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Review of the 2013 Fresno Agricultural Valuation Symposium

I recently attended the 2013 Fresno Agricultural Valuation Symposium which was held at the University of Fresno on January 23.  This event was the brainchild of Brad MacLane MAI, our current Chapter President and John Maus, ARA of the American Society of Farm Managers and Rural Appraisers (ASFMRA).  Both worked hard to create this Symposium at no cost to the attendees.  The University of Fresno was gracious enough to host the event to an overflow crowd.

The Symposium presented an overview of the agricultural Real Estate market in the southern portion of the Central Valley.  The information was very detailed and well received based on comments I heard during the breaks.  Attendees included lenders, realtors, investors, and other appraisers.  Speakers were a former member of the  World Bank, attorneys, water specialists, Farm Credit lenders, and Realtors. Stanley Xavier, Jr., or Correia-Xavier, Inc. gave a detailed report and analysis of current agricultural values and trends.

The general census from the panelists was that agricultural values were on a significant upward trend.  This is due to the high cost of commodities and the lack of large parcels of production land.  The one sour note was that dairies and dairy-related land values were severely depressed.

Read more about the event in these articles by the Fresno Bee and the Business Journal.  And to top it off, four hours of OREA continuing education credit was received at no cost!

Rich Paddock

Certified Residential Appraiser, Senior Partner, Paddock Appraisal Service, Inc.