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How the Holidays Can Shape Your Family Legacy

By Jeanne Bernick | November 19, 2021
Reading Time: 2 minutes By Jeanne Bernick, Certified Family Business Advisor For many of you the stress of harvest season is over and now you enter a new season in family business: the holidays! As if working with family isn’t challenging enough, now there are mandatory meals and celebrations and traditions to recreate, not …

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What’s in the Infrastructure Bill and BBB Plan: Impacts for Agribusinesses

By Brian Kuehl | November 18, 2021
Reading Time: 2 minutes President Biden recently signed into law the $1.2 trillion bipartisan infrastructure bill that has been stalled in Congress for several months. Below is a summary of the tax provisions included in that bill that could impact producers. Infrastructure Bill’s Takeaways for Ag Elimination of Employee Retention Credit (ERC): The infrastructure bill …

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Bank Secrecy Act (BSA) Update

By Heather Campbell | November 15, 2021
Reading Time: 4 minutes Over the past few weeks it feels as if I have been drinking from a fire hose when it comes to compliance as it relates to Bank Secrecy Act / Anti-Money Laundering (BSA/AML).  Most of the information reviewed was not new, but it served as a good refresher that every …

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Speak to an Expert

Getting Personal with Business Strategy

We don’t make any major business decisions without talking to KCoe Isom. They are a partner who has taken a vested interest in our success. I appreciate that they can strategically organize our business so that growth isn’t a challenge. Being nimble and taking advantage of the right opportunities without restructuring our entire business model is key. The relationship we have with KCoe gives us the sounding board and financial stability we need to be ambitious, while providing valuable insight for what has or hasn’t worked for other organizations.

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Turning the Tide Back in Your Favor

We would not be farming today if not for KCoe Isom’s efforts.

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Managing a Well-Established Business

We want to be able to measure where we’re at financially so we can manage our risk. People grow corn and say their breakeven is $3.00. But they don’t figure the farm utility bills. They don’t figure equipment cost per acre and per bushel. That’s what we want to know. KCoe Isom brings the right team together so we get a global picture, not just of the farm, but also of the feed yard and livestock feeding. This is the financial know-how that helps us take our business to the next phase.

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Staying Productive, Profitable, and Independent

As owners, we have made strategic moves to grow the business. Each time we do, we call our business advisors and KCoe Isom is definitely one of them. They always come up with creative legally sound ideas for keeping money in the business. And that’s what lets us stay locally-owned.

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Establishing a Farm Legacy

Our farm operation is complex with a lot of moving parts. So whether it’s tax planning or estate planning, one thing will undoubtedly impact another. The people at K·Coe Isom are true professionals that know financials in the context of ag operations. They did a great job explaining the tax consequences and options. They made it understandable so we could get group consensus.

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Making a Difference in Your World

Sometimes you have to go out on a limb. That’s the only way you’re going to make a difference, in your business, in your community and in the world. By looking at sustainability from a multi-dimensional perspective, we’ve shown that growers can mitigate their risk and use their progress for a competitive advantage.

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RT @dtnpf "When you change roles, when something happens and you shift, you go through a process." Lance Woodbury, DTN Family Business columnist, shared with attendees of the CEO to Chairman #DTNAgSummit21 breakout session, "A succession plan is a psychological ownership of the future."

About 2 hours ago from KCoe Isom's Twitter