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Successful farming requires sound financial management, and with the complexities of modern agriculture, this can be challenging. From tracking expenses like feed and fertilizer to managing payroll or even predicting future cash flow, accounting plays a crucial role in running a profitable farm. But the big question is—should farmers use accounting software to handle it … Continued

The Internal Revenue Service has issued guidance providing tax relief for farmers and ranchers in a41 states and other regions forced to sell or exchange livestock because of drought conditions. We invite you to read this important information on the IRS website at the link below. Please reach out to Holbrook & Manter with question … Continued

We are proud to announce that Agri-Accounting Services, LLC is now a part of Holbrook & Manter. Agri-Accounting Services, LLC has a rich history in serving agribusiness owners and farmers across the State of Ohio and beyond. The merging of the two operations will give current and future clients the chance to work with a … Continued

The Ohio Department of Agriculture has declared twenty-two Ohio counties natural disaster areas due to the on-going dry conditions plaguing the buckeye state. This declaration allows the United States Department of Agriculture (USDA) and the Farm Service Agency (FSA) to offer emergency assistance to farm operations within these counties. Other designated areas in Ohio and … Continued

Succession planning is arguably one of the most critical, yet often overlooked aspects of family farming and agribusiness. With the future of farming resting on resilient shoulders, the transition from one generation to the next requires careful, strategic, and thoughtful preparation. For family farmers and agribusiness owners, understanding best practices in succession planning is the … Continued

If you are a famer or a fisher who did not make estimated tax payments by January, then you will want to review the important information from the IRS at the link below. Those that did not make estimated payments must generally file their 2023 federal income tax return and pay all taxes due by … Continued

Any farmer will tell you that farming is more than just getting your hands dirty in the fields and taking care of livestock. It is also a business, and like any other business, it needs to be managed effectively to be successful. For this reason, farmers need a CPA to help them with financial management, … Continued

The IRS is reminding eligible farmers and ranchers forced to sell livestock due to drought that they may have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales. The posting on the IRS website outlines the areas in qualifying states designated as eligible … Continued