Agriculture Conference 2018

Jul 16, 2018 ‐ Jul 18, 2018


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.

Packages Display Packages

This includes sessions from the conference: Agriculture Conference 2018

Sessions Included:

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)

Morning Announcements and Introduction & Cannabis Industry Appraisals: Lessons Learned from Colorado (Jul 18, 2018 08:00 AM)

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)

Standard: $299.00

Sessions

Farm Tax RefresherFarm Tax Refresher

Preview Available

Farm Tax Refresher

Jul 16, 2018 8:00am ‐ Jul 16, 2018 11:10am

Identification: AG18101

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: 

  • Recognize unique planning opportunities to defer income 
  • Apply tax planning techniques to target taxable income by prepaying expenses, claiming bonus depreciation and Section 179, and by using other advanced deferral and acceleration techniques.

Speaker(s):
  • Roger McEowen, JD, Kansas Farm Bureau Professor of Agricultural Law and Taxation, Washburn University School of Law
  • Paul Neiffer, CPA, Principal, CliftonLarsonAllen LLP
  • Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP
Standard: $79.00

Welcome and Introduction & New Farm Bill

Jul 16, 2018 1:00pm ‐ Jul 16, 2018 2:25pm

Identification: AG1801

A look at some key features and timing for the new farm bill

Speaker(s):
Standard: $49.00

Navigating the Push-Pull Farm Economy

Jul 16, 2018 2:50pm ‐ Jul 16, 2018 4:05pm

Identification: AG1802

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.

  • Audience members will gain a better insight into the financial pressures faced by producers. 
  • The accounting profession will gain insight into how they can assist their customers during this period of economic difficulty. 
  • Moving from a strict service provider to a solutions provider will be encouraged. 
  • Information about the state of the next Farm Bill will be provided.

Speaker(s):
Standard: $49.00

What is Happening in Washington

Jul 16, 2018 4:10pm ‐ Jul 16, 2018 5:25pm

Identification: AG1803

Federal tax legislative update

  • Understand political,procedural, budgetary, economic, and other factors affecting US tax policy.

Speaker(s):
Standard: $49.00

Commodity UpdateCommodity Update

Preview Available

Commodity Update

Jul 17, 2018 7:00am ‐ Jul 17, 2018 7:50am

Identification: AG18S1

How to help your clients manage price risk

  • Educating accountants on proper use of commodity options

Speaker(s):
  • Mark Gold, Managing Partner, TopThird Ag Marketing
Standard: $49.00

Welcome and Introduction & Wine, Nut and Fruit Industry Update

Jul 17, 2018 8:00am ‐ Jul 17, 2018 9:25am

Identification: AG1804

Providing an update on new tax laws and the impact on the agriculture industry

  • Ensure attendees understand new key tax laws 
  • Identify tax matters that need to be analyzed further for each taxpayer

Speaker(s):
Standard: $49.00

Financial Distress Tax IssuesFinancial Distress Tax Issues

Preview Available

Financial Distress Tax Issues

Jul 17, 2018 9:30am ‐ Jul 17, 2018 10:20am

Identification: AG1805

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:

  • Identify tax issues unique to clients that are in financial distress
  • Apply tax planning opportunities to avoid additional tax problems for such clients

Speaker(s):
  • Roger McEowen, JD, Kansas Farm Bureau Professor of Agricultural Law and Taxation, Washburn University School of Law
Standard: $49.00

Entity Structuring Post-2017Entity Structuring Post-2017

Preview Available

Entity Structuring Post-2017

Jul 17, 2018 9:30am ‐ Jul 17, 2018 10:20am

Identification: AG1806

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: 

  • Understand and compare the taxation of C corporation and non-C corporation farming activities 
  • Recognize the nuances associated with entity structuring, such as the deductibility of state income taxes, the effect of nondeductible expenses and limitations associated with the Section 199A deduction.

Speaker(s):
Standard: $49.00

Agriculture Under the Tax Cuts and Jobs Act

Jul 17, 2018 10:45am ‐ Jul 17, 2018 12:00pm

Identification: AG1807

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: 

  • Gained an appreciation for the complexity of the Section 199A deduction for qualified business income, including the many limitations that reduce its effectiveness. 
  • Understand which farmers and producers are not subject to preproductive cost capitalization, interest deduction limitations and wage restrictions on the deductibility of expenses.

Speaker(s):
Standard: $49.00

How to Benchmark Ag DataHow to Benchmark Ag Data

Preview Available

How to Benchmark Ag Data

Jul 17, 2018 1:00pm ‐ Jul 17, 2018 2:15pm

Identification: AG1808

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.

  • Understand the value of financial benchmarking for agricultural operations.
  • Understand some of the challenges of financial benchmarking.
  • Recognize the variability in producer performance and understand some of the factors that contribute to it.

Speaker(s):
  • Robert H. Craven, Director, Center for Farm Financial Mgmt, University of Minnesota
Standard: $49.00
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