As China Goes, So Go Commodities
By Todd Young, Sword Commodities, Tulsa, OK
You want to know where the global commodities markets are heading in the coming years? Then it’s probably best that you remember a single word: China.
As the biggest & one of the fastest-growing of the world’s developing economies, China has become a voracious consumer of industrial & agricultural commodities. Its shifting needs are now the most important driver in the prices of many of those goods. Producers often base massive capital investments largely on their expectations for Chinese demand for their products. Investors often make similar calculations before buying or selling commodities contracts or related securities
That’s why no single factor is likely to have a more far-reaching impact on commodities markets over the next few years than how Chinese demand changes as the country’s economy evolves. “That’s the big question,” says Richard Adkerson, chief executive of Freeport-McMoRan Copper & Gold Inc.
So what’s the answer? Here are 3 possible economic scenarios & what each would mean for global commodities markets. Read more>>As China Goes
If you were King or Queen for the day, what major changes would you make to ASFMRA?
Yes, we really do want to know what major changes you would make to the ASFMRA organization. Now is your chance to tell us. Grab a fresh cup of coffee and take a few minutes to share your thoughts by completing the 2012 Membership Survey.
The ASFMRA Executive Council will review your comments and the survey summary during their meeting in March as they evaluate the ASFMRA strategic plan.
Time is limited as the survey will close on Friday, January 20. Thank you in advance for taking the time to provide your input.
2012 Membership Directory – Check Your Listing
The ASFMRA 2012 Membership Directory information will soon be pulled, printed, and published. Make sure your listing is correct.
Simply go the ASFMRA Web site (www.asfmra.org), log in (your Username is your first and last name, altogether, no spaces and your Password is your member number), and choose Update Profile. Information listed there will include: your main contact information, phone/e-mail information, your membership information, disciplines, your qualifications, degrees you have earned, other designations you hold, your mailing address, and your alternate address.
Your listing in the ASFMRA 2012 Membership Directory will come from this information. Remember: Your directory listing consists of your name, membership classification, mailing address, telephone/fax numbers, e-mail address, Web site, and any additional designations you have listed that you hold.
Please review this information and make any necessary changes to ensure your listing in the Membership Directory is correct. You may also contact Jeremy Lewis at 303.692.1218 or firstname.lastname@example.org with your changes.
Welcome New and Reinstated Members
Thank you for being a part of the ASFMRA! Help the ASFMRA welcome our new and reinstated members. The ASFMRA appreciates every member for choosing the Society as the association you desire to affiliate with. The ASFMRA continues to make every effort to offer member services which will be of benefit to you professionally and personally.
We are recognizing new and reinstating members of the Society on a monthly basis. You may recognize your fellow peers in the following list and we encourage you to welcome them into the membership of the ASFMRA.
- Sondra N. Brancel with Badgerland Financial in Endeavor, WI (Wisconsin Chapter)
- James A. Franzen with Farmers National Company in Algona, IA (Iowa Chapter)
- Michael F. Gomes with Wells Fargo in Visalia, CA (California Chapter)
- Lloyd Johnson with Farmers National Company in Broken Bow, NE (Nebraska Chapter)
- Rick Kerchenfaut with Kerchenfaut Appraisals in Gibson City, IL (Illinois Chapter)
- Notie H. Lansford, Jr. with Oklahoma State University in Stillwater, OK (Oklahoma Chapter)
- Jeff Moon with Farmers National Company in Fremont, NE (Nebraska Chapter)
- Danielle Tenner with Badgerland Financial in Sparta, WI (Wisconsin Chapter)
- Tyler Urban with Farm Credit Services of America in Sioux Falls, SD (South Dakota Chapter)
- Michael H. Vandborg with West Coast Ag Management Inc. in Bakersfield, CA (California Chapter)
- Robert J. Walter with Gray Plant Mooty in St. Cloud, MN (Minnesota Chapter)
- Rodd D. Whitney with Monsanto in Omaha, NE (Nebraska Chapter)
Basic Appraisal Principles – A101
February 22 – February 25, 2012, Doubletree Hotel Denver, Denver, CO
This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. The course will provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as basic appraisal principles.
Appraisal Procedures – A102
February 26 – February 29, 2012, Doubletree Hotel Denver, Denver, CO
This course will prepare the appraiser student to apply basic appraisal principles and concepts. The student will employ a step-by-step valuation process, including defining the problem, collecting and analyzing data, reaching a final opinion of value and communicating the appraisal. The students will also complete key sections of an appraisal report and receive an introduction to property description and construction and design basics.
