Farm Management

Upper Midwest Management specializes in farm management consulting to help your farming business achieve its goals. Our team of real estate and property management professionals provides services from land value appraisals to farm management to buying and selling real estate. We have offices throughout the state of Minnesota in New Ulm, Olivia, Faribault and New Hope.


Consulting

Do you know the profitability of your farming operation? Many operators are too consumed with the daily operations of their farm to spend time on the overall picture. This is where the experts at Upper Midwest Management Corporation can help. Since 1974, UMMC has been consulting farm operators on their income and expense items to evaluate the profit and loss of their individual operations.

Upper Midwest Management Corporation's thorough evaluations take the following into account:

  • Debt Service
  • Land Rents
  • Taxes
  • Insurance
  • Chemical Expense
  • Fertilizer Expense
  • Fuel Expense
  • Seed Expense

Are you looking to pass down or transfer assets to the next generation of your family? Our experts can guide you through this complicated decision-making process while keeping your operation running smoothly. As your businesses’ interests and goals evolve, UMMC also helps transition ownership structures to reflect your business partnership’s changing needs.

If your family farm is currently held in a trust, is it being managed correctly to maximize profitability? While attorneys and trust officers are an integral part of your team, the professionals at UMMC have the expertise to manage your farming asset to its highest potential. If any of these tough questions are facing you or your family, please call us at (507) 359-2004 for a free one-hour consultation.


Management

The team at UMMC uses their personal farming backgrounds to augment years of professional farm management experience to help you achieve your goals. We handle the daily operations while keeping your objectives in mind. We thoroughly analyze your needs based on risk/reward expectations.

Examples of management options include:

  • Custom Farming – highest risk/reward
  • Crop Sharing – mid level risk/reward
  • Cash Rents – lowest risk/reward

In addition, we focus on being environmentally sensitive for the long-term preservation of your farm. We monitor tillage practices and utilize conservation methods when necessary, and establish and maintain contours and waterways. We also work with forestland establishment, enhancement and harvest in conjunction with promoting wildlife habitat development.

We develop a comprehensive farm plan each year including:

  • Operating and capital expense projections
  • Chemical selection based on weed spectrum and costs per acre
  • Crop diversification including corn, soybeans, small grains, canning crops, sugar beets, alfalfa, and value-added crops such as high oil corn, high oleic soybeans, and seed production
  • Close working relationship with operators that carries them successfully from planting to harvest

Our farm managers work closely with local FSA offices and can assist you with the paperwork and help give you a clearer understanding of today’s complex farm programs, including:

  • AMTA Payments
  • LDP/Commodity Loans
  • Disaster Payments
  • Conservation Reserve Program (CRP)
  • CREP/Buffer Strips
  • Wildlife Easements
  • Wetland Reserve
  • Other Conservation Programs

Moreover, our staff uses a fully computerized financial record keeping system. Actual income and expenses can be compared to budgeted amounts during any period. An easy-to-read cash flow spreadsheet simplifies the financial picture of your farming operation. We provide individual bank accounts and quarterly financial reporting in addition to:

  • Lease negotiation and preparation
  • Operator selection and education
  • Enterprise management including production costs per acre
  • Farm visits and field inspections
  • Insurance services
  • Marketing
  • Capital Improvement Project Implementation
  • Forestry Experience

Whether you are a private landowner, estate representative or farmland investor, give us a call to see how one of our farm managers can assist you with your agricultural needs.