed Detroit entertainment district 
Land swap of 180 properties between owner of the Red Wings, the city of Detroit, and two quasi-public agencies is moving forward. 
 
Land-use dispute doesn't stop fun in the snow
Park developer's plan to build a terrain park at Sports Complex has been stalled by disagreements between Eagle and Ada County.
 
Sinking Land Brings Calls for Pumping Alternative
Amid a drought, a growing population and a dwindling supply of surface water, Texas is searching for underground water resources.
 
Developers Using Farming to Sell Suburban Homes
Make way for a new subdivision amenity: the specialty farm. A New model for development is springing up across the country.

 
    Missed an Article or Newsletter? All articles published in our weekly LandNEWs update can also be found on our website, as can archive copies of our LandNEWs weekly newsletter.  

 


 



 

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