A new leadership team stepped into its role for the coming year at the recent Farm Financial Standards Council annual meeting in Amarillo, Texas.
A number of members received special recognition. Jeff Bushey and Todd Doehring, co-chair’s of the Council’s Technical Committee, cited Kent Meister, Bloomington, IL, and Angela Chesley, Van Bruggen/Vande Vegte, PC, Rock Valley, IA, for their leadership in leading subcommittee activities for the previous year. Meister was noted for his work with a group working on how agricultural financial managers should account for deferred taxes. Chesley’s group headed discussion on revisions to the Generally Accepted Accounting Practices (GAAP) and how to manage exceptions for agricultural entities.
Scroll down for more details about the leadership team and member recognitions from our meeting.
2022 Leadership Team
William “Bill” Rutter, 2022 President of the Farm Financial Standards and vice president and chief credit officer with MidAtlantic Farm Credit, Westminster, MD, is flanked by the balance of the top leadership of the organization. From left are: Brenda Duckworth, Immediate Past President, accounting manager with La Babia Cattle Company, Amarillo, TX; Rutter; Vice President Kathy Reinhardt, CPA and partner with Reinhardt Farms, Seaton, IL; and, Deena Brown, Secretary/Treasurer, lead underwriter with CGB AgriFinancial, Louisville, KY. The group was elected to their new positions during the organization’s annual meeting held recently in Amarillo, TX. The Council is a membership organization founded in 1989 with a mission of promoting uniformity and standardization in accounting and financial reporting on farm and ranch businesses around the United States. Members include financial advisors, lenders, producers, software development companies, academics and university extension professionals.
Brown Recognized for FFSC Committee Work
Deena Brown, lead underwriter with CGB Agrifinancial, receives a certificate of appreciation for her leadership with the organization’s Guidelines Formatting Subcommittee.Jeff Bushey, left, and Todd Doehring, right, co-chairs of the Technical Committee of the Farm Financial Standards Council, presented the certificate to Brown. Under Brown’s leadership, the subcommittee undertook the process of revising and standardizing the format for the Financial Guidelines for Agriculture, a 274-page document that has undergone numerous revisions to its many sections involving multiple authors over many years. The citation was made during the organization’s annual meeting held recently in Amarillo, TX.
Van Nurden Recognized for Leading Financial Ratios Subcommittee
Pauline Van Nurden, University of Minnesota Center for Farm Financial Management and chair of the Farm Financial Standards Council’s Financial Ratios Subcommittee, receives a certificate of appreciation from Jeff Bushey, left, and Todd Doehring, right, co-chairs of the Technical Committee of the Council. Under Pauline’s leadership the subcommittee undertook the process of refining the various financial ratios that are so important in achieving uniform financial reports for farmers and ranchers. The citation was made during the organization’s annual meeting held recently in Amarillo, TX.
Morgan Recognized for Leading Government Loan Forgiveness Subcommittee
Russell Morgan, center, principal at Morgan Agricultural Consulting Services, Portland, TN and chairman of the Farm Financial Standards Council’s Government Loan Forgiveness Subcommittee, receives a certificate of appreciation from Jeff Bushey, left, and Todd Doehring, right, co-chairs of the Council’s Technical Committee. Under Morgan’s leadership the subcommittee undertook the process of interpreting the impact of the federal Loan Forgiveness Program on farm and ranch tax reporting and general financial accounting. The citation was made during the organization’s annual meeting held recently in Amarillo, TX.