survey of actual sales and rental arrangements
Transcription
survey of actual sales and rental arrangements
2015 North Dakota Agricultural Land Price & Cash Rent Survey Presented by the Table of Contents About the ASFMRA……………………………………….……………………………………………………………3 ND Chapter Officers……………………………….…………………………………………………….…………….4 Survey Details……….……………………………………………………………………………………………………5 Survey Contributors………………………………………………………………….………………………………..6 Market Conditions……………………………………………..…………………….………………………………..7 North Dakota Land Regions………………………………………………………………………………………..8 Region 1 - Red River Valley…………………………………………………………………………………………9 Region 2 - Northeast…………………………………………………..……………………………………….……11 Region 3 - Northwest/ North Central……………….…………………………………………..……….….14 Region 4 - Southwest………………………………………….……………………………………………….……18 Region 5 - Southeast…………………………………………………………………………………….……..…..22 Regional Cropland Index/Trends……………………..………………………………..……………………..26 State Cropland Index/Trend…………………………………….………………………..……………………..27 ND Chapter ASFMRA 2015 Directory………………………………………………..………..………..…..28 2 About the ASFMRA The American Society of Farm Managers and Rural Appraisers (ASFMRA) is recognized as the premier professional organization for property economic professionals who provide management, consultation, and valuation services, as well as real estate services on rural and agricultural assets. The land experts who hold membership in the ASFMRA work under a professional code of ethics, which includes continuing education requirements. You can rest assured that if you’re working with someone who is an accredited member of the American Society of Farm Managers and Rural Appraisers, you are truly working with a competent land expert and agricultural professional who can assist you with all of the needs you have for your land asset. The ASFMRA, founded in 1929, provides members with the educational resources, information, and leadership that enable them to provide valuable services to the agricultural community. The focus of the ASFMRA is providing education and networking opportunities for a professional group of members providing farm and ranch management, rural and real property appraising, review appraisal, and agricultural consulting services to the private and public sectors and to the governmental and lending communities. The North Dakota Chapter of the ASFMRA consists of approximately 40 members working as land professionals in the State of North Dakota. The North Dakota Chapter is a non-profit, with a mission of supporting the ethical and professional standards established by our national organization, as well as promoting our professions through local educational opportunities and networking. For more information on the ASFMRA, please visit www.asfmra.org. 3 Meet the 2015 ND Chapter Officers President………………………………………….Charles Peterson, AFM Charles Peterson, AFM President Elect….……………………………………………………………………………… Kyle Nelson, ARA Vice President……………………………………………………….………………… Chad Wigestrand, ARA Director………………………………………………………………………….………………….. Tim Terras, ARA Director………………………………………………………..………………………………………….Ryan Haugen Past President……………………………………………………………………………Shawn Weishaar, ARA Secretary……………………………………………………………………………………………………Steve Olson 4 Survey Details This is the 19th year the North Dakota Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) has provided an Agricultural Land Price and Cash Rental Survey. This year, 37 professionals in the appraisal, farm management, and land sales disciplines contributed to the report. The report includes regionalized county level data for vacant dry cropland and pasture sales, as well as a range of cash rents on a per acre basis (for both cropland and pasture). Due to a limited number of pasture sales in some counties, the sales data was consolidated. Data includes January 1st, 2015 to December 