Farm Management

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For some clients, the asset management can extend beyond the traditional stock and bond portfolios.  At Thoreson Steffes Trust Company we also have the experience and expertise to serve as the farm manager for our clients with farm or agricultural assets.  An important part of picking the right asset manager, is having the peace of mind that your asset will be taken care of.  We believe you will have that feeling with our farm manager, an Accredited Farm Manager through the American Society of Farm Managers and Rural Appraisers.  We have over 19,000 acres of farm land under management in North Dakota, South Dakota, and Minnesota.

 

Services we provide inlcude:

            -A fair farm lease rental rate negotiated.

            -Farm rent collected along with bill paying.

            -Paperwork orchestrated at the USDA-Farm Service Agency.

            -On-site visits with the Landlord and/or Tenant, with timely annual farm inspections.

            -Estimated profit and loss budget analysis synopsis completed on the parcel. 

            -Proper crop rotations are being administered.

            -Soil fertility reports/soil conservation plans are reviewed.

            -Weed control is being implemented and monitored.

            -Drainage maintenance is adhered to.

            -Record-keeping, documentation, and general overview of the year provided to owner.

 

Perhaps you are wondering, 'Should I hire a professional farm manager?'  If so, please check out the attached article below or head on over to the American Society of Farm Managers & Rural Appraiser. 

 

Should I Hire a Professional Farm Manager

 

For more information or any question, please reach out to Charles Peterson, AFM.