Leasing and Custom Farming:
Leasing can be tailored to fit various situations.  Basic leases are 50-50 crop share, custom farming, 75-25 crop share, and cash rent.
CASH RENT - leasing has become more popular recently as farming has grown more complicated and farm operators push to expand their acreage base.  Most cash rent leases call for two payments per year.  The only expenses paid by the owner are real estate taxes, land improvements, and repairs.  Setting the rent and finding a financially capable tenant who employs conscientious land stewardship techniques are major concerns when cash renting a farm.
50-50 CROP-SHARE - is a long-standing lease method where both the tenant and landowner share income and expense 50-50.  This type of lease is declining in popularity because of relatively low income potential or is being modified to meet current economic considerations.
The Custom Share - lease provides returns similar to custom farming. The owner pays 100% of the crop expenses and receives 75-80% of the crop depending on the yield potential of the farm and operator interest in this type of lease . The operator receives 20-30% of the crop for his equipment and labor.  This is a relatively new lease and is an attractive leasing alternative for our clients.
Many of Stalcup’s clients have switched to operating their land on a Custom Farming - basis, which provides maximum control. The landowner pays all input and crop production machinery costs and receives 100% of the crop. Custom farming requires intensive on-site management and thorough knowledge of farming practices which a professional farm manager can provide. Custom farming usually provides the best return to landowners for their investment in farm management.
Lease Analysis - Our services include consulting on management problems. We have completed various assignments in the consulting field, however most involve review and recommendation of an operating plan for an individual farm. These may vary from lease analysis to a complete farm management plan for crop or livestock operations.  A complete farm management plan includes a crop production plan, income and expense budgets, marketing plan, cash flow, and enterprise analysis.  These are detailed reports covering the entire operation including utilization of existing buildings and/or recommendations for the addition of new buildings to make an efficient economical operation.

Budgeting
Budget summary and cash flow - is prepared on each farm early in the production year.  This allows the manager to analyze profitability of the planned operation and project cash flow.  By analyzing the cash flow, we can tell our clients when to expect profit distributions or when additional capital will be needed to finance the farm operation or planned improvements.

Accounting and Reporting

A farm account is established in a bank as directed by the client or we can arrange for a farm account at a Storm Lake bank.  Quarterly operating statements and inventory reports document all income and expenses.  Progress reports during the growing season update crop conditions and other projects on the farm.

Year end reports provide complete financial accounting, inventory, marketing intentions, proposed changes in the operation, plans for next year and other pertinent information.  This gives you complete information for tax preparation, while keeping you informed of the farm's business affairs.