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 County Iowa

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.
An Ask Extension Expert Replied October 17, 2013, 12:49 PM EDT

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