Reading Time: < 1 minute With an honest viewpoint heading into 2020, there is no sharp improvement or further downturn ahead. Many farmers deem ‘selling a land portion’ as the unthinkable. K·Coe’s ag strategists advise keeping an open mind. When handled correctly, it can be a viable (and secure) option for cash-strapped farm operations. “The …
Reading Time: < 1 minute Now is the time to take a good look at where your operation stands, to determine the path you should take for 2020. It doesn’t take a financial expert to tell you that businesses without plans have lesser chances of survival – in fact, 50 percent of businesses historically fail …
Read more3 Categories of Financial Health: Where does your ag operation sit?
Reading Time: < 1 minute “Joining forces with another farm can increase efficiencies or offer opportunities of scale,” advises Maxson Irsik of K·Coe Isom. The Benefits of Mergers, Joint Ventures and Creative Partnerships: Diversification of farm operations, land base, crops or livestock. Build cash flow or grow market share. Bolster the viability of your succession …
Read moreJoining Forces: How to Survive and Grow with Purpose
Reading Time: 2 minutes By Jeanne Bernick, Principal and Growth Leader, K·Coe Isom Back in 2010, a report established that a high level of ‘social sensitivity’ – a trait predominantly exhibited by women – had the potential to impact the safety, security, and sustainability of our food system. Gradually, a steady shift has been taking …
Read moreToday’s Women Affecting Change in a Challenged Ag Market
Reading Time: 2 minutes Typically, we think of the importance of tax planning when things are going very well for the industry because it equates to higher income, and therefore managing the taxation of that income is an important consideration. However, income tax planning is still important in economically difficult years. This year is …
Reading Time: < 1 minute For many agribusinesses, it’s almost time to close the books on 2019 and start planning for next year. We often advise clients on the importance of maintaining a healthy, open relationship with your lender, during the good years and not-so-good years. A recent article in The Wall Street Journal highlighted …
Reading Time: 3 minutes With most farmers or ranchers spending an average of 50 years or more on their farms – where land is both a lifestyle and legacy – it’s a wonder why so many of these businesses (over 80%) fail to plan for the next generation of business and ownership. Look closely, …
Reading Time: < 1 minute If you’re still using Excel and other software programs to track crop rotation and inputs, but are struggling to tally the full costs involved in all the crops you grow, you are missing out on the total profitability picture. Running your business without complete and accurate data is certain to …