How Agricultural CPAs Uncover Hidden Value in Your Operation
In this episode, Mac Christian sits down with Erik Gillam, CPA and Agriculture Practice Leader at Aldrich Advisors, to unpack the complex (and often overlooked) financial and accounting challenges facing modern agricultural operations.
Whether you’re running a family farm, overseeing a multi-million-dollar ag enterprise, or advising landowners on succession planning, this episode is packed with actionable insights on tax strategy, cash flow, entity structure, audits, bonus depreciation, and ag-specific accounting tactics.
WHAT YOU’LL LEARN:
- When and why mid-to-large ag operations need a CPA who understands production agriculture
- The truth about bonus depreciation in 2025 (and how to leverage ag buildings and equipment)
- How cash-basis tax accounting can kill your loan approval
- Strategies for farm business transitions (multi-generation family farms)
- The hidden value of inventory and how to prove it to banks
- Audit vs. review vs. compilation — and which one your farm may need
- Depreciable assets, soil fertility deductions, and tax Code 180
- Real talk on CPAs, co-ops, and why most farmers outgrow “mom-and-pop” accountants
Guest: Erik Gillam, Aldrich CPA + Advisors
More info: https://aldrichadvisors.com