31st, 2015 agricultural land sales and current cash rent contracts. Land Professionals were asked to omit data from nontypical sources including, but not limited to irrigated (wet) cropland, transitional and/or development land, land under restrictive easements, etc. The low and high prices per crop or pasture acre are generally due to modifiers that may include locational and physical factors like market area, soil productivity, drainage, as well as any changing market conditions during the calendar year. Reported sales are likely to include duplicates (reported by multiple land professionals), and may not indicate the actual number of sales in that county. In statistics, it is the tendency of data to regress towards the mean as sample sizes increase. Because the statistical mean (or average) is the preferred method to report and measure our regional and statewide cropland index, no attempt was made to consolidated sales data. Survey readers are asked to exercise discretion when using data from this report. This survey data should never be used as a substitute for a land professional. 5 Survey Contributors AgCountry Farm Credit Services Rebecca Darling Roger Durensky, ARA AJ Hammen Tim Kreft, ARA Karen McCann Tim Terras, ARA Kaitlyn Timian Chad Wigestrand, ARA Allen Wood, MAI Allied Appraisals of ND Carrie Mann Bremer Farm Management Chris Griffin Crown Appraisals, Inc. Jeff Berg, ARA Brian Field, ARA Tyler Walsh Farm Credit Services of North Dakota Wade Iverson, MAI Brie Leier Farm Credit Services of Mandan Mark McDermott, ARA Sheila Ressler Farmer’s National Company Andrew Gudajtes, ARA Terry Longtin, AFM Kyle Nelson, ARA Eric Skolness, AFM, ALC Dale Weston, AFM Haugen Farm Realty, Inc. Ryan Haugen Minn-Dak Appraisals & Consulting Steve Webster Noel Johnson Northern Appraisal & Realty Rhonda Knudson Pifer’s Land Management Dwight Hofland, AFM, AAC Dan Remes Red River Land Company John Botsford, ARA Roos & Associates, Inc. Les Roos, ARA Steffes Group Rodney Steffes Max Steffes Timian Appraisal Services Tim Timian, ARA US Bank, Farm Management Group Charles Peterson, AFM Vorland Land Co. Weishaar Appraisal Services Shawn Weishaar, ARA 6 Market Conditions The land market in North Dakota continues to trend downward as stakeholders reevaluate and readjust for the third year of deflated commodity prices. With depressed commodity pricing, favorable growing conditions facilitated above average yields, of which was the saving grace for many row crop producers in 2015. Despite strong production, the cropland market showed signs of continued weakness. The numbers of land sales during 2015 was down and many sellers were unwilling to accept the lower cropland prices. This was evident by many “no sale” land auctions and longer marketing time for listed properties. There are select neighborhoods in the state where prices on quality cropland remained unchanged, but that is now more of the exception than the rule. Highly productive quality cropland will still attract Max Steffes buyers, but generally at lower price levels. Demand for poor quality cropland is low when compared to years past. As the year progressed, buyers and lenders alike grew exceedingly cautious over cash flow concerns, of which has reduced the number of potential market participants (demand) for land acquisitions. Ranchers enjoyed good pasture conditions spurred by ample moisture, however historically high livestock prices fell 25-30% through the second half of the year. Pastureland prices this year were at or near historical highs. However, during the latter half of the year, the adverse livestock prices seemed to affect the pastureland market and a gradual downward trend appears to be imminent for 2016. Nonetheless, demand still seems to outpace supply on quality pasture as ranchers continue to grow their herds. Land rents have historically lagged