Ag GAAP Update

Jul 17, 2018 12:00pm ‐ Jul 17, 2018 1:15pm

Identification: AG1809

Overview of recent changes to generally accepted accounting principles (GAAP) and their impact on the financial statements of agricultural producers.

1. Identify recent changes to generally accepted accounting principles (GAAP). 

2. Recognize the impact of recent GAAP changes to financial statements.


Ag Transportation Update

Jul 17, 2018 1:20pm ‐ Jul 17, 2018 2:35pm

Identification: AG1810

Update on NGFA's AG/transportation priorities.

  • Provide a lay of the policy/political land in Washington D.C. 
  • Impart NGFA's views and policies on the infrastructure system and how our members utilize it.

Risk Management Through Crop Insurance

Jul 17, 2018 1:20pm ‐ Jul 17, 2018 2:35pm

Identification: AG1811

The session will be giving an overview of the USDA/Federal Crop Insurance Corporation Whole Farm Revenue Program.

  • Objective 1: To make Agriculture Accountants aware of USDA, Crop Insurance Programs 
  • Objective 2: To illustrate how Accountants can help Farmers with their crop insurance

Trends in Ag Software Panel

Jul 17, 2018 3:00pm ‐ Jul 17, 2018 3:50pm

Identification: AG1812

A panel discussion on the current state of Ag Accounting and Management software and the trends that will come in the next few years.

Ag Consolidation

Jul 17, 2018 3:55pm ‐ Jul 17, 2018 4:45pm

Identification: AG1813

Economics of Horizontal Concentration and Vertical Integration in Agriculture

1. Extent of consolidation in the U.S. and Global agriculture & food economy 

2. Issues and concerns about consolidation 

3. Extent of, and effects of, exertion of buyer and seller market power in agribusiness


Morning Announcements and Introduction & Cannabis Industry Appraisals: Lessons Learned from Colorado

Jul 18, 2018 7:00am ‐ Jul 18, 2018 8:25am

Identification: AG1814

This session will provide an overview of the cannabis industry, including landmark case law, recent legislative activities, and the evolution of the industry as more state and local jurisdictions implement some level of licensed cannabis business activity. Valuation of cannabis dispensaries, cultivation operations and related license rights will be addressed, focusing on the nuances and risk assessment required. The session will place emphasis on the cultivation sector of the industry and evolving trends from an appraisal perspective. The discussion leader will also touch on the lessons learned form 10 years of working with cannabis businesses in Colorado ranging from appraisal and litigation matters to income tax compliance and internal control issues.

  • Gain a better comprehension of the dynamic changes occurring within the cannabis cultivation sector 
  • Understand the fundamental economic differences between cannabis indoor, greenhouse and outdoor grows 
  • Learn how valuation concepts and metrics are utilized in the cannabis sector

FFSC (Farm Financial Standards Councils New Implementation Guide)

Jul 18, 2018 8:50am ‐ Jul 18, 2018 10:05am

Identification: AG1815

Presenting the Farm Financial Standards Council's (FFSC) new implementation guideline.

1.) Present the FFSC's new implementation guideline that will help non-accountants develop and implement sound financial reports 

2.) Present changes in the FFSC's guidelines that are pertinent to agricultural management and accounting


Succession Planning Tips and Traps

Jul 18, 2018 8:50am ‐ Jul 18, 2018 10:05am

Identification: AG1816

Succession Planning for Ag operations is challenging. To do it right we as professionals must work at the intersection of the financial and non-financial lives of our clients. In this session you will learn techniques and best practices that will allow you to participate in preserving family relationship and perpetuating these amazing agricultural legacies.

1) Leave with techniques on how to develop and ask better questions to allow for deeper discovery and more transparent expectations of what the family is trying to accomplish. 

2) Learn how to recognize the needs of all family members within the Family Farm System and how to plan for their fears, minimize risk and maximize harmony.


Ask the Experts

Jul 18, 2018 10:10am ‐ Jul 18, 2018 11:25am

Identification: AG1817

A final session to get answers to questions that were not already brought up

  • Ask your questions and get answers 
  • A recap of the overall session