Blogs

Be the first person to recommend this.
In This Issue 2020-2021 USPAP Extension Appraiser Resource: Rural Valuation Topics Member Spotlight: Sarah Baskins A Different Kind of Land Management: Let the Cows Stomp Adam Isaacs stood surrounded by cattle in an old pasture that had been overgrazed for years. Now it was a jumble of weeds. “Most people would want to get out here and start spraying it” with herbicides, he said. “My family used to do that. It doesn’t work.” Instead, Mr. Isaacs, a fourth-generation rancher on this rolling land in the northeast corner of the Texas Panhandle, will put his animals to work on the pasture, using portable electrified fencing to confine them ...
0 comments
Be the first person to recommend this.
In This Issue Upcoming ASFMRA Courses Solar's Impact On Rural Property Values Member Spotlight: Grant Aschinger Flagler, For Free For the past 15 years, two billboards have stood on the city limits of Flagler, Colorado, waiting to greet those who may be looking for a place to land. From 10 feet in the air overlooking I-70 and Flagler, the two signs deliver their proclamatory message: “Got Land! Got Water! All we need is you.” Flagler is a rarity in the West — it’s offering land without a price tag to someone willing to stake a future in the town. Situated in eastern Colorado, this small town is an agricultural community — akin more ...
0 comments
Be the first person to recommend this.
The difference that experience makes when it comes to the perceived and actual impacts of solar on nearby property values. In recent years, publicity surrounding solar farms has gained the attention of property owners and appraisers. As with any large-scale development, the change represented by utility-scale solar can be cause for concern. Naysayers express worries involving impacts to viewshed, drainage problems, the idea of replacing productive agricultural lands with an industrial use, and more. Much of this worry comes back to one thing: the potential impact on property values. A recently completed study from the University of Rhode Island looked ...
0 comments
Be the first person to recommend this.
In This Issue Upcoming Chapter Events [Members Only] Join the Conversation at AgProLink China Books Biggest Deal Yet for U.S. Corn China booked its biggest purchase of U.S. corn yet, the U.S. Agriculture Department said on Friday, buying more at once than any country except the Soviet Union 30 years ago, as it tries to meet a surge in demand for animal feed. The purchase, and a string of deals earlier this week, mean China is on course to become the world’s largest corn importer. Its buying spree has driven up global prices of corn and other grains and may stoke food inflation in economies already reeling from the COVID-19 pandemic. USDA ...
0 comments
Be the first person to recommend this.
Henry Gordon, AFM, is a member of the Mid-South Chapter of the ASFMRA. He joined the ASFMRA in September of 2020 and earned his AFM designation not too long after that, in November. Henry works as the Vice President and Trust Real Estate Manager at First Horizon Bank in Memphis, Tennessee. When did you begin your career in agriculture? I began working for First Horizon Bank in their trust division. The bank felt I might be a good fit for managing trust real estate because of my background in forestry and the environment. Since I began working with farmland assets, I have found managing farm assets to be extremely engaging and enjoyable. What ag issues ...
0 comments
Be the first person to recommend this.
In This Issue Webinar: Ag Policy And The New Administration Member Spotlight: Elizabeth Heaton, AFM Upcoming Chapter Events America’s Biggest Owner Of Farmland Is Now Bill Gates Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America. After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Gates, who has a net worth of nearly ...
0 comments
Be the first person to recommend this.
In This Issue Course: 15 Hour USPAP, Basic Principles and Procedures Seminar: Ag Lands in Transition Blog: 3 Reasons You Should Become a Real Property Review Appraiser Member Spotlight: Joel Ambrose The Positive Impact of Broadband on Farm Productivity The FCC’s Office of Economics and Analytics released a new paper titled “Impact of Broadband Penetration on U.S. Farm Productivity.” This report finds that broadband availability has significant positive impacts on crop yields and other farm production metrics. The working paper analyzes the impact of increased broadband availability in rural areas on the productivity of U.S. farms, ...
0 comments
Be the first person to recommend this.
Many professions have some form of quality control, and appraising is no different. Appraisal reports, like the products of any other industry, sometimes require extra due diligence in order to boost client confidence, or to ensure compliance with government regulations and requirements. That’s when review appraisers step in to offer their services. A review appraiser ensures that the right data was selected and reviewed in the original valuation, and assesses the underlying methods and analysis to ensure that the conclusion follows logically from the information included in the report.  With the additional complexities commonly found in rural properties, the ...
0 comments
Be the first person to recommend this.
For this spotlight, we're sharing a highlight of Melissa Halpin from the Illinois Chapter. Along with Elizabeth Heaton, Melissa will be leading the chapter's Young Professionals Network (YPN) through the coming year. Melissa has previous organizing experience with the ASFMRA, and she served as Chair of the Illinois Chapter Summer Tour in 2016. Background: I grew up on a registered Holstein dairy farm in Sheldon, Illinois – Iroquois County. I graduated with a bachelor’s in agriculture economics with a focus on farm and financial management from the University of Illinois. While at U of I was a member of the 4-H House sorority. Today I now reside with my two ...
0 comments
Be the first person to recommend this.
For this entry, we're sharing a Member Spotlight from the ASFMRA's Iowa Chapter.  Joel Ambrose joined the Society in 2014, and is currently pursuing his ARA while serving as a Chapter Director in Iowa.  Can you describe your experience and education related to the land professional field? My experience in rural appraisal started back at Oklahoma State University. My senior year I took a farm appraisal class and I really enjoyed it. My first career move in the industry was with the Commissioners of the Land Office with the State of Oklahoma. The Commissioners of the Land Office is a state organization that manages the property that is owned by the state for the ...
