CREDENTIALS: Chad Dugger - Chas. S. Middleton and Son

I have been associated with Chas. S. Middleton and Son since February 2004. Chas. S. Middleton and Son was established in 1920 in Lubbock, Texas. My business consists of the appraisal of farms, ranches, cattle feedyards, and commercial dairies. The majority of my assignments include appraisals for estate tax and planning purposes, bank loans, expert witness testimony, and ranch partitions. 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 Rural Appraiser Candidate through the American Society of Farm Managers and Rural Appraisers, and I am a State Certified General Real Estate Appraiser in Texas (Certificate Number TX-1333092-G) and New Mexico (Certificate Number 02448-G). I have completed appraisal assignments in Texas, New Mexico, Oklahoma, Colorado, and Kansas.

Master of Land Economics and Real Estate, Texas A&M University, August 2000. Bachelor of Science, Agriculture Economics, Texas A&M University, December 1998.

Real Estate Appraisal – Texas Tech University
Farm and Ranch Appraisal – Texas Tech University
Uniform Standards of Professional Appraisal Practice – Hardin-Simmons University
Principal and Practices of Soils – Texas Tech University
Farm and Ranch Management – Texas Tech University
Principles of Range Management – Texas Tech University
Real Estate Fundamentals – Texas Tech University
Real Estate Finance/Investment – Texas Tech University
Law of Agency – Real Estate Training Institute
I have appraised numerous farms and ranches in Texas with representative clients being:

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 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

PROFESSIONAL ASSOCIATIONS/LICENSES

Texas State Certified General Real Estate Appraiser, Certificate Number TX-1333092-G New Mexico State Certified General Real Estate Appraiser, Certificate Number 02448-G Accredited Rural Appraiser Candidate, American Society of Farm Managers and Rural Appraisers

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