Farm Management Services
Halderman Farm Management Services provides complete or partial management services to over 700 farms across 22 states. Consulting and financial services are provided to many other clients. All of our services are tailored to the individual landowner.
What is Farm Management?
Farm Management can be difficult to define because it encompasses so many different services that come together in many different ways to accomplish a landowners goals. Our clients include a variety of people such as farm owners, investors, tenants, bankers, lenders, attorneys and accountants. In fact, we can help anyone involved with a farm.
FAQs
How do I determine a fair rent?
The market determines the rent for any given farm. Therefore the best way to determine a fair rent is to do a competitive bid process on the lease terms you seek OR find out rents in the surrounding area and use them to compare to your farm and make your own analysis. Halderman Farm Management can execute both of these strategies on your behalf. This makes leasing your farm very simple. Turn over the management of your farm to us and we will make sure you maximize your current farm income opportunity and enhance the value of your farm over time.
How do I find a new tenant?
This process can be extensive if you are unfamiliar with the area around your farm. Start by driving the roads near your farm, learn the neighbors, see who is interested, talk to the county extension agent and local ag bankers for references. Work with the local ag vendors to see who are likely prospects. Go through a typical interview process and then once you’ve chosen some likely candidates begin negotiating. The alternative is to hire Halderman to do all of this for you! In many locations this work is already complete and known and therefore we are very efficient in this process and can deliver a few viable tenant prospects to you within a couple of weeks.
Why should I consider professional farm management?
As a farmland owner you own an asset of significant value. If you own just 200 acres that property could easily be worth more than $1 MM. What other investment of that size do you have that does not have a professional manager, watching it on a regular basis? Halderman Farm Management understands current lease terms and rates. We know the current technology available in agriculture. We make it our business to know the current USDA Farm Bill and how it can impact and benefit your farm. Our business is agriculture and specifically we know farmland ownership issues. We become your fiduciary and manage your farm like it is our own! We learn your goals and objectives and work to implement what you want to happen on your farm. The thousands of dollars you have in a mutual fund, or individual company is being managed by someone. Shouldn’t your farmland investment also be professionally managed?
If you're interested in having your farm managed or if you have any questions, contact us today!
What services to expect from your Farm Manager:
- Become familiar with the farm, farm owner, operator (where applicable) and the expectations for the farm operation and 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 the current operator and negotiate a lease agreement.
- Monitor participation in and compliance with applicable government programs.
- Develop a soil testing and monitoring program for the long term fertility improvement of the farm.
Each of our clients have different needs, desires and directions in mind for their farms. We listen to our clients and develop unique plans for each landowner.
Lease Negotiation
A popular service our farm managers provide is lease negotiation. Your farm manager will meet with you to learn about the size of your farm, your goals, objectives, risk tolerance and your long term plans for the farm. You will work together to determine viable lease options that will meet your goals and income needs. Your farm manager will work on a lease analysis that will show the income potential of each type of lease as well as the price and production risk and present various options to meet your goals. After the recommendation is made, you make the final decision. Once a decision is made we will execute the strategy, negotiate the lease and put it into place.
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