Latest News From Finance-Accounting

Important Differences Between Today and the 1980s Ag Economy
Important Differences Between Today and the 1980s Ag Economy

Though inflation is currently high, Indiana ag lender Joe Kessie doesn’t expect a repeat of what he experienced in his early career for three main reasons.

The Corporate Transparency Act: What You Need to Know
The Corporate Transparency Act: What You Need to Know

Beginning Jan. 1, 2024, you will be required to report online to the Financial Crimes Enforcement Network (FINCen) any entity that is required to be filed with your state.

 What in the World is Going On With Glyphosate Prices?
What in the World is Going On With Glyphosate Prices?

Suppliers and retailers continue to cut glyphosate prices in the U.S. as the industry grapples with too much supplies. With no resolve in sight, one inputs analyst thinks glyphosate prices could remain low through 2023.

Lusk Named New Dean of Oklahoma State's Division of Agricultural Sciences and Natural Resources
Lusk Named New Dean of Oklahoma State's Division of Agricultural Sciences and Natural Resources

Oklahoma State University announced Dr. Jayson Lusk as the new dean and vice president of its Division of Agricultural Sciences and Natural Resources. Lusk will succeed Dr. Tom Coon in early August. 

What To Know When You’re At The Table With An Alternative Ag Lender
What To Know When You’re At The Table With An Alternative Ag Lender

If you’re ready to meet with an alternative lender, here are some points to keep in mind.

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Out-of-the Box Lending Options for Farmers

Having another financing option can make all the difference when the right opportunity comes your way. 

USDA Confirms Farmers’ Fears: Net Farm and Net Cash Farm Income Expected to Fall This Year 
USDA Confirms Farmers’ Fears: Net Farm and Net Cash Farm Income Expected to Fall This Year 

USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.

Use Portability to Avoid a Potential Multi-Million Dollar Estate Mistake
Use Portability to Avoid a Potential Multi-Million Dollar Estate Mistake

If your spouse dies, look into filing Form 706 Federal Estate Tax Return with the IRS. Taking that step could help you protect farm assets so they pass to your heirs without estate taxes. The process isn't automatic.

Here's Why Buying U.S. Farmland Just Became More Expensive
Here's Why Buying U.S. Farmland Just Became More Expensive

Both agricultural lenders and economists are watching the possible impact higher interest rates will have on not only the number of U.S. farmland sales, but the price.

How to Calculate Your Personal Inflation Rate
How to Calculate Your Personal Inflation Rate

See how rising costs impact you and your family.

Make Your Financial Data Accessible and Meaningful
Make Your Financial Data Accessible and Meaningful

Collect and analyze the best financial data to aid decisions on your farm operation.

4 Trends Shaping Your Farm’s Future
4 Trends Shaping Your Farm’s Future

The world is transforming as the COVID-19 pandemic advances technology and cultural shifts in how business is done. 

9 Forces Shaping the U.S. Rural Economy in 2022
9 Forces Shaping the U.S. Rural Economy in 2022

Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,

What’s In Your Farm Employee’s “Hidden Paycheck?”
What’s In Your Farm Employee’s “Hidden Paycheck?”

While it’s easy to get defensive about the amount of money your employees should be receiving, there are often various benefits provided that contribute to an employee’s “hidden paycheck.”

Prep Your Farm Business for the Year’s End
Prep Your Farm Business for the Year’s End

With the hustle and bustle of the holiday season hastily approaching, now is the time to look over business details to help make your transition into the new year much smoother.

Rural Bankers Rank Top Three Challenges
Rural Bankers Rank Top Three Challenges

The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.

The Farm CPA Podcast: How Do You Define Success?
The Farm CPA Podcast: How Do You Define Success?

Each week, Paul Neiffer visits with a farmer or someone involved in the ag industry on “The Farm CPA Podcast,” brought to you by Top Producer.

A Simple Checklist to Evaluate ROI on Your Farm
A Simple Checklist to Evaluate ROI on Your Farm

The concept and calculation of return on investment (ROI) is pretty simple. Yet, it is often poorly defined and poorly understood.

Open communication creates trust and adequate funding
4 Questions to Ask Your Lender Now

Many economic factors are at play in the ag industry, everything from stimulus money to higher commodity prices to historically low interest rates. How will these issues impact your farm?

Investment that Pays: Teach Farm Kids How to Manage Money
Investment that Pays: Teach Farm Kids How to Manage Money

You’ve taught your kids how to drive tractors, herd cattle and identify weeds. But have you passed on your money and management skills?

Outsourcing: Align Skills With Tasks
Outsourcing: Align Skills With Tasks

This business practice reduces employee expenses and optimizes asset needs.

HSAs Offer Health Care, Retirement Savings
HSAs Offer Health Care, Retirement Savings

Health insurance coverage and healthcare costs are among the greatest challenges for self-employed Americans, including farmers.

Turn the tables and seek insightful answers to better manage your farm.
Questions to Ask Your Lender Now

Turn the tables and seek insightful answers to better manage your farm.

AgWeb
Understand how Personal and Business Credit Intersect 

Avoid the commingling muddle when it comes to your profits and expenses.

Avoid These Family Compensation Traps
Avoid These Family Compensation Traps

How and what you pay your family is a sensitive subject, here’s how to keep everyone on the same page.

Do not ignore signs of distress or suicide from your friends, family members or neighbors.
Watch for Signs of Suicidal Risk on Your Farm

Do not ignore signs of distress or suicide from your friends, family members or neighbors.

