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1. A
face to face visit to personally assist you, the landowner
or trustee, in defining long-range and current property business
objectives.
2. We will develop a property plan to achieve these
established goals through:
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An
inventory of resources to include: soil types, fertility,
yield history, drainage, improvements (buildings, equipment
and conditions contributing value);
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Cropping & Livestock System recommendations to be based on
resources, and adaptability with projected costs and income;
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Property Operations Plan to consider all methods of operation
and leasing to achieve and maximize owner objectives. Leasing
options include; cash rent, crop share, livestock share,
bushel lease, custom property and direct operation.
3.
Careful selection of a highly qualified property operator
dedicated to long-term property service.
4. Review and maintain compliance of Federal and State
regulations affecting the subject propertyland. In addition, all
government property programs are reviewed and implemented if
beneficial to the owner under the current property operations plan.
5. Periodic property visits are made by the property manager to
represent the owner in carrying out property operating plans. More
frequent visits are made during critical seasons--planting,
growing, and harvesting.
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6. Accurate
computerized record keeping is maintained on each individual
property. These records are available to the owner at any time.
7. A year-end financial report is provided to the owner, which
can be used for tax purposes, as well as analyzing profit and loss
for the year.
8. A projected cash flow or operating budget is also prepared
annually for the owner's approval.
9. Separate bank accounts--usually a checking and an interest
bearing account--are established for each property. The property owner may
select the financial institution of his/her choice. All property income
and property expenses are handled through these accounts. Excess funds on
deposits (beyond operating needs) are placed in higher yielding
accounts when possible.
10. Detailed property progress reports are made to the owner.
These include: general property conditions, production information,
inventories, marketing information, and financial information sent to
the owner periodically. More frequent simplified property visit reports
can be provided if desired. These reports will be submitted in
addition to the budget and cash flow statements mentioned earlier.
11. A Management Agreement between Martin, Goodrich & Waddell,
Inc. and the property owner is prepared initially and reviewed annually.
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