Land Report Top Auction Houses: Hertz Farm Management
August 23, 2012 by Land Report Editors
Hertz Farm Management
www.hfmgt.com
$100 million
Who: Founder Carl F. Hertz is recognized as a real estate industry pioneer. In 1939, Hertz received his certification as one of the country’s first Accredited Farm Managers. Today the company he founded manages over 500,000 acres of Midwest farmland. In addition, Hertz Farm Management offers traditional brokerage services for both buyers and sellers as well as professional farmland auction services.
Where: Hertz Farm Management is based in Nevada, Iowa; the company works throughout the Midwest.
Why: “We specialize in working with Midwest farmland owners who do not farm the land themselves, helping them to better understand their farmland investment and all of the opportunities it holds financially and for future generations,” says Marketing VP Kurt Lokenvitz.
Wow: Hertz broke through the $12,000-plus per acre ceiling in Illinois last May with an auction of a Champaign County farm. The firm also had a number of farmland sales that topped $10,000 and $11,000 per acre.
Pictured Above: This 40 acre farm, located in Linn County, Iowa includes approximately 31 acres of cropland with an average CSR of 67.3.
Download the digital version of The Land Report’s Summer 2012 edition for our third annual roundup of the nation’s leading auction houses.
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