Commingling this money is a most flagrant breach of business ethics and is not tolerated by the profession. Managers may use a separate checking account for each client. Because of the required expertise and necessary time devoted to it, marketing has become an important aspect of professional management. No attempt is made here to determine the fee structure used by professional farm managers in Nebraska. Fees may be based upon a percentage of owner's share of income, flat annual charge, or time spent in the management of the farm.
Experience is a valuable qualification.
In this choice of management, the professional manager would supervise the hiring of all custom work performed. No tenant operator would be involved. The manager would make all production decisions in addition to procuring seed, fertilizer, chemical, and supplies. This is a contractual arrangement whereby the client may be seeking information or advice on investment opportunities, feasibility, tax management, or specialty farming. These services provide the client with decision-making aids of short duration, in contrast to the complete and continuous management of a property.