Roundaway Plantation is leased to a very experienced farmer, known as a tenant. The tenant owns all the necessary farm equipment needed to operate the plantation. It is the responsibility of the tenant to finance the crop expenses and the harvesting costs. The customary rent for leasing quality land such as this is 28% of all products produced on the plantation, payable to the landowner
The landowner's only obligation is the upkeep of certain improvements, which is detailed in the Farm Lease Contract.
Fischer Associates Farm Management, Inc. has been managing agricultural land for over 30 years. We pride ourselves in ensuring the landowner receives the best possible long-term return. The main management duties include:
The selection and employment of the tenant
The negotiation and the closing of the farm lease contract
Presentation of the yearly crop plans with budgets and detailed income and expense projections
Organization and supervision of additional investments in land, installations, and buildings if needed and approved by landowner
Supervision of the proposed crop plans and the progress of the crop harvest
Marketing the landowner's share of the crops
Maintaining the records for the farming operation, including the preparation of the data used by the CPA for the yearly tax return
Representation of the landowner at the United States Department of Agriculture for participation in various farm programs
Furnishing reports to the landowner, including financial statements, crop progress, harvest results, etc.
Make arrangements with tenant to maintain the fertility of the Plantation according to soil tests, at the expense of 72% by Tenant, 28% by Landowner
For these services, Fischer Associates Farm Management, Inc. charges 6% of the landowner's yearly crop revenue, including other revenues such as house rental and hunting leases. |