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Bloomington Meeting Wrapup

August 16, 2012 by David Leave a Comment

We heard lots of good presentations at our meeting in Bloomington. Here’s a list of some of the Powerpoint presentations from that meeting.

Economic and Financial Outlook — Kevin Waspi

FAST – Gary Schnitkey, University of Illinois

FFSC Cash vs Accrual — Paul Ellinger

Using the ‘Standards’ and Ratios — Ron Homann

Using the ‘Standards’ in an Accounting Firm — Ben Romine

Using the ‘Standards’ with Producers and Lenders to Analyze Operations – Todd Doehring

Filed Under: Conferences, News

FFSC Elects New Leadership

August 16, 2012 by David Leave a Comment

Kent Meister, a field staff member of Pioneer FBFM in Bloomington, IL., was elected to serve as the president of the Farm Financial Standards Council when the group held its annual meeting and conference. He succeeds Kathy Rancour, accounting manager for Christiansen Land and Cattle Company, based in Kimball, SD, who will now serve as immediate past-president on the organization’s Executive Committee.

Prior to assuming the top leadership position with the Council, Meister had served as the group’s vice president and secretary/treasurer.

Elected to new vice president status is Jim Kelm, principle at Kelm Consulting, Red Wing, MN. Kelm had previously served as the organization’s secretary/treasurer. He will succeed Meister at the group’s meeting in Bloomington, MN in 2013.

Elected to serve as secretary/treasurer is Barbara Wheeling, Associate Dean of Business at Emporia State University, Emporia, KS. She has previously served on the Council’s Board of Directors.

Newly elected to the organization’s board of directors is Paul Neiffer, a partner with CliftonLarsonAllen in Yakima, WA.

Board members elected to continue terms are: Alan Miller, NAFBAS, West Lafayette, IN; Phyllis Parks, Daughhetee & Parks Management Consulting, Danville, IL; Jeff Bushey, Nietzke & Faupel, PC., Pigeon, MI; Everett Chambers, Kalmika Consulting, Tomah, WI; Todd Doehring, Centrec Consulting, Savoy, IL; Dr. Paul Gorman, ElCel Solutions, Inc., North Mankato, MN; Scotty Elston, AgTexas Farm Credit System, Lubbock, TX; Daryl Pohlman, AgriSolutions, Brighton, IL; and, Tom Murphy, T. Murphy Associates, Western, NE.

The Farm Financial Standards Council is a non-profit organization consisting of professionals representing producer groups, banking, the Farm Credit System, accounting, insurance companies, academics and others involved with agricultural production and finance.

Filed Under: News

Pricing Drought-Damaged Silage

July 27, 2012 by David Leave a Comment

Iowa State University Extension has good information on how farmers can deal with corn that’s badly damaged by drought.

Extension Economist William Edwards says it’s important to have damaged acres viewed by an adjustor and released by the insurance company before harvesting takes place. Edwards also points to another resource: an article titled Alternatives for Drought-damaged Corn — Grain Crop or Forage.

Filed Under: News Tagged With: Iowa State University

Murphy Says Drought Claims Will Be Covered

July 27, 2012 by David Leave a Comment

Bill Murphy, administrator of the USDA Risk Management Agency, tells Brownfield Ag News that his agency has plenty of money on hand to handle the massive drought losses this year.

“Probably the most surprising to me is some of these soybean fields that got in early,” said Murphy. “From the road, they’re about thigh-high, dark green, and you’re thinking, man, that’s got to have a great crop in it. And you get up close and look at it and it’s three or four pods and it’s starting to shed pods. So it’s just incredible. I don’t think I’ve ever seen damage…the breadth that we’re seeing this year; it’s really something.”

You can listen to the full interview with Murphy here.

Filed Under: News Tagged With: Bill Murphy, Brownfield

Illinois Land Values Report Available

July 12, 2012 by David Leave a Comment

Every year, the Illinois Society of Professional Farm Managers and Rural Appraisers puts together a comprehensive report on farmland values in that state. Their 2012 report is out, and available for download. You can read more about it here.

Filed Under: News

2012 Conference Agenda

June 6, 2012 by David Leave a Comment

The 2012 Conference is scheduled for July 31 through August 2 in Bloomington, Illinois. This conference is approved for 6.0 Illinois Public Accounting Continuing Education Credits.
[Read more…]

Filed Under: Conferences, News

2012 Annual Meeting Overview

June 1, 2012 by David Leave a Comment

The FFSC meets annually to provide a forum on the application of the financial and management accounting standards and issues relevant to Agriculture. Producers, educators, consultants, accountants, government representatives and banking professionals participate in the program of our summer symposium, both as presenters and observers. The annual session also provides an excellent environment for networking with others that are involved in Ag Management. CPE credits are available for those attending.

Our 2012 meeting will be held July 31 through August 2 at Parke Hotel and Conference Center in Bloomington, Illinois.

Filed Under: Conferences, News

2011 Annual Meeting Roundup

June 1, 2011 by David Leave a Comment

2011 Meeting

Meeting Highlights (PDF 8 MB)

Presentations

Hot Tax Topics for Producers (PowerPoint)
Paul Neiffer, CPA
Larson Allen, LLP

Peer Advisory Groups and Continuous Management Improvement (PowerPoint)
Danny Klinefelter
Texas AgriLife Extension and Texas A&M University

Successful Farming: Ag Megatrends (PowerPoint)
Dan Looker
Business Editor

FFSC President’s Report (PowerPoint)

Filed Under: Conferences, News

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