Farm Accounting – Paragould (AR)

Paragould Farm CPA Services

Managing through periods of significant change can be challenging. Even the most seasoned crop and livestock farmers are often faced with operational and financial surprises that may require plans to change. Whether it is unexpected issues with the water supply or the adverse effects of high-interest rates on capital acquisition, Arkansas farmers have seen it all. However, the situation becomes more complex when Paragould farmers are faced with unexpected changes. This is especially true when it comes to changes with trusted business advisors, including your farm accountant.

Evaluate Your Current Provider

If you feel like your current provider is too large or too small, consider the benefits of working with a mid-sized agriculture CPA firm. Adams Brown can provide farmers and ranchers with:

  • A team of advisors, including a principal, dedicated to working with you
  • Advisors who serve as an extension of your team that you can count on in good times and bad
  • Direct and ongoing communication with everyone on your service team
  • Access to specialized agribusiness knowledge at cost-effective pricing
  • CPAs who were raised on family farms and still find time to lend a hand

Agriculture Experience – Paragould (AR)

Adams Brown, Strategic Allies and CPAs, is a certified public accounting firm that specializes in serving the accounting, tax, audit, consulting and wealth management needs of farms, ranches, and their owners. We work with agriculture businesses in Paragould and across Arkansas providing farm management, tax compliance and financial planning services while offering real-world insights from first-hand experience.

WHAT CLIENTS HAVE TO SAY

“The professional staff is competent and sincere. My advisor is patient and takes extra time during discussions to thoroughly resolve issues.”
Josh Miller, Peace Creek Farm, LLC, Sylvia, KS

Map of Paragould (AR)

Paragould Agriculture Accounting Services

  • Agreed Upon Procedures
  • AgriBuilder (proprietary integrated accounting and farm management solution)
  • Budgeting & Forecasting
  • Business Tax Planning & Compliance
  • Business Transformation
  • Cash Flow Management
  • Financial Statement Audits
  • Outsourced Accounting
  • Succession Planning
  • Tax Planning & Compliance for Farm Owners
  • Wealth Planning

Arkansas Agriculture Overview

Arkansas’s rich soil and climate diversity allow for the cultivation of a wide variety of crops and livestock, including:

  • Rice – Known as the “Rice Capital of the United States,” Arkansas is a leading producer of rice, with different varieties cultivated throughout the state.
  • Soybeans – Soybeans are a major cash crop in Arkansas, used for various purposes, including animal feed, cooking oil and biofuels.
  • Cotton – Cotton has a long history in Arkansas and is a significant contributor to the state’s agricultural output.
  • Corn – It is a versatile crop in Arkansas, utilized for livestock feed, food products and ethanol production.
  • Wheat – Wheat farming is prevalent in certain regions, contributing to the state’s grain production.
  • Fruits and Vegetables – Arkansas produces a range of fruits and vegetables, including apples, strawberries, tomatoes and sweet potatoes.
  • Forestry and Logging – Known as “The Natural State,” Arkansas has one of the most forestry and timber dependent economies in the country.

In addition to crop farming, livestock plays a crucial role in Arkansas agriculture. The state is known for:

  • Poultry Production – Arkansas is a major hub for broiler chicken production, ranking high in the nation’s poultry industry.
  • Cattle Ranching – Beef cattle are raised in various regions, contributing to both the state’s economy and the beef supply chain.
  • Swine Production – Swine farming is another significant component of Arkansas’s livestock industry.
  • Aquaculture – Arkansas leads the nation in bait fish and ranks third in the nation for catfish production.

Source: Arkansas House of Representatives