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When you need to establish the value of farm real estate,
it makes since to turn to the agricultural appraisal specialists at Farm
Credit Services for professional, reliable, high quality appraisals at a
reasonable cost.
Functions of an Appraisal:
Appraisals are conducted to established property values under these
and other circumstances:
- Purchase of real estate
- Sale of real estate
- Financial planning
- Estate planning
- To obtain financing
Who can use the service?
- Appraisal services may be provided to persons or
entities who are eligible to borrow from Farm Credit Services.
- Appraisal
services may also be provided to banks or other institutions requesting
for or on behalf of such eligible persons (owners or prospective owners of
agricultural property).
- Appraisal services may be
provided on agricultural, agribusiness and rural residential properties.
Quality Appraisals:
- Appraisals comply with Uniform Standards of Professional
Appraisal Practice (USPAP), the most widely recognized set of standards in
the real estate industry.
- A standardized report format, the Uniform Agriculture
Appraisal Report (UAAR), helps assure uniformity and proper documentation
in "full-form" reports.
- Appraisals are completed under the supervision
of an American Society of Farm Managers and Rural Appraisers (ASFMRA)
designated Accredited Rural Appraiser (ARA) or a Member of the
Appraisal Institute (MAI).
- Appraiser project teams can be assembled for
large/complex appraisals.
Professional Appraisers
Farm Credit appraisers adhere to the highest
industry and professional standards.
- All are State Certified General Real Property
Appraisers. They are full-time specialist who exclusively appraise
farm and rural real estate.
- To assure quality and consistency, Farm Credit has
established a set of strict standards and procedures for appraisals
which are periodically inspected to assure compliance.
- Ongoing training keeps Farm Credit appraisers current
with the most up-to-date procedures and practices.
- Farm Credit maintains the area's largest, most
current and most comprehensive farm real estate sales data base so appraisers
have unique access to information on the latest trends in ag real
estate values, including specialty properties, in as eleven-state Midwest
area.
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