Pinion Insights: Posts from category

Farm Business Management

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

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

Amazon + Whole Foods = Pricing Adjustments?

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

By Pinion Editorial | February 8, 2024
, , , , ,
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 …

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

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

By Pinion Editorial | January 18, 2024
, , , , , , , , ,
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 …

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

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

3 Ways to Protect Longevity of Land in Renewable Deals

By Pinion Editorial | September 10, 2023
,
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 …

Read more3 Ways to Protect Longevity of Land in Renewable Deals

Categories