the markets and this was true during 2014. In 2015 the land rental market finally showed some signs of a downward correction. Many fixed cash rent contracts renewed in 2015 reflected this downward trend. However, the overall demand for rented acres is still very high. The cash rent market is at or above breakeven price levels for nearly all crops according to most financial projections given the current commodity prices and input costs. Mr. Steffes is a member of the ND Chapter ASFMRA and a Land Sales Representative with Steffes Group, Inc. Disclaimer: Views and opinions expressed are those of the Mr. Steffes. 7 Land Regions Of North Dakota 1. Red River Valley 2. Northeast 3. Northwest / North Central 4. Southwest 5. Southeast 8 Region 1 - Red River Valley The Red River Valley of North Dakota includes the counties of Cass, Grand Forks, Pembina, Richland, Traill, and Walsh. This geographic region extends from the Canadian border to the South Dakota line, and approximately 30 to 40 miles west of the Red River through most of the state. This former Lake Agassiz Basin has nearly level topography with drainage provided by shallow channeled streams and rivers. The lake plain soils are primarily rich and fertile clays and siltyclays derived from glacial erosion, and considered to be the most productive soils in North Dakota. The western, or outer areas of the lake basin, include delta and beach areas with fine-textured (sandy) sediments. 9 Red River Valley (Dry) Cropland Prices County All Prices are Per Crop Acre Reported 2015 Range Sales* Low High Cass (East) Grand Forks (East) Pembina Richland Traill Walsh (East) 53 46 29 21 39 28 $3,520 $1,250 $2,000 $1,820 $2,850 $2,107 $7,763 $6,500 $8,364 $6,753 $5,538 $5,306 2015 Statistics Mean Median $5,308 $3,583 $5,055 $4,809 $4,300 $3,943 $5,467 $2,849 $4,859 $5,182 $4,057 $4,100 Pasture Prices County All Prices are Per Pasture Acre Reported 2015 Range Sales* Low High All RRV Counties 4 $505 2015 Statistics Mean Median $1,964 $950 $665 *May include duplicates. Not a measure of pure market activity. Cash Rent Range County Cass (East) Grand Forks (East) Pembina Richland Traill Walsh (East) All Rental Amounts are Per Acre Cropland Pasture Low High Low High $100 $40 $50 $75 $70 $50 $225 $225 $225 $200 $225 $225 $15 $8 $10 $15 $15 $10 $25 $30 $55 $35 $25 $30 10 Region 2 – Northeast Northeastern North Dakota includes the counties of Benson, Cavalier, Eddy, Foster, Griggs, Nelson, Ramsey, Steele, Towner, and Wells, along with the western part of both Walsh and Grand Forks County. The counties are located within the glaciated plains, or drift prairie, with mostly undulating topography, numerous closed depressions, and a few widely spaced streams. The land forms result from glacial thrusting resulting in large depressions marking plains and existing lakes, and from collapsed glacial topography resulting in washboard ridges and a large number of small eskers. This geographic region includes the Devil’s Lake Basin. With rising water and no natural outlet, to date over 160,000 acres of agricultural land within the basin have been inundated. 11 Northeast (Dry) Cropland Prices County Benson Cavalier Eddy Foster Grand Forks (W) Griggs Nelson Ramsey Steele Towner Walsh (West) Wells All Prices are Per Crop Acre Reported 2015 Range Sales* Low High 39 21 32 21 30 32 4 6 40 19 7 32 $430 $1,069 $638 $1,500 $1,250 $716 $1,207 $1,025 $1,360 $1,573 $1,250 $846 $2,693 $3,500 $3,300 $5,000 $5,150 $3,131 $2,654 $2,818 $4,543 $2,738 $4,261 $2,802 2015 Statistics Mean Median $1,791 $2,812 $1,655 $3,040 $3,163 $1,938 $1,911 $1,967 $2,794 $2,096 $2,539 $1,637 $1,711 $2,969 $1,525 $2,714 $2,869 $1,812 $1,892 $1,905 $2,698 $2,000 $2,600 $1,577 Pasture Prices County All NE Counties All Prices are Per Pasture Acre Reported 2015 Range Sales* Low High 52 $346 $1,575 2015 Statistics Mean Median $872 $826 *May include duplicates. Not a measure of pure market activity. 