Our history

Roy Fischer is President and Lorraine Spahr is Vice President of Land Property Associates, Inc. Their work history includes the following:

  • Managed a $1.2 billion bond portfolio for Landmark Bancshares.

  • Created "from scratch" Land Financial Group, Inc., a retail stock brokerage company employing 65 people which was eventually sold to a Midwestern Bancorp.

  • Formed one of the first farmland limited partnerships in 1987 as noted by the publication, Financial World.

  • Formed Land Property Associates, Inc., a licensed real estate broker, in 1993 and an affiliated company, Farm Properties, GP, which invests in farmland, in 1996.

  • Formed a "pooled investment" in 2000, currently active, that invests in a combination of equities, bonds and farmland.

  • Created over 100 entities that acquired and sold tens of thousands of acres of farmland over the years.

Ben Fischer joined Land Property Associates, Inc. in 2017. His work history includes the following:

  • Assisted in managing a $1.1 billion debt portfolio related to commercial properties covering in excess of 20 million square feet.

  • Conducted project feasibility analysis for new development opportunities, analyzing acquisition and construction costs against future lease and sale income.

  • Assisted in securing and closing in excess of $950 million in commercial real estate loans (ranging in size from $1 million to $215 million) thru Life Company, CMBS, GSE and Bank funding sources.

what we do: buying, selling and managing farmland since 1987


Buying Farmland

As you can see under the tab "Why Invest," there are a number of good reasons why you would want to own farmland as an investment.  If you do decide to buy a farm, we can assist you by:

  • Helping you determine your investment criteria.

  • Identifying and valuing property that fits your criteria.

  • Working as your agent in acquiring the property.

  • Managing the property. See "Managing Farmland" below for additional information.

The first step in buying a farm is to enter into a buyer's agency agreement with Land Property Associates, Inc. ("LPA").  This agreement outlines the obligations and duties between LPA as the Broker and you as the Buyer.


selling farmland

The first step in selling your farm is to enter into a listing agreement with LPA.  The listing agreement will contain, among other things, the listing price.  The listing price is the price that you are willing to accept for your property.  Before determining the listing price, you should have a sense of the property's value.  We have valued many farm properties over the years and are well qualified to assist you in establishing a listing price for your farm.  Once the listing agreement is completed and signed we will:

  • Develop marketing materials which we will send to local landowners as well as investors outside of the area of your farm.

  • Develop and place signage on your property.

  • Advertise in local media and on our website.


managing farmland

When managing your farm, LPA will:

  • Identify a tenant and negotiate lease terms.

  • Collect rent, pay bills and make a distribution if applicable.

  • Provide an annual accounting of revenue and expense.

  • Identify improvements that will:

    1. Protect the integrity of the farm through soil conservation projects, many of which are subsidized by the State.

    2. Increase productivity.

    3. Increase market value.

our focus area: the western glaciated plains

Image via Google Maps

We focus our efforts on prime farmland located in a specific geologic area.  This area consists of bottomland and upland soils found primarily in Central and Northwest Missouri but also in Southwest Iowa, Northeast Kansas and Southeast Nebraska.  The upland soils are predominantly loess soils. 

Image via Kansas Geological Survey, Public Information Circular (PIC) 28

Loess, pronounced "luss", was created when the glaciers retreated along the Missouri River.  The glaciers left behind fine particles of silt that were swept up by the wind and deposited in certain areas (see above graphic for major Midwest deposits).  After the loess was deposited, prairie grass grew and died back over thousands of years, leaving the soil rich in organic matter.  These soils, some of which are 90 feet deep, are highly regarded for farming.