Travis Lank advances row-crop farmers’ operational success throughout the Corn Belt. His agribusiness practice includes tax consulting and planning, financial statements, and day-to-day business advice. Travis has a knack for quickly grasping a producer’s financial story. With that story in mind, he identifies financial tools to benefit the farmer and facilitates improving their overall financial picture, often collaborating with multiple people throughout KCoe Isom. He often helps producers, who are new to working with KCoe Isom, as they get acquainted with the firm and all set up to receive ongoing services. He meets with them to strategize, develop goals, and build processes that create the farm business they dream of having. Recent accomplishments include:
- Increasing net worth by $20,000, leveraging knowledge related to farm-income averaging for a producer with $700,000 in taxable income.
- Helping a farmer with $17 million net worth (and a projected net worth in 10 years of $30.5 million) preserve at least $4.5 of that wealth to transfer to heirs.
- Increasing potential cash flow by $4 million for a 4,000-acre family farm in the Corn Belt through entity restructuring.
- Increasing cash flow for a producer with $8 million in land value by requalifying the operation for farm-program payments, and increasing their applicable farm-program payment limits.
Growing up on a farm and working summers as a farm hand for a neighbor, Travis Lank learned first-hand the challenges farmers face and he takes them to heart. He applies that knowledge and care every day, identifying risks and opportunities, and exploring tax management alternatives for easier and more informed business decision making. Travis joined the firm right out of school, earning his promotion to manager in 2013.