The AICPA Agriculture Conference is the must-attend event for CPAs working in all segments of the agricultural industry. Conference sessions highlight the latest industry issues, economic trends, and techniques. Leading agriculture experts will provide you with the information you need to grow your agriculture client base and your business.
And, with another year of low prices for your agriculture clients, you will have the opportunity and the responsibility to help them right-size, refinance and repay to ensure business longevity. The AICPA Agriculture Conference will help round out the full scope of management and advisory knowledge essential to guiding your clients. Here’s what you can look forward to.
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This includes sessions from the conference: Agriculture Conference 2018
Welcome and Introduction & New Farm Bill (Jul 16, 2018 01:00 PM)
Navigating the Push-Pull Farm Economy (Jul 16, 2018 02:50 PM)
What is Happening in Washington (Jul 16, 2018 04:10 PM)
Commodity Update (Jul 17, 2018 07:00 AM)
Welcome and Introduction & Wine, Nut and Fruit Industry Update (Jul 17, 2018 08:00 AM)
Financial Distress Tax Issues (Jul 17, 2018 09:30 AM)
Entity Structuring Post-2017 (Jul 17, 2018 09:30 AM)
Agriculture Under the Tax Cuts and Jobs Act (Jul 17, 2018 10:45 AM)
How to Benchmark Ag Data (Jul 17, 2018 01:00 PM)
Ag GAAP Update (Jul 17, 2018 01:00 PM)
Ag Transportation Update (Jul 17, 2018 02:20 PM)
Risk Management Through Crop Insurance (Jul 17, 2018 02:20 PM)
Trends in Ag Software Panel (Jul 17, 2018 04:00 PM)
Ag Consolidation (Jul 17, 2018 04:55 PM)
FFSC (Farm Financial Standards Councils New Implementation Guide) (Jul 18, 2018 09:50 AM)
Succession Planning Tips and Traps (Jul 18, 2018 09:50 AM)
Ask the Experts (Jul 18, 2018 11:10 AM)
Come early to refresh your knowledge of farm tax accounting methods. This session discusses the unique methods of accounting available to farmers, including those presented to the U.S. House Agriculture Committee in testimony provided in April 2017.
By the end of this session, you should be able to:
A look at some key features and timing for the new farm billSpeaker(s):
The non-farm economy is humming along very well. A record stock market, near full employment, low inflation and low interest rates all contribute to a sense of optimism about 2018 and beyond. But the farm economy is a different story. This is the push-pull phase of the farm economy. Many producers are in great financial shape and want to push ahead with new expansion plans because they see great opportunities ahead. At the same time a smaller number of producers are struggling with high debt levels, low earnings, and declining equity. 2018 could be the most challenging year of the great farm economic correction.
Federal tax legislative update
How to help your clients manage price risk
Providing an update on new tax laws and the impact on the agriculture industry
In many sectors of the agricultural economy, the financial condition for producers remains difficult. This can present unique issues for tax practitioners. This session covers various tax issues associated with clients in financial distress. Form 982 attributes, insolvency, bankruptcy tax issues, and tax issues associated with the sale of farm/ranch assets will be addressed.
By the end of this session, you should be able to:
Attend this session to learn how agricultural enterprises might be structured to take advantage of the changing landscape under tax reform. Compare the results of the 21% tax on C corporations to the benefits of Section 199A, the qualified business income deduction.
By the end of this session, the attendee should be able to:
QBIA, wage limitation, excess business losses, interest expense limitations: where is the simplicity in the Tax Cuts and Jobs Act promised to us? Agricultural taxation is now more complex than ever. Attend this session for the most up-to-date information from the Vice-Chair of the AICPA Tax Executive Committee, who happens to be a national speaker on agricultural tax matters.
By the end of this session, the participant will have:
This session will discuss the value of financial benchmarking for agricultural operations. We will take a look at benchmark data from FINBIN, the largest public database in the country. Whole farm, crop and dairy performance will be reviewed. In addition, we will discuss some of the challenges in benchmarking financial information.