Ag News, March 12, 2013

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U.S. ag exporters will pocket more cash

U.S. ag exporters will pocket more cash in ’13 than last year…totaling around $145 billion, owing to high commodity prices and improving growth in the world economy, which bolster foreign buying. Volumewise, though, ag shipments will slip, because drought has zapped stocks of grains and oilseeds, reducing herds and flocks as well.

And volumes won’t pick up overall till fall… then only if normal rainfall returns across the middle of the country, a shift that appears to have started.
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FAPRI baseline report: corn prices drop, net farm income remains strong
From Agri-Pulse

WASHINGTON, March, 8, 2013- If average weather returns in 2013, economists at The Food and Agricultural Policy Research Institute (FAPRI) expect a record 2013 corn crop and corn prices to fall by $2 per bushel.

FAPRI, of the University of Missouri, sent its U.S. Baseline Briefing Book full of projections for the agricultural and biofuel markets to Congress today.

“In 2014 and beyond, average grain and oilseed prices remain well below the record levels of 2012/13, but well above the prices that prevailed prior to 2007,” states the report. “Corn prices, for example, average a little under $5 per bushel.”  Read more: http://www.agri-pulse.com/FAPRI-corn-prices-drop-farm-income-strong-03082013.asp

ASFMRA’s Ethics Requirement Update

Last year the ASFMRA Executive Council  put into place a policy that required members to take ethics every three years starting in 2014. The council then reversed that decision last month in a meeting in Reno. This will leave the requirement then at six years for all members as it currently is. 

ASFMRA requires all Associate, Professional and Accredited members to take the ASFMRA ethics course on a periodic basis.  This is to:

1. Ensure members know the Society’s rules on standards of professional practice and professional ethics
2. Ensure members periodically review ethics principles and are reminded how to apply them through the use of case studies
3. Ensure ASFMRA has concrete programs that demonstrate the commitment our members make to ethics professional practice to the purchasing public

Over the last few years the society has made changes to the class to make it less of a burden while endeavoring to keep it relevant and useful.  The class has been shortened it to a half day.  It is available through webinars to eliminate travel. In addition there have been numerous updates in the content.  

To counterbalance the shortening of the course, the Executive Council had previously decided to require the class every three years instead of every six.  That change was to take effect in 2014.  Since that decision was made, the Staff and Council have heard from many members and so decided to make the change back to a six year requirement.

We recognize that our members are among the most ethical in the business.  We hear that from state regulators.  That is in part why we use the marketing tag line “The Most Trusted”. If you have received notice from our Denver Office that you are due to take ethics, that notification is still valid.  If you are uncertain about your status, please contact Deanna Ilk at dilk@asfmra.org

Cost Approach for General Appraisers – Online!
A Partnership of the ASFMRA and the University of Missouri

ASFMRA in partnership with the University of Missouri is offering Cost Approach for General Appraisers online.  The course can be taken for state licensure or continuing education credit.  Those students interested in undergraduate or graduate college credit can take this course for that as well.  If you are a student at a university other than MU, please check with your university to find out how you can get college credit for this course.  This is the online offering of the ASFMRA Cost Approach for General Appraisers (A301). A Certificate of Completion from ASFMRA is awarded for successful completion of this course. All registrations will be taken by the University of Missouri.

About the Course
Cost Approach for General Appraisers is designed to meet the 30 hours of instruction in Cost Approach required by the AQB for qualifying education for Certified General Appraisers. The course covers all aspects of theory related to the Cost Approach, including site value, cost new, and how to estimate depreciation. The concepts are presented by use of lecture materials, drill problems, case studies and discussion questions.

Read more about this exciting online offering: http://www.asfmra.org/cost-approach-online/

Ag college enrollment up, but job gaps remain
By Sarah Gonzalez, Agri-Pulse

College-bound students are showing a growing interest in ag-related degrees, but their interests aren’t matching some employers’ needs for employees with more advanced degrees.

Opportunities on the graduate and doctoral levels are stymied by low federal research funding, according to Catherine Woteki, USDA’s Under Secretary for Research, Education, and Economics (REE).

“Master’s and Ph.D. degrees are related to research support,” she said. “We’ve done some analyses ourselves over decades and there’s a direct relationship between the level of research support going into the ag sciences and the number of master’s and Ph.D. degrees being awarded.”
Woteki added that “the most troubling trend” is the declining support for ag research from the federal government. “In the last 20 years or so it has been pretty flat. For the last two years there’s been a marked downturn because of the bad economic situation in the country and the constraints that Congress has been under,” she said.www.Agri-Pulse.com 13

The Presidential Council on Science and Technology (PCAST) released a report in December that concluded the federal government needs to increase agricultural research investments by $700 million per year and adjust USDA’s research portfolio so that external funding is increased.

“My concern is that the overall support for ag science from the federal government has been stagnant or declining (at) a time that we’re recognizing that so many of the big societal concerns are also tied to agriculture,” Wotecki said. She noted that there is “enormous interest and demand” in the private sector for graduates with an agricultural science background   particularly in areas related to health and obesity, food safety and feeding an ever-expanding population.

“There’s a lot of interest in food right now, and there are good jobs in the food and agriculture sector of the economy,”Woteki said. “From talking to deans at different colleges of agriculture across the country, they reported that the real growth areas are in programs that relate to ag and the environment. There’s also a lot of interest in human nutrition and food science   the less traditional areas of agriculture.”

The Food and Agricultural Education Information System (FAEIS) indicates increasing enrollments in the nation’s agricultural colleges over the past five years. And, according to data from 124 institutions, baccalaureate level enrollments in agriculture operations, family and consumer science, natural resources and conservation, and veterinary medicine programs increased since 2009.

