In recent weeks, we have learned of an uptick in fraud cases for businesses who have applied for Paycheck Protection Program (PPP) funds for coronavirus
It has been the talk of the Ag sector throughout the last few weeks: expectations for another round of Coronavirus Food Assistance Program (CFAP) for
In a rather atypical fashion, the USDA published a Final Rule for Payment Limitation and Payment Eligibility on August 24, 2020. The rule states that
While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the Economic Disruption caused by the COVID-19 pandemic has
I look out my window in Eastern Iowa and see uprooted oak trees that once stood as guardians of our neighborhood. A displaced street light
For a summary of the January 15, 2021 USDA updates click here. On August 11, 2020, the U.S. Department of Agriculture (USDA) extended and expanded
July 1, 2020 – K·Coe Isom, the nation’s leading accounting and consulting firm for food and ag businesses, announced today the founding of an agriculture-focused
Update 5/21: CFAP Relief Update & Good News for Exporters: The Form CCC-942 that was released this week to certify 75% of Adjusted Gross Income
Earlier in April, the Small Business Administration (SBA) and Department of Treasury addressed whether businesses should include any non-U.S. laborers in their employee count applicable
Update May 4, 2020: SBA is now accepting COVID-19 Economic Injury Disaster Loan and Advance applications for agricultural small businesses on a limited basis. Click
(Washington, D.C., April 17, 2020) – U.S. Secretary of Agriculture Sonny Perdue today announced the Coronavirus Food Assistance Program (CFAP). This new U.S. Department of
Special note: K·Coe Isom is working to convince SBA to open this program to agricultural businesses. We have joined forces with 30 agriculture organizations and
April 21st Update: Just announced: Senate passes bill allowing small ag businesses relief through disaster loan eligibility. Following a close analysis of the CARES
By Jeanne Bernick Farm business owners don’t have the luxury of putting their heads in the sand during a crisis. They have the health and
With the recent disruptions locally and globally from COVID-19 and other events, ag businesses should be monitoring their cash flow needs closely for the 2020
While President Trump has declared a National Emergency on the federal level in response to COVID-19, it is dependent upon the Governor of each affected
USDA Secretary Perdue called the January 15, 2020 China Trade Agreement a “bonanza” for U.S. ag, but it could be a while before farmers reap
Are you taking advantage of every potential opportunity through USDA programs? Deadlines are right around the corner. Final Opportunity – Sign Up for Conservation Reserve
While your advisor handles the complex details and tax structure of your ag business, there are certain changes regarding Section 199A that have happened that
What a whirlwind start to the New Year for businesses in regard to their environmental impacts, as recent events have created questions surrounding what’s in
With an honest viewpoint heading into 2020, there is no sharp improvement or further downturn ahead. Many farmers deem ‘selling land’ as unthinkable. K·Coe’s ag
Now is the time to take a good look at where your operation stands, to determine the financial health path you should take for 2020.
“Joining forces with another farm can increase efficiencies or offer opportunities of scale,” advises Maxson Irsik of K·Coe Isom. The Benefits of Mergers, Joint Ventures
By Jeanne Bernick, Principal and Growth Leader, K·Coe Isom Back in 2010, a report established that a high level of ‘social sensitivity’ – a trait
Typically, we think of the importance of tax tips and planning when things are going very well for the industry because it equates to higher
For many agribusinesses, it’s almost time to close the books on 2019 and start planning for next year. We often advise clients on the importance
“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney Every business faces its share of challenges.
