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Recent Insights
Are You Financing OREO Property?
Reading Time: 3 minutesBeginning in 2019, with the issuance of Accounting Standards Update 2014-09, community banks will have to change the way they account for seller financing of Other Real Estate Owned (OREO property). This supersedes the current methods used under Accounting Standards Codification (ASC) 360-20, the long-standing Statement of Financial Accounting Standards …
GAAP Update: New Lease Standards will Affect Banks
Reading Time: 2 minutesUnderstanding the Impact on Balance Sheets & Borrowers You’ve probably already heard that FASB has updated the new lease standards, but what does the new standard mean for a bank? The effective date for non-public entities is December 15, 2019 (i.e., January 1, 2020). Early adoption is permitted. Banks will …
An Ounce of Prevention (or Inspection) will Alleviate Loan Fraud
Reading Time: < 1 minuteNow is not the time to waive, omit, or procrastinate solid credit practices – such as inspections, onsite verifications, or similar procedures. An ounce of prevention or inspection will alleviate loan fraud. The last few years have been challenging for all Ag producers. Challenging commodity prices, tariffs, weather, changing consumer …
Read moreAn Ounce of Prevention (or Inspection) will Alleviate Loan Fraud
What You Need to Know About Second MFP Payment
Reading Time: < 1 minuteFollowing the authorization of the second MFP payments, here are a few key points that growers should keep top of mind for operational and financial planning: As line of credit renewals are generally discussed with lenders now or within the next few months, producers should provide MFP documentation to the …
How to Combat Ag’s Downward Trends
Reading Time: 4 minutesWeak commodity prices and an international trade war have inflicted pain on American agriculture – at a time when U.S. farmers, ranchers and agribusinesses can least afford it. It may be hard to combat global economic trends, but you can shore up your operation’s finances. Follow these guidelines to help …
Your Land. Your Terms. Your Profits.
Reading Time: 3 minutesYour land is the foundation on which you – and your family – have built your legacy. And what you hope will become your children’s and grandchildren’s legacy. For many, it has been in the family for decades, if not more than a century. It is no wonder why the …
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