The agricultural appraisal profession is experiencing rapid growth. There are more opportunities than ever for professional agricultural appraisers. And the agricultural appraisal field is not affected as greatly by economic cycles as are other agricultural based industries. Plus, agricultural appraisers have the satisfaction and freedom that goes with owning and operating their own business.
Efforts by the American Society of Agricultural Appraisers have created a greater awareness of the role of agricultural appraisers among their traditional business partners. ASAA members are recognized today as professionals who perform a vital service to their clients.
Surveys have indicated that the average compensation for experienced agricultural appraisers is comparable to those for architects and accountants among the various professions. This recognition has reduced resistance toward appraisers charging appropriate fees for their services.
When economic cycles force prices down, other agricultural professionals tend to suffer substantially more than do appraisers. When agricultural business is generally down, appraisals are still needed for banks, insurance companies, attorneys, estate settlements, partnerships, bankruptcies, divorces, tax purposes and government agencies.
One of the great satisfactions for an appraiser is to be so well-respected for his or her knowledge that, in addition to appraisal information, clients seek him or her out for advice.
While many appraisers prefer to establish a reputation based on their comprehensive knowledge in a specialized area, others consider the diversity available in the appraisal field to be an additional challenge the profession offers.
The American Society of Agricultural Appraisers acts as a support group for its membership. In addition to providing instructional materials, the staff stands ready to answer any questions from its members. A support group is essential when starting a career in agricultural appraising.
LOOKING TO THE FUTURE
The industry will offer even greater challenges to appraisers in the future as buyers and sellers become more sophisticated. Agricultural appraisers will become central figures in providing accurate information upon which people will make important business and investment decisions.
In 1998, the Appraisal Foundation in Washington, D.C., adopted the Personal Property Appraiser Minimum Qualification Criteria developed by the Appraisal Qualifications Board. Adoption of this criteria has increased the demand for qualified appraisers. Many organizations are implementing regulations that require the use of these criteria. The ASAA Courses will enable you to meet the Personal Property Appraiser Minimum Qualification Criteria so you will be ready.