Believe it or not, there are people who own farmland who either do not know how to or do not have the time to farm the land themselves. This is where companies who provide Farm Management Services come into play. What do these companies offer exactly? Here are just a few of the very beneficial services of which a farm owner can take advantage.
This is great for the owner who simply does not have time or the “handyman” know-how to upkeep the farm property. The Management Services company will have people in place who know how to maintain the property as well as take care of anything that needs repair. Along with this, they will also perform regular inspections to ensure the farm is operating within all laws and guidelines.
Flexible Leasing Options
When Farm management services are utilized by the “hands-off” farm owner, there are multiple leasing options that can be utilized. Some of the more popular options are:
- Cash rental- This is where the management company does all of the farming and earns its profits from the crops sold. The management company pays the farmer owner a fixed amount per year in return for this right.
- 50/50 share- This is exactly what it sounds like. The management company and the property owner share the profits as well as the expenses.
If you are a farm owner and are interested in the benefits of an experienced company running it for you, contact SourceTrace Systems. They can go over all available options you may have.