Matt Pennebaker, ARA has been in the Agricultural real estate and machinery appraisal business in California since 1995. He is currently the President and CEO of Advanced AG Realty & Appraisal. Mr. Pennebaker specializes in the appraisal and brokerage of Agricultural real estate properties throughout California. Mr. Pennebaker currently holds the designation of Accredited Rural Appraiser (ARA), the highest rank and only title conferred on rural appraisers by the ASFMRA. He also holds a California Bureau of Real Estate Broker license (#01987838) and Certified General Real Estate Appraisal license (#AG030405) with the State of California.


  • Real Estate Broker – Licensed with the California Bureau of Real Estate
  • Accredited Rural Appraiser (ARA)–American Society of Farm Managers and Rural Appraisers
  • Certified Auctioneer with Honorary Title of Colonel – Missouri Auction School
  • Bachelor of Science Degree – California State University, Fresno – Agricultural Business

Professional Education:

  • American Society of Appraisers (ASA)

ME204 – Machinery and Equipment Valuation – Advanced Topics and Report Writing
ME203 – Machinery and Equipment Valuation – Advanced Topics and Case Studies
ME202 – Machinery and Equipment Valuation Methodology
ME201 – Introduction to Machinery and Equipment Valuation
SE 100 – Uniform Standards of Appraisal Practice (USPAP)
RP203 – Advanced Income Capitalization
ALL215 – Appraisal Report Writing

  • American Society of Farm Managers and Rural Appraisers (ASFMRA)

 A-10 – Fundamentals of Rural Appraisal
A-12 – Code of Ethics
A-20 – Principles of Rural Appraisal
A-25 – Eminent Domain
A-27 – Income Capitalization
A-29 – Highest and Best Use
A-300 – Advanced Rural Appraisal
Lease Valuation
Conservation Easement Seminar
Dry on the Vine Technology (DOV) Seminar
Tax Deferred 1031 Exchange Course

  • Appraisal Institute (AI)

    I 120 – Appraisal Procedures
    I 550 – Advanced Applications
    Uniform Appraisal Standards for Federal Land Acquisitions
    Appraisal Consulting Course
    The Appraiser as an Expert Witness Course


Professional History:

  • Broker/Appraiser -President and CEO, Advanced AG Realty & Appraisal – October 2015 to Present
  • Senior Appraiser -Fresno Madera Farm Credit/Premier Ag Appraisal – March 2002 to 2015
  • Co-Regional Chair -Trends in Agricultural Land & Lease Values –ASFMRA- 2008 to 2012
  • Appraiser -Self Employed – Associate of Corriea-Xavier Inc. – Sept. 1995 to March 2002
  • Farm Operations -D.W. Ketscher Trust –Pesticide Applicator -Equipment Operator –Class A Truck Driver- Stocker/Cattle Operations – 1989 to 1996


Professional Affiliations:

  • ASFMRA – American Society of Farm Managers and Rural AppraisersMember
  • Fresno MLS – Multiple Listing Service – Member
  • Ag Lenders Society – Member
  • FAR – Fresno Association of Realtors – Broker, Member
  • CAR – California Association of Realtors – Broker, Member
  • Fresno County Farm Bureau – Member


Community Outreach/Charitable Support:

  • Sweet Nectar Society – Proud Donor & Volunteer
  • St. Jude Children’s Hospital – Proud Donor
  • PINC – Philanthropy Inspired by the Needs of the Community – Proud Donor
  • American Cancer Society – Proud Donor