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Appraisals
When you need a valuation of farm real estate, it makes sense to turn
to the agricultural appraisal specialists at Farm Credit Services for
professional, reliable, high quality appraisals at a reasonable cost.
The Value Authority
Farm Credit Services is the leading farm real estate value authority
in the market, backed by more than 85 years of experience. As Illinois' and the
nation's single largest source of farm real estate financing, no one
has completed more farm real estate appraisals than Farm Credit
Services.
Comprehensive Sales Database
Farm Credit Services maintains the area's largest, most current and
most comprehensive farm real estate sales database so our appraisers
have unique access to information on the latest trends in farm real
estate values, helping to provide you with the most up-to-date market
values for agricultural, agribusiness and rural residential
properties.
When You May Need An Appraisal
Turn to us for farm real estate appraisals to assist you in making
sound financial decisions for:
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Financial planning, including estates and trusts
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Basis for taxation
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Buying or selling farm real estate
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Financing farm real estate
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Just compensation in condemnation proceedings
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Feasibility studies
Chattel Appraisals
Our appraisers also can provide appraisals on farm equipment.
Quality Appraisals
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Appraisals comply with Uniform Standards of Professional
Appraisal Practice (USPSP), the most widely recognized set of
standards in the real estate industry.
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A standard report format, the Uniform Agricultural Appraisal
Report (UAAR), helps assure uniformity and proper documentation
in "full-form" reports.
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Appraisals are completed under the supervision of an American
Society of Farm Managers and Rural Appraisers (ASFMRA)
designated Accredited Rural Appraiser (ARA).
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Appraiser project teams can be assembled for large/complex
appraisals.
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To assure delivery of a complete and professional appraisal,
Farm Credit Services appraisers consider a Cost Approach, an
Income Approach and a Sales Comparison Approach. In combination,
the three valuation techniques assure that our appraiser is able
to provide a fully documented, professional appraisal that meets
the highest standards of the industry. All three approaches are
used when applicable.
Professional Standards
Farm Credit Services appraisers adhere to the highest industry and
professional standards.
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All are State Certified General Real Property Appraisers. They
are full-time specialists who exclusively appraise farm and
rural real estate.
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To assure quality and consistency, Farm Credit Services has
established a set of strict standards and procedures for
appraisals which are periodically inspected to assure
compliance.
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Appraisers comply with the Standards of Ethics of the American
Society of Farm Managers and Rural Appraisers.
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Ongoing training keeps Farm Credit Services appraisers current
with the most up-to-date procedures and practices.
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