Accounting

Technology

Management

Integrating Ag Technology Data with Financial and Managerial Accounting

Annual Conference

July 25-27, 2018

Hilton Garden Inn 1501 S. Neil Street

Champaign, IL

Integrating Ag Technology Data with Financial and Managerial Accounting

The era of hand-written ledgers filled in with pencil and eraser at the farm kitchen table has long since been replaced by laptops, spreadsheets,

Excel, QuickBooks, ag-specific production and finance software, and hours of very specialized education and training.

The Farm Financial Standards Council will take a closeup and intimate look Behind the Curtains at some of the influencers affecting ag financial reporting

when it gathers in Champaign, Illinois. Not only is this the home of the University of Illinois and its ag financial training and education center, it is also the site for agriculture’s “Silicon Valley” where the state-of-the-art for

TOMORROW’S ag technology is being developed TODAY.

Highlights

An in-depth look at the Illinois Farm Business Farm Management Association from the inside by the real folks who operate and oversee FBFM and are using FFSC financial analysis techniques for research daily.

The impact of recent accounting pronouncements and their impact on financial reporting presented by members of the Council’s Technical Committee, along with a brief tax update of 2017’s year-end tax legislation.

A panel discussion on the latest in farm management software technology and integration from the companies and people developing and implementing the software.

Integrating financial accounting metrics into changing ag technology and vice versa.

A second panel of agricultural accounting software providers on the implementation challenges, integration issues, and latest developments in financial and management accounting and reporting.

The content of the agenda qualifies for 6.0 Illinois Public

Accountants Continuing Education Credits.

State of Illinois Department of Financial and Professional Regulation License # 158-002205

Conference Agenda

Wednesday, July 25

12:00 pm to 1:15 pm Finance Committee

1:15 pm to 2:30 pm Membership Committee

2:30 pm to 4:00 pm Marketing Committee

4:00 pm to 5:30 pm Technical Committee

6:00 pm to 8:00 pm Let’s Get Reacquainted Reception (for all attending the conference including guests)

Note: All committee meetings are open to anyone with an interest in taking part. Watch hotel marquee for room location.

Thursday, July 26

7:30 am to 8:30 am Continental Breakfast

8:30 am to 9:15 am Welcome and Review of Agenda, Introductions A Look at Regional Ag

9:15 am to 10:30 am Illinois FBFM Overview, Comparisons, Benchmarking, and FarmDoc Daily Briefing Update Dwight Raab — Illinois FBFM Association Nick Paulson, Ph.D. — University of Illinois College of ACES Gary Schnitkey, Ph.D. — University of Illinois College of ACES

10:30 am to 10:45 am Break

10:45 am to 12:00 pm Tax Update and Technical Committee Project Overviews (GAAP Updates, Capital Leases, Appendix A/C) Paul Neifer, CPA — CliftonLarsonAllen Technical Committee Members: Angela Chesley, CPA — Van Bruggen & Vande Vegte Jonathan Shepherd — University of Kentucky Mark Wood — Kansas Farm Management Association, Northwest

12:00 pm to 1:30 pm Lunch Emeritus Membership Presentations, Jan Bitter — FFSC President

1:30 pm to 2:15 pm Farm Management Software Panel Discussion: Integration, Interaction and Insight Dave Stanko — Agrible, Inc. Brian Watkins — CropZilla Software, Inc. Landon Frye — Granular, Inc.

Conference Agenda

Hilton Garden Inn 1501 S. Neil St., Champaign, IL

2:15 pm to 3:00 pm Financial and Management Accounting Software Panel: Developments, Implementation Challenges, and Integration Issues Norm Brown — FBS Systems Julie Strain, Dick Moore — Redwing Software

3:00 pm to 3:45 pm Break (Build Your Own Ice Cream Sundae)

3:45 pm to 5:00 pm Integrating Financial Accounting Metrics into Ag Technology and Vice Versa Bruce Sherrick, Ph.D. — Fruin Professor of Farmland Economics, Director TIAA Center for Farmland Research, University of Illinois College of ACES

5:00 pm to 5:15 pm Tying it All Together

6:00 pm Evening Dinner — TBA (for all attending the conference including guests)

Friday, July 27

7:30 am to 8:30 am 8:30 am to 9:45 am

Continental Breakfast Committee Reports

9:45 am to 10:15 am Break

10:15 am to 11:30 am Annual Business Meeting

12:00 pm to 5:00 pm All Aboard for Off-site Activities and Luncheon Farmer City, Illinois Stewart Farms Seed Corn Production Grain Elevator

5:00 pm Return to Hotel

Lodging A block of rooms is reserved at the rate of $119, until July 3. Please request Farm Financial Standards Council Rate. Rates are applicable up to July 22 through July 30, on a space-available basis. Make your reservation by contacting the hotel directly at (217) 352-9970. http://hiltongardeninn3.hilton.com/en/hotels/illinois/hilton-garden-inn-champaign-urbana-CMICHGI/index.html

Farm Financial Standards Council 2018 Conference

July 25-27 Hilton Garden Inn, Champaign, IL

For more information call (262) 253-6902

Register online at: https://www.ffsc.org/index.php/2018/05/18/integrating-ag-2018-annual-conference/

or complete this form and mail or fax to Farm Financial Standards Council N78 W14573 Appleton Ave., #287

Menomonee Falls, WI 53051 Fax: (262) 253-6903

Name: _________________________________________________________________________________________________

Organization: _________________________________________________________________________________________

Address: ______________________________________________________________________________________________

City: ________________________________________________ State: _______________ Zip: _______________________

Phone: _____________________________________________ E-mail: _________________________________________

Name for Badge: _____________________________________________________________________________________

Name for Badge (Guest): ____________________________________________________________________________

Meeting Registration Fee (includes material, reception, breaks, lunches, and events)

Meeting Registration $200 (members) $225 (non-members) $ _____________________

Spouse/Children $75 (includes 7/25 reception, 7/26 dinner, 7/27 lunch) $ _____________________

Friday Local Ag Tour (no extra cost but need count) ________________________

Total $ _____________________

Make checks payable to — Farm Financial Standards Council Registration Deadline is July 9 (NO EXCEPTIONS)

CC#: _____________________________________________________ Exp. Date: _____________________________