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Farm Management

BUSINESS SOLUTIONS - FARM MANAGEMENT

First State Bank manages farms on a cash rental basis and on a crop-livestock, 50/50 share lease.  
Sole owners, as well as trust accounts, such as conservatorships and receiverships are represented.  
 
The farm management department will: 
    • Supervise all details involved in the operation of a farm: including negotiating the lease,  
      purchasing supplies, marketing crops and livestock and overseeing land improvements and building repairs  
    • Visit farm(s) to observe crop progress, livestock and address any problems 
    • Report on all farm developments to owners on a timely basis 
    • Provide accurate, up-to-date records on all activities, including trial balances and income statements 
    • Provide invoices with written explanations. 
    • Maintain cash reserves in an interest-bearing account 
    • Work with the owners’ tax accountant to realize every tax advantage  
    • Consider all methods of marketing and utilize government programs 
 
Stop in for a free consultation today. 
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