The straight line

Category Archives: Cooperatives

NCFC 94Th Annual Meeting – Orlando, FL

Dennis Gardiner, Gardiner + Company, CPAs Managing Partner Partners Mark Gardiner, Greg Cargin and myself attended the National Council of Farmer Cooperatives Annual Meeting / Legal, Tax and Accounting Conference last week in Orlando.  We learned about key issues facing co-ops and their members.  USDA Secretary of Agriculture Tom Vilsack was the keynote speaker to...

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Non-Member Business Versus Non-Patronage Business

Dennis Gardiner, CPA, Managing Partner In reviewing the patronage allocations for a number of our clients, I noted plenty of non-member business in certain divisions of the cooperative. Grain and agronomy have higher member business percentages, while feed and energy are typically the lower member business percentages. Feed is usually a function of business done...

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Still not using Non-Qualified Patronage Dividends? – Dennis Gardiner, CPA, Managing Partner

Since DPAD/Section 199, now Section 199A(g), began in 2007, cooperatives have been building up significant increases in retained earnings and permanent capital. Additionally, bonus depreciation has been an available tax deduction for use for many years recently. As these deductions were being used, members have received a lesser percentage of the patronage-sourced (allocable) earnings. Percentages...

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Cooperatives: What we expect to see in 2023

By Mark A. Rodruck, CPA, Partner What does 2023 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, recession, supply chain disruption, high labor costs, increased interest rates and transportation bottlenecks all pose threats...

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