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Recent Insights
Noteworthy Changes within the New Farm Bill
Reading Time: 4 minutes 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 federal agricultural policy for five years. Overall, it continues much of the policies authorized in the 2014 Farm Bill, with no major changes. While there …
3 Ways to Spend Less on Farm Inputs
Reading Time: 2 minutes 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 this price environment, there nothing wrong with only getting to second base. Here are three ways to trim farm inputs and overhead expenses to help …
Improving Lending Chances & Truths about Alternative Lending
Reading Time: < 1 minute 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 among them. Lenders have been vigilant in monitoring the eroding profit margins for many agribusinesses, and if you’re not trying to improve your borrowing position …
Read moreImproving Lending Chances & Truths about Alternative Lending
New Guidance for Leasing Standard Implementation
Reading Time: < 1 minute 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 in applying the new lease standard. A few key highlights of the update include: Transition Relief – a new (and optional) transition method allows entities …
2018 — A Year of Change and Constancy
Reading Time: 3 minutes Owning and operating a bank is more costly than ever. As 2018 nears its close, it’s important to reflect on all that has happened, as it’s certainly been an interesting year for banking. We witnessed lots of changes and plenty of forward momentum in a number of areas. Mergers and …
Are You Financing OREO Property?
Reading Time: 3 minutes Beginning in 2019, with the issuance of Accounting Standards Update 2014-09, community banks will have to change the way they account for seller financing of Other Real Estate Owned (OREO property). This supersedes the current methods used under Accounting Standards Codification (ASC) 360-20, the long-standing Statement of Financial Accounting Standards …
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