Ag News, July 23, 2013

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$18,300-an-acre for East-Central Iowa Cropland
From LandOwner

The right combination of quality cropland and aggressive neighbors is still capable of driving land prices to new record highs. That’s in spite of a market that, in our view, is cooling.

Case in point is the June 15 auction of 154 acres of nearly all tillable farmland south of Van Horne in Benton Co., Iowa. The soils were top notch, with an average Corn Suitability Rating (100 maximum) of 85.3. That compares to the county average of 72.8. The property was offered as two parcels and as a single unit. The farmstead was not offered for sale. Dan Kaestner, Kaestner Real Estate Sales & Auctions, Iowa Realty, Cedar Rapids, handled the auction. Login to Member Rescources to download the latest edition:

Farmland prices: How do today’s values differ from ‘bubbles’ of past?
Hembree Brandon | Delta Farm Press

Historically low interest rates that followed the 2007-08 financial collapse have had a positive effect on U.S. net farm income and the price of farmland — but when interest rates move higher will that push income and land prices downward?

For some farmers, maybe, says Brian Briggeman, associate professor and director of the Arthur Capper Cooperative Center at Kansas State University.
Read more on the Delta Farm Press website:

Scientists say new chemical will boost yields for drought stressed crops
Logan Hawkes – Southwest Farm Press

A University of California-Riverside plant biologist has discovered a chemical that could forever change the adverse effects of drought in crops, a promising solution to the extreme drought conditions in North America and other parts of the world in recent years that many attribute to climate change. Read more on the Southwest Farm Press website:

Last Call for Awards

This is the last call for awards for the 2013 ASFMRA Annual Meeting – AgroNomics being held in Reno, NV, November 11-15, 2013. Nominations will be accepted through August 1, 2013. Nominate someone today!

Leadership Institute Application Deadline – August 6

Applications are being accepted for the 2013 Leadership Institute scheduled for September 9-13 in Washington, DC. There is plenty of room for managers/consultants, however, there is only one slot available for appraisers. Get more information or apply now:

Government Relations Surveys

The ASFMRA Government Relations Committee would appreciate your time in completing the following survey(s). The results of the surveys will be used by the Committee and the Leadership Institute attendees during their Hill visits in September in Washington, DC. Survey closes on Friday, August 2. Each survey will take 3-4 minutes to complete.

Delta Water Summit Set for August 3rd at Fresno State

Speakers from a wide variety of perspectives will address Bay-Delta estuary water, infrastructure and environmental issues during a Delta Water Summit from 9 a.m. to 12:30 p.m. Aug. 3 in the Satellite Student Union at Fresno State. Get complete info:

Very Successful Summer Ed Week in Omaha Last Week

301 Attendees
9 Courses and Seminars
29 Students in Career Day Program
30 in YPN Communications Workshop and YPN Event/Dinner

Check out some great photos from Summer Ed Week on Facebook:

AgGeorgia Farm Credit to Host Courses for Foresters and Rural Appraisers

“Timber and Timberland Valuation” on July 31
“Appraising Rural Residential Properties” on August 1
Perry, Georgia
Learn more about these two courses.

Official Notification – 2013-2014 Executive Council Election Results

Elections for the 2013-2014 Executive Council have been fulfilled in accordance with the ASFMRA Bylaws. As no additional nominations were received prior to the July 18th deadline, the nominees posted in the ASFMRA Official Notification ASFMRA Nominations 2013-2014 sent on July 3, 2013 have been elected by acclamation.

The following members will be installed into office during the Officer Installation Ceremony scheduled for Tuesday, November 12, 2013 in Reno, Nevada. Get the complete details on the election results..

News from The Appraisal Foundation

Deadline Extended – July 31, 2013 – The Appraisal Practices Board (APB) has issued the following exposure drafts:
Second Exposure Draft-Identifying Comparable Properties
Issued: June 17, 2013
Comment Deadline: July 31, 2013

Send comments to:
Second Exposure Draft–Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal
Issued: June 17, 2013
Comment Deadline: July 31, 2013

Send comments to:

The Appraisal Practices Board (APB) has issued the following solicitations for Subject Matter Experts (SMEs) to assist in the research and development of voluntary guidance on the following topics:
Solicitation for Appraising Newly Constructed Residential Properties
Solicitation for Collection and Verification of Sales Data
The SME panels chosen to address these topics will accomplish their goals by, at a minimum, gathering, citing and researching all existing literature and publications.

For more information on the background and qualifications required to be considered for the Subject Matter Expert panels, please see the SME applications at the following links:  
Solicitation for Appraising Newly Constructed Residential Properties

Solicitation for Collection and Verification of Sales Data
Completed applications must be submitted by July 31, 2013.
Questions?  Please contact Staci Steward, Practices Administrator at 202.624.3052 or

The Appraisal Practices Board (APB) has issued the following exposure draft:
First Exposure Draft – Valuation of Green Buildings: Background and Core Competency 

Issued on July 15, 2013
Written comments requested by September 20, 2013
Send comments to:

The next public meeting of the Appraiser Qualifications Board is approaching.  Please take the time to register for this meeting if you plan to attend.
The Westin San Diego
400 West Broadway
San Diego, CA 92101
Friday, September 13, 2013
9:00am – 12:00pm
Get complet info:

The Appraisal Foundation Seeks Candidates for
Vacancies on the Appraiser Qualifications Board and the Appraisal Standards Board
July 11, 2013

Paula Douglas Seidel
Executive Administrator
The Appraisal Foundation
direct phone 202.624.3048
Get complete info:

Chapter News

Washington Chapter
September 26-26, 2013

Please make a note of the dates and location for the fall meeting of the Washington Chapter of ASFMRA.  This two-day program promises to be packed with some of the top people in the industry as presenters.  It will be worth your time.  Note Thursday morning will include the attendees reports on market activities in their areas.  Friday morning will be the Chapter business meeting. Send Deon any business agenda items you may have. Think about Fall 2014 meeting location and auction items for the Foundation at the Annual meeting in Reno, NV in November. 
Download a brochure for complete information. 

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