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.[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 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.