Ian Maw, Vice President for Food, Agriculture, and Natural Resources at the Association of Public and Land-Grant Universities, cited FAEIS findings that indicate a 20-percent cumulative increase in enrollment for undergraduates and a nine-percent increase for graduate students from 2006 to 2011.

“I think there are a couple of reasons” for the increase, Maw said. “People are beginning to realize that agriculture is not the old agriculture of decades ago, but rather a new agriculture that is clearly science-based.”

However, seed companies, and particularly plant breeders, are in need of qualified graduates to fill job demand. “There’s a genuine concern out there about the number of people that will be available,” Maw said.

According to research-based agribusiness Syngenta, university level agricultural programs “have been generally meeting our needs” with high quality candidates. However, the company noted it does have challenges meeting demand for plant breeders.

“We encourage students and schools to make this a high priority, as the need is there but is not being fully met,” noted a Syngenta spokesperson.

USDA’s Woteki said she hears similar sentiments from deans of colleges of agriculture. “The area of most acute need is in the plant sciences, particularly for plant breeders and plant geneticists,” a need “largely attributable to the growth of the seed industry.”

New AFM, Matthew Foos

Matthew Foos took and passed the AFM exam last September. He wasn’t awarded his AFM designation at that time because his four years of experience were not complete.

He has now completed all his requirements and is receiving his designation.

Matt works for Farmers National Company in Dodge City, KS. If you would like to contact him to offer you congratulations, he can be reached at (620) 225-5445 or mfoos@farmersnational.com.

Fred Greder, ARA, appointed to Iowa Real Estate Appraiser Examining Board
By Larry D. Trede

Fred Greder,  ARA, owner, Benchmark Agribusiness, Mason City, Iowa has been appointed to the Iowa Real Estate Appraiser Examining Board.  The purpose of the Appraiser Board is to examine candidates, issue certificates, investigate violations and infractions of the law and rules, revoke, suspend or administer other disciplinary sanctions to persons found to be in violation of the law and/or administrative rules.  Fred has been sole owner of Benchmark Agribusiness since 1988.  He has been a State Certified Real Property Appraiser since 1991.  He joined the ASFMRA in 1984, earned his ARA in 1989, and was President of the Iowa Chapter in 2002. 

Chapter News

Colorado Chapter Meeting & Education

The Colorado Chapter of the American Society of Farm Managers and Rural Appraisers spring meeting will be held April 11 and 12 in Fort Collins.  This 1.5 day meeting will cover information on Colorado Water issues.  Because you are involved in agriculture, real estate and/or water, you should find this information of interest.  Should you have questions please contact Dan LeValley at the address shown on the attached registration or Eddie Lumpee, ARA.  We hope to see you at the meeting. Download the registration form or agenda.

News from the Appraisal Foundation

The next public meeting of the Appraisal Practices Board (APB) is approaching.  Please take the time to register for this meeting if you plan to attend.
Date/Time:
Friday, April 26, 2013
9:00 a.m. – 12:00 p.m.
 
Location:
The Sheraton Austin at the Capitol
701 East 11th Street
Austin, TX 78701
Get complete info: http://a.ss7.chennells.com/new/en_send_preview_iframe2.aspx?SID=0&SiteID=933&NewsletterID=964353&EmailID=97575054&HitID=1361993486679&token=c25ada9413b7cf583142eac9a311a7328de93a73

The Appraisal Standards Board (ASB) has issued the following exposure drafts:
 
Exposure Draft of Proposed Changes to ADVISORY OPINION 13 (AO-13), Performing Evaluations of Real Property Collateral to Conform with USPAP
 
Link:  https://appraisalfoundation.sharefile.com/d/s369fd55dd804257b
Issued on January 23, 2013
Written comments requested by March 22, 2013
 
Exposure Draft of Proposed Changes to ADVISORY OPINION 21 (AO-21), USPAP Compliance
 
Link: https://appraisalfoundation.sharefile.com/d/s2383e4892964e7da
Issued on February 22, 2013
Written comments requested by March 25, 2013
 
Send comments to: ASBComments@appraisalfoundation.org

2013 National Land Conference—LAND:  THE REAL DEAL
March 18-20 in Las Vegas, Nevada at the historic Flamingo Hotel

The best in the land business will convene at the one-and-only 2013 National Land Conference to learn from expert presenters and from each other—while building relationships and making deals.  World renown economists, including an expert in the sustainability of current farm and land values; the RLI Government Affairs Liaison; and experts in the areas of minerals and surface conflicts, climate change and impact on land, wind and solar leases, auctions, vineyards, investment strategies, technology and the land business, sales tactics, and agricultural investing will be sharing relevant information to help build knowledge and productivity. 

To learn more about the event which will include networking opportunities and RLI’s GREATEST COWBOY AUCTION ON EARTH, visit http://www.rliland.com/2013-national-land-conference.

FHA Webinar – 3/20/13

Webinar Title:   Appraisal Frequently Asked Questions
Event Duration:   March 20, 2013 from 11:00 AM to 12:00 PM Eastern
Registration:  http://www.visualwebcaster.com/event.asp?id=92580

Beyond the Bean Magazine

Some of you may have received multiple issues of Beyond the Bean magazine, published by the United Soybean Board (USB). An error in their mailing list inadvertently caused duplicate copies of the publication to be sent to some soybean farmers. USB apologizes if you received more than one copy and wants to assure you that the soy checkoff has been reimbursed for the costs of this mistake. If you have questions regarding this matter, please contact Neil Caskey at 1-888-235-4332 or click here to send an electronic message. http://www.unitedsoybean.org/about-usb/contact-us/

NEIL CASKEY
VP, MANAGING DIRECTOR
NEIL.CASKEY@OSBORNBARR.COM
(314) 236-6907 DIRECT
(314) 306-9076 CELL

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