Blake Miller, CPA, CFE, Partner The new accounting standard for joint ventures introduces significant changes aimed at reducing diversity in practice and providing better information for decision-makers. Previously, joint ventures faced inconsistent guidance on how to measure and recognize net assets contributed upon formation.  Some opted to measure at carrying value, while others used fair...

By Mark A. Rodruck, CPA, Partner As we wrap up a successful but challenging 2024 and look ahead to 2025, it’s clear that the agriculture industry, like many others, will face a number of challenges and opportunities. Key factors such as staffing concerns, rising fixed expenses, shifts in the political landscape, and the potential sunset...

Jim English, CPA, Partner WHAT GOES UP MUST COME DOWN! After two years of record or near-record sales, the age-old adage “what goes up must come down” has proven true. Commodity prices, which surged in recent years, took a sharp downturn, leading to a noticeable drop in overall sales revenue. Fortunately, earnings didn’t follow the...

Mark A. Rodruck, CPA, Partner What does 2024 have in store for the industry and our clients? The following is a short list of potential circumstances that all will be facing when making decisions for your company; inflation, staffing shortages, increasing labor costs, increasing fixed expenses, drought concerns in many areas, overcoming lack of drying...

Jim English, CPA, Partner BETTER THAN EXPECTED! Time and time again that was the response when asking Coop managers and Board members about the 2023 harvest.  I think the same can be said when discussing the financial years of our cooperative clients.  Many had a bleak outlook when there 2023 fiscal year started.  Many struggling...