Pinion Insights: Posts from category

Food And Beverage

Newly Proposed 2023 Tax Deductions: Money in your Pocket… If Passed

By Pinion Editorial | January 18, 2024
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Reading Time: 3 minutes
Congress has drafted new tax legislation that is shaping up well amongst both the House and Senate Committee leaders.  The $78 billion tax agreement, introduced as The Tax Relief for American Families and Workers Act of 2024, includes pending rule changes that result in business owners seeing an increase in …

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Bakery production line with sweet cookies on conveyor belt in confectionery factory workshop, food production manufacturing

Sustainability Opportunities to Satisfy Grocery Commitments

By Pinion Editorial | January 9, 2024
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Reading Time: 3 minutes
The global food system is getting a green makeover. Domestically, grocery retail giants like Target and Kroger have set goals to reduce their greenhouse gas emissions, and they’re not stopping at their own doors. With roughly 90% of the carbon footprint coming from their supply chain in the form of …

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5 Common Barriers to the Grocery Store Market

By Pinion Editorial | December 20, 2023
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Reading Time: 2 minutes
The food industry is a highly competitive and dynamic sector that requires a deep understanding of consumer needs, market trends, and retail operations. Despite the potential for high returns, several barriers can hinder food producers and suppliers from successfully entering the grocery store market. “At this year’s International World Rice …

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checklist

Financial Checklist for Ag Operations

By Pinion Editorial | December 15, 2023
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Reading Time: 3 minutes
The beginning of the year is a great time to perform an overall financial check for your business. “We recommend that farm operations do this annually,” says principal Brad Palen of Pinion. “Not only does it provide you with a clearer picture of your business’ progress for the year, but it can …

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Decision 2024: Business Planning Ahead of an Election Year

By Pinion Editorial | November 30, 2023
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Reading Time: 4 minutes
The direction of future tax policies is intrinsically linked to the shifting dynamics of political power in the White House and Congress. With an election year just on the horizon, it is prudent to look at how 2024 electoral results may result in policy shifts that impact the agriculture sector …

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craft brewer pouring beer

3 Ways Craft Brewers Can Navigate Industry Instability

By Pinion Editorial | October 19, 2023
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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grain elevator, farm co-op

5 Things Every Co-op Should Do Before Year End

By Pinion Editorial | October 16, 2023
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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

By Pinion Editorial | October 3, 2023
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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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