Trust Examiner School eBook

July 20, 2021

Page 5 of 12

Is the market value of the property included in the calculation of the account's fees? N o Is a flat fee charged for the property? Y e s Is there a farm management company involved? N o Is the farm acreage cash rented? Y e s Are the rental receipts current? Y e s

is the appraised value reflected on the trust accounting system? Y e s

Are there any concerns about the condition of the property? N o Are there environmental concerns? N o

Have the terms of the rental agreement been reviewed in the last twelve months? Y e s Is the rental amount adequate compared to the market for similar properties? Y e s Is the farm acreage share-cropped? N o Is there a residence on the farm that is leased? N o Is the return on investment adequate? Y e s

Has the property been inspected in the last twelve months? Y e s

Has the property been appraised in the last three years? Y e s

Real Estate - Ag/Farm Rental (continued) Review Questions: Is the Trust's ownership of the property under review less than 100%? N o

Alerts (continued)

Account xxxxx