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Appealing to the Next Generation: 6 Ways to Attract and Retain Future Leaders

By K·Coe Editorial | April 21, 2021

Reading Time: 3 minutes If the COVID-19 pandemic has taught businesses any one thing, it’s how dynamic and adaptable business models can become when needed.  This resilience bodes well for businesses as the challenges surrounding their workforce gaps, future leadership uncertainties, and workforce adaptations have been an active, ongoing issue. “Essentially, businesses have proven …

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KCoe Isom Announces Addition of Global Assurance Leader

By K·Coe Editorial | April 19, 2021

Reading Time: < 1 minute April 19, 2021 – Food and agriculture consulting and accounting firm K·Coe Isom today announced the hiring of Miguel Navarro as Global Assurance Leader.  Navarro has more than 25 years of professional experience in strategic assurance and risk management initiatives on a global scale, having worked previously for Wal-Mart and …

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Accounting Standard Update: Delayed Effective Date and Its Effects on Leases

By K·Coe Editorial | April 16, 2021

Reading Time: 3 minutes ASU 2016-02, Leases Update: FASB officially delayed the leasing standard effective date for non-public entities to December 15, 2021 (i.e., January 1, 2022). This standard may not only affect a bank’s balance sheet, but also the balance sheet of their customers. Overview of the ASU Lease Update Effects Effects on …

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Getting Personal with Business Strategy

We don’t make any major business decisions without talking to K·Coe 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 K·Coe 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 K·Coe 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. K·Coe 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 K·Coe 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 @FarmFutures These behaviors build trust among #farm families Embrace these 4 traits to build better #business, personal relationships.… #farmbusiness #agriculture

About 6 hours ago from K·Coe Isom's Twitter