Becoming a victim of a cyberattack in the United States today is increasing in probability. Network breaches have increased 67%, while ransomware attacks have increased
Details of the $16 billion support package for farmers were released today by the U.S. Department of Agriculture: USDA Press Release. K·Coe Isom’s Farm Program
With the added macroeconomic and environmental challenges farmers are faced with today, landowners, ag lenders, and crop insurers are turning their attention on conservation practices
With most farmers or ranchers spending an average of 50 years or more on their farms – where land is both a lifestyle and legacy
By Thomas Eatherly Midwest agriculture has had to rewrite the book for making smart crop decisions this year. Weather has prompted delivery, logistics, and storage
If you’re still using Excel and other software programs to track crop rotation and inputs, but are struggling to tally the full costs involved in
Today’s ag environment shows commodity prices are below break-even for some operators, while barely budging the break-even level for others. Economists have referred to this
Agriculture is steadily adopting the use of blockchain technology to improve sustainability by enabling the entire food supply chain – growers, processors, manufacturers, retailers and
When it comes to protecting what matters most for the long term – assuring a legacy, enriching a nest egg – business owners need to
6 Signs a Business is in Survival Mode: 1. Everything has become urgent, and you feel like your back is up against the wall. 2.
With the way 2019 has started, no one is expecting it to be an easy year for cash flow. We are hearing from many agribusinesses
The number one concern of the nearly 100 agribusinesses surveyed by AgCareers.com is the competitive pull for workforce talent and difficulties in recruiting. Over 53
Billions of dollars in damages. Lives lost. We are just one-quarter of the way through 2019, and the wake of natural disasters throughout the Midwest
The IRS has agreed to last-minute relief for farmers by extending their tax payment filing due date to April 15, 2019 – and withdrawing the
Over the years, many of you have adopted farm technology that’s revolutionizing agriculture. Maybe you’ve added a GPS-guided tractor or a self-propelled sprayer to your
As a business owner or high-level manager, you have the enormous power to effect change in behavior patterns – for both the individuals and groups
The U.S. Department of Agriculture (USDA) has established the procedures required to provide direct payments to growers to help offset some damage imposed by retaliatory
“Prepare for the process – and bolster your loan chances — by developing a good understanding of key elements used by lenders to assess your
Most agribusinesses participate in board meetings during the year to assess operations and make decisions about their business. Board meetings are an essential part of
Following the long-awaited “final” regulations released by the IRS late on Friday, January 18, some in the Ag industry appreciated the additional clarity, while others
Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States
The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of
While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known
Following the long-awaited passage of the Agriculture Improvement Act of 2018 (commonly known as the 2018 New Farm Bill), the $867 billion-dollar bill has set
Every little bit helps in agriculture today. Margins are so tight that anything you can do to gain a little ground is almost mandatory. In
By now, people around the globe know it’s been a particularly tough year for U.S. agriculture. Don’t think for a second that your banker isn’t
FASB’s Accounting Standards Update (ASU) 2018-11 offers relief cost savings for entities adopting the new leasing standard ASC 842. The update offers companies practical expedients
Following the authorization of the second MFP payments, here are a few key points that growers should keep top of mind for operational and financial
Weak commodity prices and an international trade war have inflicted pain on American agriculture – at a time when U.S. farmers, ranchers and agribusinesses can
Your land is the foundation on which you – and your family – have built your legacy. And what you hope will become your children’s
The end of the year is a smart time to prepare your farm business for the coming year. Crops have been harvested and stored. You’re
K·Coe Isom is expanding deeper into the Midwest with its announcement of a new office location in Indianapolis, Indiana. The move makes room for further
Many farmers and ranchers stand to benefit from tax law changes brought about by 2017’s Tax Cuts and Jobs Act (TCJA). Numerous changes have been
It’s not too late – if you haven’t yet scheduled a strategic agribusinesses tax planning meeting with a tax advisor, there are some very good
With an increasing number of technology providers offering their services to growers with the aim of solving very specific problems or offering service in a
Following the monumental tax reform passed last December, the 2018 tax year will provide significant changes for flow-through entities and individuals. While many of these
As the 2018 season ends, growers, agronomists, and financial advisors start to analyze this year’s results in order to prepare budgets and plans for next
The flashy headlines around the lower tax rates as part of the new tax code are not always cut-and-dry, and businesses need to take a
The Southeast is bracing once again for what’s shaping up to be another season of natural disasters. With the recent tornadoes in Nashville farmers are
Recent national cybercrime headlines: “Cybercriminals Obtain Employee Credentials to Conduct Payroll Diversion” “Business Email Compromises Business Data” “Increase in W-2 Phishing Campaigns” Imagine if you
As the 2017 tax reform has made extensive changes affecting your income tax returns in 2018, we wanted to take a moment to: explain how
In an age of skilled labor shortages and tight profit margins, the expenditure on HR Outsourcing might not be top of mind for many companies.
