Bringing Ranchers and Investors Together to Buy and Preserve Working Ranches

Through this New Ranch Partnership, the rancher is able to own and operate a large working ranch, while significantly reducing his capital costs and operating expenses. At the same time, the recreational investor obtains ownership to a beautiful working ranch with full access to the ranch’s recreational amenities. While every transaction is unique, the underlying premise for the New Ranch Partnership is to provide an opportunity to preserve the working ranches of the west, while expanding the ranch’s value through developing and managing the recreational ecosystem within the ranch.

Ft Collins, CO (PRWEB) November 16, 2008 — Ranching in the American West has a long and storied history. Most of today’s ranches can be traced back to the days of homesteading, when settlers and sodbusters carved out a living through hard work and perseverance. These brave men and women were the backbone of western expansion and their agriculture products became the staple of American Industry. In return for their efforts, these pioneers received full ownership to some of the most beautiful land in the West.

With the 20th century industrialization and urbanization of America, the western rancher became an obsolete icon, relegated to the background while still expected to provide enough beef and food crops to fuel the fast growing American population. At the same time, the ranching homesteads of the early pioneers were fast becoming the most desirable locations for new home subdivisions and wealthy mountain retreats.

Today, the increasing demand for these pristine valleys is driving land prices out of reach to make farming and ranching a profitable business. The Colorado Department of Agriculture reports that 57% of those who own a Colorado ranch must work off the farm to make ends meet, with 39% working more than 200 days off the farm.

So, who is the next generation of ranch owner? A recent study by the University of Colorado analyzed ranch sales in ten Montana and Wyoming counties from 1990 to 2001. Just 26% of those who bought large parcels (400+ acres) were traditional ranchers. Nearly 40% were “amenity” buyers — millionaire out-of-towners who don’t rely on the ranch to make a living. The rest were real estate investors, part-time ranchers, developers and others. Many of these amenity buyers are looking to enjoy the ranching lifestyle and recreational access of their ranch property, but do not have the time, experience or desire to maintain the agriculture operation.

While these conflicting trends appear to be driving a wedge into the future of working farms and ranches, Ranch Partners Real Estate sees this as an opportunity to create a new partnership for preserving the western ranching heritage. Ranch Partners works with ranchers, investors and recreational buyers to identify properties that can serve as a sustainable agriculture business and a recreational ranch investment. Then, using the “Tenants in Common” form of real estate ownership, the ranch is purchased together by the rancher and investor, with each buyer receiving a deeded title to an equal and undivided interest in the ranch.

Through this New Ranch Partnership, the rancher is able to own and operate a large working ranch, while significantly reducing his capital costs and operating expenses. At the same time, the recreational investor obtains ownership to a beautiful working ranch with full access to the ranch’s recreational amenities. While every transaction is unique, the underlying premise for the New Ranch Partnership is to provide an opportunity to preserve the working ranches of the west, while expanding the ranch’s value through developing and managing the recreational ecosystem within the ranch.

Whether you are a rancher with a desire to own and manage your own ranch, a high net worth individual looking to invest in real estate with above market appreciation potential, or an avid outdoorsman looking for your own private refuge to hunt, fish and enjoy, the New Ranch Partnership is for you.

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Advanced Approaches To Value For Rural Appraisal

Building upon intermediate appraisal concepts, the student will explore practical applications of the three approaches to value. Course lectures are supplemented with problems, exercises and case studies. Advanced Rural Appraisal (A-300) is a natural progression for individuals who have successfully completed the Intermediate Approach to Value for Rural Appraisal (A-200) course and want to focus on advancing their skills needed to solve rural appraisal problems. These skills include advanced analysis of depreciation; income capitalization including direct overall capitalization, straight-line, band of investment, income and expense analysis, and discounting; lease analysis; and advanced sales comparison approach techniques. There is a full-day case study that enables the student to apply the three approaches to value in the appraisal of a rural property.

Dates: 10/19/2008 to 10/25/2008

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UASFLA — Requirements of UASFLA – The ‘Yellow Book’

This seminar is designed to provide participants with increased understanding of the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA), aka the Yellow Book. The discussion then includes the Factual Data and Data Analysis and Conclusions – Before acquisition to the Factual Data and Data Analysis & Conclusions – Ater Acquisitions, concluding with the final Acquisition Analysis. The seminar proceeds to teach an understanding of the basis of the case law for the UASFLA and relates this case law to the development and reporting of appraisals for federal acquisitions. Students will then learn the standards for the review of these appraisals.

Dates: 10/14/2008 to 10/16/2008

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Dakin Farm Maple Industry Leader Inducted into International Maple Hall of Fame

Sam Cutting III of Vermont’s Dakin Farm recognized for contributions to Vermont maple producing.

Ferrisburgh, VT (PRWEB) September 11, 2008 — Sam Cutting III, senior founder of Dakin Farm, producer of specialty Vermont food and mail order gift baskets, was recently inducted into the International Maple Hall of Fame at the American Maple Museum in Croghan, NY.

A Vermont sugarmaker and farmer, Cutting III has been a leader in the maple business since 1960 when he and his wife Joan purchased Dakin Farm in Ferrisburgh, Vermont. The farm consisted of 120 acres of working farmland, a farmhouse built in 1792, a roadside stand and a maple cannery. Over the years, the Cutting family added 14 additions to the original farm stand and in 2003 constructed a two million dollar distribution center that enables Dakin Farm to continue to grow and ship more Vermont food Products across the country and around the world. They also have two retail stores located in Burlington and Ferrisburgh, Vermont.

