Annual Conference Rapid Fire Session

2020 Virtual Annual Conference Rapid Fire Case Studies

sponsored by

Wednesday, November 11 | 8 AM - 12 PM MT

Appraising Residential Property on Tribal Land
Brian Gatzke, ARA; Northern Plains Appraisal, LLC

Topics for duscussion will include:

• Working on tribal trust land overview
• Types of appraisals
• Land holding, property rights, restrictions
• Property types
• Site location
• Typical house features and design
• Physical depreciation

How to Engage Conservation Practices with Share Risk and Reward
Margy Eckelkamp, Farm Journal

Farmers show a high conservation ethic, yet this remains disconnected from data collection and sharing. Therefore, conservation is important but disconnected This session will highlight new research done by Trust In Food, a Farm Journal Initiative, in collaboration with The Sustainability Consortium. Key takeaways include how to drive a partnership between landowners and tenants where cost and risk are shared by both.

Sustainability Initiatives
Mollie Aronowitz, AFM, Peoples Company

How one company has evolved from focusing on annual income and production to a broader asset preservation model. Topics for discussion include:

• Connections in asset management between production/financial performance and positive contribution to society
• Define ESG and the role of ag land professionals as pressure is placed on supply chain for more transparency and sustainability practices
• Peoples Company’s experience in Leading Harvest readiness review process and expectations for 2021 first-year auditing to the standard

Appraising RV Resort Campgrounds
Larry Foltz; Valhalla Management Services

Campgrounds are a good example of the appraisals of going business concerns in the rural market. Details of approaches and challenges in making these appraisals will be discussed.

Shoddy Work = Discounted Value
Mark Williams, ARA; Value Midwest

This session will explore a market supported discounted value of three different properties due to defective workmanship. In each case, the subject properties suffered damage to building improvements which interrupted normal operation. Per the client’s instructions, the appraiser valued the subject properties in the “before state” a day prior to a change in physical condition due to defective workmanship and in the “after state”, one day after. The seminar will explore the impact on market value to a farrowing unit, lumber mill, and extended stay hotel. Although each property suffered similar business interruption, income loss and market value via different circumstances, the appraiser solved the appraisal problem via different valuation methods.

Highest and Best Use
Brian Sousa; Yosemite Farm Credit

Discuss situations where the appraiser encounters an existing dairy but the market may not view the property as a dairy any longer. While proficiency with HBU is fundamental to the appraisal process, it is a tricky concept. Review key processes and methods of market analysis and highest and best use analysis as applied to real property appraisal. Demonstrations for how the process can be applied will be used.