Month: October 2024

Tax Changes and Impacts on Your Manufacturing Business in 2025

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Reading Time: 4 minutes
As we wind down one tax season and prepare for the next, the importance of diligent tax planning cannot be overstated. Unless Congress acts, there will be higher tax rates and lower standard deductions in 2025.   For manufacturers, these changes could impact everything from production costs to investment in innovation. …

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Tax Planning for Agribusiness Ahead of 2025

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Reading Time: 3 minutes
As producers begin their annual reflection upon the past year and shift the focus into next year, planning considerations around tax and financial strategies become top of mind.  With the election ahead and many uncertainties around potential policy changes ahead – it’s important to stay focused on what can be …

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farm land in PA

Are You Missing Opportunities to Capitalize on Land Improvement Plans?

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Reading Time: 3 minutes
As a landowner, you know your property better than anyone else. You know what it takes to thrive, the challenges of each season and how all your practices feed into each other. You likely have a running list of capital improvements you intend to make each year – but do …

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Emergency Relief

Bracing for Natural Disasters – To Do’s and FAQs

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Reading Time: 5 minutes
What individual farmers can do to mitigate risk in the midst of crisis: 1. Have a farm emergency action plan in writing. “Most state departments of agriculture offer templates, and knowing who to contact in the event of an emergency is the most important part,” says Phil Newendyke, director of …

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How to Manage Forecasts and Cashflow in Today’s Market

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Reading Time: 3 minutes
Cash flow management and forecasting are, and will always be, integral elements to business success.  But the way manufacturers approach this is changing. Consumer buying decisions are changing, interest rates are changing, and the speed of this evolution is changing faster than ever. Especially in an election year, when trade …

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Natural Disasters

Resources for Producers…Before and After a Natural Disaster

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Reading Time: 2 minutes
The wake of natural disasters throughout the country has already had an unprecedented impact on producers. “This recent string of storms has created historic damage and devastation for many farming operations. Our clients and other producers are now contending with property and equipment damage, loss of feed supplies, animal illness …

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Check Fraud in the Digital Age: Steps to Safeguard Your Customers

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Reading Time: 2 minutes
It may come as a surprise, but checks – which many consider to be outdated – have become the payment type most vulnerable to fraud and are affecting most financial institutions and their customers. According to the Association of Financial Professionals, 65% of organizations surveyed have fallen victim to check fraud. …

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The “CAT” is out of the Bag

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Reading Time: 2 minutes
The Federal Financial Institutions Examination Council (FFIEC) recently made an announcement that they will stop making updates to the Cybersecurity Assessment Tool (CAT) and sunset the tool, effective August 31, 2025. The decision comes at a time when the cybersecurity landscape for financial institutions is rapidly evolving and receiving an …

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