Why Accrual Accounting Is An Opportunity

Know your true cost of production with accrual accounting Is tax season the only time you know the full cost and revenue of your business? Many agricultural businesses use outdated and inaccurate accounting strategies that don’t give them the full picture of their financial health throughout the year – we’re here to make sure yours…

Applying the lessons of precision agriculture to farm accounting

The benefits of precision agriculture are familiar to most farmers. With GPS technology powering specialized software and field equipment, you can make nuanced decisions about your field operations, saving you time and money. But what many farmers don’t know is that the same principles of precision agriculture can be applied to managing farm finances. Don’t…

Is accrual accounting better for your farm business?

Rethink Your Farm’s Financial Management From Farm Futures magazine featuring AgCompass partners John McNutt with Latta Harris LLP and Lance Fulton with Foreland Ag. Article written by: By Larry Stalcup You’ve taken advantage of better seed, better crop protectants and other technology to produce bin-busting yields. It looks like a great year. But without an expert…