Pinion Insights: Posts from category

Animal Ag

Co-ops Can Increase Employee Retention with These 6 Steps

By Pinion Editorial | April 22, 2024
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Reading Time: 4 minutes
In recent years, securing new employees has been an overwhelming concern for businesses, with several reasons contributing to the shortage of job seekers. The pandemic has accelerated a shift to non-traditional work structures, and while companies offering remote positions have been receiving a steady stream of applicants, employers with traditional …

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Navigating High Interest Rates in 2024

By Pinion Editorial | February 23, 2024
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Reading Time: 3 minutes
After nearly two years of rising interest rates, many farmers are tapping into their cash reserves from prosperous years to avoid taking out new loans. The Federal Reserve Bank of Kansas City reports that lending has softened with the amount of farm operating loans over $1 million dropping notably and …

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Farmland Project Success is Controllable

By Pinion Editorial | February 8, 2024
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Reading Time: 2 minutes
When a piece of farm equipment breaks down, chances are slim to none that you take it to a general repair shop. If you can’t fix it in your own shop, you’re likely hauling it straight to a MacAllister’s or John Deere – somewhere with the equipment, knowledge and specific …

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checklist

Financial Checklist for Ag Operations

By Pinion Editorial | December 15, 2023
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Reading Time: 3 minutes
The beginning of the year is a great time to perform an overall financial check for your business. “We recommend that farm operations do this annually,” says principal Brad Palen of Pinion. “Not only does it provide you with a clearer picture of your business’ progress for the year, but it can …

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grain elevator, farm co-op

5 Things Every Co-op Should Do Before Year End

By Pinion Editorial | October 16, 2023
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Reading Time: 3 minutes
As the calendar year draws to a close, many farm co-ops are also approaching their fiscal year-ends. As a co-op CEO, now is a good time to ensure you’ve taken all the necessary steps and checked all the boxes to prepare for the next year. “We anticipate that 2024 will …

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FinCEN Reporting Deadline Alert: What Every Business Needs to Know

By Pinion Editorial | October 3, 2023
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Reading Time: 2 minutes
Beginning January 1, 2024, the Corporate Transparency Act requires all U.S.-based entities to report to the Financial Crimes Enforcement Network (FinCEN) detailed information about the entity and its key stakeholders – called “beneficial owners.” Any business with any legal entity (including single-member LLCs with minimal activity) will be impacted.  Small …

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The Flip Side of Estate Planning: Why Many Don’t Bother

By Pinion Editorial | September 26, 2023
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Reading Time: 3 minutes
6 in 10 Americans have a retirement account, while only 1 in 3 have an estate plan. While the majority of Americans see the importance of retirement planning, most neglect estate planning.  The most common reason for avoiding a will, trust or estate plan?  Procrastination. Todd Stanley, a wheat and …

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How Automating Your Farm Office Creates Competitive Advantages

By Pinion Editorial | August 22, 2023
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Reading Time: 2 minutes
As a farm manager, you’ve invested in high-tech field equipment like GPS tractor systems, efficient irrigation systems and automated milking parlors to make your life easier. But what about your farm office? In the ag industry, the back office is largely overlooked. But the farm office has huge opportunities and …

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