12 Northeast Cash Rent Range County Benson Cavalier Eddy Foster Grand Forks (W) Griggs Nelson Ramsey Steele Towner Walsh (West) Wells All Rental Amounts are Per Acre Cropland Pasture Low High Low High $21 $39 $33 $50 $50 $45 $50 $40 $65 $45 $40 $35 $80 $125 $125 $175 $175 $175 $90 $85 $150 $115 $150 $140 $15 $20 $15 $15 $15 $15 $15 $20 $15 $20 $20 $16 $40 $35 $35 $35 $20 $30 $30 $30 $25 $35 $30 $30 13 Region 3 – Northwest / North Central Northwestern and North Central North Dakota includes thirteen counties; Bottineau, Burke, Divide, McHenry, McKenzie, McLean, Mountrail, Pierce, Renville, Rolette, Sheridan, Ward, and Williams. This territory is physically described as the Drift Prairie, the Missouri Coteau, and the Missouri Slopes. The Drift Prairie extends diagonally from Northwestern to Southeastern North Dakota. The Drift Prairie is glaciated, appearing generally flat with washboard like undulations. The Missouri Coteau extends east from the Missouri River to the Continental Divide, or western edge of the glaciated land. The Missouri Slope's sandstone and shale layers were largely unaffected by glaciers. The area has an irregular topography with the occasional butte rising above the prairie landscape. 14 Northwest / North Central (Dry) Cropland Prices County Bottineau Burke Divide McHenry McKenzie McLean Mountrail Pierce Renville Rolette Sheridan Ward Williams All Prices are Per Crop Acre Reported 2015 Range Sales * Low High 59 19 7 44 1 64 16 10 22 16 13 53 14 $896 $403 $1,502 $629 $1,979 $1,039 $558 $1,094 $1,103 $849 $1,038 $830 $875 $4,664 $1,500 $2,005 $3,126 $1,979 $5,200 $3,200 $2,826 $3,246 $2,450 $2,500 $3,500 $2,080 2015 Statistics Mean Median $2,158 $843 $1,725 $1,510 $1,979 $2,775 $2,175 $1,929 $2,076 $1,727 $1,602 $1,872 $1,328 $2,225 $776 $1,650 $1,503 $1,979 $2,508 $2,181 $1,983 $1,937 $1,728 $1,500 $1,700 $1,308 *May include duplicates. Not a measure of pure market activity. 15 Northwest / North Central Pasture Prices County Bottineau Burke Divide McHenry McKenzie McLean Mountrail Pierce Renville Rolette Sheridan Ward Williams All Counties All Prices are Per Pasture Acre Reported 2015 Range Sales* Low High 13 5 0 22 0 9 3 8 2 7 6 13 1 89 $422 $1,451 $168 $709 No Sales Reported $433 $1,630 No Sales Reported $585 $1,600 $725 $1,583 $311 $1,000 $512 $900 $488 $1,234 $465 $1,147 $375 $975 $745 $745 $168 $1,630 2015 Statistics Mean Median $805 $717 $440 $463 No Sales Reported $831 $804 No Sales Reported $1,077 $800 $1,041 $815 $799 $830 $706 $706 $780 $725 $753 $736 $590 $595 $745 $745 $786 $725 *May include duplicates. Not a measure of pure market activity. 16 Northwest / North Central Cash Rent Range County Bottineau Burke Divide McHenry McKenzie McLean Mountrail Pierce Renville Rolette Sheridan Ward Williams All Rental Amounts are Per Acre Cropland Pasture Low High Low High $35 $25 $25 $15 $25 $30 $25 $40 $30 $30 $30 $30 $20 $90 $50 $50 $75 $50 $150 $80 $80 $80 $60 $90 $100 $50 $10 $10 $8 $10 $10 $10 $6 $10 $10 $18 $12 $10 $10 $25 $20 $20 $40 $20 $40 $34 $35 $25 $40 $35 $30 $20 17 Region 4 - Southwest Southwestern North Dakota includes the counties of Adams, Billings, Bowman, Dunn, Golden Valley, Grant, Hettinger, Mercer, Morton, Oliver, Sioux, Slope, and Stark. The southwest region of North Dakota extends from the Montana and South Dakota borders north and east to the Missouri River. This non-glaciated portion of ND is dominated by the Missouri Plateau and the Little Missouri Badlands. Topography varies from rolling to hilly plains to rugged, deeply eroded, hilly areas along the Little Missouri River. Agriculture is diversified between beef and small grain operations, with corn production increasing in recent years. Oil production is generally confined to Bowman, Slope, Golden Valley, Billings, Stark, and Dunn Counties. Lignite coal production occurs in Mercer and Oliver Counties. Wind energy developments are located in Oliver and Bowman Counties. 