Ag News, June 26, 2012

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Rising Farmland Values: An Indicator of Regional Economic Performance or a Speculative Bubble?

The 2012 Journal of the ASFMRA has been published online and can be viewed and/or downloaded this link. This year’s Journal features a range of diverse topics such as:

Veiw and read other articles at:

ASFMRA Nominations – 2012-2013

This is official notification for the following Executive Council Positions for the 2012-13 year.

The following two individuals will automatically advance to their new Council positions as President and President-Elect:

President: Paul Joerger, AFM
President-Elect: S. James Rickert, AFM, ARA

The following four individuals have been nominated for positions on the ASFMRA Executive Council:
First Vice President: Fred Hepler, AFM, AAC
Academic Vice President: LeeAnn Moss, Ph.D., ARA
District V Vice President:
Edward (Eddie or Ed) E. Lumpee, ARA
A.E. “Butch” Nelson, Jr., ARA

Please click here to download detailed information on all of these nominees as well as details for submitting additional nominations.

Growing Our Future: Young Professionals Network

Kick your SEW experience off by joining us at 3:00 pm on Sunday, July 15th.  The Young Professional Network (YPN) will bring together the next generation of ASFMRA leaders in an open forum.  This is THE opportunity for newer industry professionals to come together, network and bring a fresh perspective to the Executive Council and Committees, The future of the Society will be molded by your opinions AND your future success will be shaped by networks you create today. Our goal is to create a great networking event and an opportunity to YPN members to give input on the direction of the ASFMRA. Be sure to tell all your colleagues to come!
Get more information or register for Summer Ed Week:

Don’t miss these seminars Tuesday, July 17 at the Summer Education Week in Des Moines, IA!

Going Concern Value and Intangible Assets
The student more aware of the intangible assets in agricultural properties.  Offer an understanding of the components of intangible assets associated with agricultural real estate.  Also to provide the student with tools to allocate value to the components that comprise a going concern value.  
Risk Management, Market Outlook & Insurance
This seminar will include the following topics: Market Outlook, Weather, Land Values, Crop Insurance, a Farm Bill Update and Using Technology in collection of yield info for Crop insurance.  Get more information or register:

Time to Sort Through Your Mental Rolodex

Take advantage of the opportunity to nominate a fellow member and/or co-worker for the 2012 ASFMRA Membership Awards. All ASFMRA members are invited to submit names of individuals who are standouts in the profession. This is your Society and no one knows better than you who deserves special recognition for what they bring to both the organization and to the profession. Who are the leaders?  Who stands out as the go-to person?   Which of your fellow members are outstanding in their community, their profession, and their chapter?

We would like to ask everyone to take advantage of the opportunity to nominate a fellow member or members for the 2012 ASFMRA Membership Awards.  This is your Society and no one knows better than you who deserves special recognition for what they bring to both the organization and to the profession.

Nominations may be made on-line at  You may also download the nomination forms at  Take a few minutes to view the various award descriptions, and sort through your mental rolodex for deserving nominees. ASFMRA members may be nominated for

• Appraisal Professional of the Year
• D. Howard Doane
• Carl F. Hertz Distinguished Service
• Early Career
• Meritorious Service in Communications

The deadline for all ASFMRA nominations is July 31, 2012. All awards will be presented at a special ceremony during the society’s 83rd Annual Meeting in Indianapolis, IN this October.

The Great Partnership:  Chapters and Universities

What is the role of the Academic Member?  How is your Chapter and Universities working together to serve the ASMFRA Member?  Join us Monday Morning, July 16th at SEW for a great discussion on the relationship that the Society has with the Academic Members.  Ideas from this meeting are designed to result in a plan of action that the Society, Chapters and Academic Members will use to guide efforts to improve services and better utilize the unique resources Academic members bring to the organization. Get more information or register for Summer Ed Week.

Presenters Needed for Rapid Fire Session at Annual Meeting

Rapid Fire Case Studies – a growing Session at the ASFMRA Annual Meeting – has become increasingly popular the last three years. We are excited to be offering it on the program for 2012 in Indianapolis. The purpose behind the session is for appraisers to share unique experiences or appraisal assignments that they have encountered in business.  We can all learn from one another and what better way than by sharing real life experiences.  The more diverse the better! But this can only happen with your help!

This year’s Rapid Fire Session is scheduled for Wednesday, October 31st from 7:30 a.m. to 2:30 p.m. Presentations will range from 30 to 60 minutes in length and continuing education hours will be awarded for the session. We see this as a great opportunity to share knowledge with your peers and gain exposure for a unique project that you’ve encountered. As you will see in this session, Rapid Fire makes learning interesting and fun!

If you have a project that you think might be a fit for Rapid Fire, please contact Dave GaNun, ARA at Remember, what may seem the ‘norm’ to you, may truly be interesting and unusual to an appraiser from another part of the country.  What’s in your portfolio?

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

First Exposure Draft of proposed changes for the 2014-15 edition of the Uniform Standards of Professional Appraisal Practice
Written comments requested by July 6, 2012
Send Comments to

Complete info at:

Minutes from the Spring BOT Meeting of TAF

Please feel free to download the minutes from the Board of Trustees Spring meetingwhich was held on May 19, 2012 in San Antonio, TX.

The Un-Comfort Zone by Robert Evans Wilson, Jr.

Who is the Puppet Master of Your Story?
I discovered something interesting when I first started writing fiction. The more I developed a character, the more he would develop a mind of his own about what he would do or not do. Many times a direction I initially imagined the character would take was no longer possible based on the character’s values. If I tried to force it, it would seem contrived, and, the reader would no longer find my character believable.
Read the entire article:

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

6/TBA North Dakota Chapter Summer Meeting & Education – Fargo, ND
6/21 Ohio Chapter Summer Meeting – Lancaster, OH
6/21-22 Minnesota Chapter Summer Tour & Education – LuVerne, MN
6/21-22 Mid-South Chapter Annual Meeting & Education – Greenwood, MS
6/21-22 Best Practices for Rural Property Appraisals – Greenwood, MS
6/25-28 A304 Integrated Approaches to Value – Denver, CO

7/TBA Nebraska Chapter Summer Meeting in Conjunction with Syngenta – York, NE
7/TBA Kentucky Chapter Summer Meeting – TBA
7/13 Appraisal Standards Board Meeting – Denver, CO
7/16 Introduction to Vineyard & Winery Valuation – Des Moines, IA
7/16 Succession and Estate Planning – Des Moines, IA
7/16-18 Ag Land Management 1 – Des Moines, IA
7/16-18 Ag Land Management 2 – Des Moines, IA
7/16-18 Ag Land Management 3 – Des Moines, IA
7/16-19 A303 Income Approach for General Appraisers Part 1 – Des Moines, IA
7/17 Going Concern Value and Intangible Assets – Des Moines, IA
7/17 Risk Management, Market Outlook and Insurance – Des Moines, IA
7/18 Appraising Natural Resources – Des Moines, IA
7/18 Emerging Technologies and Issues – Des Moines, IA
7/19 ASFMRA Best in Business Ethics Class – Des Moines, IA
7/20 Preparing for DODD-Frank: Appraisal, Management, & Review – Des Moines, IA
7/25-27 Kansas Chapter Summer Meeting & Education – Seneca, KS

8/1 Sales Comparison Approach – Perry, GA
8/2 Appraisals Through the Eyes of the Reviewer – Perry, GA
8/2 Georgia Chapter Meeting – Perry, GA
8/7-8 Valuation of Intangible and Non Financial Assets – Austin, TX (FCB)
8/16-17 Illinois Chapter Summer Tour – Champaign, IL

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