Agriculture
At LattaHarris, we specialize in serving the unique needs of the Midwestern agriculture and crop production industry. With 50% of our staff dedicated to this sector and clients across the Corn Belt in 11 states, we have the expertise and experience to support your agricultural business.
We understand the key performance indicators that matter most to you, including crop inputs, land, fuel and labor, and machine costs. Our tailored insights and solutions address these factors to help you succeed.
As our client, you gain exclusive access to our accrual benchmarking study, providing valuable insights into your business’s performance compared to your peers. This study helps you identify areas for improvement and stay competitive.
We are fully aware of the challenges you face, such as profitability, cost of production, competition, and equipment management. Our team provides strategies to address these concerns, manage growth, and ensure a smooth transition to the next generation.
What sets us apart is our dedication to helping you understand your financial information. With coaching from our professionals, some of whom are active farmers, we empower you to take control of your production enterprises.
Our proactive and knowledgeable staff actively participate in industry events, ensuring we stay up-to-date with the latest trends and insights. This benefits both producers and those in the financial industry.
Choose LattaHarris as your trusted partner in Midwestern agriculture. Contact us today to discuss your unique needs and how our professional services can support your agricultural business. Here are some ways in which we can help:
- Business Valuations: Our experts conduct comprehensive assessments of agricultural businesses to determine their value. Whether for mergers, acquisitions, financing, or succession planning, we provide accurate and insightful business valuations.
- Accrual and Managerial Accounting: We specialize in accrual and managerial accounting, ensuring accurate financial reporting that reflects your business’s true financial position. Gain valuable insights for effective decision-making.
- Data Analysis: Leverage our expertise in data analysis to uncover trends, optimize production efficiency, and make informed decisions based on accurate and relevant data.
- Management Information Systems: We develop and support customized management information systems for your agricultural business, providing timely and accurate information for effective decision-making.
- Accounting Technology Assessment: Our team assesses your accounting technology infrastructure, recommends improvements, and assists with the implementation of efficient accounting software and tools.
- Staff Training: Enhance the accounting and financial management skills of your agricultural staff with our customized training programs.
- Accounting Support: We provide comprehensive accounting support services, including bookkeeping, financial statement preparation, reconciliations, and more, ensuring accurate and reliable financial information.
- Tax Planning and Preparation: With expertise in agricultural tax considerations, we offer strategic tax planning and preparation services to minimize your tax liability and capitalize on available savings opportunities.
- Cost of Production: Accurately calculate and analyze your cost of production to optimize profitability and make informed decisions.
- Projections/Forecasts: Develop financial projections and forecasts to plan for the future and guide your business decisions.
- Payroll Support: Simplify payroll management with our accurate processing, tax withholding, reporting, and compliance services.
- Succession and Transition Planning: Plan for the future of your agricultural business with our guidance and support in developing comprehensive succession and transition plans.
- Estate Planning: We assist in developing estate plans tailored to agricultural businesses, ensuring a smooth transfer of assets and minimizing potential tax implications.
- Retirement Planning: Secure your financial future with our retirement planning services designed specifically for agricultural business owners.
- Annual Meeting Facilitation: We facilitate your annual meetings, providing financial presentations and analysis to effectively communicate important financial information to stakeholders.
Choose LattaHarris as your trusted partner in the Agriculture Industry. Contact us today to discover how our comprehensive services can support your business and drive your success.