The U.S. Department of Agriculture has established the procedures required to provide direct tariff relief payments to growers to help offset some damage imposed by
The proposed Water Infrastructure Act will add flexibility for reservoir, irrigation, and water companies to generate essential revenue to invest in infrastructure. The bill reforms
Many farmers haven’t ever stopped to think about the potential in revenue opportunities that lie right beneath them: land. “Your privately-owned land has value well
As the nation watches the ongoing punch from Hurricane Florence (now a tropical storm) as it has been dumping rain for days and causing catastrophic
Following the recently proposed Section 199A regulations in August, we have been fielding questions from farmers regarding common ownership and how section 199A (20% of
According to the official press release, USDA’s Agricultural Marketing Service (AMS) will administer the Food Purchase and Distribution Program to purchase up to $1.2 billion
As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been
The United States has instigated an aggressive global trade war that is escalating and directly harming many U.S. agricultural producers by driving up the costs
(June 19, 2018) Loveland, Co. – K·Coe Isom and Agworld have joined together to provide a farm management system that will allow farmers to make
With today’s announcement of the Trump Administration’s approval to enact a 25 percent tariff on $50 billion of Chinese goods (approximately 1,300 products), China has
The Sustainability Consortium Summit (TSC), recently held in Chicago, gathered a unique audience to discuss progress and new solutions to evaluate sustainability across diverse consumer
The Senate Agriculture Committee is moving forward with the 2018 Farm Bill Revival in a reportedly ‘bipartisan’ fashion and has released its draft of the
We all know that we didn’t pick the path of least resistance by choosing to be in the ethanol industry. This is an industry that
The recent position of the U.S. at the G7 meeting appears sends the message that the government is taking a hard line on steel/aluminum tariffs.
First U.S. Beef Producers Sustainability Framework Released In May 2018, the U.S. Roundtable for Sustainable Beef (USRSB), released the U.S. beef industry’s first-ever beef producers
Expansion of 45Q Tax Credit Could Fuel Ethanol Industry Innovations in Carbon Dioxide In February 2018, Congress approved the most significant pro-carbon capture and storage
Exemption for Your Estate Plan is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning:
Thinking Outside the Box Helps Agribusinesses Spend Less by Cutting Costs It’s a no-brainer that farms and ranches are best served by exploring ways at
As a result of the tax reform and code revisions passed in December, many businesses have attained increased financial benefits and lessened tax burden by
Will the Farm Bill Pass in the House? In a continued effort to secure support for the farm bill, set to expire in September, House
As a result of the tax code revisions passed in December, many businesses have attained increased financial benefits and lessened tax burden by employing new
Use slow periods to improve Feedlot Inventory Management A feedyard has many moving parts. Among the lowest-hanging fruit in operational revenue loss is inventory control.
K·Coe Isom’s subsidiary K·Coe Wealth has entered into a joint venture with HBK CPA’s affiliate HBKS Wealth Advisors. The partnership, a mutually-beneficial combination of specialized
Whether you’re growing crops or raising livestock, having adequate land is essential. But what’s the best way to acquire the land your operation needs: buying
Is a C Corp Conversion Right for S Corps? Now that the law has been established for 2018 and beyond, S corporation clients are asking
With 2018 just weeks away, there has been much discussion surrounding bitcoin’s potential impact, and the high hopes of blockchain technology for boosting efficiency and
All aspects of agriculture, including manufacturers, are under scrutiny as consumers focus on how we create the products in our food supply chain. While sustainability
Thousands in the agriculture industry have heard economist Dr. David Kohl speak on trends in agriculture over the years. But in case you missed it,
In this article, we look at the tax implications of buying or selling a farm and explore how different entity types and transaction structures (asset
Several emerging news issues will have significant impact for agriculture manufacturing companies in the coming months. Make sure you are prepared. It’s an Election Year—Anything
