Chapter News, April 4, 2012

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Is Your Chapter Growing?

Several Chapters have grown, adding new members since the beginning of the fiscal year – October 1, 2011. The top five Chapters who have grown are:

1. Iowa with 10 new members
2. California with 9 new members
3. Nebraska with 7 new members
4. Illinois with 6 new members
5. Tied for fifth are:  Kansas, Northeast, South Dakota, and Wisconsin with each having 4 new members

There have been a total of 79 new members since the beginning of the fiscal year! Where does your Chapter fall? Review the Excel spreadsheet to find out how many new members your Chapter has had during the time from October 1, 2011 to April 2, 2012.

SEW—Bigger And Better Than Ever!

Mid-July will bring another ASFMRA Summer Education Week (SEW) and it returns to Des Moines this year.  The week of July 15th -20th will be packed with education for licensure, our accreditations and continuing education all at one location.  Of course, the program is not just education.  We have a number of networking events planned.  We will hold our second annual program of university students.  We will have a meeting of academic members and one for young professionals.  And we will hold our instructor workshop and meetings of our education committees. 

On the education front, ASFRMA will offer its core Farm Management and Ag consulting courses Ag Land Management 1, 2 and 3.  For the seasoned Management and Consulting professional, three new one day seminars will be offered.  Monday we’ll offer Succession & Estate Planning, Tuesday will be Risk Management, Market Outlook and Insurance and Wednesday we’ll offer Emerging Technologies & Issues. Thursday, the ASFMRA Iowa Chapter is planning a great program with Pioneer at the Pioneer facility called: What’s Ahead for U.S. and Iowa Agriculture —Economy, Crop Production and Technologies.

For Appraisers working toward their CG license or accreditation, we are offering the Income Approach for General Appraisers course Monday through Thursday.  For those appraisers seeking CE, we will offer the new Introduction to Vineyard and Winery Valuation seminar on Monday, followed by Appraising Intangible Assets on Tuesday and rapping up with Appraising Natural Resources on Wednesday, both of which have just been updated.  

The focus of SEW is education, but we’ve got a lot of networking opportunities in store for attendees as well.  Sunday night we’ll start off with a reception Sponsored by Dow AgroSciences.  Monday Morning we’ll formally kick off the meeting with a short Opening General Session, with address from representatives from ASFMRA, the Iowa Department of Agriculture and Monsanto.  Monday, you’ll enjoy a lunch Sponsored by Bayer CropScience at which Stephen Frerichs, ASFMRA Lobbyist will talk about the Farm Bill and other current issues in Washington.  Monday attendees will enjoy a dinner sponsored by Monsanto.  Tuesday Pioneer will sponsor a lunch at the hotel and, that evening, will take everyone out to an Iowa Cubs game and dinner.  Wednesday, Syngenta will treat everyone to a Barbeque.  There will be many chances for attendees to make new connections and renew long standing friendships as well as unwind and have a little fun too!

And that’s not all!  We will hold our second annual program for university students Sunday afternoon.  We are organizing a meeting for Young Professionals to discuss their role in the Society on Sunday afternoon too.  We will hold a meeting of Academic members Monday morning.  And on Thursday and Friday, we will unveil a new training for the staff of lending institutions on new Interagency Guidelines and coming Dodd-Frank regulations pertaining to appraisal management and administrative appraisal review. 

It’s a full week, a great value and a must-not-miss event! Get complete details:

Don’t Miss Out – Join the District Update Meetings/Calls

If you were unfortunate to miss the April 3rd District Update Meeting/Call, mark your calendar now to ensure you are available for the upcoming meetings. These are now being done through Adobe Connect which allows a presentation via PowerPoint as well as having the Conference Call so all can participate and join the discussions. On April 3rd, there were many Chapters represented and great discussion occurred on successes experienced by the Chapters as well as some of the challenges faced. You really do not want to miss out on the District Update Meetings/Calls. The tentative dates for the remainder of this year are:
June 8
September 28
December 14
On each one, Districts 1, 2, & 3 will be at 8 am PT / 9 am MT / 10 am CT / 11 am ET and Districts 4, 5, 6, & 7 will be at 9 am PT / 10 am MT / 11 am CT / 12 Noon ET
We look forward to having more great meetings similar to the April 3rd call.

Education Foundation Auction

Don’t miss the Education Foundation Auction in Indianapolis! Plans are being made and we need you to make the Auction a success again this year! We need your donations. The Education Foundation Auction’s success depends on you – the ASFMRA members, sponsors, Chapters, and nonmember supporters.

There are numerous opportunities for you to help. Donate an item for either or both the Live and Silent Auctions. No item is too small or too large. All items make a difference. Your attendance at this event shows your support and there is always something for everyone. Bid on items and bid often. You may be a winner of that special item. Volunteer to help with the Education Foundation Auction if you have time.

Make your plans to come to Indianapolis and be part of this special event. To make your tax deductible donation, simply Click here to go directly to the Auction Donation form.