California wine industry finding friend in western bluebird
From Western Farm Press
With its bright blue back and rust-colored chest, it’s easy to see why the western bluebird is a frequent birder’s favorite. Soon viticulturists may number among its fans as well.
Nat DiBuduo, AFM Receives CAWG Leader of the Year Award
FOR IMMEDIATE RELEASE
January 5, 2012
San Joaquin Valley native recognized for his record of exceptional leadership
Sacramento, Calif. – The California Association of Winegrape Growers (CAWG) recognized Nat DiBuduo, president of Allied Grape Growers, as CAWG Leader of the Year. The award is presented to the grower whose personal commitment and record of leadership has benefitted California’s wine industry. DiBuduo is the first recipient of the award which CAWG created to inspire leadership and to acknowledge members who exemplify the strength and influence of the association.
“Nat is most-deserving of this recognition and high honor,” said Bill Pauli, chair of CAWG. “Nat stands up and fights on behalf of all California growers. He is a tenacious advocate for our industry and we’re all better off because of his leadership.”
DiBuduo was born and raised in the Fresno area. He earned a BS degree in Plant Science/Viticulture from California State University, Fresno. But his career path in agriculture was set long before college.
“My grandparents are originally from an agricultural community in southern Italy,” said DiBuduo. “They immigrated to the U.S., in the 1920s and settled in Fresno where they became farm laborers. They worked long, hard hours to buy their first ranches here. Agriculture was a way of life for my ancestors and it just follows that it would be my birthright, too.”
DiBuduo credits a family-owned winery for his winegrape roots and experience. DiBuduo says his family’s winery was among the first to plant varietal wine grapes in the San Joaquin Valley and provided him the valuable industry experience in grape production and processing.
Since 2000 DiBuduo has been President of Allied Grape Growers (AGG), a California winegrape marketing cooperative, with nearly 600 grower-members throughout the state. Under his leadership, the AGG staff was honored with the 2011 BP&F Ag Business Award (Baker, Peterson & Franklin, CPA, LLP presents the award to an agribusiness or farming entity headquartered in the San Joaquin Valley).
DiBuduo’s past work experience has ranged from independent consultant to overseeing the farm management of 24,000 acres of wine grapes, nuts and vegetables.
“Nat’s experience is virtually without competition,” said John Aquirre, CAWG president. “One of the reasons why CAWG is such a powerful advocate for growers, up and down the state, is because we have the voice of Nat DiBuduo.”
When he’s not going to bat for growers, DiBuduo is involved in a number of local activities, boards and organizations including the Fresno City Planning Commission, Agricultural Council of California, The Wine Institute, California Association of Winegrape Growers and the CSU Fresno Viticulture & Enology Industry Advisory Board.
DiBuduo is also a valuable resource to the Fresno County Farm Bureau, where he serves as Land Use chairman. In 2007 DiBuduo was named Agriculturist of the Year by the Greater Fresno Area Chamber of Commerce. Nat was recently appointed to CSU Fresno’s Foundation Board of Governors.
“He’s an award-winner because he’s done it all from A to Z,” said Pauli. “Nat has developed, grown, harvested and marketed 30 different varieties of grapes, from Alicante Bouschet to Zinfandel.”
While agriculture matters a great deal to DiBuduo, his number one priority has always been family. DiBuduo and his wife Marilyn have been married for 39 years and have three grown children: daughters Nicole and Analise and son Marcus. They are also the proud grandparents of four grandchildren. DiBuduo says the number one priority is to take care of your family the best you can, and help each of them individually achieve personal success.
CAWG’s Leader of the Year award will be presented at the association’s Annual Meeting and Awards of Excellence reception on Jan. 24, 2012, in Sacramento.
Chapter News & Announcements
The Arizona Chapter will offer the 7-hour USPAP update on Thursday, February 23 and then host their annual Spring Ag Outlook Forum on Friday, February 24, in Tempe. Go to www.asfmraaz.com or Contact Mark Keller or Shawn Wood for more information: email@example.com; firstname.lastname@example.org.
The Arizona Chapter will hold the annual Chapter Meeting Thursday, February 23rd from 5:30 – 7:30 with beverages, food and a business meeting. Please contact Shawn Wood at email@example.com for more information.
