This Lender’s Summary from the Farm Financial Standards Council provides valuable guidance on using standardized accounting methods. Adopting these practices will lead to more effective financial analysis and benchmarking for both lenders and producers. The document is highly recommended for anyone involved in farm financial management and analysis. Sign up
Joe Kessie, now retired from Lake City Bank, Warsaw, IN, receives a plaque of special recognition and thanks from Kathy Reinhardt, CPA, president of the Farm Financial Standards Council. She cited Kessie’s years of being the official representative from the American Bankers Association and co-chair of the Council’s finance committee.
Norman Brown, founder and principal at FBS Systems, Aledo, IL, receives a plaque marking his status as an Emeritus Lifetime Member of the Farm Financial Standards Council from Kathy Reinhardt, CPA, president of the organization. In making the presentation, Reinhardt noted Brown’s continual presence as a member of the Council
The membership of the Farm Financial Standards Council elected Deena Brown, lead underwriter with CGB AgriFinancial Services, Louisville, KY, to be president of the organization for its 2023-2024 business year. The election was held during the group’s annual conference held July 26-28 in Moline, Ill. Taking on the role as
Menomonee Falls, WI. January 12, 2023 – The Farm Financial Standards Council (Council) has released an updated version of the Financial Guidelines for Agriculture (Guidelines). A revised edition of the corresponding Implementation Guide has also been published. The 2023 edition of the Guidelines updates and clarifies the discussion of depreciation, emphasizing book depreciation as the
Council veteran Pauline Van Nurden, an Extension economist with the Center for Farm Financial Management with the University of Minnesota, addresses the audience at the Farm Futures Boot Camp program in Coralville, IA on January 18. Her topic was How to measure your farm’s financial performance with the newly released Financial
Menomonee Falls, WI. January 12, 2023 – The Farm Financial Standards Council (Council) has released an updated version of the Financial Guidelines for Agriculture (Guidelines). A revised edition of the corresponding Implementation Guide has also been published. The 2023 edition of the Guidelines updates and clarifies the discussion of depreciation,
We have exciting news! FFSC has a discount code for the upcoming Ag Finance Boot Camp in Coralville, Iowa. Register here, and use code FFSC to receive 20% off in-person Boot Camp registration. When: January 18, 2023 | Where: Hyatt Regency Coralville Hotel & Conference Center, Coralville, Iowa | Social: #FFBootCamp23
Source: American Bankers Association news release WASHINGTON – The American Bankers Association today announced the recipient of its annual Blanchfield Award, the association’s premier award presented for significant contributions to agricultural banking. ABA will honor Steven Turner, an attorney with Baird Holm LLP, with the Blanchfield Award d at the
FFSC Chief Financial Officer Kent Meister, at right in the photo above, was presented the Council’s WorkHorse Award during the annual meeting held in Annapolis, MD, July 27-29. The presentation was made by FFSC President Bill Rutter during the group’s luncheon on July 28. Meister was cited for ‘his commitment
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