This piece first appeared in the Modern Producer Magazine - Special Thanks to ELO CPAs & Advisors for the article!
The business of farming has evolved over the years to grow in complexity which has enlisted the need for enhanced planning, sophistication, and advisory services. As the amount of capital at stake in farming operations has continued to increase, so has the need for a team of advisors. At ELO CPAs and Advisors, we have an entire practice that specializes in Agriculture and seeks to partner with their clients to provide a holistic business approach to fulfill the farm’s financial, succession, accounting, and tax needs. To be successful, the whole picture must be considered, and it takes a team of advisors to accomplish this.