The Agribusiness industry is vital to our country and, more importantly, California economies. The businesses in the agriculture sector deliver a key ingredient to humans: food. The North American AgBusiness industry is expected to grow to $366.5B in 2020; the growth excludes approximately $46B from CARES Act-related funding to the industry. The product and service providers in the AgBusiness sector share many challenges and opportunities:

  • Battling the financial and operational impacts of CV-19
  • Improving financial process efficiencies to maximize profits and cash flows
  • Identifying and implementing technologies to improve crop yields and business operations
  • Relentless focus on sustainability programs: mandated and desired
  • Adhering to federal and state regulations
  • Achieving operational scale through alliances, mergers and financing options

The CFOs2Go Partner team is uniquely qualified to address the current and emerging issues in the AgBusiness landscape. Our team has more than 100 years of experience and is capable to assist in successfully developing business and financial solutions. We are located in the Ag epicenters in Northern California: Napa, Sonoma, Central Valley, and the Monterey Peninsula. The CFOs2Go Partner team has established relationships with attorneys, commercial and investment bankers, auditors, and specialty service providers; these relationships provide collaborative solutions focused on our clients.

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WHO WE SERVE

Vineyard and Winery Operations

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Vineyard and Winery Owners and Operators are unique agricultural entrepreneurs who share an industry passion to balance the love of wine-making and with the economic benefits of the wine-making effort. The current wine industry environment necessitates the trusted advisor to navigate the financial implications associated with direct-to-consumer regulations and operations, channel distribution, water, and energy conservation techniques, the trade-off of merging or acquiring another vineyard or winery, the importing and exporting of bottled wine, the appropriate level of financial controls for solid inventory management and retail operations, and implementing point-of-sale systems. A company has just so many resources to attack the ongoing challenge of balancing business priorities; priorities are not always sequential to allow orderly management. We assist in focusing your financial operations.

Cannabis

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The 2016 passage of California Proposition #64, the legalization of cannabis for recreational use, has generated approximately a potential $24 billion revenue opportunity for California by 2025. Most cannabis growers and service providers have multiple needs to satisfy their cannabis business objectives. Some of the discrete business requirements are: establishing banking or alternative-banking and financing relationships, creating financial management systems, ensuring compliance to the evolving California legislation and taxation policies, determining the necessity of co-existing with winery operations, and forming alliances with attorneys and other supply chain participants.

Agricultural Crop: Products and Services

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The key business imperative for crop growers and service providers is to do more with less. It is no mystery the price of food is not elastic. The supply chain providers constantly identify, assess, and implement new technologies to: 1) improve product safety, yield, and labor productivity; 2) reduce energy and water consumption; 3) deploy sustainability programs; and 4) improve profit margins and cash flows.

CAPABILITIES

We advise and assist agricultural companies to:

  • Conduct initial evaluations of overall current financial management to set a baseline for opportunities to improve effectiveness and efficiency
  • Develop financial models for evaluating capital intensive projects, both for internal review and to present to the financial community (“bankable” models)
  • Prepare and present financial reporting packages for lenders and develop compliance calendars
  • Set up accounting processes and procedures for inventory management, provide interim staff to handle the added workload for the length of the project
  • Financial system process improvements to enable existing staff to spend more time assisting forward-looking decision making and less time on prior period reporting
  • Analyze the financial impact of changing regulations and tax policies and work with management on strategic solutions
  • Facilitating business strategic planning sessions
  • Create rolling cash forecasts and cash management systems
  • Develop annual budgets and long-term strategic plans
  • Develop systems to capture Key Metrics and Key Performance Indicators
  • Perform due diligence on acquisition targets, review divestiture candidates, post-merger integration
  • Analyze costs and identify issues related to restructuring/downsizing
  • Evaluate and source various financing options for new projects and liquidity needs
  • Monitor the changes in regulations and advise on the financial impact on your business
  • Assess financial management to evaluate current and future staffing needs.