The American Society of Farm Managers was founded on January 14, 1929, by a core of dedicated farm managers from Illinois, Iowa and Missouri who felt that farm management professionalism was critical to the future of farming. In 1936, the organization was expanded to include appraisers who specialized in determining the value of farms and other rural properties.At that time, the name was changed to the American Society of Farm Managers and Rural Appraisers (ASFMRA).
The basic objective of the ASFMRA is to create and maintain a professionally trained group of farm managers, rural appraisers, review appraisers and accredited agricultural consultants capable of providing expert guidance and assistance to farmland owners, farmers, and other groups which have caretaking responsibilities for farm lands and rural properties. These caretakers include banks, insurance companies, attorneys, accountants, etc.
Farm managers are essential for obtaining, and expanding, all types of returns anticipated and/or expected from the ownership of land.These include financial returns generated annually from rent or crop and livestock production, as well as capital gains from the increasing value of the land. Farm management professionals help owners find farmland to buy, determine its value and manage the day-to-day operations of farm properties to maximize profitable returns.A few of the services provided by the professional farm manager include selection of tenants, record keeping, marketing of crop/livestock, purchasing of seed, pesticides, fertilizer, etc., soil conservation, handling of funds, farm maintenance and others.
Rural appraisers, on the other hand, serve land owners and lenders in providing property valuations upon which lenders, farmers, and investors can base lending or investment decisions.They keep up with today’s ever-changing land values to provide expert estimates and analysis of the market value of improved or unimproved rural real estate.The property’s appraised value is used for sale or purchase, estate or financial planning, lease and rental provisions, loan collateral, tax considerations, and many other applications. Description of the land and improvements, discussion of future use, estimated property value based on probable income, cost to duplicate, and comparison with recently sold properties is included in the information provided by a professional appraiser. Clients include such diverse groups as owners, operators, bankers, lawyers, governmental agencies, and insurance and mortgage companies.
- Members manage 25 million acres of farm/ranch land for absentee owners, banks and trust
- Members complete more than 175,000 appraisals a year on more than 30 millions acres of land
- Members provide professional consultant services for all areas of the industry
- ASFMRA has a membership of over 2,000 members
- ASFMRA offers four professional designations:
- ASFMRA members provide appraisal, farm management, and consultation services to agricultural and rural / transitional land owners
- ASFMRA has 31 chapters in 37 states, including Canada
- ASFMRA accredited members lead today’s agribusiness by meeting the complex needs of agriculture’s changing environment
- Members offer expertise in biotechnology, environmental issues, advanced technology, property and business valuation, market and property investment analysis and government and farm program involvement
All membership classifications are based on which is most appropriate for you based upon your present position and background.
Accredited – Those that have earned their AFM, ARA, RPRA or AAC accreditation through ASFMRA, have passed the required examinations and has received a written notice from the ASFMRA stating that their new classification has changed to Accredited.
Professional – Persons who manage, appraise, and/or consult for a fee or salary rural property belonging to others who meet the following requirements:
- Complete and pass all required Society courses and attend and pass a Report Writing Course approved by either the Appraisal or Management Education Committees.
- Have a four-year college degree or equivalent
- Have three years of agricultural consulting, farm and ranch management, rural appraisal and appraisal review experience in addition to those years of experience used for the college equivalency, if any.
- One management and/or appraisal report on an agricultural property shall be required. The report must meet the minimum guidelines for narrative report writing as outlined in the Society’s Standards of Professional Practice. A report that successfully passes the requirements for Professional may qualify as the necessary report for Accreditation
Academic – Persons whose work is primarily educational and who are devoting a major portion of their time working at the college level in farm and ranch management, agricultural consulting, rural appraisal and/or appraisal review as instructors, researchers, extension workers or administrators and who have held such positions for two or more years.
Associate – Those who do not meet the membership requirements of the Professional or Accredited member classifications. The Associate member must be providing farm and ranch management, agricultural consulting, rural appraisal or related valuation services (such as valuation for taxation), and/or appraisal review services for a fee or salary on rural property belonging to others.
Affiliate – Those who do not meet the requirements for any other membership classification and are not providing farm and ranch management, agricultural consulting, rural appraisal or related valuation services, and/or appraisal review services on rural property belonging to others for a fee or salary.
Retired - Those Accredited, Professional, Associate and Academic members who have held such membership for at least ten (10) years and who no longer provide farm and ranch management, agricultural consulting, rural appraisal and/or appraisal review services on property belonging to others for a fee or a salary may apply for this membership classification.
Honorary - Those members nominated by their chapters whose service to their chapter and the Society, as determined by and at the sole discretion of Council, merits special membership classification consideration.
Student – Those full-time students who do not meet the requirements for any other membership classification and are not providing farm and ranch management, agricultural consulting, rural appraisal or related valuation services, and/or appraisal review services on rural property belonging to others for a fee or salary. Students may remain Student members for one year after graduation or termination of college enrollment.