Ag News, January 31, 2012

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Mega Investor Jim Rogers Rates Agriculture No. 1

From LandOwner Newsletter:  Want to invest like the mega fund managers? According to one of the world’s most accomplished investors, you already are — if you own farmland.

The top place to invest for the next decade-plus is ag commodities, says billionaire investor Jim Rogers. Rogers first made his mark with the famous Quantum Fund, which he cofounded with George Soros in 1973. According to reports, the Quantum Fund gained 4,200% during its first decade of operation.
Login to Member Benefits to download the entire issue:
Your Login is your first and last name with NO spaces. Your password is your member ID number. Please call or email Jeremy at 303-692-1218 or if you need assistance logging in.

Stand Out Even Among the Land Experts!

Advertise your business in the ONLY directory dedicated to the Most Trusted Land Experts of ASFMRA. The 2012 Membership Directory will be released in March of 2012.  Be sure that your name and business stand out by reserving your advertisement space now.  Visit the ASFMRA website to see all the different ad size and price options.  Deadline to advertise is Feb 15th – don’t miss out!  Contact Cheryl at or visit  for more information.

Updates from Kiplinger Agriculture Letter
($137/Year exclusive ASFMRA member benefit)

Energy: Look for oil and natural gas prices to follow different paths this year.
For crude oil, they’ll rise and fall…tight supplies, worry about disruptions and questions about global economic growth will drop crude into the low $90s/bbl. in late winter.

Pests & Disease: Amid difficulties with deer overpopulation in the Midwest and Northeast…A natural solution, by way of a virus…called epizootic hemorrhagic disease. Carried by biting midges, the virus infects deer often in the Southeast, helping them to build up resistance. Meanwhile, it kills deer sporadically in late summer and fall in North Central states, and ’11 losses were heavy in Mont., N.D., S.D. and Wyo. Outbreaks occurred, too, in Mich., N.J. and Maine, where the disease rarely visits.

USDA Payments: If farmers making over $250,000 a year were denied crop subsidies… Nearly 10% of U.S. farmers would be cut off from federal crop payments. That’s the result of analysis using ’07-’09 farm income and USDA payments data to estimate the number and size of farms that wouldn’t qualify for USDA support.

Livestock: With meat and dairy output lagging globally… U.S. exports are in high demand. That’s good news for producers, since U.S. consumption of those items is flat. Meanwhile, world feed grain stocks are ample. That’ll soften foreign demand for U.S. grain and help to keep domestic feed affordable this year. Copyright 2012. The Kiplinger Washington Editors, Inc.

Login to Member Benefits to download the entire issue:
Your Login is your first and last name with NO spaces. Your password is your member ID number. Please call or email Jeremey at 303-692-1218 or if you need assistance logging in.

Wine Demand Outstripping Supply
By Jim Gordon, Kate Lavin and Andrew Adams, Wines & Vines

Nat DiBuduo, AFM, President of Allied Grape Growers shared the news that the Wine Industry inventory is balanced for the first time in several years.  DiBuduo said the possibility of shortage could work in favor of growers during pricing discussions. “Today we’re going to go forward in a new era of negotiation. Make sure you’re looking at a fair price….Don’t sell yourself short,” he urged. “There has been some new negotiation on payment terms: Tell (wineries) you want 30 days.” DiBuduo also suggested growers ask for bonuses to reflect quality and hang time. Read more:

John Mandeville, AFM, Named Farm Manager of the Year by Farmers National

John Mandeville, AFM, of Lafayette, Ind., has been named Farmers National Company’s 2011 Farm Manager of the Year. This prestigious award is presented each year to one of the company’s over 90 professional farm managers for excellence in performing management duties. Applicants are judged by a panel of agribusiness professionals based on actual day-to-day management and client service. John serves on the ASFMRA Executive Council as the District III Vice President. Congratulations, John.

Technology, Regulation & Information
Deadline January 31, 2012

Technology, Regulation, Information.  Each of these is impacting you in your business. Your Professional Society, ASFMRA wants to be of greater help to you in these areas.
In just a few weeks the Executive Council will meet for their annual planning meeting. Your input on this survey will be used as a guiding tool for the 2012 -2015 planning. Please take a few minutes to answer the questions and give the Executive Council and Staff your input as they plan for the future.
The annual membership survey will be closing soon and we want your opinions and feedback. For those who have already completed it, thank you!  Your comments are very valuable to us.   If you haven’t already completed this year’s survey, please take a few minutes to do so now. 
The annual ASFMRA membership survey can be found at:  The survey will close to new comments and input on January 31st . 
Thank you for your time and input! If you have any question about the Annual Membership Survey please contact Cheryl Cooley at 303-692-1215 or email at

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.

