(Menomonee Falls, WI, August 11, 2020) Brenda Duckworth, CPA, controller at High Choice Feeders, headquartered in Scott City, KS, has been elected president of the Farm Financial Standards Council, based here.
The election came during the organization’s virtual annual business meeting held recently.
Other officers elected to the FFSC leadership team are: Vice President, William ‘Bill’ Rutter, vice president and chief credit officer with MidAtlantic Farm Credit, Westminster, MD; Secretary/Treasurer, Kathy Reinhardt, CPA, an accountant and farmer from Seaton, IL. Immediate past president is Keith Raynor, a partner with TRP Sumner LLC, Dunn, NC.
New directors named to three-year terms are: Russell Morgan, principle at Morgan Agricultural Consulting Services, LLC, Portland, TN, and Jonathan Shepherd, Extension Specialist with the University of Kentucky, Lexington, KY.
Duckworth had previously served as vice president and secretary/treasurer of the Council as well as a number of committee chair positions. She is an agricultural economics graduate of Texas A & M University, and a Certified Public Accountant.
The FFSC was formed in 1989 and tasked with developing agricultural finance standards for adoption by farmers and ranchers and their financial advisors across the United States. The goal of the organization is uniformity in finance reporting for determining the financial health of an agricultural operation. This includes the ‘Sweet 16″ financial ratios, which have been developed for the measurement of critical financial benchmarks. The Council today is a nationwide network that includes financial advisors, academics, farmers and ranchers, software developers and agricultural lenders. All its officers and members serve on a voluntary basis.