Book a Discovery Call
Back to Industries Page
Agriculture

Agribusiness

The agribusiness industry accounts for nearly one-fifth of the U.S. gross national product and employs close to one-fourth of the U.S. labor force. Covering more than 25 million acres in Oregon, agriculture accounts for 12% of the state’s economy, and 5% of the jobs. Agriculture commodities are the leading exporter of goods sold and Malheur County is the 8th highest producing county in the state. Idaho farmer and ranchers manage over 11 million acres, and account for 4.5% of Idaho’s gross state product. Idaho’s sweet corn seed product alone accounts for 70% of the world’s production.[*]

At Nichols Accounting we know that agriculture is a vital and integral part of our local and national economy, and we have over 100 years of experience in the industry. We understand the unique challenges you face; volatile commodity markets, the cyclical nature of agriculture, impact of the recent banking crisis, technology demands, and global competition. We’ve consulted many agro-industry companies for decades and our specific industry experience will help you navigate these unique circumstances. We represent many growers and ranchers in the area, and we are involved in several agribusiness trade associations as members, speakers, and instructors.

Some of the services we offer include:

  • Building Effective Business Management Systems
  • Succession Planning
  • Trends Ratio Analysis & Planning
  • Cash Flow and Budget Forecasting
  • Enterprise Advisory
  • Employee Benefit Plan Design Assistance
  • Affordable Care Act Consulting
  • Strategic Planning
  • Merger and Acquisition Assistance
  • Fraud Prevention Training
  • Income Tax Planning
  • Business Tax Return Preparation
  • Business Valuation Services
  • Bank Financing Assistance
  • IRS Dispute Resolution

Let’s put our boots on and get to work

[*] Statistical Sources: http://www.oregon.gov/ODA/pages/pub_bd_rpt.aspx ;http://stateimpact.npr.org/idaho/tag/agriculture/ ; https://www.documentcloud.org/documents/411790-2010-idaho-ag-facts.html

Farm and Ranch Operations

The Nichols Accounting Group understands the unique needs of farm and ranch operations. We speak your language.

The agribusiness industry accounts for nearly one-fifth of the U.S. gross national product and employs close to one-fourth of the U.S. labor force. Covering more than 25 million acres in Oregon, agriculture accounts for 12% of the state’s economy, and 5% of the jobs. Agriculture commodities are the leading exporter of goods sold and Malheur County is the 8th highest producing county in the state. Idaho farmers and ranchers manage over 11 million acres, and account for 4.5% of Idaho’s gross state product. Idaho’s sweet corn seed product alone accounts for 70% of the world’s production.[*]

At Nichols Accounting we know that agriculture is a vital and integral part of our local and national economy, and we have over 100 years of experience working with farm and ranch operations. We understand the unique challenges they face, the markets in which they operate, and the tax planning considerations that must be proactively managed. We are one of the valley’s leading firms in farm and ranch income tax preparation and tax planning, and accounting and financial statement preparation. We are actively involved in many agribusiness trade associations as members, speakers, and instructors.

Whether our client owns a family farm or ranch, we speak your language. We know how to help you navigate the ever changing world of agribusiness, and we possess the industry specific knowledge and experience required of a trusted advisor that will meet your needs for today, and future generations.

Some of the services we offer include:

  • Building Effective Farm Management Systems
  • Succession Planning
  • Trends Ratio Analysis & Planning
  • Cash Flow and Budget Forecasting
  • Enterprise Advisory
  • Strategic Planning
  • Income Tax Planning
  • Estate Tax Planning
  • Business Tax Return Preparation
  • Business/Farm Valuation Services
  • Bank Financing Assistance

Let’s put our boots on and get to work.

[*] Statistical Sources: http://www.oregon.gov/ODA/pages/pub_bd_rpt.aspx ;http://stateimpact.npr.org/idaho/tag/agriculture/ ; https://www.documentcloud.org/documents/411790-2010-idaho-ag-facts.html

Timber/Mining

Precious resources are abundant in Idaho and Oregon. Timber and mining are two such assets that create many economic opportunities by contributing billions of dollars to the two states GSP’s, developing jobs, and providing the supplies needed to rebuild America. Idaho’s wood and paper industries account for nearly one-fifth of all the labor income generated in the state, and more than one-tenth of the state’s total employment. Oregon has been the leading softwood producer in the nation for over 25 years, and accounts for 7% of the state’s GSP.[*]

Like farming and ranching, particular industry expertise is required to serve as a trusted advisor to these businesses. With four decades of experience, our staff has 100 years of combined service, knowledge and expertise to guide our clients through the challenges they face; commodity volatility, recent banking and real estate crisis, global demand uncertainty, rising input costs, high capital demands and costs, increasing taxes and royalties, and industry consolidation.

Let Nichols Accounting help you navigate changes amidst uncertainty. Some of our services include:

  • Risk Analysis
  • Cost Depletion Analysis
  • Bank Finance Assistance
  • Business Valuations
  • Mergers and Acquisition Assistance
  • Cash Flow and Budget Forecasting
  • Employee Benefit Plan Design Assistance
  • Enterprise Advisory
  • Internal Control Review
  • Strategic Planning
  • Succession Planning
  • Business Tax Return Preparation

[*] Statistical Sources: http://oregonforests.org/sites/default/files/publications/pdf/Fact_Harvest.pdf ; http://www.idahoforests.org/money1.htm

To learn more, click here to schedule a free discovery meeting.
Schedule Today