Collateral Valuation

Collateral Valuation Overview Collateral Valuation Standards and Guidelines Report Forms and Worksheets Ask a Question Seller Guide - Collateral Valuation Supplement

Collateral Valuation Overview Candid, credible, and reliable collateral valuation information is an essential part of Farmer Mac's decision to purchase (or commit to purchase) qualified loans directly from lenders approved as loan Sellers. Collateral valuation (appraisal and evaluation) reports are used to: Identify the "Value" in the Loan-to-Value ratio, Assess the security property's contribution to the borrower's financial strength and, in Full-Time Farm property valuations, the borrower’s debt service capacity, and Identify and understand the security property’s market characteristics and risk. Farmer Mac’s Collateral Valuation Standards and Guidelines are contained in its Collateral Valuation Supplement (CV Supplement) to the Farmer Mac Seller/Servicer Guide (Guide). The CV Supplement can be obtained as a download in the CV Downloads section below. Also, Sellers may access the CV Supplement by logging into the Seller section of the Farmer Mac website. If appraisers or others are unable to download the PDF version available in this section, a copy of the CV Supplement may be obtained from a Seller or by calling Melinda Davis  at Farmer Mac at 800-879-3276 ext. 606, or by emailing a request to Farmer Mac either through the "Ask a Question" option below or directly to melinda_davis@farmermac.com. Chapter CV101 contains general collateral valuation standards and guidelines and the standards and guidelines for Full-Time Farm and Specialized Agricultural Facility property appraisals and evaluations. Chapter CV201 addresses the collateral valuation standards and guidelines for Part-Time Farm property. Chapter CV301 addresses the collateral valuation-related standards and guidelines for Loan Servicing.

Collateral Valuation Standards and Guidelines General Collateral Valuation Questions and Answers Click here (CV101 Q&A) for answers to questions regarding General CV standards and guidelines (CV101.1, 2, & 3) Full-Time Farm and Specialized Production Agricultural Facility valuations (CV101.4, 5, & 6) CV Acceptance, Review, and Performance (CV101.7) CV Updates for routine actions (CV101.8) (See CV301 for collateral valuation services related to distressed loan performance situations) CV Examples, Illustrations, and Process Information (CV101.9)   Part-Time Farm Property Collateral Valuations (CV201) Farmer Mac’s standards and requirements for Part-Time Farm property collateral valuations are significantly different than those for Full-Time Farm and Specialized Production Agricultural Facility valuations. Click here (CV201 Q&A) for information on Part-Time Farm standards and requirements. File Download Section The Farmer Mac Collateral Valuation Report Forms and Worksheets are available below in PDF format. (click here to contact the Adobe home page if you need the free version of the   Adobe Acrobat Reader for viewing PDF format. Please contact Farmer Mac's marketing department at (1-800-879-3267) to request a copy of these forms in an additional format.

Collateral Valuation Report Forms and Worksheets Full-Time Farm Program Forms Number Description Revised Date 1 Comment and Guidance on Collateral Valuation Report Forms 6/29/2007 2 Sample Fee Appraiser Engagement Letter (Farmer Mac Form 1023A) 12/6/2006 5 Summary of Appraisal Assignment Requirements (Farmer Mac Form 1027A) 12/6/2006 8 Assumptions and Limiting Conditions Example (Farmer Mac Form 1037) 6/6/2006 9 Environmental Disclosure (Farmer Mac Form 1010A) 10/1/2005 10 Irrigation and Drainage Supplement (Farmer Mac Form 1013A) 10/1/2005 11 Permanent Planting Data Summary Example (Farmer Mac Form 1034) 6/1/2004 12 Income Approach Example (Farmer Mac Form 1035) 6/1/2004 13 Market Sale Data Summary Example (Farmer Mac Form 1036) 6/1/2004 Part-Time Farm Program Forms Number Description Revised Date 1 Environmental Disclosure (Farmer Mac Form 1010B) 12/1/2005 2 Irrigation and Drainage Supplement (Farmer Mac Form 1013B) 12/1/2005 3 Excess Improvements Addendum 1015 12/1/2005 4 Excess Land Addendum 1016 12/1/2005 5 Sample Fee Appraiser Engagement Letter 1023B 6/6/2006 7 Property Value Allocation 1033 12/1/2005

Collateral Valuation Questions and Answers Please click on the “Ask a Question” tab below if the foregoing material did not provide the collateral valuation-related information you were seeking. Ask a Question

Seller Guide - Collateral Valuation Supplement Description Revised Date Table of Contents 06/01/2006 Ch CV 101 Full-Time Farm Loans Collateral Valuation Standards and Guidelines 11/16/2007 Ch CV 201 Part-Time Farm Loans - Appraisal Documentation 6/29/2007 Ch CV 301 Collateral Valuation - Loan Servicing 06/01/2006