The straight line

Category Archives: Agribusiness

Accounting Standards Update: Simplifying the Measurement of Inventory

In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update ASU 2015-11 – Simplifying the Measurement of Inventory as part of the Board’s Simplification Initiative. Under previous guidance, an entity subsequently measures inventory at the lower of cost or market; market being defined as replacement cost. Under ASU 2015-11, inventory is measured...

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Non-qualified Patronage Received from Regional Cooperatives

We are seeing more use of non-qualified patronage from the regional cooperatives. Treatment of these allocations varies from client to client, firm to firm, etc. Even our decision may change as we see the regional indicate or demonstrate they intend to revolve the non-qualified patronage. For example, CoBank specifically indicates they have no intention of...

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CHS Equity Redemption Program

In late April, our cooperative clients received a letter from the Board Chairman of CHS, Inc. regarding the company’s annual equity redemption program.  We have fielded a number of calls on what the letter is telling the member cooperatives regarding their non-qualified equity.  We would tell you “nothing new” (particularly from a tax standpoint). In...

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Free Speech Limits in the Workplace

Employees who make comments and express opinions that irritate, offend or anger their colleagues are a major source of workplace conflict. The same is true of employees who argue with supervisors, using inflammatory or profane language. When employees who express themselves in these ways are told to stop, they often respond: “I have a right to...

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Six Tactics To Improve Your Search Engine Results

To increase website traffic, you need to employ two corresponding, yet very different methods to help your site land top rankings in the major search engines, SEO and SEM. Don’t become confused by the two terms or use them interchangeably: Search engine optimization (SEO), is the process of improving the visibility of a website or a...

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Stop Sending Customers to the Competition

How many times have you, or your salespeople, responded to a customer request by saying, “We don’t carry that item?” or, “I’m sorry, but that’s not part of our service package?” The number is critical, and if you don’t know it, then you’re losing profit potential. Sure, you might have stocked an extra item or two...

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