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Today, HFMS provides complete or partial management services to over 650 farms with a market value in excess of $550 million in 16 states and South America. Consulting and financial services are also provided to many other clients annually. All services are performed on an individual basis at the client's request.
) Farms Managed In The United States |
) Farms Managed In The United States by County |
) Farms Managed in South America |
Farm management services range from an occasional consultation to complete management of a farm operation. A client requesting complete management services could expect HFMS to do the following:
- Become familiar with the farm, the farm owner, the farm operator (where applicable) and their expectations for the farm operation.
- Perform a complete inspection of the farm
- Make recommendations regarding lease alternatives and discuss the income potential and benefit of each
- Locate the best qualified operator (if necessary) or meet with present operator and negotiate lease agreement
- Work with the operator to determine optimum crop rotations and tillage practices which meet the owner's needs are in compliance with government regulations, and are beneficial for the long-term value of the farm
- Market all commodities, including, but not limited to, grain and livestock
- Establish and negotiate end-user marketing arrangements and contracts in applicable markets
- Monitor participation in and compliance with applicable government programs
- Work with the tenant and chemical applicator to maintain required pesticide usage documents
- Recommend, and if approved, implement appropriate measures for land use restrictions
- Develop a soil testing and monitoring program for the long term fertility improvement of the farm
- Timber management and sales
- Manage and maintain homes, buildings and other improvements
- Improve and maintain property for future development interests (where applicable)
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) Photo courtesy of USDA/NRCS |
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) Photo courtesy of USDA/NRCS |
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Farm owners are kept up-to-date, are informed of decisions made and are asked for approval when necessary. The level of involvement is at the farm owner's discretion.
Financial Analysis and Consultation
HFMS has utilized computer technology and many years of experience in the farm management field to develop programs specifically designed to address the financial status of a farm. The modern day challenges of farm management are often best served by an experienced professional who can apply knowledge of previous successful situations to an existing situation.
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Consultation services can be provided for single enterprises or an entire farm operation. An analysis can include budgeting, cash flow analysis, inventory management, capital investment (expansion) review, alternative/what-if analysis - basically any part of a farm operation related to agronomic or financial questions.
Computerized Farm Records
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In 1976, HFMS integrated computers into the farm record system. The simplicity and thoroughness of this system has proved to be invaluable to farm owners. Monthly, quarterly and annual farm reports are completed quickly and efficiently in a format ready to be given to an accountant or to be posted on IRS tax forms.
HFMS moved to its third generation of farm management software in 1995. This new program provides greater information flexibility and analysis tools for all parts of the farm operation. Check printing and the ability to track units used of each product are just a few of the new additions. Our software package is one of the most current and powerful systems in the industry.