January 21, 2018
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Vermeer retires, new vice president of real estate operations announced

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Farmers National Co. has announced that Lee Vermeer, vice president of real estate operations, has retired after leading the company’s real estate and appraisal business lines for the past 11 years.

Vermeer first joined Farmers National Co. in 1982 as a farm manager and real estate agent in Sioux City, Iowa. He was quickly promoted to regional vice president, based in Columbus, Ohio, then moved up to the position of area vice president/area sales manager for Ohio, Indiana, and Illinois.

Under his management, the real estate department has seen strong performance in its sales business. Growth peaked in 2012 with a record of over $640 million in gross sales from 850 properties. The appraisal department has also grown under Lee’s direction from two state-certified appraisers to over 20.

“Lee’s leadership and professional standards have been key to our growth and success over the past 30 years,” said Jim Farrell, president of Farmers National Company. “He has been a great spokesman for us throughout the country. We have developed the premier real estate team in the country under his watch.”

Over the years, Vermeer has been an active member of Farmers National Co.’s management team, including service on its long range planning committee and board of directors. He has also been very active in various professional organizations, earning both the Accredited Farm Manager (AFM) and Accredited Land Consultant (ALC) designations.

Derrick Volchoff, ALC, has joined Farmers National Company as its new vice president of real estate operations. Volchoff, originally from Michigan, spent the last three years in western Nebraska managing an international real estate division serving landowners and clients. Volchoff earned a real estate license at the age of 20 while studying at Central Michigan University. He has also completed many hours in graduate level program in real estate.
“We are excited to have Derrick as a key member of our team,” said Farrell. “His entire career in the real estate industry has covered nearly every aspect of the business with a concentration of the last 10 years in the farmland business. As our new vice president of real estate operations, he will be responsible for working with area sales managers, appraisal managers, appraisers, sales associates, and farm managers ensuring the highest level of service to the clients and customers of Farmers National Company.”

Farmers National Co., an employee-owned company, is the nation’s leading agricultural real estate and farm and ranch management company. The company has sold over 3,500 farms and more than $2 billion of real estate during the last five years. Farmers National Co. currently manages more than 4,700 farms in 24 states. Additional services provided by the company include auctions, appraisals, insurance, consultation services, oil and gas management, lake management and a national hunting lease program. For more information on land listings in your region, visit the Farmers National Co. website at www.FarmersNational.com.