The deadline for submitting Auction items is October 16, 2012. Auction items should be shipped directly to the Westin Indianapolis to arrive no later than Tuesday, October 25, 2012. Please address your packages as follows:
ATTN.: Hope Evans
c/o The Westin Indianapolis
50 S. Capital Avenue
Indianapolis, IN 46204
Hold for: ASFMRA / Oct. 29 – Nov. 2
Catering/Convention Service Mgr: Rebecca Moore

If you have any questions concerning donations, contact Hope Evans directly at: 303-692-1216 or THANK YOU for your generous donations and continued support.

ASFMRA is Rev’n Up for Indianapolis

The Facts

• Dates:  October 29 – November 2, 2012
• Location:  Indianapolis, IN  ● Westin Indianapolis
• Contact Information: / / 303-692-1215

The planning of the 83rd ASMRA Annual Meeting and Trade Show is well underway.  Under the leadership of Paul Joerger, AFM, the Program Committee has put together another outstanding line up of speakers, events and activities.   The speakers for this year have such strong qualifications and backgrounds several issues of e-news are needed to cover them all.

The Thursday, November 1st morning agenda kicks off with a familiar name for many, Steve Elmore, Chief Economist for Pioneer.  Steve will talk about what’s ahead for global agriculture.  Attendees will leave this session with a solid understanding of the current economic situation.  Steve’s Pioneer career began in January of 1998 as Agricultural Economist. 

From 2000-2001, he was a Project Manager working on internal process improvement (Six Sigma – Blackbelt).  In 2001, he was named Senior Agricultural Economist.  Since that time, his role has expanded within DuPont and he serves as the Chief Agricultural Economist for DuPont as well as Pioneer.  He actively participates on various industry and U.S. government economic committees.  On a worldwide basis, he has had the opportunity to interact and present to farmers, industry personnel, government employees and policymakers in many parts of the globe.

Prior to joining Pioneer, Steve worked as the Iowa and U.S. Agriculture Market and Policy Analyst for the Food and Agricultural Policy Research Institute (FAPRI) in the Center for Agriculture and Rural Development (CARD) at Iowa State University.   Steve’s formal education includes a BS degrees in Public Administration and Economics from the University of Nebraska – Kearney;  Roberts Fellowship in Forest Science from Texas A & M University, College of Agriculture; and a Master of Science degree in Agricultural Economics from the University of Nebraska – Lincoln.

Many ASFMRA members will be familiar with Steve based on his involvement with the annual Leadership Institute.  Steve has been a speaker on past ASFMRA Annual Meetings.

Following Steve Elmore, attendees will have the opportunity to hear from Michael Swanson, Ph.D., Ag Economist – Senior Vice President at Wells Fargo Bank.  Michael Swanson is an agricultural economist and consultant for Wells Fargo, the largest commercial agricultural lender in the United States. Based in Minneapolis, his responsibilities include analyzing the impact of energy on agriculture, forecasting for key agricultural commodities, such as wheat, soybeans, corn, and cotton, and livestock sectors, such as cattle, dairy, and hogs. Additionally, he helps develop credit and risk strategies for Wells Fargo’s customers, and performs macroeconomic and international analysis on agricultural production and agribusiness.

Dr. Swanson’s presentation will cover how US agricultural producers and their lenders need to understand the drivers of the current global agricultural market. They need to see how land valuation is not tied to nominal dollar valuations but true repayment capacity relative to alternative assets.  These drivers include but are not limited to the global population dynamics, global income growth , U.S. currency exchange rates issues, and governmental policies affecting agriculture, both domestic and international.  Swanson will show an alternative valuation model for crop land based on production capacity for repayment under different scenarios including domestic repayment capacity, competitive assets in the global market, and drivers of leverage.

These are only the first two speakers on the agenda for Thursday, November 1.  Keep reading your e-news for information on the rest of the outstanding line up of speakers for the 2012 Annual Meeting this fall in Indianapolis.    Additional details and schedules are available on the website at

What do ASFMRA, the Super Bowl, and the Indianapolis 500 have in common? 

They are all part of some of the biggest attractions taking place in 2012 in Indianapolis, Indiana.

If you haven’t visited Indianapolis recently, you are in for a pleasant surprise. A mixture of new and modern buildings and skywalks blend beautifully with a number of historic buildings right in the heart of downtown.

From the windows of the Westin, the home for the 2012 ASFMRA Annual Meeting, view the Soldiers and Sailors Monument which is located on Monument Circle in the center of downtown and has come to symbolize the city of Indianapolis and the state of Indiana.  Look the other way to see the famous Lucas Oil Stadium with its retractable roof and home of the 2012 Super Bowl! 

Just a couple blocks away is the White River State Park, Indiana’s only urban state park, which offers an awesome array of attractions, entertainment and recreation including the Indianapolis Zoo, Victory Field and the NCAA Hall of Champions.  You will have an opportunity to visit the NCAA Hall of Champions as part of the Indiana Chapter Welcome Reception sponsored by the Indiana Chapter, Dow AgroSciences, and Farm Credit.

