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picture1_Crop Production Ppt 42906 | Custom Farming And Ag Contracts Sd


 220x       Filetype PPTX       File size 1.85 MB       Source: www.iiasd.org


File: Crop Production Ppt 42906 | Custom Farming And Ag Contracts Sd
the issues economic pressure creates need for additional income and better more profitable use of land important to make a distinction between custom farming and farm management legal relationships and ...

icon picture PPTX Filetype Power Point PPTX | Posted on 16 Aug 2022 | 3 years ago
Partial capture of text on file.
 THE ISSUES
            Economic pressure creates need for additional 
             income and better, more profitable use of land
            Important to make a distinction between 
             Custom Farming and Farm Management
            Legal relationships and insurance implications 
             are different
 CUSTOM FARMING
          • History
          • Special expertise (examples: planting, 
            cultivating, harvesting, breeding, feeding, etc.)
          • Available labor and specialized equipment
          • Custom farmer farms his/her own land as well
          • Landowner maintains principal control of the 
            land and methods of production
  CUSTOM FARMING
                  •  Your Client:  Has a custom farming operation 
                     performed on his or her land
                  •  EXAMPLE: Hires someone with special equipment to 
                     harvest this year’s crop
 CUSTOM FARMING
   • Your Client: Performs a custom farming operation for someone else
   • EXAMPLE:  Client has special knowledge or expertise in planting a certain 
    crop and is hired by another farm owner to plant this year’s crop – but still 
    farms her own land
  CUSTOM FARMING
    •  Landowner pays all costs of production, aside from the fee paid to the custom 
       farmer
    •  Examples: seed, chemicals, materials used in planting, growing and 
       harvesting
    •  Landowner receives the proceeds from the sale of the crop and any insurance 
       payments or payment from government programs
    •  Custom farmer receives a flat fee or other negotiated amount
                            But always keep in mind, this can vary!
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...The issues economic pressure creates need for additional income and better more profitable use of land important to make a distinction between custom farming farm management legal relationships insurance implications are different history special expertise examples planting cultivating harvesting breeding feeding etc available labor specialized equipment farmer farms his her own as well landowner maintains principal control methods production your client has operation performed on or example hires someone with harvest this year s crop performs else knowledge in certain is hired by another owner plant but still pays all costs aside from fee paid seed chemicals materials used growing receives proceeds sale any payments payment government programs flat other negotiated amount always keep mind can vary...

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