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Today's Harvest

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2
Apr

Your Records Need to Mean Something to You

April 02, 2019

By: Carolyn Huff

When changing accounting software, going through entity formation or just upgrading computers, producers often wonder what accounts to set up. As a best practice, set up the most meaningful accounts. Financial Services Leader Carolyn Huff provides guidance on record-keeping standards – especially those important for tax reporting or common for a given industry.

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Posted In: Business Tips and Tools

Tags: financial management, managerial accounting, record keeping, real-time accounting data
5
Feb

The Art of Tax Planning

February 05, 2019

By: Heidi Ball

Tax planning is often thought of as a quick check of your figures to make sure you are set for income tax. When in reality, it has evolved into much more. As a financial services consultant, I realize the importance of taking time to go out to the farm and have direct contact with a customer – not just during tax season, but all throughout the year.

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Posted In: Financial Management

Tags: financial management, tax planning, taxes
8
Jan

The Long View

January 08, 2019

By: Bill Lipinski

The demanding daily tasks of running a business can sometimes cause owners and managers to have a shorter term focus. After all, in the short term, they may have to concentrate on planting or harvesting crops, taking care of livestock, or day-to-day employee management. But as producers navigate day-to-day challenges, it’s important to maintain a long-term perspective.

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Posted In: Financial Management

Tags: ag outlook, business management, business planning, communication, consulting, farm management, financial management, financing, generational transfer, risk management
21
Aug

Positioning for Financial Success

August 21, 2018

By: Chris Laughton

Every farmer, fisherman or forest product producer defines success differently. For some, success is measured strictly in dollars and cents: the “bottom line.” Others make non-financial goals a priority. Nonetheless, every successful producer shares a few key management and financial practices. Here are some practices recommended by Dr. David Kohl, an agricultural economist specializing in farm business management.

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Posted In: Business Tips and Tools

Tags: ag expenses, business management, collaboration, communication, efficiency, financial management, production, record keeping, taxes