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Farm Appraisals
Farm appraisals demand a nuanced understanding of both the land itself and the broader agricultural industry. Because of this, farm appraisal require a distinctly different approach to valuation than other types residential and commercial properties. Appraisers must consider elements such as soil quality and productivity, water rights, market demand for specific crops or livestock, the value of any improvements (such residences and outbuildings) and so much more. So who understands the value of Iowa farms better than an Iowa farmer?  Douglas (Doug) Kelting is a Certified Residential Appraiser with more than 20 years of experience. Doug has been our resident farm and small-town expert since he began his appraisal career with Koestner & Associates in 2003. Doug grew up in Wheatland and has been farming his whole life. He currently farms 330 acres of crops and livestock. Prior to becoming an appraiser, Doug was looking for ways to diversify his income. But he also wanted to do something related to what he knows best: farming. He had gotten appraisals on his farms before and after talking to his banker about it, decided to jump in. To date, Doug has completed more than 1,600 appraisal reports and more than 1,200 hours of appraisal-specific education. From both his personal and professional experiences, Doug has gained a deep understanding of the important role reliable valuations play in business and estate planning. A large percentage of the farm appraisals he completes are focused on asset division. For example, one partner would like to sell another partner their portion of a farm or with an estate where siblings must split the land or proceeds after a parent or other family member passes away. When he's not appraising, you can find Doug working on his farm. And if he's not working home on the farm, he's driving a school bus, which is another endeavor he's been committed to for decades. He also has been serving as an elected official for the Township Trustee Board for Spring Rock Township since 1994. If he does happen to find some "down time" he easily fills it by spending time with his wife, Nancy, three children and three grandchildren. He also enjoys vacationing and joyriding his four-wheelers and side-by-sides. Doug is licensed in Iowa. View Doug's Resume.
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