Are there guidelines as to what a person can charge for farm management fees? - Ask Extension
I'm a partner doing the management for a 160 acre farm. Are there any guidelines as to percentage of gross income to charge?
Knowledgebase
Are there guidelines as to what a person can charge for farm management fees? #157434
Asked October 17, 2013, 12:27 PM EDT
I'm a partner doing the management for a 160 acre farm. Are there any guidelines as to percentage of gross income to charge?
Monona CountyIowa
Expert Response
In a recent survey we asked a question on fees for professional farm managers. The fees ranged from 5 to 10%. The average was 8%. The fees varies on the amount of work the manager is doing. For example, crop share leases require more time and a higher fee.