Month: October 2023

Forecasting 2024: Ag Market’s Influence on Manufacturing and Distribution

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Reading Time: 3 minutes
Is the sky really falling? In periods of uncertainty with inflation, market ups and downs, a Farm Bill on the table and talks of recession, it can certainly feel like it is. To provide some insight for the year ahead, Pinion advisors share their perspective on the ag market and …

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craft brewer pouring beer

3 Ways Craft Brewers Can Navigate Industry Instability

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Reading Time: 3 minutes
This past July, the oldest craft brewery in the U.S. announced it will be closing its doors as a result of continually declining sales. This stirs several contemplations for surviving breweries: How can craft brewers navigate this rocky landscape amongst shifting consumer preferences? How can they stay competitive in a …

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How to Safeguard Your Institution Through Internal Controls

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Reading Time: 2 minutes
The primary purpose of internal controls is to safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws. All institutions large or small, private, or public, should have some …

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CECL Adoption: What Financial Institutions Should Know

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Reading Time: 2 minutes
Now that banks are completing their third call report for the 2023 calendar year, we want to share some valuable insights and lessons learned as adoption of ASU 2016-13 (Current & Expected Credit Losses/CECL), is well underway. We have had the privilege of addressing numerous questions from clients now that …

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grain elevator, farm co-op

5 Things Every Co-op Should Do Before Year End

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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 …

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FinCEN Reporting Deadline Alert: What Every Business Needs to Know

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Reading Time: 2 minutes
Beginning January 1, 2024, the Corporate Transparency Act requires all U.S.-based entities to report to the Financial Crimes Enforcement Network (FinCEN) detailed information about the entity and its key stakeholders – called “beneficial owners.” Any business with any legal entity (including single-member LLCs with minimal activity) will be impacted.  Small …

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