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.[i]
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: (link all items below to corresponding page on web):
- 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.