18 Southwest (Dry) Cropland Prices County Adams Billings/Golden Valley Bowman Dunn Grant Hettinger Mercer Morton Oliver Sioux Slope Stark All Prices are Per Crop Acre Reported 2015 Range Sales* Low High 43 35 22 27 42 15 11 4 6 8 6 38 $710 $925 $750 $1,100 $900 $1,100 $1,220 $1,300 $1,275 $950 $1,500 $1,300 $2,717 $1,960 $1,850 $2,858 $3,300 $2,875 $2,225 $3,600 $2,600 $1,920 $2,365 $3,325 2015 Statistics Mean Median $1,570 $1,355 $1,234 $1,958 $1,777 $1,995 $1,776 $2,069 $1,737 $1,504 $1,809 $2,084 $1,525 $1,425 $1,200 $1,949 $1,600 $2,000 $1,830 $1,688 $1,579 $1,545 $1,775 $1,968 *May include duplicates. Not a measure of pure market activity. 19 Southwest Pasture Prices County Adams Billings/Golden Valley Bowman Dunn Grant Hettinger Mercer Morton Oliver Sioux Slope Stark All Counties All Prices are Per Pasture Acre Reported 2015 Range Sales* Low High 27 13 6 17 13 4 8 6 10 7 3 11 125 $600 $625 $750 $800 $700 $743 $1,000 $1,650 $905 $700 $1,020 $710 $600 $1,400 $1,700 $1,075 $1,700 $1,800 $1,000 $1,500 $3,600 $1,667 $1,025 $1,175 $2,850 $3,600 2015 Statistics Mean Median $963 $934 $902 $1,106 $1,085 $857 $1,239 $2,397 $1,373 $908 $1,093 $1,527 $1,155 $985 $890 $905 $1,000 $1,008 $842 $1,200 $2,240 $1,488 $950 $1,085 $1,438 $1,000 *May include duplicates. Not a measure of pure market activity. 20 Southwest Cash Rent Range All Rental Amounts are Per Acre Cropland County Adams Billings Bowman Dunn Golden Valley Grant Hettinger Mercer Morton Oliver Sioux Slope Stark Low $20 $25 $23 $31 $40 $23 $22 $35 $39 $35 $35 $28 $33 Pasture High $65 $65 $65 $75 $75 $65 $65 $90 $92 $70 $65 $65 $80 Low $15 $15 $14 $15 $15 $15 $13 $15 $15 $14 $15 $12 $13 High $25 $25 $25 $35 $25 $35 $40 $35 $55 $35 $30 $35 $40 21 Region 5 - Southeast Southeastern North Dakota includes the counties of Barnes, Burleigh, Dickey, Emmons, Kidder, LaMoure, Logan, McIntosh, Ransom, Sargent, and Stutsman, as well as Western Cass County. These counties include geographic regions described (from west to east) as the Missouri Slope, Missouri Coteau, and Drift Prairie. The Missouri Slope includes primarily glacial till soils, with a west boundary being sandy/gravely outwash. The Missouri Coteau is mostly rough and hilly with some outwash areas also present. The Drift Prairie includes primarily glacial till plains with most of the runoff draining into numerous closed depressions (also referred to as the Prairie Pothole Region). Irrigation is common, as this area includes some of North Dakota’s largest aquifers. The majority of the pasture in this area is in the western counties. 22 Southeast (Dry) Cropland Prices County Barnes Burleigh Cass (West) Dickey Emmons Kidder LaMoure Logan McIntosh Ransom Sargent Stutsman All Prices are Per Crop Acre Reported 2015 Range Sales* Low High 43 10 38 48 23 22 18 13 20 33 8 44 $963 $1,420 $2,968 $1,600 $1,600 $677 $2,376 $1,200 $1,571 $1,679 $3,056 $1,063 $4,944 $2,611 $5,670 $5,959 $4,250 $2,769 $4,600 $4,500 $3,000 $5,738 $5,128 $3,859 2015 Statistics Mean Median $3,091 $1,850 $4,275 $3,855 $2,724 $1,599 $3,401 $2,321 $2,264 $3,684 $4,159 $2,382 $2,869 $1,750 $4,151 $3,714 $2,500 $1,413 $3,241 $2,143 $2,260 $3,413 $4,113 $2,345 *May include duplicates. Not a measure of pure market activity. 23 Southeast Pasture Prices County Barnes Burleigh Cass (West) Dickey Emmons Kidder LaMoure Logan McIntosh Ransom Sargent Stutsman All Counties All Prices are Per Pasture Acre Reported 2015 Range Sales* Low High 3 12 1 8 13 15 0 6 9 2 3 11 83 $328 $2,000 $820 $2,100 $1,425 $1,425 $1,250 $2,819 $944 $2,050 $514 $1,564 No Sales Reported $1,000 $1,243 $1,115 $1,815 $784 $913 $1,396 $1,735 $585 $1,277 $328 $2,819 2015 Statistics Mean Median $946 $510 $1,316 $1,338 $1,425 $1,425 $2,402 $2,574 $1,429 $1,400 $1,093 $1,171 No Sales Reported $1,090 $1,099 $1,312 $1,252 $849 $849 $1,622 $1,735 $910 $825 $1,315 $1,200 *May include duplicates. Not a measure of pure market activity. 