The Machinery and Technical Specialties discipline
includes appraisals of general machinery and equipment or other
specialties as described below.
Agricultural Chattels - Specializing in
crops, livestock, agricultural vehicles, farm and ranch machinery
and equipment, and other non-real estate assets, these are concerned
with both fair market value and various definitions of liquidation
value for collateralization, estates, property sales and futures
markets. They must also be familiar with real property appraisal
when dealing with crops that are real estate until harvested
but then become personalty.
Machinery and Equipment (M&E) - Appraisers
in this specialty are professionally qualified to evaluate machine
shops, transportation equipment, food process facilities, office
machines, such as computers, copiers and word processors, and
so forth. Appraisals for insurance purposes require valuing
the entire contents of buildings; the M&E appraiser also
allocates purchase price, fair market value in place, fair market
value in use and valuation for ad valorem tax purposes. Additionally,
equipment analysis for future and residual values is fast becoming
on the the more common assignments for today's M&E appraiser.
Dale Hibler ASA