Pinion Insights: Posts from category

Farm Business Management

Co-ops Can Increase Employee Retention with These 6 Steps

By Pinion Editorial | April 22, 2024
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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 …

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Navigating High Interest Rates in 2024

By Pinion Editorial | February 23, 2024
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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 …

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Amazon + Whole Foods = Pricing Adjustments?

What Kind of Farm Co-op Do You Want to Be?

By Pinion Editorial | February 8, 2024
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Reading Time: 3 minutes
Farmers need three key things for their business: the best price, the best quality, and the best service. All of these come at a cost to an Ag cooperative, and it can be especially challenging to maintain a strong margin to stay profitable and able to serve your customers in …

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Newly Proposed 2023 Tax Deductions: Money in your Pocket… If Passed

By Pinion Editorial | January 18, 2024
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Reading Time: 3 minutes
Congress has drafted new tax legislation that is shaping up well amongst both the House and Senate Committee leaders.  The $78 billion tax agreement, introduced as The Tax Relief for American Families and Workers Act of 2024, includes pending rule changes that result in business owners seeing an increase in …

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checklist

Financial Checklist for Ag Operations

By Pinion Editorial | December 15, 2023
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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 …

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grain elevator, farm co-op

5 Things Every Co-op Should Do Before Year End

By Pinion Editorial | October 16, 2023
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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 …

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3 Ways to Protect Longevity of Land in Renewable Deals

By Pinion Editorial | September 10, 2023
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Reading Time: 4 minutes
Across the country, landowners are seeing new cash crops emerge in the form of wind, solar and other farm easements. Renewable energy opportunities can add additional revenue streams and diversify income for farmers, ranchers, and landowners. However, many are concerned about how these projects will impact their land and drainage …

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Manage Your Top 3 Farm Risks

By Pinion Editorial | August 29, 2023
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Reading Time: 2 minutes
Farming is a risky business. With changing policies, weather events, global dynamics, and other factors beyond a farmer’s control, it feels less and less predictable each year. While market volatility has been part of agriculture for decades, today’s commodity prices react even more quickly to the influences of a world …

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