Indianapolis has been designed to make it easy to get around. The Canal Walk is a portion of the Historic Central Canal, an early 19th-century project designed to facilitate commerce. Today, Canal Walk stretches through White River State Park and is popular for walking, jogging, biking and more.  Blend in the new with the connected skywalks.  These skywalks connect 12 hotels, the Indiana Convention Center, Lucas Oil Stadium, and the Circle Centre mall. 

Indianapolis has definitely raised the bar and ASFMRA Annual Meeting attendees will be able to take in all the sites and views this October during the ASFMRA Annual Meeting. 

For those needing to fly, the new Indianapolis International Airport is just 15 minutes away from downtown. However, Indianapolis is within driving distance for a very large number of ASFMRA members.  

Start planning your trip now by checking flight prices or by checking mapping out our drive. See you in Indianapolis. Check out some great photos of Indianapolis.

Iowa Chapter Annual Meeting Held
By Larry D. Trede, Chapter Secretary-Treasurer

Nearly 125 Iowa Chapter members, guests, and speakers attended the Iowa Chapter Annual Meeting held in Ames on February 1-2, 2012.  Program activities included a scholarship luncheon, a member recognition ceremony, and a two-day educational program.  Featured speakers for this year’s annual meeting included motivational and inspirational talks by Michele Payn-Knoper, Cause Matters, Lebanon, Indiana and Troy and Stacy Hadrick, Advocates for Agriculture, Faulkton, South Dakota. Pictured at left is Matthew Mann, AFM who was recognized as the 2012 winner of the Iowa Chapter Early Career Award.  Read more:

Administrative Review Seminar Has 80 Attendees!
By SD Chapter Education Chair Brian Gatzke, ARA

The South Dakota Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) would like to thank the SD Bankers Association and members for attending the 1st seminar on administrative review of appraisals and Dodd-Frank implications.
This seminar was held on March 13, 2012, at the Sioux Falls Convention Center. We were blessed with over 70 banking officials from SD, MN, and NE attending the seminar along with a handful of attorney’s and state/federal agency officials. The success of this seminar was attributed to the success of the SD Bankers Association and SD Chapter ASFMRA working together.

Thank you to all who contributed to the effort and special thanks to Boyd Waara for planting the seed and Mr. Greenwalt for conducting the education.

Attendees ranged from employees of banks with years of appraisal ordering / review / evaluation experience to people with little to no experience but trying to determine what the new regulations are and how they impact small and regional banks. We want to work together to help improve everyone’s expertise and knowledge.  Read more on page 5 of the SD Chapter Newsletter.

Highlights from Wisconsin March Chapter Newsletter

Sweetheart Dinner on February 14th
USPAP Class with 41 Appraisers in attendance on February 15th
Three $1,000 Scholarship Awards on page 3.

Download the Wisconsin March Newsletter pdf to read more.

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. Click here to 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
3/28 ASFMRA Best in Business Ethics for New Members Webinar – Internet
3/28-29 California Chapter Spring Ag Outlook Conference – Visalia, CA
3/30 Farm Management/Agricultural Consulting II Seminar – Visalia, CA

4/2-4 A250 Eminent Domain – Denver, CO
4/2-3 Oklahoma Chapter Meeting – Bartlesville, OK
4/3 7-Hour National USPAP Update Course – Bartlesville, OK
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 Best Practices for Rural Appraisal Seminar – Ames, IA
4/12-13 Washington Chapter Spring Meeting and Education – Prosser, WA
4/12 7-Hour National USPAP Update Course – Prosser, WA
4/13 ASFMRA Best in Business Ethics Class – Prosser, WA
4/23-26 A302 Sales Comparison Approach for General Appraisers – Denver, CO
4/30 Current Environmental Issues Seminar – Lancaster, PA
4/30 7-Hour National USPAP Update Course – Lufkin, TX
4/30 – 5/2 Valuation of Conservation Easements & Other Partial Interests – Denver, CO
4/30-5/2 Northeast Chapter Meeting, Tour and Education – Lancaster, PA

5/3 Appraising Agricultural Land in Transition – Jackpot, NV
5/4 Highest and Best Use Seminar – Jackpot, NV
5/4 Appraiser Qualifications Board Meeting – Chicago, IL
5/7-10 A290 General Market Analysis and Highest & Best Use – Denver, CO
5/17 Board of Trustees, Sponsoring Organizations, and NACAO Meeting – San Antonio, TX
5/21 Cost Approach Seminar – Austin, TX (FCB)
5/21-23 A380 Appraisal Review under UASFLA – Denver, CO
5/23-25 A390 Advanced Appraisal Review Case Studies – Denver, CO

6/4-8 A400 Advanced Rural Case Studies – Denver, CO
6/5 Implications of AQB Personal Property Guidelines Webinar – Internet
6/12-13 Administrative Review of Appraisals – Austin, TX (FCB)
6/21-22 Minnesota Chapter Summer Tour & Education – LuVerne, MN
6/25-28 A304 Integrated Approaches to Value – Denver, CO

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