Chad Dugger, Accredited Rural Appraiser

Qualifications of Chad Dugger, ARA

I have been associated with Chas. S. Middleton and Son since March 2004. Chas. S. Middleton and Son was established in 1920 in Lubbock, Texas. My practice consists of the valuation of farms, ranches, and commercial cattle feedyards and farm/ranch sales. The majority of my valuation assignments include appraisals for estate tax and estate planning purposes, bank loans, expert witness testimony, farm and ranch partitions, and estimating the diminution in market value due to wildfire damage on ranch properties. I graduated from Texas A&M University with a Bachelor of Science degree in Agriculture Economics in December 1998 and a Master of Land Economics and Real Estate degree in August 2000. I am an Accredited Member of the American Society of Farm Managers and Rural Appraisers (ASFMRA) holding the Accredited Rural Appraiser designation. I am also a State Certified General Real Estate Appraiser in Texas, New Mexico and Colorado. I hold Texas Real Estate Broker’s License. I have completed numerous appraisal assignments on agricultural property in Texas, New Mexico, Oklahoma, Colorado, and Kansas.

 

Appraisal Experience

Chas. S. Middleton & Son, Lubbock, TX – February 2004 – Present

Staff Appraiser, Lone Star Land Bank, ACA, Weatherford, TX – October 2001 – February 2004

Staff Appraiser, Dugger, Canaday, Grafe, Inc., San Antonio, TX – August 2000 – October 2001

 

Professional Associations/Licenses:

Accredited Rural Appraiser Designation, ASFMRA, Member Number 002694

Texas State Certified General Real Estate Appraiser, Certificate Number TX-1333092-G

New Mexico State Certified General Real Estate Appraiser, Certificate Number 02448-G

Colorado Certified General Real Estate Appraiser, Certificate Number 100019566

Texas Real Estate Broker’s License, Number 0567713

Board of Directors, TX Chapter of ASFMRA – 2013

Member Ethics Committee, TX Chapter of ASFMRA – 2012

Member National Education and Accreditation Committee, ASFMRA – 2015

Educational Experiences:

Master of Land Economics and Real Estate, Texas A&M University, August 2000.

Bachelor of Science, Agriculture Economics, Texas A&M University, December 1998.

Completed Real Estate and Appraisal Related Courses:

Real Property Valuation – Texas A&M University

Real Estate Finance – Texas A&M University

Land Economics – Texas A&M University

Land Development – Texas A&M University

Market Analysis for Development – Texas A&M University

Real Estate Development Analysis – Texas A&M University

Analysis of Real Estate Investment Decisions – Texas A&M University

Land, Oil, and Gas Law – Texas A&M University

Law and Legislation Related to Planning – Texas A&M University

Fundamentals of Rural Appraisal – American Society of Farm Managers & Rural Appraisers

Principals of Rural Appraisal – American Society of Farm Managers & Rural Appraisers

Advance Rural Appraisal – American Society of Farm Managers & Rural Appraisers

Cost Approach for General Appraisers – American Society of Farm Managers & Rural Appraisers

Highest and Best Use – American Society of Farm Managers & Rural Appraisers

Eminent Domain – American Society of Farm Managers & Rural Appraisers

Appraisal of Rural Residences – American Society of Farm Managers & Rural Appraisers

National USPAP Course – National Association of Master Appraisers

National USPAP Update Course – American Society of Farm Managers & Rural Appraisers

Valuation of Conservation Easements – American Society of Farm Managers & Rural Appraisers

Introduction to Appraisal Review – American Society of Farm Managers and Rural Appraisers

Advanced Rural Case Studies – American Society of Farm Managers and Rural Appraisers

Numerous other seminars

Representative Clients

Feedyards

Pride Feeders 1, Ltd. – 55,000 head feedyard, Texas County, Oklahoma

Coyote Lake Feedyard – 36,000 head feedyard, Bailey County, Texas

Cattleman’s Feedyard – 40,000 head feedyard, Lamb County, Texas

Crow Hollow Feedyard – 26,000 head feedyard, Donley County, Texas

Poky Feeders – 53,000 head feedyard, Scott County, Kansas

Texas Farms and Ranches

Smith Ranch Partnership – 200,000 acres, Potter, Oldham & Hartley Counties, Texas

Lyda Ranches 330,000 acres, Pecos, Brewster, Reeves & Baylor Counties, Texas

La Escalera Ranch – 187,000 acres, Pecos & Brewster Counties, Texas

Long X Ranch  100,000 acres, Jeff Davis & Culberson Counties, Texas

JA Ranch – Armstrong, Briscoe & Donley Counties, Texas

Boone Pickens’ Mesa Vista Ranch – Gray County, Texas

Cogdell Ranches – Armstrong & Briscoe Counties, Texas

Bridwell Ranches – Crosby, Oldham & Archer Counties, Texas

Spade Ranch – 60,000 acres, Mitchell & Sterling Counties, Texas

Rafter O Ranch – 56,000 acres, Oldham & Potter Counties, Texas

6666 Ranch – King County, Texas

Glass Ranches – Crosby, Dickens, Sterling & Glasscock Counties, Texas

Hahn Ranches – Childress, Dickens, Kent Counties Texas & Lea County, New Mexico

Spike Box Ranch – 87,000 acres, King & Knox Counties, Texas

Matthews Ranch – 43,000 acres, Donley & Gray Counties, Texas

Buckle L Ranch – 37,000 acres, Childress & Cottle Counties, Texas

L.R. French Ranch – 37,000 acres, Scurry County, Texas

Houghton Ranch – 21,000 acres, Hartley County, Texas

New Mexico, Colorado and Oklahoma Farms and Ranches:

Laheeta Harvey Estate – 

112,195 acres, Otero County, New Mexico

23,062 acres, DeBaca County, New Mexico

24,076 acres, Torrance County, New Mexico

4,877 acres, Torrance County, New Mexico

30,042 acres, Santa Fe and San Miguel Counties, New Mexico

Val Kilmer-Pecos River Ranch

5,300 acres, San Miguel County, New Mexico

Patrick Swayze Estate – 9,000 acres, San Miguel County, New Mexico

Cage Ranch – 34,320 acres, Lincoln & Cheyenne Counties, Colorado

Daube Ranch – 20,000 acres, Carter & Murray Counties, Oklahoma

James Pool Estate Ranches – Union County, New Mexico

Cross L Ranches

28,000 acres, Union County, New Mexico

33,000 acres, Las Animas County, Colorado

Daugherty Ranches – 22,000 acres, Union County, New Mexico

Mock Ranch – 26,000 acres, Las Animas County, Colorado

4V Ranch – 8,000 acres, San Miguel County, New Mexico

Spool Ranch – 58,000 acres, Union Co., New Mexico & Las Animas Co., Colorado

Kim Ranch – 8,400 acres, Las Animas County, Colorado

Rimrock Ranch – 70,000 acres, Guadalupe & Quay Counties, New Mexico

Christmas Ranches

8,400 acres, Colfax County, New Mexico

6,200 acres, Mora County, New Mexico

Wesley Labrier, Jr. Estate

11,400 acres, Las Animas County, Colorado

14,600 acres, Cimarron County, Oklahoma

7,500 acres, Baca County, Colorado & Cimarron Counties, Oklahoma

McNeil Ranch – 31,000 acres, Lea County, New Mexico & Gaines Counties, Texas

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