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Burns Acres, Field Operations, Resources, Share Crop, 100 Year Plan, No Co…
Burns Acres
$400,000 Loan to Art locked to 357 acres
$225,000 Loan @ 2% to Art
Shareholders loan to Mom @ $800,000
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Farm separately, no agreements
Farm together, share equipment, form agreements
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Owner of Wrights, charges customers storage fees and use rates for shop
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Purchase or hire out the planting, spraying, fall tillage
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Shotgun agreement to buy WER assets. (Land, spreaders and the shares)
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Determine inventory in grain bins, cash in bank, AR & AP.
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Field Operations
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Glyphosate on Corn, 6-8 leaf
Glyphosate on Soybean, 1st trifoliate
Estaprop/Stratego on Wheat, Zadok 31
Glyphosate/Stratego on Soybean, 5th trifoliate
Drop pipe 28% in Corn, 10-12 leaf
Prosaro on Wheat, Zadok 58
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Share Crop
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Yields are averaged over the farms, no motivation for improvement
Simplified record keeping, solves fuel, equipment, grain storage and shed storage issues.
Burns Acres is the operator, J&J the land owner
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100 Year Plan
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Culture of hard work, field work comes first
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Pride of ownership, taking care of equipment and property, and have the resources to do so.
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