24 Southeast Cash Rent Range County Barnes Burleigh Cass (West) Dickey Emmons Kidder LaMoure Logan McIntosh Ransom Sargent Stutsman All Rental Amounts are Per Acre Cropland Pasture Low High Low High $60 $35 $50 $50 $35 $27 $50 $40 $40 $70 $60 $50 $155 $105 $180 $200 $100 $70 $165 $90 $85 $180 $175 $135 $15 $20 $15 $15 $15 $15 $15 $15 $13 $15 $15 $11 $35 $45 $25 $50 $37 $40 $50 $50 $35 $35 $36 $50 25 Regional Cropland Trends (Regional Price Index per Acre) Regional Index* 2015 Red River Valley $4,500 % Change -9% Northeast $2,279 % Change -10% Northwest/Central $1,823 % Change -2% Southwest $1,739 % Change -13% Southeast $2,967 % Change -10% 2014 $4,935 -5% $2,539 -8% $1,854 -1% $2,009 17% $3,313 3% 2013 $5,211 11% $2,763 24% $1,865 18% $1,715 21% $3,211 17% 2012 $4,694 42% $2,221 32% $1,583 45% $1,416 37% $2,737 37% 2011 2010 $3,301 $3,090 7% 19% $1,680 $1,451 16% 27% $1,089 $886 23% 23% $1,032 $788 31% 12% $1,999 $1,631 23% 23% *The Regional Index gives equal weight to each reporting market area within the designated region 26 North Dakota Cropland Trend (State Price Index per Acre) $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 2006 2007 2008 2015 State Index* $2,661 % Change -9% 2009 2010 2011 2012 2013 2014 2015 2014 2013 2012 2011 2010 $2,930 $2,953 $2,530 $1,820 $1,569 -1% 17% 39% 16% 21% *The State Index gives equal weight to all 55 reporting market areas in ND 27 ND Chapter Directory – 2015 Jeff Berg, ARA (218) 354-7000 Dwight Hofland, AFM/AAC (701) 630-4359 Crown Appraisals Fee Appraiser 602 Front St. N Barnesville, MN 56514 CG in ND, MN, SD Email [email protected] Pifer’s Auction and Realty 1506 29th Ave South Moorhead, MN 56560 Email [email protected] John Botsford, ARA Scott Huether (701) 795-4553 Farm Management Ag Consulting (701) 793-6789 Red River Land Company Land Broker 3100 South Columbia Road Grand Forks, ND 58201 CG in ND, MN Email [email protected] Farmer’s National Company Farm Management 6607 Highway 32 Real Estate Sales Lisbon, ND 58054 Email [email protected] Roger Durensky, ARA Joe Ibach, MAI (701) 499-2516 (701) 255-3181 Ag Country FCS Staff Appraiser PO Box 6020 Fargo, ND 58108 CG in ND, MN, SD Email [email protected] Dakota Appraisal, Inc. Fee Appraiser PO Box 1235 Bismarck, ND 58502 CG in ND Email [email protected] Brian Field, ARA James Ivers, AFM (218) 354-7000 (701) 795-3313 Crown Appraisals Inc. Fee Appraiser 602 Front Street North Barnesville, MN 56514 CG in MN, ND Email [email protected] Farmer’s National Company Farm Management PO Box 5088 Land Broker Grand Forks, ND 58201 Email [email protected] Andrew Gudajtes, ARA Wade Iverson, MAI (701) 779-7305 (701) 839-5658 Farmer’s National Company Fee Appraiser PO Box 5088 Land Broker Grand Forks, ND 58201 Email [email protected] Farm Credit Services of ND Staff Appraiser PO Box 70 Minot, ND 58703 CG in ND Email [email protected] David Hagert Tim Kreft, ARA (701) 746-8580 Agri Data Inc. PO Box 8372 Grand Forks, ND 58202-8372 Email [email protected] A.J. Hammen (701) 499-2611 AgCountry FCS Appraiser PO Box 6020 Fargo, ND 58108 CG in ND & MN Email [email protected] (701) 787-6637 Brie Leier (701) 852-1265 AgCountry FCS Staff Appraiser 2424 32nd Ave. S. Grand Forks, ND 58201 Email [email protected] Farm Credit Services of ND Staff Appraiser PO Box 70 Minot, ND 58703 CG in ND Email [email protected] Brad Haugen, ARA Terry Longtin, AFM (701) 838-1451 (701) 780-2828 Haugen Farm Realty, Inc. Appraiser 3108 S Broadway, Ste 1 Land Broker Minot, ND 58701 CG in ND Email [email protected] Farmer’s National Company Farm Management PO Box 5088 Grand Forks, ND 58201 Email [email protected] Ryan Haugen Mark McDermott, ARA (701) 839-1451 Haugen Farm