Get complete info:

Basic 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.
Complete info:

Top Contributors & Discussions on AgProLink

187 Points: David Hamel
Santa Maria, CA

85 Point:s Terry Kestner
Rabo AgriFinance, Inc.
Cedar Falls, IA

54 Points: Maurice Baker
Lincoln, NE

46 Points: Coleman Anderson
Hesperia, CA

Pecan Orchard by Jake Minton:
Large Wholesale Nursery by William Eirich:

Login to AgProLink using the same login and password you use to access the Member Resources on the website. User name is first and last name with NO space. Password is your member ID#. Don’t miss out on timely, member-initiated discussions wtih valuable information you can use. Take advantage of this member benefit today.

The Appraisal Foundation: Requests for Comments & Other Updates

The Appraisal Standards Board (ASB) has issued the following document:

Request For Public Comment for the 2014-15 edition of the Uniform Standards of Professional Appraisal Practice
Issued on January 10, 2012
Written comments requested by March 12, 2012*
Send Comments to 
*All interested parties are encouraged to comment in writing to the ASB before the ASB meeting in Savannah, Georgia on February 10, 2012. However, the deadline for written comments is March 12, 2012.

The Appraisal Practices Board (APB) has issued the following Exposure Draft: Second Exposure Draft – Adjusting Comparable Sales for Seller Concessions


Issued on January 26, 2012
Written comments requested by February 29, 2012
Send Comments to:
Questions?  Please contact Staci Steward, Practices Administrator at 202.624.3052.

National Appraisal Board Adopts Changes to the
Real Property Appraiser Qualification Criteria
Effective January 1, 2015

For complete details click here:

Chapter News

Mid-South Chapter

There will be a planning meeting of the Mid-South Chapter of ASFMRA on February 8 in Jonesboro, AR at Farm Credit Midsouth Offices, 3000 Prosperity Drive. I would like to invite everyone who wants to attend the chapter planning session which will immediately follow the luncheon at ASU Agribusiness Conference. We will start around 1:30 pm.

The agenda will include discussion of someone to take up the duties of the academic representative and secretary/treasurer office vacated by Terry Griffin’s transition into the private sector, planning for the summer meeting, and other business that may be brought up. For more info please contact Fred Jaynes, ARA at 870-336-5421.

North Carolina Chapter

NC Chapter ASFMRA offering is Appraising Rural Residential Properties, scheduled for March 16, 2012.

Under “Details”, the seminar location is: One Eleven Place, 111 Realtors Way, Cary, NC 27513 (919) 678-0005

Hotel Information: Embassy Suites, 201 Harrison Oaks Blvd., Cary, NC (919) 677-1840 or Marriott Towne Place Suites 120 Sage Commons Way, Cary, NC (919) 677-1840

Contact: Steve Motsinger (336) 368-4761 or Nancy Toombs (336) 297-9511

Instructor: James Synatzske, ARA

Seminar Registration: Nancy Toombs (336) 297-9511

Missouri Chapter Annual Meeting and Education

Date: March 8, 2012 – March 9, 2012
Location: Jefferson City, MO
Description: Missouri Chapter of the ASFMRA Annual Meeting and Education. 2012 MO Chapter CE

Contact Name: Boyd Harris
Contact Phone: 573.682.9862
Contact E-mail:

California Chapter presents 2012 Spring Ag Outlook Conference – March 28-30

The CA Chapter will present its annual Spring Ag Outlook Conference in Visalia, CA on Thursday, March 29th. This year’s theme, “Navigating the Turbulence…Our Water, the World Economy and the Outlook for Major Commodities” promises an outstanding lineup of speakers and topics. The chapter’s highly regarded Trends in Agricultural Land & Lease Values publication for 2012 will also be released at the meeting. On March 28th, a full day Water Tour is planned offering an in-depth, hands-on look at the state’s water situation – one of the hottest and highly contested issues in California Agriculture. The chapter will then present Farm Management/Agricultural Consulting II on Friday, March 30th. This is the second seminar in what promises to become a long overdue educational program for farm managers and ag consultants in the Golden State. Save the dates now and make plans to be in Visalia for this program! More information and on-line registration will be available soon at Please call Suzie Roget at (209) 368-3672 with questions.

Florida Chapter

Dairy Seminar on April 4th and USPAP 7 hour Update on April 5th.  For information contact Julie Young at
Dairy Seminar:

Bouncing Off the Bottom
The Un-Comfort Zone by Robert Evans Wilson, Jr.

“You are going to die,” Burt told Valerie after she said she wanted a divorce (NOTE: I have changed their names to protect the families involved.). The 26 year old policeman lifted a rifle and pointed it at her face.

“No. Please no!” begged Valerie.

Ignoring her pleas and the tears streaming down her cheeks, Burt continued to aim the gun at a point right between her eyes…. (to read the entire article click here):


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
1/30-31 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
4/4-5 Florida Chapter Meeting & Education – Bartow, FL
4/4 Dairy Seminar – Bartow, FL
4/5 7-Hour National USPAP Update Course – Bartow, FL
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 

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