Ag News, March 27, 2012

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Risk management tools critical in future farm policy
National Cotton Council

The US cotton industry believes a revenue insurance program that supplements existing insurance products would provide an important and affordable tool — especially given the weather uncertainties and risks that farmers face.                                                                

In testimony before the Senate Agriculture, Nutrition & Forestry Committee in Washington, D.C., NCC Chairman Chuck Coley recalled the 2010 prolonged drought in Texas and Oklahoma, that year’s severe drought in his area of South Georgia as well as the severe flooding in Mississippi and Arkansas.
Read more:

Lack of rain may sap California wine grapes’ reserve
Dennis Pollick, Western Farm Press

The lack of rain that has punctuated California’s fall and winter could have sapped some of the reserve for the state’s wine grapes and could lead to uneven bud break and other challenges.

And it’s a good time — well before those grapes start to form — to take a look at how to assure that water will be delivered to the crop as temperatures warm. Read more:

Americans are losing their appetites for meat
Kiplinger Agriculture Letter

Overall per capita consumption of red and poultry meats is down 5% since ’08 and will plunge 3% more this year.
Several factors are eroding consumption. Steep retail prices are pushing shoppers to other foods. The average pound of pork, $3.50, and beef, $4.61, are up 25% since ’07. Chicken…13%. Sirloin steak, at $6.41/lb., is up 18% in just two years. Copyright 2012. The Kiplinger Washington Editors, Inc. Login to Member Resources to download the latest edition.

Iowa Cropland Values Rise but at Slower Pace
LandOwner Newsletter

The value of Iowa cropland continues to rise, but at a slower pace than last year.

The most recent biannual survey conducted by the Iowa Farm and Land Chapter #2 REALTORS® Land Institute shows a statewide average increase of cropland values of 10.8% for the six-month period ending March 1. The survey suggests an increase of nearly 24% on an annual basis and nearly a 50% surge in values over the two-year period beginning March 2010. Login to Member Resources and download the latest edition of LandOwner newsletter.

ASFMRA Very Close to Offering Cost Approach Online

ASFMRA has been working to bring some of its qualifying appraisal education online.  We have developed the Cost Approach for General Appraisers course in the University of Missouri system.  The course has just received approval for credit from the AQB.  The next step is to seek approval in all fifty states.  We will offer the course for the first time this fall.  The course is good for credit for a Certified General license and will also be good for University of Missouri college credit. 

The long-range plan is to develop most of the qualifying education within the MU system and create a master degree program around it.  That plan is contingent on attendance in the course demonstrating the viability of the program, so the first offering will be an important one for the society’s long-range plan.  Stay tuned for more information on this important program!

Recognition of Long-Standing Members

We are recognizing long-standing members of the Society on an annual basis according to their anniversary month. The anniversaries are recognized in increments of five years. You may recognize your fellow peers in the list of Long Standing Members and we encourage you to extend your congratulations to them. Please note this list is for the time frame from January 1, 2012 to December 31, 2012. Download the complete list of members recognized. A round of applause is extended by the American Society of Farm Managers and Rural Appraisers (ASFMRA or the Society) to our long-standing members for their continuous support. The Society appreciates every member for choosing us as the association you desire to affiliate with especially with many organizations vying for your membership. The ASFMRA continues to make every effort to offer member services which will benefit your professional and personal life. Download the complete list of members recognized that shows all long-standing members that are being recognized in increments of 5 years.

Membership  Directory – Wrong Name on Your Label?

Did you receive a copy of the 2012 Membership Directory with someone else’s name on the label? The Membership Directory was mailed late last week, since then we have learned that a sorting problem occurred with the mailing list.  All members will still receive a copy of the directory at the address we have on record. When you receive your copy, it will most likely come with another member’s name on the back cover.  We ask that you please disregard the incorrect name and hang on to the copy you received.  If you don’t receive a copy, or need another copy of the Membership Directory, please contact Jeremy Lewis at 303-6392-1218 or by email at

Illinois Farmland Values/Rents Continue Upward Spiral

(Bloomington, IL, March 22, 2012) The prices being paid for farmland across Illinois continue their upward spiral with the tops being in the $10,000 to $13,000 per acre range across the state. This is according to the 2012 Farmland Values and Lease Trends Report released today by the Illinois Society of Professional Farm Managers and Rural Appraisers at its annual Land Values Conference held here.
Download the pdf and read more.  Copies of the complete report can  be ordered from the Society at

Global AgInvesting Conference

Global AgInvesting(SM) 2012 New York will feature keynote speaker Jim Rogers, internationally-renowned investment expert, author and financial commentator, at its flagship event on April 23-25 at the Waldorf=Astoria Hotel.

The conference will offer a comprehensive overview of agriculture investment opportunities, risks and return profiles across global production regions, and strategies for diversified ag portfolios including regional variation, liquid strategies and more, providing a picture of the agriculture investing landscape and a clear idea of where the real money is moving in the space.

Hosted by HighQuest Partners, a leading global consultancy focused on agribusiness and agriculture investing that leverages its extensive network and expertise to execute events featuring the most relevant and contemporary content, the most knowledgeable speakers, and the most important networking opportunities in the sector. 

In Memory
Dan Enterline

Dover, DE
The ASFMRA was honored to welcome Dan into the membership in October of 1985. Dan maintained his Associate membership with the Society. The ASFMRA has just been informed that Dan has passed away. He made many friends through his association with the ASFMRA. He will be missed greatly. Our prayers and thoughts are with his family.

News from The Appraisal Foundation

The next public meeting of the Appraiser Qualifications Board (AQB) is approaching.  Please take the time to register for this meeting if you plan to attend.

The Hilton Suites
198 East Delaware Place
Chicago, IL 60611
Friday, April 20, 2012
9:00 a.m. – 12:00 p.m.

Meeting Agenda:
-Adopted Revisions to the Future Real Property Appraiser Qualification Criteria
-Proposed Revisions to the Personal Property Appraiser Qualification Criteria
-Activities of the Course Approval Program
-National Licensing and Certification Examinations     
-Undergraduate/Graduate Degree in Real Estate Review Program
Direct Link:
Also, as announced separately, a meeting of the State Regulatory Advisory Group (SRAG) is scheduled for Friday, April 20, 2012 from 1:00 p.m.-5:00 p.m. at The Hilton Suites.  Additionally, the Association of Appraiser Regulatory Officials (AARO) Conference commences on Saturday, April 21 in the same hotel.

The Appraisal Practices Board (APB) has issued the following Solicitation for Subject Matter Experts (SMEs) to assist in the research and development of voluntary guidance on the Valuation of Green Buildings – Background Competence.
The SME panel chosen to address this topic will accomplish its goal 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 panel, please see the SME application at the following link:

Completed applications must be submitted by April 6, 2012.

National Appraisal Board Adopts Voluntary Guidance:
Adjusting Comparable Sales for Seller Concessions
Washington, DC — The Appraisal Foundation is pleased to announce that its Appraisal Practices Board (APB) has adopted “APB Valuation Advisory #2: Adjusting Comparable Sales for Seller Concessions.” The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on recognized valuation methods and techniques.
Read more:

The Appraisal Standards Board (ASB) has issued 2012-13 USPAP Q&A on the following topics:
Appraisal Fees for ‘Assessment Appeal’ Assignments

Alternative Valuation Products

Appraising a Property More Than Once in Three Years
2012-13 USPAP Q&A
Questions?  Please contact Emily Mann, Standards Administrator,

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
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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