The straight line

Category Archives: Agribusiness

Cooperatives – What we’ve seen in 2022

Jim English, CPA, Partner WOW – 2022 was a wild ride! It all started in the fall of 2021 as grain prices continued to rise along with record increases in dry fertilizer and nitrogen prices. Those that could stay ahead of the rising prices saw unprecedented agronomy margins in 2022, or as one manager called...

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Ripple Effect of ESG in Agriculture – Matt Gardiner, CPA, CFE

As the world strives toward carbon neutrality, equity and inclusion, and responsible governance through the  pursuit of Environment, Social, & Governance (ESG) initiatives, it’s not just global corporations who will be taking on these challenges. A significant effort will come from small and mid-size organizations embracing this process, including the up- and down-stream supply lines...

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NEW LEASE ACCOUNTING STANDARD: It is Here! – Greg Cargin, CPA, Partner

Since the Financial Accounting Standards Board (FASB) began the process of enhancing the lease accounting standard in 2006, and after several delays of the implementation dates, it seemed that maybe this would never become a reality, but the time has come. Accounting Standards Codification 842 – Leases became effective for companies with fiscal years beginning...

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Domestic Production Activity Deduction Update

The Internal Revenue Service (IRS) issued final rules regarding the domestic production activities deduction 199A(g) (DPAD) Thursday. The IRS has made the decision to not allow the DPAD to apply to non-member-based business. The Office of Information and Regulatory Affairs (OIRA) completed its review of the final regulations under 199A(g) and plan to reveal guidance...

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What We’ve Been Up To – Greg Cargin, Partner, CPA

While you have been dealing with un-cooperative weather this spring and early summer in your operations, we have been busy trying to better ourselves to service your accounting and tax needs. In early May, the Gardiner + Co. staff participated in our annual staff training event in Des Moines. We brought in outside speakers to...

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