Chad Dugger, ARA has been associated with Chas. S. Middleton and Son, LLC since 2004. His practice is diverse, consisting of both the brokerage and appraisal of farm and ranch property.
Chad graduated Cum Laude from Texas A&M University in 1998 with a Bachelor’s Degree in Agricultural Economics. He then obtained a Master’s Degree in Land Economics and Real Estate from the Mays School of Business at Texas A&M University in December 2000. After graduation, he went to work for the appraisal firm of Dugger, Canaday, Grafe, Inc., in San Antonio, as a staff appraiser. During his tenure at DCG, Chad gained experience in all facets of real estate appraisal, including the valuation of South Texas and Hill Country ranch property and commercial real estate, such as shopping centers, office complexes and multi-family residential property.
In October 2001, Chad became a staff appraiser for Lone Star Land Bank, in Weatherford, Texas, with a territory that ranged from Abilene to Texarkana. During this time, Chad worked in collateral valuation and risk management, gaining experience in the valuation of properties that included farmland, timber, cutting horse operations and rural residential subdivisions.
Since February 2004, Chad has been active in the appraisal and brokerage of farm and ranch property with Chas. S. Middleton and Son, LLC. Since joining CSM and Son, Chad has obtained his Accredited Rural Appraiser (ARA) designation from the American Society of Farm Managers and Rural Appraisers, as well as his Texas Real Estate Broker’s License and New Mexico Real Estate Associate Broker’s License. Chad also holds General Appraisal Licenses in Texas and New Mexico, with several successful applications for temporary practice permits in Colorado, Oklahoma and Kansas.
Chad’s appraisal practice focuses on valuations for estate and gift tax purposes, undivided interest valuations, 2032A Special Use valuations, expert witness testimony and litigation support, trust management, partitions, as well as collateral valuation. Typical assignments include the valuation of irrigated and dryland farms, working cattle and recreational ranches, and commercial cattle feedyards. Specialty properties include ranches in excess of 100,000 acres, leased fee valuations on producing wind energy projects, water rights, conservation easements, rural airports and property damages, such as wildfire and salt water damage. Chad’s trade area includes most all of Texas, Eastern New Mexico, Southeast Colorado, Western Oklahoma and Southwest Kansas. Representative clients include some of the nation’s largest landowners, tax and trial attorneys, CPAs, trust departments, insurance companies, banks and others.
Chad has served on the board of the Texas ASFMRA Chapter, including the Ethics Committee. Chad has also served on the National ASFMRA Education and Accreditation Committee, which is responsible for authoring appraisal course curriculum and the vetting of ARA candidates. Chad prides himself on delivering a quality work product backed by sound methodologies and market-based reasoning and opinions.
Since 2007, Chad has been active in the brokerage of farm and ranch property as both the listing broker and buyer’s broker. His diverse appraisal practice is a great asset to the brokerage side of the business, keeping Chad up to date on sale transactions and general market conditions throughout Texas and Eastern New Mexico. Chad has handled many multi-million-dollar transactions, including the buyer representation of the 34,000-acre Tippie Ranch in Limestone County, which at the time was one of the largest land transactions in Texas history. Other recent successful brokerage transactions include:
Russellville Division of the Matador Ranch: 27,288 acres in Motley County listed at $23,877,000
Seymour Ranch: 34,375 acres in Baylor County listed at $40,391,670
Dean Ranch: 36,000 acres in Cochran County listed at $20,700,000
Nunley Ranch: 41,000 acres in Cochran County listed at $22,000,000
Los Companeros Ranch: 14,524 acres in Stonewall County listed at $16,339,398
Spring Creek Ranch: 9,754 acres in Hutchinson County listed at $14,750,000
Warren Creek Ranch: 940 acres in Comanche County listed at 5,405,000
Brown Logan Ranch: 1,867.28 acres in Palo Pinto County listed at $12,604,140
Rancho Mejor Que Nada: 2,562 acres in Borden County listed at $4,150,000
Rustlers Creek Ranch: 3,210 acres in Hall County listed at $3,531,000
Darrouzett Ranch: 3,751 acres in Lipscomb County listed at $4,285,200
Buck Hollow Creek Ranch: 2,426 acres in Dickens County listed at $3,821,737
Chad and his wife Kaci reside in Shallowater, Texas.