
We offer a variety of leasing agreements including: fixed cash rent, variable cash rent, and crop share. We hope the following list of our practices will help you to understand how we run our operation.
Smith Bros Farms continues to integrate proven technology into our farming operation to increase efficiency and productivity. GPS has been used for many years, allowing us to be more efficient and profitable. We currently soil test all of our farms and have begun to test on 2.5-acre grids, every two years to allow us to optimize fertility for crop production. Chemical and fertilizer products are used efficiently. We are currently implementing Variable Rate Technology on application equipment in order to become more efficient in our application of chemicals and fertilizers.
Stewardship of the land is very important to our farm. We want to ensure a healthy and productive environment for the next generation. Erosion and drainage is controlled by adding tile, waterways, dry dams, or other structures in the field where they are needed. We use no-till in order to minimize soil erosion of fields at risk of soil loss and tillage is minimized. We treat all of our rented acres as if we owned them and continually work to improve them.
Our crops are diligently scouted for weed, insect, disease, or other problems. We have begun to collect harvest yield maps to help us make necessary decisions for the following years. We maintain a modern line of equipment, allowing us to plant and harvest the crop in a timely manner.
Smith Bros Farms believes the way a farm manages risk in today’s farming environment will help determine the success of the business. We focus a great deal of effort on planning and evaluating actions that will influence our business. Use of crop insurance helps us market our crop better, while professional advisors help us market at a more profitable level. We use options, forward contracting, marketing services, and selective hedging strategies, allowing us to market two to three years ahead and minimize the price risk associated with farming. We provide the majority of our grain storage needs on farm, which allows us flexibility at harvest and peak delivery periods. Smith Bros Farms uses managerial accounting software to track all revenues and expenses. This helps us evaluate what has worked in the past, and to project successful decisions for the future.