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In This Issue Leadership Institute 2021: Reserve Your Spot Today ASFMRA Pollination and Prospects Update (Free for Members) Member Resource: NCREIF Farmland Property Index Connecting Ranchers with Land Stewards Could Be Key to Less Disastrous Wildfires As you read this, there are about 150 goats grazing their way through the grass and woodland areas surrounding Fitch Mountain, a local open space preserve in Healdsburg, California, an hour north of San Francisco. The goats will be there for the next few months, eating down the grasses and shrubs that would act as fuel for wildfires across 90 acres. In a historically dry year, when nearly ...
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In This Issue Land Loans, Equity Crowdfunding, And Beyond: Know Your Farm Financing Options Submit Your National Awards Nominations (July 15 Deadline) [Apply Here] The Appraisal Foundation Seeks Candidates for Appraisal Standards Board Group with Ties to Mormon Church Outbids Bill Gates’ Group for Easterday Land An investment company with ties to the Mormon church has the high bid for land that belonged to the now bankrupt Easterday Farms and Easterday Ranches. A company called Farmland Reserve submitted a bid of $209 million dollars for more than 33,000 acres of land in Benton County, Washington. The second highest bid came from a group ...
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Farmers know it well: in order to make money, you have to spend money. When you’re looking to buy a farm, expand your farming business, or improve a piece of farmland, the first thing you need is some capital to make it happen. There are myriad options for financing land purchases or farm business expansion, including a few that are less conventional but just as effective. This article reviews some of the most common routes to accessing farm capital and introduces some debt-free alternatives that you may not be aware of yet—but are helping farmers across the U.S. accomplish their business goals right now. FINANCING FARM EXPANSION WITH DEBT Broadly speaking, ...
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In This Issue 2021 Journal of the ASFMRA Are You Getting the Most Use Out of Your Drone? FREE: ASFMRA June Crop Development Update Cyberattack on Meat Giant Has Iowans Looking to Fortify Defenses A ransomware attack on the world’s largest meatpacking company this week drew attention to the need for more cybersecurity in agriculture. JBS plants across the United States, including two in Iowa, had moved toward reopening at full capacity late Wednesday after a cyberattack on servers. The White House said a Russian crime organization is likely to blame. Pat McGonegle, CEO of the Iowa Pork Producers Association, said the JBS incident showed ...
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When drones began emerging into mainstream commercial use, it seemed like the sky was the limit for how this technology would impact farm management and farmland appraisal. But now that outlooks have become a bit more grounded, how are these professions actually making use of drones today? For appraisers, the obvious advantage of using a drone is gaining an aerial perspective that allows you to view a property from different angles and inspect areas that would normally be difficult to access. "The primary purpose was getting a better view of the things we’re trying to evaluate,” said Dave Cullins, Senior Vice President of Administration for AgTexas Farm ...
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Where's the Water?

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by Claudia Gaglione, Esq. In the past few years, we have seen numerous claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the report said the property was serviced by “public water”. While public water lines ran adjacent to the property, they were not connected. The property actually was getting water from a small private well. A similar situation arose when an appraisal reported the water source to be a “water co-op”. It was later discovered that the property was not connected to the co-op lines and was also serviced by a private well. In another claim, the report stated ...
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In This Issue Save the Date: Annual Conference MapRight: Showing the Past, Present, and Future ASFMRA Committee Applications Drought Forces California’s Farmers to Make Hard Choices In wetter times, these feathery beds of asparagus would produce generations of tender green spears, reaching for the vast San Joaquin Valley sky. On Monday they were disked into the dry dirt, their long lives cut short by unreliable and expensive water. “It’s a really sad day,” said Fresno County’s Joe Del Bosque, who has destroyed 100 acres of organic asparagus so he can divert precious water to more valuable melons. “The water is so uncertain this year. ...
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In real estate, it’s all about the land. Its history, its current state of existence and its potential moving forward. The trick for real estate professionals is properly conveying all of this to prospective buyers in a manner that is both persuasive and easy to understand. In recent years, they’ve begun to look at how a GIS land plotting app can be used to enhance both the educational and marketing aspects of buying and selling properties. With the right software, you’re able to visualize a parcel of land in all states of its evolution: past, present and future. Here’s how: The Past: Deed Plotting A deed is a legal document transferring ownership rights ...
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In This Issue Education Week: Continuing Education FREE: Planting Conditions Report FREE: Tax Proposals Webinar Member Spotlight: Jeral Gross Farmers Worried By Possible New Capital Gains, Estate Tax Liability Very few farm families pay estate taxes but almost all large-scale farmers are worried that changes in the tax code will increase their exposure to capital gains or estate taxes, said a Purdue University survey released on Tuesday. The poll was conducted before the White House said nearly all inherited farms would be exempt from the proposed tax changes. Some 95% of producers taking part in the Purdue survey said they were ...
