The Most Trusted Rural Property Professionals - ASFMRA
Volume 9, Issue V


March 11, 2014
ASFMRA Ag News
In This Issue
 
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This newsletter on the website 

Education Schedule 

Chapter Meetings
Newsletter Archives
The 2014 Illinois Land Values and Lease Trends Report Available
The 2014 Illinois Land Values and Lease Trends Report is now available for orders. (Download an order form) This 100-page book has the latest information on Illinois land values and lease trends that will be released to the public at the Land Values Conference on March 20.
ASFMRA Career Center

Job Title: Real Estate Specialist Advanced
Position Location: Waukesha, WI
Application Deadline: March 16, 2014

 

Job Title: Appraiser
Position Location: Garden City, Kansas
Application Deadline: March 31, 2014

 

Job Title: Farm, Ranch and Timber Asset Manager
Position Location: Hamilton, OH

  

Get complete details on these and other positions. 

Events

Summer Ed Week

July 13-17, 2014

Des Moines, IA

 

Leadership Institute

September 8-12, 2014

Washington, DC

   

AgroNomics - 84th Annual Meeting 

Oct 27-Nov.1, 2014

Tucson, AZ 

Contact Us

American Society of Farm Managers and Rural Appraisers

950 South Cherry Street,

Suite 508

Denver, CO 80246-2664
TEL: (303) 758-3513
FAX: (303) 758-0190
www.asfmra.org

 

Staff Contact Info

 

Executive Council

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Welcome to the ASFMRA Ag News. We hope you will find it a useful tool for staying up to date with ASFMRA news, courses, seminars and critical information for rural property professionals.
Profits promise to be widespread this year
Kiplinger LogoFor ranchers and other livestock owners...including feedlot operators and poultry producers... Profits promise to be widespread this year. Supplies are tight: Herds and flocks... except for chickens raised for meat...will be flat or smaller on the heels of droughts that baked fields and pastures in many regions, driving up feed costs. Copyright 2014. The Washington Kiplinger Editors, Inc. Login to Member Resources to download the latest issue of Kiplinger   Please call Michele for assistance with your login and password at 303-692-1218 or mstockman@asfmra.org or respond to this newsletter.

 

 

Land Pro Sees Stabilizing Values

LandOwner

After a rather turbulent nine months, we checked in with our trusted friend we call Mr. Land for his views on the market. Longtime LandOwner subscribers will recall we refer to Mr. Land periodically for his extensive perspective on the farmland market. But we do not identify him because we want to keep him to ourselves. Sorry.

 

Login to Member Resources to download the latest issue and read more.   Please call Michele for assistance with your login and password at 303-692-1218 or mstockman@asfmra.org or respond to this newsletter.

 

 

 

Rabobank: Grain prices moderating
From Capital Press - By Carol Ryan Dumas - Moderating feed prices, combined with strong demand, has U.S. beef and dairy producers on target for an exceptional year, according to Rabobank analysts. In the big picture, grain markets are rebuilding and prices have moderated over the last six months and could go lower, said Bill Cordingley, managing director and chief of Rabobank agribusiness research and advisory group. Read more.

 

   
Outlook bright for dairy producers

From Capital Press - By Carol Ryan Dumas - High milk prices, strong dairy export demand and lower corn prices are improving the outlook for U.S. dairymen in 2014. Drought in the West, particularly California, however, will bring higher alfalfa prices to dairymen in the region. Optimism on dairy farms is running extremely high right now, and things are looking really good for the first time in four year, said Katelyn McCullock, dairy economist with Livestock Marketing Information Center. Producers are enjoying the highest milk-feed ratio in five years, and U.S. dairy exports broke the record in 2013, up 39 percent on a value basis and up $1.4 billion from 2012, she said during the 2014 Idaho Hay and Forage Association conference. Continue reading.

