Cost Approach (A301) Coming to Sacramento June 13 - 16
Cost Approach is specifically designed to meet the 30 hours required by the Appraiser Qualifications Board for Qualifying Education for General Certified Appraisers. The course covers topics such as underlying Cost Approach definitions and concepts. Extensive site or land valuation techniques are presented because of the importance of land in rural properties. Comparable sales analysis is included for contributory value of land classes, as well as paired sales techniques, derivation and sequence of adjustments, analysis of properties with multiple land types, reconciliation, and case studies. Depreciation analysis covers age-life, modified economic age-life and market derived depreciation to include all forms of depreciation including physical, functional and external obsolescence. These topics are discussed with relevance toward the sometimes unique aspects of rural property valuation. The concepts are reinforced through classroom discussion, drill problems and periodic diagnostic quizzes. The class will be held at the Hampton Inn & Suites - Sacramento Airport, Natomas.A301 Cost Approach Flyer.pdf
Jim & Mary Rickert - Prather Ranch - Earn Distinguished California Agriculturalist Honor
The California Chapter is pleased to announce Jim & Mary Rickert as recipients of the 2016 Distinguished California Agriculturalist Award. Mr. and Mrs. Rickert are the owners of Prather Ranch in Fall River Mills, California. Over the past 37 years, the Rickerts have increased the Prather Ranch operation from a 3,000 acre pasture, hay and timber ranch to over 35,000 acres consisting of a vertically integrated cow/calf beef operation, feed yard, slaughterhouse, retail meat outlets and haying operation.
The Mission of the California Chapter, ASFMRA:
Empowering agricultural property professionals with education and expertise to provide premier valuation, management and consulting services.