Farming is still a “lifestyle” to many. We understand that. Both Bryan and Everett, and many others on our team grew up on/around farms and in the farming community. So it is natural that as CPA’s we appreciate and value our Agricultural clients.
Farming is also a business; in some cases a really big business. Asset heavy, commodity-based, weather reliant and often risky. Big dollars to lose, and sometimes only small dollars to gain.
So let me ask you a question. Are you?
1. a farmer
2. a businessperson
If you chose #1, it’s much more likely that you’re in it just for the lifestyle. And that’s okay!
It’s okay as long as you understand that your accountant may not see you the same as someone who chose 2 or 3. Why? Because you’re not “in business.”
Our training and years of experience tells us that hobbies rarely make any money, and as a result don’t yield the same financial results as a business. If you farm simply for the lifestyle, there are things that we will want to help you with that you likely don’t care about.
For example, we can help you calculate the cost per acre/hectare to grow that canola crop. A businessperson would want to know that because they would use it in their rotation decisions, or would look at ways to bring the cost down so their margins are higher. If it’s just a lifestyle, the cost/acre likely doesn’t matter as long as you don’t run out of money….by then it’s too late to worry about.
We help farmers, but it’s harder because we want to help you succeed at the business of farming and that doesn’t always align with what you want.
If you chose 2 or 3, you have an increased chance to not just get along with your accountant but you may even actually find value in the work they do. Why? Because entrepreneurs (yes there are many in agribusiness) and business-owners should see their accountant as an integral part of the financial landscape.
When you are in business, many (though not all) things come down to numbers. Cashflow, profit, growth, asset protection, tax minimization, succession planning; they all include a numbers piece.
Your accountant wants to be involved in those numbers – they really do! Many times, they just don’t know how to say it and you don’t know how to let them.
That’s why we created AgriCulture.
Our relational model focuses heavily on who you are and the agri-business you are in. Our Total Care process ensures that you get maximum value from our team all year long. Not just once a year, not just “tax time,” but you’re a part of our family every day.
As part of our family, we are on the lookout for ways to make you better. That often includes some difficult conversations about your business, your goals, your strategy and your issues.
Looking to work with an accounting team that sees agri-business this way? We’re ready.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.