Farm Bank Lending Rises to $108 Billion in 2018
Farm Bank Lending Rises to $108 Billion in 2018

Strong performance, asset quality and capital levels in 2018

Tyson Ventures Invests in Food Safety Testing Firm Clear Labs
Tyson Ventures Invests in Food Safety Testing Firm Clear Labs

Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.

“I really think it's a lot of heavy and hard decisions for bankers, trying to ride out tough situations, and it takes a lot of time to make those decisions.”
Waiting On An Operating Loan? Here’s What You Should Do

Ashley Arrington of Farmhold Financial, shares these tips to help speed up the process to get the money you need now.

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Analysts Share Opportunities, Threats at Top Producer Summit

During a live taping of U.S. Farm Report at the 2019 Top Producer Summit in Chicago, analysts shared the opportunities and threats they think commodity markets will face this year. 

How do you know it's time to walk away from your current ag lender? Three ag bankers weigh in.
How Do You Know It’s Time to Walk Away from Your Current Banker?

As agriculture enters into its sixth year of the current recession in the sector, relationships with ag lenders are growing even more important. Three ag lenders answer: "How do you know it’s time to walk away?"

Steady inflation. Low unemployment. Strong consumer spending. Increasing wages. Several key factors are propelling the U.S. economy.
U.S. Economy Buoyed by Strong Tailwinds

Steady inflation. Low unemployment. Strong consumer spending. Increasing wages. Several key factors are propelling the U.S. economy.

What happens we recognize threats or opportunities? Our primitive brains were equipped with two modes—experience and execute.
Danger or Data? Avoid the Trap Upending Operational Stability

Urgent, unpredictable events, especially those that involve potential loss of resources or opportunities, can trap us into risky thinking patterns. That can lead to impulsive behavior and put your business at risk.

Jerry Gulke The Rest of the Story
Has Our World Changed?

It takes a working capital investment to manage risk using futures/options, the shortage of which could be a big problem this year.

Not happy with your interest rate? Ask for a better one--now!
Negotiate Ahead of Interest Rate Hikes

Not happy with your interest rate? Ask for a better one--now!

Comparing production measures in a broader group allows us to see where we are as a business and what we should be working to improve.
Strive for Continuous Improvement

Comparing production measures in a broader group allows us to see where we are as a business and what we should be working to improve.

While it may be hard to believe, the ag economy is showing signs of improvement.
Rural Bankers See Slow, But Improving, Economic Growth

While it may be hard to believe, the ag economy is showing signs of improvement.

The Federal Reserve is tightening credit as the economy shows signs of strength, ending a prolonged period of low interest rates in the wake of the financial crisis.
Next Threat: End of Cheap Money

Farmers are now feeling a new squeeze -- borrowing money is getting more expensive as interest rates rise. For some, it may be fatal.

There are times when it's best to wait and see.
Nalivka – Sometimes, It’s Best To Sit On Your Hands And Wait

All this hand-wringing over tariffs might well be for naught—this is when risk management is needed most.

The Federal Reserve hiked interest rates as expected Wednesday.
Fed Lifts Rates, Steepens Path Through 2020 For More Hikes

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020.

Loans over $100,000 make up more than 70% of total farm loan volumes at commercial banks. Farm operating loans also continue to increase in size.
Ag Lending Trends: The Money Squeeze Continues

After appearing to stabilize, farmer demand for agricultural loans increased sharply in the fourth quarter of 2017.

AgriTalk
AgriTalk: Are the Russian's Swaying U.S. Public Opinion on GMO's?

Chip Flory looks at a study from Iowa State that alleges Russia is meddling in U.S. public opinion on GMO's with Carolyn Lawrence-Dill. He also talks inputs and finances with Davis Michaelsen and Tanner Ehmke of CoBank

<p>Pete Nelson, AgLaunch president, stands to the left of Secretary of Agriculture Sonny Perdue, center front, along with the AgLaunch team, in Memphis, Tenn.</p>
Shark Tank Eyes Hottest Agriculture Technology

AgLaunch provided a lively shark tank-type forum for 15 vanguard technologies covering all facets of agriculture on March 2 in Memphis, Tenn.

A change to remedy unintended consequences of the tax code could pass through Congress by the end of the month.
Section 199A Changes On The Horizon

A change to remedy unintended consequences of the tax code could pass through Congress by the end of the month.

Companies providing alternative financing to farmers include Ag Resource Management, Conterra Asset Management, Farmland Partners, Farmers Business Network, AgAmerica Lending, John Deere Financial and CHS.
The Pros And Cons Of Alternative Lending

Alternative lending can help farmers who are in a pinch, but it's important to understand the risks and rewards involved.

USDA projects a drop in farm income
U.S. Farm Income to Hit 12-Year Low

USDA projects a drop in farm income

Is there money to be made by pursuing meatless products manufactured in test-tube environments? Venture capitalists certainly think so.
7 Ways to Protect Your Money

You’ve earned it; now here’s how to keep it more of the money you’ve worked hard to accumulate. Keep these seven tips in mind.

 If there is one thing that could move the profitability needle to the positive faster for your customers it would probably be precision agriculture technology.
Reliable Rural Broadband: A Near-Future Reality or All Talk?

There may be a better, more reliably-connected reality in the near future.

Stress Test Farm Financials
Stress Test Farm Financials

Stress testing can be an important tool in evaluating how to deal with lower prices, higher costs or changes in loan terms.

12 Financial Resolutions For 2018
12 Financial Resolutions For 2018

While New Year’s resolutions can be hard to keep, they may also make you more than 10 times more likely to achieve your goals than if you hadn’t made a resolution at all.