 

   
Report: Ethanol producers are making good profit  
The average production margin of a typical U.S. ethanol plant in the past few months has reached somewhere between 40 and 80 cents per gallon, thanks to slumping feedstock costs, according to a study from Iowa State University. High prices of ethanol and distillers dried grains with solubles, along with strong export demand, are also boosting producers' profits, said Sean Hill, an economist at the Energy Information Administration. Minnesota Public Radio/Statewide blog (3/5) Continue Reading.

 

 

New Commercial Greenhouse Appraisal Class

During Summer Education Week, July 13th thru 17th, 2014 ASFMRA will be offering a new class on Commercial Greenhouse Appraisals.  In this class, you learn three approaches to valuing greenhouse property including a discussion of comparable sales, how to separate real property from the intangible, and be provided with graphic examples of design, fixtures and add-ons. 

 

Unable to attend Summer Education Week?  Join the Northeast Chapter for their class, April 29th, 2014 in Vineland, NJ.  Registration deadline is April 14th!  They also have a greenhouse tour the following day and the one day Income Seminar on the 28th.  We will be touring at least one of the top 100 growers.

 

View a complete list of ASFMRA class offerings!

    

Welcome New Members

Thank you for being a part of the ASFMRA! Help the ASFMRA welcome our new members. The ASFMRA appreciates every member for choosing the Society as the association you desire to affiliate with. The ASFMRA continues to make every effort to offer member services which will be of benefit to you professionally and personally.

 

We are recognizing new members of the Society on a monthly basis. You may recognize your fellow peers in the following list and we encourage you to welcome them into the membership of the ASFMRA. Read more about our new members.

  

Official Notification - Policy and Procedure Manual Changes

The following proposed amendments to the Society's Policy and Procedure Manual were approved by the Executive Council. You may obtain a current copy of the Bylaws and the Policy and Procedure Manual on the ASFMRA Website or on AgProLink for the Bylaws click here and for the Policy and Procedure Manual click here.  

Amendments to the ASFMRA Policy and Procedure Manual Approved by the Executive Council  

The following amendments were approved by the Executive Council since the Policies and Procedures they reference are under their jurisdiction. Notification is being provided to the membership of these changes for informational purposes. Download a copy of the Amendments to the ASFMRA Policy and Procedure Manual Approved by the Executive Council.

 

 

Testified in Court? What You Need to Know

If you recently testified in court on opposing sides of another ASFMRA member, according to the ASFMRA Code of Ethics, Article 14, "All Society members who testify as an expert and give an opinion before a tribunal where another member testifies for the opposing party are required to file a case report with the Society office within 30 days after date of testimony. A tribunal is a body or individual who renders a final decision. Depositions are not final decisions." Find out more about testifying in court.

 

 

News from The Appraisal Foundation

The Appraiser Qualifications Board (AQB) has issued an Exposure Draft of a Proposed Revision to the 2015 Real Property Appraiser Qualification Criteria. Link:  https://appraisalfoundation.sharefile.com/d/s8fdb551090a474a9  Issued on February 26, 2014 Written comments requested by April 9, 2014 Send Comments to AQBComments@appraisalfoundation.org Questions?  Please contact Magdalene Vasquez, Qualifications Administrator, 202.624.3074

 

The Appraisal Practices Board (APB) of The Appraisal Foundation has extended the comment deadline for the following document: Exposure Draft - The Valuation of Customer-Related Assets All interested parties are encouraged to comment in writing to the APB before the deadline of April 30, 2014. Respondents should be assured that each member of the APB and the SME Group will thoroughly read and consider all comments. Email: VFRcomments@appraisalfoundation.org   Fax: 202.347.7727 If you have any questions regarding this Exposure Draft, please contact Paula Douglas Seidel at (202) 624-3048 or paula@appraisalfoundation.org.

 

 

Suzanne GrubaPlease let us know what you think of the ASFMRA Ag News. Is there anything else that you would like to see covered?
SIncerely,
Suzanne Gruba
American Society of Farm Managers & Rural Appraisers
The Most Trusted Rural Property Professionals 

sgruba@asfmra.org 

 

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