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Here's another great Member Spotlight coming from the South Dakota Chapter, this time on Jeral Gross. Jeral is based out of Mitchell, South Dakota, and is focused on growing his appraisal practice, Appraisal Associates, Inc. Describe your experience and education related to the property professional field. I grew up on a family farm near Bridgewater, SD, where we raised corn, soybeans, and wheat. We also maintained a cow/calf operation. Through this experience, I knew I wanted to do something in agriculture. After graduating from Augustana College with a BA degree in Business Administration, I worked for two lending institutions: Community First (now Bank ...
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In This Issue Education Week New On Demand Courses Appraiser Profession Diversity Study Facing the Ongoing Challenge of Ag Land Acquisition While most people who grew up on a farm are thankful for the experience, fewer and fewer people have had the opportunity over time. As Steve Bohr notes, it begs the question: Why would you ever stop farming? "Ultimately," Bohr says, "death is what forces us to transition." Bohr, a financial adviser and co-owner of Farm Financial Strategies Inc., discussed land transition and maintaining farm legacies at a recent spring seminar held by the Iowa chapters of the American Society of Farm Managers and ...
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There’s a growing buzz in farming and the media around regenerative agriculture. While interest in carbon farming is expanding, the rate of adoption remains low due to unfamiliarity and the cost and risk involved in transitioning growing operations. That may change, however, with government and businesses alike committing to creating incentives for farmers to adopt practices designed to improve soil health and potentially increase the amount of carbon in the ground. The arrival of agriculture-oriented carbon marketplaces, where buyers pay farmers for the carbon they capture, could also lead to a faster uptake in regenerative agriculture practices. According ...
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In This Issue Regenerative Agriculture and Carbon Marketplaces Upcoming Chapter Events Join the Discussion on the Ag Open Forum (Members Only) Billionaire NFL Owner Quietly Buying Up Thousands of Acres of Illinois Farmland Illinois billionaire Shahid Khan is known for building the automotive parts company Flex ‘N Gate, based in Urbana, IL, into a global manufacturer with 69 facilities around the world. He also is known as the owner of the National Football League team Jacksonville Jaguars and the UK’s Fulham F.C. soccer team. In addition, he has given millions of dollars to his alma mater, the University of Illinois at Urbana-Champaign, ...
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In This Issue Partner with the ASFMRA Member Spotlight: Ronda Newgard 3 Reasons Why You Should Become A Real Property Review Appraiser Property Rights vs. Local Control? Renewables Bill Sparks Debate A bill that would allow neighbors to block wind turbines and solar arrays in the rural corners of Ohio is sparking an intense debate over landowners’ rights and local control. The proposal making its way through the legislature would allow small groups of citizens to block solar and wind farms after they’re already permitted. “People have a right to know how these projects are going to affect their landscape,” one of the sponsors, Sen. Rob ...
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For this member spotlight, we bring you Ronda Newgard, ARA. Ronda has been an ASFMRA member since 2015, and has served as chair of the Membership Committee for the Carolinas-Virginias Chapter since 2018. She currently works as an appraiser for Carolina Farm Credit. When did you begin your career in ag and appraisal? Growing up on a poultry and cattle farm, I have always been around agriculture. However, when I started my appraisal career 20+ years ago, I appraised mainly residential properties. When I was offered a position as a staff appraiser at Carolina Farm Credit, I jumped at the chance to focus on more agriculture and specialized properties. Since I ...
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For this Member Spotlight, we're sharing a profile on Travis Shaykett, who serves as a Committee Chair for the South Dakota Chapter of the ASFMRA. Travis works as an appraiser for the family business, Shaykett Appraisal Company, and is based out of Sioux Falls, South Dakota. When did you begin your career in agriculture? While agriculture has always been in my family, my career in ag began when I started my appraisal career in 2008. After college I started working in the family business which included appraising agricultural properties. Describe your experience and education related to the property professional field (appraisal, farm management, consulting, ...
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In This Issue Free Webinar: Business Transition Free Member Exclusive: Financial Markets & Economic Update AgProLink: Join the Discussion Ranching, Rodeo and a Generational Family’s Struggle to Maintain Their Western Way of Life Along a steep, dusty path, Bill Wright reaches a flat enclave of red dirt and scattered rock. In the distance, soaring sandstone walls jut into the glowing evening sky. Up here, among the pinyon pines and sage, it’s quiet. Serene. Almost eerily so. On a clear day, the horizon stretches some 60 miles south, all the way into Arizona. Bill’s pretty proud of that — and rarely misses a chance to say so. “I still ...
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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 ...
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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 ...
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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 ...
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