Pinion Insights: Posts from category

Animal Ag

Deadline Reminder: Livestock Insurance Deadline Approaching

By Pinion Editorial | May 14, 2024
, , ,
Reading Time: 2 minutes
The USDA Risk Management Agency offers two popular federally subsidized livestock insurance programs: Livestock Risk Protection (LRP) and Dairy Revenue Protection (DRP). The deadline for transferring these programs is June 30. If you are unsatisfied with your current coverage or risk management advice related to DRP or LRP, now is …

Read moreDeadline Reminder: Livestock Insurance Deadline Approaching

5 Signs You’ve Outgrown Your Accounting System

By Pinion Editorial | May 12, 2024
, , , , , , ,
Reading Time: 3 minutes
Is your accounting system holding your business back? Maybe you’re so busy running the business that sorting through scattered financials seems more of a headache than it’s worth. Or maybe you’ve tried making changes and were met with responses like, “If it isn’t broke, don’t fix it”, or “We’ve always …

Read more5 Signs You’ve Outgrown Your Accounting System

Use It or Lose It: Lock in Estate Tax Advantages Now

By Pinion Editorial | May 7, 2024
, , , , , , ,
Reading Time: 3 minutes
The estate tax exemption doesn’t sunset until the end of 2025. So why worry about it now?   Unfortunately, this historically high estate and gift tax exemption offers a short window of opportunity, and it may be closing soon. If you want to preserve more of your wealth, it’s important to …

Read moreUse It or Lose It: Lock in Estate Tax Advantages Now

Co-ops Can Increase Employee Retention with These 6 Steps

By Pinion Editorial | April 22, 2024
, , , , , ,
Reading Time: 4 minutes
In recent years, securing new employees has been an overwhelming concern for businesses, with several reasons contributing to the shortage of job seekers. The pandemic has accelerated a shift to non-traditional work structures, and while companies offering remote positions have been receiving a steady stream of applicants, employers with traditional …

Read moreCo-ops Can Increase Employee Retention with These 6 Steps

Navigating High Interest Rates in 2024

By Pinion Editorial | February 23, 2024
, , , , , , ,
Reading Time: 3 minutes
After nearly two years of rising interest rates, many farmers are tapping into their cash reserves from prosperous years to avoid taking out new loans. The Federal Reserve Bank of Kansas City reports that lending has softened with the amount of farm operating loans over $1 million dropping notably and …

Read moreNavigating High Interest Rates in 2024

Farmland Project Success is Controllable

By Pinion Editorial | February 8, 2024
, , , ,
Reading Time: 2 minutes
When a piece of farm equipment breaks down, chances are slim to none that you take it to a general repair shop. If you can’t fix it in your own shop, you’re likely hauling it straight to a MacAllister’s or John Deere – somewhere with the equipment, knowledge and specific …

Read moreFarmland Project Success is Controllable

checklist

Financial Checklist for Ag Operations

By Pinion Editorial | December 15, 2023
, , , , , ,
Reading Time: 3 minutes
The beginning of the year is a great time to perform an overall financial check for your business. “We recommend that farm operations do this annually,” says principal Brad Palen of Pinion. “Not only does it provide you with a clearer picture of your business’ progress for the year, but it can …

Read moreFinancial Checklist for Ag Operations

grain elevator, farm co-op

5 Things Every Co-op Should Do Before Year End

By Pinion Editorial | October 16, 2023
, , , , ,
Reading Time: 3 minutes
As the calendar year draws to a close, many farm co-ops are also approaching their fiscal year-ends. As a co-op CEO, now is a good time to ensure you’ve taken all the necessary steps and checked all the boxes to prepare for the next year. “We anticipate that 2024 will …

Read more5 Things Every Co-op Should Do Before Year End

Categories