1608 Broadmoor • Champaign, IL 61821
P: 217-202-0924

Jon Fisher - Licensed Indiana Broker
Halderman Real Estate Services, Inc.
IN Broker License #18000549
IN Auction License #19500036

Jon Fisher - Licensed Illinois Broker Coldwell Banker the Real Estate Group
IL Broker License #475.178311
IL Auction License #441.000156

FARM MANAGEMENT

Larry-A.J

Farm Management services range from an occasional consultation to complete management of the farm operation.

You can expect a farm manager to:

  • 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

This is just the beginning of what Halderman can do for you!  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.

Frequently Asked Questions

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.  My team at 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, as well as 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 & 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 my Halderman team to do all of this for you! In many locations this work is already complete and known.  Therefore we are very efficient in this process and can deliver a few viable & qualified tenant prospects to you within a couple of weeks.

Should I sell my farm or not?

This is a question only you can answer. A real estate farmland professional, such as Jon Fisher and his Halderman associates, can help you to determine what you might expect in terms of sale price, and can describe the current marketplace versus the historical trends. We can also help you think about tax scenarios, family estate planning issues, and put you in contact with attorneys or accountants. Once you have this information you can make a more informed decision on the timing of a sale.

What is a fair price?

Prior to selling, Jon Fisher and his Halderman associates can assist you in determining a sale price range, and even complete an appraisal if necessary. Using this information we will assist you in determining an asking price in a private sale scenario, and a release price for an auction sale. Of course the fair price is determined ultimately by the market where a willing seller and a willing buyer agree on a price and terms. This can be achieved via a well marketed auction where there are a number of bidders in attendance and active bidding. It can also be achieved via private sale marketing and subsequent negotiations.

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 between $1 MM- $2MM depending upon your location and soil quality. What other investment of that size do you have that does not have a professional manager, watching it on a regular basis? Jon Fisher and his Halderman Farm Management associates understand 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?

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Specializing in farmland
and rural properties!

OUR OFFICE

  • 1608 Broadmoor
    Champaign, IL 61821
  • 217-202-0924
  • jonfisher1991@gmail.com

DISCLAIMER

Mr. Landman makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, completeness or use of any information that is available on or through this website.