This session will provide an update on various items affecting farmer’s tax situation in 2024. It will review the final regulations under the SECURE Act and review some of the changes from SECURE Act 2.0. We will examine how to use a split-interest transaction to remove land trapped in a corporation. The session will also review other items affecting farmers taxes

Dive into the latest catchphrases driving regenerative agriculture and discover how agricultural policies and regulations impact these practices. Explore support mechanisms, barriers, and gaps to understand the balance between ecological health and farm profitability. 

Farm transitions are fraught with tax, legal and emotional challenges. In this session you will come away with five of the most important things families need to do to preserve their relationships and perpetuate their farm. These five things, if facilitated by you will deepen relationships and open new opportunities to serve these families. This session will teach you ways to serve families at the intersection of their financial and non-financial lives. 

Delve into the impact of global markets on local agribusinesses and how fluctuations in commodity prices influence farm profitability. Gain valuable insights into economic forecasts for key agricultural sectors, helping you prepare your clients for future challenges and opportunities. Additionally, discover how technology and innovation are reshaping the future of agribusiness, driving efficiency, and improving long-term sustainability. 

In this presentation we will discuss what a cooperative is, how the cooperative model works, and the financial benefits and considerations for the members that participate in a cooperative. 

This session will illustrate current accounting practices with evolving business arrangements, including revenue recognition, cost accounting, insurance recovery, along with application of recent accounting standards in the area of SAAS system implementations and income statement presentation.