Tiverton Advisors LLC

03/25/2021

The numbers are in! 📊

Wondering how agricultural lending trended in 2020? You can review the comprehensive statistics for the year at the link below.

Fewer new loans to farmers continued to drive a pullback in agricultural lending activity. A historically low number of new loans contributed to an increase in average loan size and drove a slight decrease in…

03/23/2021

Analyst Jacob Rogers has been around agriculture his entire life.

His family owns a farm, he was the co-president of his high school’s Future Farmers of America chapter, and he was also involved in 4-H as a teenager.

He began at Tiverton in March of 2020 . His agriculture knowledge coupled with his finance degree from N.C. State made him a perfect addition to the team.

“Agricultural professionals often have a hard time finding adequate capital from folks that truly understand ag, and it is rewarding to be a valuable resource for them,” he says.

03/19/2021

Some good news for your Friday 🎉:

Despite facing a worldwide pandemic and various challenges, farmers required fewer loans by the final quarter of 2020 due to financial success and lower need for financing. And ag professionals who did receive loans received historically low interest rates.

As key ag commodities increase in price, the need for farming loans may continue to decrease.

Well done, farming community 👏! Read more here:

In the fourth quarter of 2020, loans to farmers significantly decreased to a historically low number.

03/16/2021

With less than a month until April 15, now is a good time to ensure your records are in tip-top shape so you can submit your taxes. 💸

Make sure your receipts are accounted for, you’re aware of what’s considered active versus passive farming, and you’ve tracked the mileage on your car.

Consult this checklist to ensure you’re tax ready.

03/11/2021

Ag investing requires a variety of talented individuals who provide a broad range of strengths and skill-sets. Tiverton accountant Sarah Holton, for example, is a key figure in our investing process.

“[Investment] accounting is more than numbers on a page,” Sarah shares. “It is understanding how a family farming operation passed down from generations can continue to grow and remain profitable.”

With 10 years of experience in public accounting prior to joining Tiverton, Sarah is an asset to our team 👏. Learn more about the professionals who make up Tiverton here: tiverton.ag

03/09/2021

Don’t forget! ⏰ The deadline to enroll into the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) program is Monday, March 15.

Failure to register before local close of business on Monday means you will not be enrolled in ARC or PLC for the 2021 crop year.

Contact your local USDA Farm Service Agency office to make an appointment today so you will be eligible to receive payment should one be available for one of your crops.

The deadline for risk coverage programs is approaching quickly

03/05/2021

It’s no secret that February’s arctic storms wreaked havoc on the agriculture industry.

The effects were particularly devastating in states like Texas, where farmers are suffering an estimated $300 million loss for the citrus industry.

Vegetables were affected as well, with only 3 of the 40 crops grown in the Rio Grande Valley expected to survive.

Learn more about the impacts this wintry weather had on crops and agriculture operations across the country at the link below. Here’s hoping warmer temperatures are here to stay!

Energy shortages forced meat-processing plants to temporarily close, while ice buildups kept grain barges off rivers and cattle ranchers struggled to save calves from the cold.

03/03/2021

Did you know only 30% of family-owned farms survive into a second generation and only 12% by the third? According to the National Agricultural Statistics Service, only 23% of family farms created a survival plan.

Being prepared for your farm’s future is essential, and the primary way to accomplish that is through proper estate planning 📝. A well-developed farm estate plan presents a clear blueprint for those who may inherit the farm. This can also reduce conflict between family members and clarify many “verbal agreements.”

If you haven’t already, now is the time to set up an estate plan for the future of your family farm.

When developing an estate plan for your farm, it’s important to include a “farm succession plan.” This will clarify your wishes surrounding the transferring of your farm’s:
1. Assets
2. Operations

Who do you want involved in the future management of your farm’s income, land, and business? Determining your long-term goals and objectives will help you navigate what steps to take now to ensure your farm is on the path to future success 🧑‍.
Don’t delay. Speak to a farm estate planner to make sure your family farm is prepared to be handed over to the next generation when the time comes.

01/19/2021

Our team at Tiverton is packed with professionals who have a passion for the agricultural industry. Having worked in ag asset management and investments for more than 20 years, Ag Professional Christian Ramirez is a valuable part of the Tiverton team. Christian has been building his passion for the farming world since the very beginning:

“I grew up around family members who spent their life working in the agricultural industry, and as a result, I’ve developed an appreciation for this field.” -Christian Ramirez
We’re grateful for our awesome team of ag experts 👏. Learn more about the professionals who make up Tiverton here: tiverton.ag

01/14/2021

Tax planning after 2020’s financial atmosphere is more critical than ever. If you received USDA assistance, PPP loans or other financial aid, it’s important to research how they could impact what steps you should take in sorting out taxes.
Were your yearly purchases within the bounds of the loans you received? How will that affect your future financial decisions?

Protect yourself from potential tax liability 🧾. Take time to prepare yourself for the next conversation with your tax professional.

01/12/2021

How in tune are you with the projected year-end numbers 📊? This year has been unusual in many ways, and between USDA assistance and PPP loans, taxes will be a little trickier.

Be sure to stay up-to-date on the numbers to make sure you aren’t blindsided by potential tax complications.
It’s essential to consult with a tax professional, but this article shares some helpful information on factors to consider: https://buff.ly/39bGgD9

01/08/2021

As you plan for this year’s crop, it’s important to take time to review 2020’s ups and downs. What can be done differently this year to improve your farm’s profit?

Here are some ways you can work with your lender to ensure 2021 is a successful financial year for your farm:
📝 Communicate openly and honestly with your lender. Discuss what went well last year as well as what challenges your farm faced.
📝 Have an updated marketing plan based on your 2020 harvest results. This will help you make financially-driven decisions this year as you decide whether to store or sell your crops.
📝 Consider what purchases and investments you can make now that will save you money in the long run. For example, keep an eye out early for low fertilizer or equipment prices.
Here’s to a financially fruitful 2021!