Implementing financial standards from a producer’s viewpoint

By Steven Severe Accountants can be your friend….really!! From an accountant’s perspective using the Farm Financial Standards Council’s Financial Guidelines for Agriculture makes perfect sense. Using the Guidelines gives one direction for preparing consistent, reliable and comparable financial statements for a year-to-year look at the agricultural operation. This allows all

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Take advantage of an opportunity, don’t become one.

By Scott Elston “Working capital” or “liquidity” are terms you may hear from your lender or see in various financial reports. Though this lingo may be foreign, having these in your business are critical to lasting success when operating in the volatility faced in production agriculture. Simply put, working capital

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Why do lenders need so much information?

By Scott Elston When it comes to financing your farming or ranching needs why does your ag lender ask for so much information? Balance sheets, income statements, tax returns, K-1’s, and cash flow forecasts might seem a bit too much. Don’t they know me and my business by now? I’ve

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Featured

2017 Financial Guidelines Available!

A new year means new revisions to the FFSC Financial Guidelines for Agriculture. Stay up to date by ordering the 2017 edition of our guidelines document. Summary of Changes In this edition of the Farm Financial Standards Council’s Financial Guidelines, there are several important changes to be noted. These changes

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Conferences

Ag Finance Boot Camp: Sharpen Your Financial IQ

By Mike Wilson Ramping up your business skills makes sense any time, but especially now, with thin projected margins for agriculture. If you can spare a day, join us for the 2017 Farm Futures Ag Finance Boot Camp, taking place Jan. 18 at the Quad-Cities Waterfront Convention Center in Bettendorf,

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straw bales in field
Featured

Fields of Debt: A Reuters Report

A sharp uptick in debt, owed by farmers who loaded up on easy credit when commodity prices were high and kept borrowing after grain prices crashed, is raising fears of broader turmoil in U.S. agriculture. A Reuters analysis of federal data on agricultural lending in Illinois, Indiana and Iowa shows that delinquency

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Conferences

Annual Conference Highlights

At the 2016 FFSC Annual Conference and Padlock Ranch, the hospitality and camaraderie were as large as the ranch itself. More than 60 professionals and family members gathered July 13-15 to meet new friends and reacquaint themselves with colleagues they’d not seen for a while. You can see lots of photos and

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Featured

Severe to Head FFSC Leadership Team

(Ranchester, WY, July 25, 2016) – Stephen Severe, chief financial officer at Padlock Ranch, located near here, was elected president of the Farm Financial Standards Council during the organization’s annual conference held at the ranch July 14 and 15. Severe, who had previously served as the Council’s secretary/treasurer and vice

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Employment – Staff Accountant

Progressive Agricultural Company in Bonita, Arizona is seeking energetic accounting professional to fill a full-time position for Staff Accountant. A minimum of 1-2 year experience as staff accountant is preferred, other related work experience may be considered.  Salary commensurate with previous experience. Interested qualified candidates may forward a resume to bonitaag@vtc.net

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