
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.