The Appraisal Foundation has partnered with the Farm Credit System to create a Rural Appraisal Practicum Model, a new framework designed to address the challenges facing aspiring rural appraisers.
According to the organizations, the initiative will create a structured, hands-on model tailored to rural and agricultural property appraisals, providing an example that can be used to set up a practicum course that meets the required experience needs of aspiring appraisers.
“We are thrilled that the Farm Credit System is working with us to take big, bold steps that will have such a meaningful impact on the appraisal profession,” said The Appraisal Foundation President Kelly Davids. “The Appraisal Foundation has a big vision for 2025 and beyond to enact projects that advance appraisers into the future. But we cannot do it alone. We are so appreciative of the Farm Credit System’s shared commitment to these goals, and I am delighted that they are putting that commitment into action through this joint venture.”
The Farm Credit System released the following statement: “We in the Farm Credit System are extremely excited about the collaboration with The Appraisal Foundation. The Farm Credit System is deeply committed to supporting rural America and agriculture. There is a critical need for rural appraisers, especially in these rural areas where gaining experience can often be difficult or nearly impossible. This collaboration and partnership will play a vital role in addressing that gap. Subject matter experts (SMEs) from across the country have joined forces with members of the Appraiser Qualifications Board (AQB) to help structure this practicum model. This year-long initiative aims to produce a comprehensive framework that individuals or organizations can use to formally establish a rural-based appraisal practicum.”
