ME178 Factors and Trends to Consider When Determining Machinery Value

Registration Closed

Wednesday, May 18, 2022

1:00 p.m. - 3:00 p.m. Eastern

Description

The main topics we discussed are data collection (how to collect data on ag equipment, what data is important, how to conduct an appropriate visual inspection, etc.); research and analysis (how to conduct research, discussion of types of data sources, how to adjust from auction data to FMV/OLV/FLV, etc.); and economic situation and outlook (effect of primary factors like HP or location on values, what's going on overall in the ag equipment space, any effect of commodities on overall values, etc.) Chelsey would be presenting on the data collection and research/analysis portion, with Andy using TractorZoom's extensive data to provide effective and current information on the economics area. All major categories of agriculture equipment can be covered, prioritizing the highest value categories.

Course Audience

Any chattel evaluator who may have to appraise farm equipment

General Webinar Information

Important login information will be e-mailed to registrants prior to the webinar. In addition, this presentation will not be recorded or made available post-webinar for purchase via the ASA Marketplace

System Requirements

To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.

Continuing Education (CE) Information

This webinar will award 2.0 CE hours.

If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.

Chelsey Janzen

Senior Chattel Evaluator - Compeer Financial

Compeer Financial

Chelsey is a Senior Chattel Evaluator with Compeer Financial. She has been with the Farm Credit System as a Chattel Appraiser since 2012. She earned her bachelor’s degree in Finance at Minnesota State University – Mankato.
She is an Accredited Senior Appraiser (ASA) with her designation from the American Society of Appraisers.

She works in a variety of industries including dairy, swine, grain, timber, logging and greenhouse operations. She mainly serves Compeer clients located in Minnesota but has completed appraisal work in surrounding states as well as: North / South Dakota, Iowa, Michigan, Utah, Colorado and Ohio.

Born and raised on dairy farm; she enjoys being outdoors and any type of work. Chelsey and her husband, Pat, live in North Mankato, MN with their three children.

Andy Campbell

Marketing Director - Iron Comps

Iron Comps

Andy Campbell is the Marketing Director for Iron Comps’.

Working for Fortune 500 companies, mid-sized businesses, and early-stage start-ups has refined Andy's skill of analyzing data to create insights to build process-orientated and profitable businesses. Growing up and continuing to be involved in the operation of his family farm in northern Iowa, Andy combines that agricultural understanding with his work experiences and degrees in Engineering and an MBA from the University of Iowa to make the rich quality Tractor Zoom data actionable for Iron Comps’ clients.

Andy and his wife, Tracey, live outside of Pella, IA with their three children.

Upon completion of this webinar, attendees will be able to:
Identify major criteria that determines the value of farm machinery
Maximize your time and efficiency when appraising farm equipment
Interpret industry data and trends for awareness on depreciation values
Assess the accurate value of major categories of farm equipment
Leverage different sources of data when assessing values