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Farm Management

Cotton Grave Procedures in the Management of Farms

1. Cotton Grave will select farm tenant.  Preference is given to working with the existing tenant unless conditions dictate a change.
   

2. Cotton Grave will negotiate a crop share or cash rent lease, whichever is most beneficial for the owner.
   

3. Cotton Grave will prepare and send a "Farm Management Plan Report" to clients each spring which gives the acreage layout and a summary of the crop inputs.  They will also send an "Annual Farm Management Report" to clients, which presents their perspective of agricultural conditions on the local, national, and international level.
   

4. Cotton Grave will monitor and report to the owner the farm and crop conditions throughout the year.
   

5. Cotton Grave will handle all accounting aspects, deposit receipts and pay all bills, including real estate taxes and insurance.  Financial reports are sent at midyear and in December.  The year end financial summary is a comprehensive and readable report that will serve as a basis for client's income tax preparation. 
   

6. Cotton Grave will be responsible for the marketing of grain under the crop share leases.  They also will be responsible for administrating the government farm programs.
   

7. Each year Cotton Grave will host a farm tenants meeting in which highly valued resource people on a variety of technology and business topics give presentations.  (We consider our farm tenants as equal partners in the success of the farm.  We try at all times to be fair in our dealing with them and as a result have developed a cordial and trusting business relationship with them.  We feel this policy directly benefits owners in many ways.)