Farm Accounting – Illinois (IL)

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, Illinois farmers have seen it all. However, the situation becomes more complex when Illinois 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 – Illinois (IL)

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 Illinois providing farm management, tax compliance and financial planning services while offering real-world insights from first-hand experience.

Map of Illinois (IL)

Illinois 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

About Illinois Farming

At the heart of the Illinois farming community is its robust crop production. The state is a major producer of corn and soybeans, consistently ranking among the top states in the nation for these commodities. Farmers across the state diligently cultivate these staple crops, utilizing advanced technologies and innovative techniques to optimize yields and quality.

In addition to corn and soybeans, Illinois farmers grow a wide range of other crops, including wheat, oats, barley, hay and various fruits and vegetables. The state’s favorable climate and fertile soil provide an ideal environment for diverse agricultural production. Specialty crops such as pumpkins, apples, melons and sweet corn thrive in different regions of the state.

Illinois farmers are dedicated to sustainable agricultural practices. They employ conservation methods such as cover cropping, precision agriculture, integrated pest management and soil erosion control to protect the environment and preserve natural resources. Many farmers also participate in government conservation programs to enhance biodiversity and water quality.