Staff & Associates
James R. Dunlap, ARA, AFM
Jim is a real estate professional that has been in the industry for the past 40 years in all phases of sales, auctions, management and appraisal work for clients primarily in the upper Midwest. He has a broad base of experience that started with an active farm operation of the family farm he grew up on in Moody County. This farm is now row crop production and continues in the family, managed by Jim. This practical, “hands on” experience has been augmented by many years of farm management for both owners and investors of agricultural property; graduation as an auctioneer from the Western College of Auctioneering which he has actively pursued; 40 years of real estate sales experience, and completion of the accreditation programs of the American Society of Farm Managers & Rural Appraisers, (ASFMRA), which has resulted in attaining both the Accredited Rural Appraiser and the Accredited Farm Manager designations. His accreditation signifies professionalism and integrity in the real estate profession from ASFMRA which is known as the “The Most Trusted Rural Property Professionals” in the industry.
Jim’s appraisal works specializes in complex agricultural properties, which among other things includes confinement livestock facilities; hunting lodge properties; livestock auction barns; wetland mitigation sites; wind generation sites, and food processing facilities. His most unusual property appraised involved an appraisal in Chile of about 65 acres, (100 hectors) of irrigated blueberry farms throughout the country of Chile, plus some commercial blueberry processing facilities for overseas shipment of berries that are located in mid and southern Chile. This project involved a number of factors affecting value, some of which are water rights, irrigation issues, drainage, leased fee interests and plant species which affect both productivity and shelf life during and after overseas transportation to their markets. All of these issues, as well as other typical appraisal issues had to be considered as to their impact on the value of the various plantings and location.
Jim holds a B.S. Degree in Business Administration, with additional degree work in accounting sufficient for him to pursue an accounting designation. However, his passion for real estate took him in another direction, which included completing the course work for a the MAI designation through the Appraisal Institute after being designated as an ARA with the ASFMRA. Although he did not complete the designation path, the course work broadened his understanding of commercial appraisal, which he has put to practical application on a full range of commercial property appraisal work that includes retail, office, industrial, senior housing, medical properties, and courtroom work as an expert witness.
Jim maintains an active farm management business as well as the appraisal business, with managed farms from Redfield east into western Minnesota. These are primarily row crop production management, which ranges from cash rent leases, to share crop contracts, but also includes two farms that are custom farmed for the owner. This farm management work has also included both the acquisition and disposition of farm properties for investors, or for heirs of former clients. Jim has been assisted in these and other management work for the past several years by Vince Hanson, a broker associate who also has an active farm operation in the Sioux Falls area with his son.
Jim is licensed in both South Dakota and Minnesota, as a Real Estate Broker and as a Certified General Appraiser, the highest level of appraisal licensing in the state.
Jim is an active member of the ASFMRA, and has served as President, Secretary and Treasurer of the South Dakota Chapter; served as a legislative lobbyist in South Dakota for the Chapter, and is currently on the board and some committees of the SD Chapter. He has served as the District VI Vice President of the National ASFMRA Council as well as serving on the national Appraisal Education Committee and the Editorial Committee of ASFMRA. Jim’s involvement in the industry also includes active membership in the Professional Appraisers of South Dakota, PAASD, working with their joint lobbyist representing the SD Chapter and PAASD on issues affecting South Dakota Appraisers, and he was on the SD Appraiser Certification Program Advisory Council from 2005 to 2012. Jim continues to be an active member of these professional organizations; sings with the South Dakota Symphony Chorus; the Sioux Emperian Barbershop Chorus and his local church choir and drives a team of Quarter Horses pulling vintage rigs as his hobbies.
Vince Hanson is the newest member of the Dunlap Appraisal & Agri-Mgmt Inc. Team, and offers unique, and practical perspective to the farm management division. Vince has been involved in the active management of a commercial grain and livestock farm for over thirty years, and has a strong background in livestock, grain and hay operations. Personal experience includes early implementation of no-till crop production on his farming operation and he continues to have a conservation friendly farming operation. Over the years, Mr. Hanson has also worked with Monsanto in the promotion of Roundup Ready Soybean technology at the time that technology was first introduced to the marketplace.
Vince is also a real estate developer. He has recently developed a rural residential subdivision known as Hanson Meadows, north of Crooks. Vince's experience in physical layout of the subdivision, getting rural services to the subdivision and work done with county planning and zoning office, surveyors and other services necessary to the implementation of such a project has been invaluable real estate experience. After platting the physical layout, Vince became personally involved in selling the sites, and has worked with many area realtors in this project.
Vince studied Agricultural Economics at South Dakota State University and is a licensed Real Estate Broker Associate of Dunlap Appraisal & Agri-Mgmt, Inc. In addition, Vince is a director on the board of the Minnehaha County Farm Mutual Insurance Company, and the Alliance Communication Cooperative. He currently serves as Vice-President of the Alliance board, and has held several other positions on the board of this telecommunications company that serves about 13,000 customers in South Dakota. He is also currently President of the South Dakota Association of Telephone Cooperatives in Pierre, SD, and has been in several other positions on this board as well.
Vince can assist you in managing your farm or ranch with an in-depth knowledge of government programs, farming practices and conservation programs that are key to profitability in todays agricultural market.