The Missouri Chapter meeting will be March 8/9, 2012 at the Capital Plaza Hotel in Jefferson City, MO. March 8 will be USPAP update. March 9 will be Highest and Best Use seminar. LeeAnn Moss, ARA, will be the instructor. For additional information call Boyd Harris at 573-682-6500 or email firstname.lastname@example.org
Texas Chapter ASFMRA Spring Meeting & Continuing Education
7-hour USPAP Update, Thursday and Friday, February 23-24, 2012, Hyatt Place ~ Fort Worth Historic Stockyards
California Trends Featured on Federal Produce Policy
California Chapter’s 2011 Land Values Trends report is referenced in the Federal Produce Policy:
Robin Erdmann in Petaluma, California passed away on December 22, 2011. Robin was welcomed into the membership of the ASFMRA on January 1, 2007. He maintained his Associate membership with Society. He was an active supporter of the association and the industry. Robin made many friends through his association with the ASFMRA. He will be missed. Our thoughts and prayers are with his family.
Larry M. Evers, AFM, ARA in Dwight, Illinois passed away in November 2011 after a battle with cancer. Larry’s brother, Carl L. Evers, ARA informed the ASFMRA of this sad news. Larry was welcomed into the membership of the ASFMRA on July 7, 1973. He obtained his Accredited Farm Manager (AFM) designation and went to the Accredited classification on January 1, 1976. On November 1, 1991, he obtained his Accredited Rural Appraiser (ARA) designation. Larry made many friends through his association with the ASFMRA. He will be missed. Our thoughts and prayers are with his family.
Ross A. House, AFM in Golden Valley, Minnesota passed away on December 12, 2011. Ross became a member of the Society on February 13, 1979. He obtained his Accredited Farm Manager (AFM) designation and went to the Accredited membership classification on September 1, 1983. Ross made many friends through his association with the ASFMRA. He will be missed. Our thoughts and prayers are with his family.
Thomas Rittgers, AFM-Retired in Ames, Iowa passed away on December 31, 2011. Tom was welcomed into the membership of the ASFMRA on June 15, 1959. He obtained his Accredited Farm Manager (AFM) designation and went to the Accredited classification on January 1, 1969. He maintained his Accredited membership until October 30, 1989 when he transferred to Retired. He was an ASFMRA member and Iowa Chapter member for more than 50 years. He served as President of the Iowa Chapter in 1969. He worked for Hertz Farm Management for 33 years. He was quite active in the ASFMRA and Iowa Chapter and will be missed. Cards may be mailed to the Rittgers Family at the Bacon Funeral Home, 1418 Fawcett Parkway, Nevada, Iowa 50201. http://www.legacy.com/obituaries/desmoinesregister/obituary.aspx?n=thomas-rittgers&pid=155308645&fhid=6945&eid=sp_shareobit
Dennis Warren, a longtime member and friend of the Montana Chapter, passed away December 12, 2011 in Billings, MT. He was a member of the ASFMRA in the 70s, 80s, and 90s. Dennis started his career in Rural Appraisal in 1974 with Equitable Life Insurance Company, and then started Warren Land and Livestock in the early 90s. He leaves behind 2 children, 4 grandchildren, and many friends in the appraisal profession. A memorial service will be held in February.
Update Your Calendars with the Latest Meetings and Education Schedule
Stay current with all the programs and activities taking place within ASFMRA and the industry. Bookmark the ASFMRA website and check the calendar regularly. View the complete schedule of ASFMRA courses.
