Courses & Seminars

ASFMRA is an internationally recognized leader in appraisal training. We are a not-for-profit appraisal society and sponsoring member of the Appraisal Foundation providing education since 1929 and serving all jurisdictions in the United States. We provide Appraisal Qualifications Board (AQB) and state approved appraisal training for certified general licensure and for continuing education.

The ASFMRA offers specialized seminars such as Yellow Book, Valuation of Conservation Easements, Timber Property, Mineral Rights, Dairy Appraisal and a lot of other topics. Take a look at the seminars to see what we offer, then take a look at our education schedule to see what is being offered near you! If you have any questions you can contact Deanna Ilk at 303-692-1222 or dilk@asfmra.org

Introduction to the Valuation of Permanent Plantings

Target Audience: Appraisers

In the Introduction to Permanent Plantings Seminar an overview of the types of permanent plantings will be outlined including orchards, vineyards and other permanent crops. The issues that affect the value of permanent plantings will be addressed along with a discussion of the life cycle of permanent plantings and economic considerations that may have an impact on the economic life of the planting. An opinion of highest and best use, both as vacant and as improved with the planting will be developed addressing each of the four tests of highest and best use. The approaches to value, including the cost approach, the sales comparison approach and the income approach will all be discussed. A land value will be estimated for use in the cost approach and a cost analysis and the theories used in the cost approach will be analyzed leading to a value estimate by the cost approach. In completing the sales comparison approach several sales of permanent planting properties will be considered and used to develop a value estimate comparing the various attributes of the subject property and the comparable sales. In developing the income capitalization approach typical income and expenses will be reviewed for a permanent planting property, capitalization rates and yield rates will be developed using different methodologies and a value estimate will be developed. A discussion of sources of data for use in the three approaches will provide the seminar participants an opportunity to share their experiences in obtaining relevant data. Reconciliation between the approaches to value will be discussed leading to a final estimate of value.

The seminar is considered to be an introductory level offering providing an introduction to the permanent plantings class of property and the valuation of these property types.

Contact Hours: 8 hours

List of Seminars