“My father has been extremely involved in the Maple Industry for nearly 50 years. He loves everything to do with maple. He loves the maple trees, the farms that produce maple syrup, the people who work in the maple industry; he loves working with the product and has been one of Vermont’s foremost marketers of Pure Maple Syrup his entire career,” said Sam Cutting IV, current Dakin Farm president, during a speech honoring his father at the American Maple Museum’s Hall of Fame awards ceremony. “If anyone could be called a true maple syrup expert, it’s my dad.”

Over the years, Sam Cutting III served on the Vermont Maple Industry council almost from its inception in the early 1960s to this day. He was a founder of the Vermont Maple Promotion board and served on this board for over 20 years. He has also served the maple industry by working with state and federal government to secure a strong position for maple, agriculture and family farms in Vermont. Other honors for Cutting III include: Vermont Maple Industry Council as Outstanding Maple Person of the Year; Vermont Maple Sugar Makers Association with the President’s Award; and in 2002 received Vermont’s highest maple award, the Sumner Hill Williams Memorial Cup. This award is for a lifetime achievement of outstanding service to the Vermont Maple Industry.

Dakin Farm has offered genuine maple cured cob smoked meats, pure Vermont maple syrup, aged Vermont cheddar cheese and Vermont specialty foods for 48 years. Over the years, two generations of the Cutting family has grown the Vermont-based farm into a thriving mail order business with two retail stores and an e-commerce Web site at www.dakinfarm.com.

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ASFMRA & LandsOfAmerica.com Team Up For Offering

The American Society of Farm Managers and Rural Appraisers (ASFMRA), the premier organization for rural consulting services announced today a partnership with LandsOfAmerica.com, LLC (LOA), the nation’s leading rural land listing service. Together the two leaders in the industry will provide comprehensive services to members.

(PRWEB) September 2, 2008 — The American Society of Farm Managers and Rural Appraisers (ASFMRA), the premier organization for rural consulting services announced today a partnership with LandsOfAmerica.com, LLC (LOA), the nation’s leading rural land listing service. Together the two leaders in the industry will provide comprehensive services to members.

The ASFMRA and LOA partnership will provide a central comparable sales program for rural properties to ASFMRA members as well as listing opportunities. The program will benefit not only members and rural real estate professionals but also the buying public by providing and promoting the vast database of rural land properties for sale on the LandsOfAmerica.com website.

Jake Massengale, CEO of LOA says, “It is a big undertaking and a long term program, but with the reach that both of our groups have within the rural real estate market, we think it is a goal that can be accomplished.” LOA provides listing services for rural properties including farms, ranches, timberland, mountain, and waterfront real estate on their network of over 250 rural real estate websites. Members of LOA can utilize this beneficial new program to share information about properties they are involved with selling. As a result, they are able to search the entire program for comparable sales through their main website at www.LandsofAmerica.com.

The ASFMRA provides members with management, valuation and consulting services to the agricultural and rural property community with their immense network of professionals. “We are pleased to have this great new partnership with LandsOfAmerica.com. This has proven to be a great new tool in the tool box for managing, valuing and selling rural property,” says Merrill E. Swanson, ARA, District VP, serving on the Executive Council for ASFMRA, “I have found that LandsOfAmerica.com is a very cost effective and successful advertising medium to expose rural land listings to a wide variety of prospects. The ability to advertise listings not only on LandsOfTexas, as in my case, but on all of the associated websites provides very good exposure on a national basis. The knowledge of these listings on LandsOfAmerica.com provides appraisers a head start for confirming comparable sales. The new comparable sales data system being developed by LandsOfAmerica.com should greatly aid Appraisers, Managers and Brokers in the American Society.”

With the ASFMRA and LOA teaming up to provide these services to their membership base, it increases the exposure of rural properties nationwide and provides valuable tools for sharing information and valuing properties. This information is intended to be a starting place and used in a general way. Members are cautioned to always verify the integrity of the information by a professional.

ABOUT THE AMERICAN SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS – ASFMRA was founded in 1929 and is the premier association for property economic professionals who provide management, consultation and valuation services on agricultural and rural assets. Society members manage over 40% of the absentee-owned farmland in the United States, provide approximately 175,000 appraisals a year on 30 million acres of land and provide consulting services for over 5,500 clients who collectively represent over 7 million acres of rural real estate. They can be found on the internet at http://www.asfmra.org/.

ABOUT LANDSOFAMERICA.COM – LandsOfAmerica.com was founded in 2002 and is the largest rural land listing service in the Nation, advertising farms, ranches, timberland, mountain and waterfront properties, and boasting over two million visitors per month and nearly thirty billion dollars in rural properties for sale. They can be found on the Internet at http://www.landsofamerica.com.

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VALCE — Valuation of Conservation Easements

The valuation of conservation easements has come under increasing scrutiny in recent years. The Internal Revenue Service has an obvious concern over its impact on tax receipts and Congress has focused on perceived abuses in the tax treatment of gifts of conservation easements. In addition, many state agencies have raised similar concerns at a state level. Valuation of Conservation Easements is an intense, advanced level educational endeavor dealing with one of the most controversial and scrutinized topics in valuation. It designed for general certified appraisers who understand the methodology in the approaches to value, and is ready to embark on understanding the intricacies involved in an often misunderstood and difficult type of appraisal.

Dates: 09/15/2008 to 09/19/2008
Start Time: 8:30 AM    End Time: 4:00 PM

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Ag Pro Outlook – ASFMRA’s 79th Annual Convention

Join ASFMRA for the 79th Annual Meeting scheduled for November 12-14, 2008 in San Antonio, TX. The Program Planning Committee is hard at work creating a schedule packed full of education sessions you won’t want to miss.

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