Pinion Insights: Posts from category

Agriculture

FinCEN Reporting Deadline Alert: What Every Business Needs to Know

By Pinion Editorial | October 3, 2023
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Reading Time: 2 minutes
Beginning January 1, 2024, the Corporate Transparency Act requires all U.S.-based entities to report to the Financial Crimes Enforcement Network (FinCEN) detailed information about the entity and its key stakeholders – called “beneficial owners.” Any business with any legal entity (including single-member LLCs with minimal activity) will be impacted.  Small …

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The Flip Side of Estate Planning: Why Many Don’t Bother

By Pinion Editorial | September 26, 2023
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Reading Time: 3 minutes
6 in 10 Americans have a retirement account, while only 1 in 3 have an estate plan. While the majority of Americans see the importance of retirement planning, most neglect estate planning.  The most common reason for avoiding a will, trust or estate plan?  Procrastination. Todd Stanley, a wheat and …

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ag peer groups

4 Ways Ag Peer Groups Help Producers

By Pinion Editorial | September 15, 2023
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Reading Time: 2 minutes
Running a successful farm in a small town can be isolating, and constantly improving and expanding your business is challenging. That’s where peer group can help. “Peer groups provide the opportunity to learn from and with producers in similar situations,” says Davon Cook, Pinion peer group advisor. “Even after 10+ …

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How Automating Your Farm Office Creates Competitive Advantages

By Pinion Editorial | August 22, 2023
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Reading Time: 2 minutes
As a farm manager, you’ve invested in high-tech field equipment like GPS tractor systems, efficient irrigation systems and automated milking parlors to make your life easier. But what about your farm office? In the ag industry, the back office is largely overlooked. But the farm office has huge opportunities and …

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How the Holidays Can Shape Your Family Legacy

The Risks of Letting Your Legacy Ride: How Estate Planning Protects the Family

By Pinion Editorial | March 3, 2023
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Reading Time: 3 minutes
Ask any successful family business leader “What is your most important accomplishment?”  The overwhelming response is: ‘my legacy’.  And yet, only one in six have an estate plan.  Why work so hard to build a legacy, but do nothing to protect it?     “One of the most important things you …

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Updates on GHG Protocol Land Sector and Removal Guidance Draft

By Pinion Editorial | February 23, 2023
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Reading Time: 3 minutes
The Greenhouse Gas Protocol (GHG Protocol) is the leading international standard setting body for GHG accounting and reporting. In September of 2022, the GHG Protocol released the Land Sector and Removals Guidance draft. While this guidance will not be finalized until late 2023, there are key details to understand now. The …

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How Producers Play a Role in 2030 Biodiversity Targets

By Pinion Editorial | February 22, 2023
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Reading Time: 2 minutes
In December 2022, the 15th Conference of the Parties (COP15) to the United Nations Convention on Biological Diversity was held in Montréal with a focus on protecting nature and halting biodiversity loss around the world. As a result, delegates agreed to the landmark Kunming-Montréal Global Biodiversity Framework. Targets and Goals In …

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