7/16-20 ASFMRA Summer Education Week – Des Moines, IA
9/9-13 Leadership Institute – Washington, DC
10/28-11/2 ASFMRA 83rd Annual Convention & Trade Show (Agronomics) – Indianapolis, IN
1/11-13 Wyoming Chapter Annual Meeting & Education – Casper, WY
1/11 Appraising Residential Properties – Casper, WY
1/11 Farm Management/Agricultural Consulting I – Fresno, CA
1/12 7-Hour National USPAP Update Course – Casper, WY
1/13 Appraisals Through the Eyes of the Reviewer – Casper, WY
1/12-13 Kentucky Chapter Annual Meeting & Education – Lexington, KY
1/12 7-Hour National USPAP Update Course – Lexington, KY
1/17 7-Hour National USPAP Update Course – Effingham, IL
1/18-19 Ohio Chapter Annual Meeting – Worthington, OH
1/18-20 South Dakota Chapter Winter Education and Joint Meeting with PAASD – Chamberlain, SD
1/19 7-Hour National USPAP Update Course – Chamberlain, SD
1/20 Appraising Natural Resources Seminar – Chamberlain, SD
1/23-24 North Dakota Chapter Meeting & Education – Fargo, ND
1/23 7-Hour National USPAP Update Course – Fargo, ND
1/23-25 Valuation of Conservation Easements – Sacramento, CA
1/24 Appraisals Through the Eyes of the Reviewer – Fargo, ND
1/25-26 Minnesota Chapter Annual Meeting & Education – Mankato, MN
1/25 7-Hour National USPAP Update Course – Mankato, MN
1/26 Capital Improvements, Budgeting & International Consulting – Mankato, MN
1/26 7-Hour National USPAP Update Course – Sacramento, CA
1/26-27 Idaho-Utah Chapter Annual Meeting – Logan, UT
1/26 7-Hour National USPAP Update Course – Logan, UT
1/27 AgWare ClickForms Presentation – Logan, UT
1/27 The Appraisal Foundation Advisory Council General Session Meeting – Washington, DC
1/30-31 Oregon Chapter Annual Meeting and Education – Keizer, OR
1/30 ASFMRA Best Business Ethics Class – Keizer, OR
1/31 7-Hour National USPAP Update Course – Keizer, OR
1/31-2/2 Iowa Chapter Annual Meeting – Ames, IA
2/7-8 Montana Chapter Annual Meeting & Education – Billings, MT
2/7 7-Hour National USPAP Update Course – Billings, MT
2/8-9 New Mexico Chapter Meeting – Ruidoso, NM
2/10 7-Hour National USPAP Update Course – Ruidoso, NM
2/10 Appraisal Standards Board – Savannah, GA
2/13-14 Indiana Chapter Winter Annual Meeting & Education – Lafayette, IN
2/14-16 Nebraska Chapter Annual Meeting & Education – Kearney, NE
2/14 Sales Comparison Approach Seminar – Kearney, NE
2/15-16 Colorado Chapter Spring Meeting & Education – Colorado Springs, CO
2/15 7- Hour National USPAP Update Course – Bloomington, IL
2/16 7- Hour National USPAP Update Course – Colorado Springs, CO
2/16-17 Illinois Chapter Annual Meeting – Bloomington, IL
2/22-24 Kansas Chapter Annual Meeting & Education – Salina, KS
2/22 7-Hour National USPAP Update Course – Salina, KS
2/23 Animal Agriculture’s Story: Economics, Impacts, Perceptions and Ramifications – Salina, KS
2/22-25 A101 Basic Appraisal Principles – Denver, CO
2/23-24 Texas Chapter Spring Meeting and Education – Fort Worth, TX
2/23-24 7- Hour National USPAP Update Course (2 Half Days) – Fort Worth, TX
2/23-24 Arizona Chapter Spring Ag Outlook Forum – Tempe, AZ
2/23 7-Hour National USPAP Update Course – Tempe, AZ
2/26-29 A102 Basic Appraisal Procedures – Denver, CO
3/5-6 A360 Introduction to Appraisal Review – Denver, CO
3/7-9 A370 Appraisal Review Under USPAP
3/8-9 Missouri Chapter Annual Meeting and Education – Jefferson City, MO
3/8 7- Hour National USPAP Update Course – Jefferson City, MO
3/9 Highest & Best Use Seminar – Jefferson City, MO
3/15-16 North Carolina Chapter Spring Meeting & Education – Cary, NC
3/15 7-Hour National USPAP Update Course – Cary, NC
3/16 Appraising Rural Residential Properties – Cary, NC
3/19-22 A301 Cost Approach for General Appraisers – Denver, CO
3/21 Iowa Chapter and RLI Spring Seminar – Ames, IA
3/21-22 Illinois Land Values Conference – Bloomington, IL
3/28-29 California Chapter Spring Ag Outlook Conference – Visalia, CA
4/2-4 A250 Eminent Domain – Denver, CO
4/9-12 A102 Basic Appraisal Procedures – Austin, TX (FCB)
4/12-13 Washington Chapter Spring Meeting and Education – Prosser, WA
4/23-26 A302 Sales Comparison Approach for General Appraisers – Denver CO
4//30 – 5/2 Valuation of Conservation Easements & Other Partial Interests – Denver, CO