Ag News, May 15, 2012

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Another View Of High Voltage Transmission Lines
By Kevin T. Pearce, ARA

The recently completed report “High Voltage Transmission Lines and Montana Real Estate Values” by James A. Chalmers, Ph.D. was carried out under contract to Northwestern Energy (NWE) during 2010 and 2011. Northwestern Energy is proposing to construct a 500 kV High Voltage Transmission Line (HVTL) from Townsend, Montana southerly some 450-500 miles across southwestern Montana to near Twin Falls, Idaho to deliver Montana-generated power to possible users in the western US. This proposed line is identified as the Mountain States Transmission Intertie line (MSTI). The Chalmers report was commissioned by NWE to be used to study the effects of HVTL on real estate values as an aid in the process of planning, permitting, and siting the proposed MSTI power line. Read the entire article.

Produce farmers want seat at farm bill table
Western Growers

Farmers who produce the nation’s healthy fresh produce want a seat at the table for the major federal food and farm legislation — the farm bill. That’s the message Western Growers Chairman Mike Jarrard took to Congress. As president & COO of Mann Packing in Salinas, Calif., — a producer of fresh cut vegetables—he knows firsthand the food his industry produces goes hand-in-hand with a healthier eating lifestyle. That’s an important message for Congress to hear. Read more on the Western Farm Press website.

Recent Reports Hint at Stabilizing Market
From LandOwner

We highlight several stories in this issue that individually tell interesting stories but taken together reflect a trend developing in today’s farmland market.

The first is the fall-off in the number of quality, corn/soybean farms available for sale. We’ve covered this trend since it developed in 2009, but the trend has accelerated in some states. Login to Member Resources and download the latest edition.

Student Career Day – Young Professionals Group & Much More at Summer Ed Week

We are continuing to add new things to the very successful SEW event that is now in its 5th year! Last year we had record attendance and we hope to match that this year. With your help, we will ask everyone you know if they are coming. They may ask, what’s new and why should someone come? Well, back by popular demand is our Student Career Day program that we hope to expanded to about 60 students from across the country. Next we have the first ever YPN, that is Young Professionals Network program, set up for Sunday afternoon and the first ever Academic Program for our academic members on the following Monday. So lots of new programs with more opportunity to network. In addition, we have very strong beginning education for managers and appraisers plus great content for seasoned professionals. For appraisers there is the first ever offered  Vineyard Valuation, and a high demand classes on Intangible Assets and Natural Resources.  For seasoned managers, we have three one day Management Seminars Succession Estate Planning, Risk Management, Market Outlook and Insurance and Emerging Technologies & Issues
and the Iowa Chapter is offering a half day not-to-miss program at Pioneer too!  The bottom line is there is a lot for everyone! We have great program and we have strong sponsorship thanks to Tim Fevold, AFM!  Get complete information on Summer Ed Week:

Texas A&M Chief Economist to Highlight Session at Annual Meeting

Dr. Mark Dotzour, Chief Economist and Director of Research at the Real Estate Center at Texas A&M, will be part of the US Land Values session at the ASFMRA Annual Meeting in Indianapolis this Fall. In his presentation, ‘The Economic Outlook and Its Impact on US Land Markets’, Dr. Dotzour will talk about the outlook for job growth, interest rates and inflation as well as the future for absorption, trends in real estate values and transaction volume. How are changes at the state, national and international economy levels affecting land markets? How is the federal monetary policy affecting US real estate? The answers to these questions will impact your activities as a rural land expert.

Plan now to attend AgroNomics, Vision 2013 in Indianapolis October 29 – November 2 where you will experience a full week of education seminars, workshops, program sessions and networking that is of value to you as one of America’s Most Trusted Rural Property Professionals.
AgroNomics, Visions 2013…it’s more than an Annual Meeting! See the rest of the speakers and the meeting agenda at

Review Appraisal Training for Non-Appraisers

ASFMRA has a new series of appraisal training courses targeted toward the non-appraiser reviewers in the banking industry.  Passage of the Dodd/Frank Act (Wall Street Reform and Consumer Protection Act) in late 2010 set forth a requirement for banks to train personnel to review appraisals.  Most of the bank personnel performing the reviews will be non-licensed appraisers and will be performing Administrative Reviews versus Technical Reviews.  Bank examiners are scrutinizing the appraisal review function in much greater depth than in the past and it is becoming very important for lenders to have solid internal appraisal review processes.

ASFMRA has the oldest and most highly revered appraisal review designation in the profession —Real Property Review Appraiser (RPRA).  ASFMRA is creating a five day series of courses and case studies that will provide bank reviewers with the tools they need to perform administrative reviews on appraisals of the most common property types financed at their institutions.  Each seminar will have an exam.  Upon completion of the series, participants will earn a certificate of completion.  It is becoming increasingly important for banks to demonstrate to examiners that employees in the appraisal review function have a basic understanding of USPAP and demonstrate competence in administrative appraisal reviews.  An electronic brochure pertaining to the appraisal review seminars is being developed at the Denver office and will be forwarded to ASFMRA members in the near future.  Mentioning this series of seminars to your banking customers allows you to be a positive resource for your banking clients.
For more information follow this link to the new RPRA website:

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
• Farm Manager of the Year – Deadline June 8

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.

Welcome Meg Butcher

Please join us in welcoming Meg Butcher as our new Director of Finance and Administration. Meg graduated from Purdue University then worked in Trust and Investment Banking Operations for seven years.  After being a stay-at-home mom for eight years she started working as an Administrative Assistant for a real estate company then as a bookkeeper at a local elementary school.  She recently worked for the Presbytery of Denver as a Business and Property Manager.  Meg grew up in north central Indiana where her family still resides.  She has been in the Denver area for 12 years with two teenage boys, a busy husband and two dogs.  When not at work you can find them enjoying the great outdoors of Colorado! Meg can be reached at 303-692-1213 or

Appraisal Practices Board Adopts Voluntary Guidance:
APB Valuation Advisory #3: Residential Appraising in a Declining Market

The Appraisal Foundation is pleased to announce that the Appraisal Practices Board (APB) has adopted “APB Valuation Advisory #3: Residential Appraising in a Declining Market.” 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:

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

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/TBA  North Dakota Chapter Summer Meeting & Education – Fargo, ND
6/4-8  A400 Advanced Rural Case Studies – Denver, CO
6/5  Implications of AQB Personal Property Guidelines Webinar – Internet
6/10-13  Wyoming Chapter Meeting in Conjunction with Ag Lender’s and Appraiser’s Range Camp – Gillette, WY
6/12-13  Administrative Review of Appraisals – Austin, TX (FCB)
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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