0 comments
Be the first person to recommend this.
Farms Weather Uncertain Financial Times During Pandemic When the novel coronavirus arrived in Oregon earlier this year, turning daily life on its head, Bryan Henney, a commercial banking officer at Columbia Bank, was swamped with calls from his clients in farming and agribusiness. "Really, the business community in its entirety was just gripped by fear," Henney remembers. "I was getting phone calls from my clients, even prospects that didn't work with me, concerned about what was happening. Northwest farms and food processors faced a monumental task ahead to comply with strict orders to protect worker health while remaining open as essential businesses ...
0 comments
Be the first person to recommend this.
Challenges in Setting 2021 Land Rental Rates Once harvest is completed in any given year, farm operators and non-farm landowners begin the tenuous task of negotiating annual land rental rates for the following crop year. Approximately 60-70% of crop land in the Upper Midwest is under a land rental agreement, and most rental agreements are negotiated on an annual basis. Arriving at equitable land rental rates for the 2021 crop year is even more of a challenge, given the variable crop yields in 2020 and the unexpected rise in grain market prices, as well as fairy high levels of government farm program payments during 2020. In the past, many land rental arrangements ...
0 comments
Be the first person to recommend this.
For this Member Spotlight, we're highlighting Tyler Walsh, ARA, from Fargo, North Dakota. Tyler is a member of both the Minnesota and North Dakota Chapters of the ASFMRA, and currently works for Crown Appraisals, Inc. Tyler joined the ASFMRA in 2015, and we want to congratulate him on recently earning his ARA designation. How did you begin your career in ag appraisal? Growing up on a dairy farm in Minnesota, I've been surrounded by agriculture my whole life. However, my career in ag appraisal didn't start until I joined Crown Appraisals in 2015. In college, my original plan was to become an accountant for a public or private accounting firm, but I was led ...
0 comments
Be the first person to recommend this.
Typically, the properties that generate complaints are unique properties. There is usually acreage and oftentimes outbuildings of various types, plus these parcels are far apart from one another. Comps are rarely found within a mile of the subject. Sometimes comps are located miles away, often in another town. Rural properties typically contain a variety of outbuildings, such as sheds, barns and even guesthouses or accessory dwellings. Some properties are zoned for horses and have corrals. Findings comps with similar features can be difficult. When a state board investigator is asked to look at one of these reports, they rarely take issue with the comparable ...
0 comments
Be the first person to recommend this.
USDA Exempts Family Farms From Limit on Farm Subsidy Recipients In a reversal, the USDA said on Wednesday that family-run farms are not subject to a rule that tightens eligibility standards for crop subsidies — the opposite of what it announced three months ago. A small-farm advocate criticized the “correction,” which applies to the bulk of U.S. farms, as a violation of the rule-making process and encouraged the incoming Biden administration to void it. At issue was an Aug. 24 regulation that requires people to perform at least 500 hours of active management or at least 25 percent of the management work needed in a year on a farm in order to qualify for a ...
0 comments
Be the first person to recommend this.
Farmer Optimism Rises to Record High On Improving Financial Conditions Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. Both of the barometer’s sub-indices also set new record highs in October. Producers were more optimistic about the future as the Index of Future Expectations rose to 186, 23 points higher than in September, and especially about the current situation, as the Index of Current Conditions reached 178, 36 points higher ...
0 comments
Be the first person to recommend this.
In September, the ASFMRA hosted a live seminar called “Appraising Unique & Atypical Properties” that was developed and instructed by Mark Williams, ARA. Williams, who has been in the appraising business since 1992, understands that the problem solving required for strange properties can be intimidating for some appraisers.  “We all come across these oddball projects, and sometimes we run from them,” said Williams. “We’d like to take them on, but we don’t always have the confidence." Of course, he isn’t referring to himself there. Over the years, Williams has accumulated a wealth of experience when it comes to dealing with “oddball” appraisals, and a ...
0 comments
Be the first person to recommend this.
K-State: Rising Temps Will Disproportionately Affect Kansas Farmers As the climate warms, growing corn and soybeans will become an increasingly risky venture for Kansas farmers, according to a recent study by K-State . The study found that drought and heat are currently the biggest reason for crop yield losses and expect that these losses will become more common because of climate change. The study found that if temperatures rise another 1 degree Celsius or 1.8 degrees Fahrenheit, risks to crop yields will increase by 32% for corn and 11% for soybeans. Three K-State agricultural economists conducted the study that looked at weather data and “Cause of Loss” ...
0 comments
Be the first person to recommend this.
For this Member Spotlight, we're highlighting Chase Sullivan, AFM. Chase is a member of the Indiana Chapter of the ASFMRA and currently works for Farmers National Company. We want to congratulate Chase for recently completing his Farm Manager accreditation alongside a number of his colleagues at Farmers National Company. When did you begin your career in agriculture? Why? I began my career in agriculture in 2013 upon graduating with a management degree from Purdue University. I grew up on a swine and grain farm in East Central Indiana, so my passion for the industry started at a very young age. I knew I wanted to stay involved throughout my lifetime as well. ...
0 comments
Be the first person to recommend this.
Search Underway for Murder Hornets as They Near "Slaughter Phase" Agricultural officials in Washington state said Friday they are trying to find and destroy a nest of Asian giant hornets — also known as murder hornets — amid concerns they could kill honey bees crucial for pollinating raspberry and blueberry crops. Evidence of six of the hornets were found over the last week near the town of Blaine in Whatcom County, the Washington state Department of Agriculture told reporters. The number of hornets found — nearly double the previous number discovered in the state — would indicate a nest has been established in the area, the agency said. One of the hornets ...
0 comments