Farm Financial Standards Council

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Council Members Elect New Officers

Members of the Farm Financial Standards Council elected its 2024/2025 leadership team and installed two new members of its board of directors at its annual conference held here July 24 – 26. All will serve through June 30, 2025. Elected to the role of president is Jonathan Shepherd, Agricultural Extension Specialist and director of the University of Kentucky Income Tax Seminar Program, Department of Ag Economics, University of Kentucky, Frankfort, KY. Previously Shepherd had served as president-elect and secretary/treasurer of the organization. Immediately preceding Shepherd and now immediate past-president is Deena Brown, lead underwriter with CGB AgriFinancial, Louisville, KY.

Conferences

Annual Conference 2024

Our annual meeting was a success! Here are details about the new leadership elected. We’ll have more details later. Daily Schedule | Detailed Thursday

Hamilton Crowned 2024’s Top Producer of the Year

Congratulations to longtime council supporter Christine Hamilton. She and her team have been named 2024 Top Producer of the Year and are featured in the

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Why the ffsc?

The Farm Financial Standards Council provided me with a valuable resource for the proper presentation of agriculture producer financial statements that I could not find in any of the standard CPA research services. My membership in the Council has given me the opportunity to connect and exchange ideas with some of the brightest agriculture business, academic and credit leaders in the country.

As farm operations become more complex the owners and managers need accurate financial statements to help them to make sound business decisions. The Standards set by the Council provide a roadmap for producing high quality financial information for managing your farm business, keeping your bankers happy, and benchmarking your farm’s results.“

Working with producers in educational farm business management I observed the impacts of the Council in standardized terminology, statement formats, and tools for analysis – across lenders and education. Since joining FFSC I find direct participation keeps my professional efforts on track, and the standards set a goal in working with producers and their financial partners.