Realty, Inc. Appraiser 3108 S Broadway, Ste 1 RE Agent Minot, ND 58701 Email [email protected] (701) 663-6487 Farm Credit Services Staff Appraiser 1600 Old Red Trail PO Box 649 Mandan, ND 58554 CG in ND Email [email protected] 28 Craig McIvor (701) 572-0895 Eric Skolness, AFM (218) 233-1333 Dakota Realty & Appraisal Fee Appraiser PO Box 786 Land Broker Williston, ND 58802-0786 CG in ND Email [email protected] Farmers National Company Farm Management PO Box 234 Land Broker Glyndon, MN 56547 Email [email protected] Jayson Menke Max Steffes (701) 795-3407 (701) 237-9173 Farmers National Company Farm Management 2300 S. Columbia Rd. Grand Forks, ND 58201 Email [email protected] Steffes Group, Inc. Real Estate Sales 2000 Main Ave E Farm Management West Fargo, ND 58078 Email [email protected] Guy Miller Rodney Steffes (218) 643-5505 (701) 237-9173 Miller Realty, Inc. Associate Member 522 Minnesota Avenue Breckenridge, MN 56520 Email [email protected] Steffes Group, Inc. Farm Management 2000 Main Ave E Real Estate Sales West Fargo, ND 58078 Email [email protected] Jared Miller Tim Terras, ARA (218) 643-5505 (701) 499-2584 Miller Realty, Inc. Associate Member 522 Minnesota Avenue Breckenridge, MN 56520 Email [email protected] Ag Country FCS Staff Appraiser PO Box 6020 Fargo, ND 58108-6020 CG in ND, MN Email [email protected] Shirley Milli, RPRA Kaitlyn Timian (612) 713-5427 (701) 499-2568 US Interior, Fish & Wildlife Sr Review Appraiser 5600 American Blvd. W, Ste 930 Bloomington, MN 55437 CG in MN Email [email protected] Ag Country FCS Staff Appraiser PO Box 6020 Fargo, ND 58108-6020 Email [email protected] Kyle Nelson, ARA Tim Timian, ARA (701) 237-0059 Farmer’s National Company Fee Appraiser PO Box 576 Land Broker West Fargo, ND 58078 CG in MN, ND Email [email protected] Steve Olson (701) 967-8572 Fee Appraiser CG in ND, MN (701) 788-3615 Olson Appraisals Fee Appraiser 440 Olson Drive Mayville, ND 58257 CG in ND Email [email protected] Charles Peterson, AFM Timian Appraisal Service Agri Valley Insurance PO Box 127 Arthur, ND 58006 Email [email protected] Rodger Tinjum, ARA (218) 847-3885 Tinjum Appraisal Company PO Box 1368 Detroit Lakes, MN 56502 Email [email protected] Fee Appraiser CG in ND, MN (701) 241-8206 US Bank Farm Management 505 2nd Ave. N Fargo, ND 58102 Email [email protected] Steve Tomac, ARA 2498 59th St. Retired St. Anthony, ND 58566 CG in ND Email [email protected] (701) 445-7364 Brent Qualey, ARA Paul Vorachek, ARA (701) 284-6785 (701) 237-0059 Farmer’s National Company Fee Appraiser 4141 31 Ave S, Ste 101 Land Broker Fargo, ND 58104 CG in ND, MN Email [email protected] Vorachek Farm Appraisal Fee Appraiser 214 Hill Avenue North Park River, ND 58270 CG in ND, MN Email [email protected] Les Roos, ARA Roy Wasche (701) 775-4944 Roos & Associates, Inc. Fee Appraiser 1397 Library Circle, Suite 102 Grand Forks, ND 58201 CG in ND, MN Email [email protected] (701) 232-6376 Farmers National Company Farm Management PO Box 1623 Land Broker Fargo, ND 58102 Email [email protected] 29 Shawn Weishaar, ARA (710) 376-3582 Weishaar Appraisals 1008 31st St. NE Lemmon, SD 57638 Email [email protected] Fee Appraiser Dale Weston, AFM (701) 237-0059 CG in ND, SD ………………………………………… Farmer’s National Company Farm Management 4141 31st Ave S, Ste 101 Land Broker Fargo, ND 58104 Email [email protected] Chad Wigestrand, ARA Notes (701) 787-6683 AgCountry FCS Staff Appraiser 2424 32nd Ave. S. Grand Forks, ND 58201 CG in ND, MN Email [email protected] ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… Professional Designation Guide CG – Certified General Appraiser AAC – Accredited Agricultural Consultant ARA – Accredited Rural Appraiser AFM – Accredited Farm Manager RPRA – Real Property Review Appraiser MAI – Member Appraisal Institute ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ………………………………………… ……………………………………........ 30