2021 Food & Ag Summit: Virtual Event Series
Accounting Standard Updates
Key Updates on Revenue Recognition & Leasing
March 9, 2021
9:00a.m. - 10:00a.m. EST
Join us for a 2021 Food & Ag Summit webinar for a key Accounting Standards Update: Leasing and Revenue Recognition for the food & ag industries. We will cover key updates on both Leasing (ASU) 2016-02, and Revenue Recognition (ASU) 2014-09.
Leasing Update: A walk-through of Accounting Standard Update (ASU) 2016-02, Leases (Topic 842) which will provide insight into aspects of the new lease standard that are particularly relevant to lessees in a non-public entity. We will review how all leases will now be captured on the balance sheet and recorded through the financial statements, as well as the process to determine if a lease exists and how to record it properly under the new standard.
Revenue Recognition Update: An overview of Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), which will provide insight into the new principles-based standard, including the 5-step process for revenue recognition. We will review what we saw during implementation, where people struggled the most, what we expect going forward, staying on top of the standard, and how COVID-19 impacted customer payments. Register today by clicking here.
Cory Eisenhofer, Manager, Herbein + Company, Inc.
Christopher Kunkle, CPA, CFE, CITP, Senior Manager, Herbein + Company, Inc
2021 Virtual Food & Ag Summit
Join Herbein + Company, Inc., Barley Snyder, and other industry professionals for the 2021 Food & Ag Summit! This year's Food & Ag Summit will feature six virtual events throughout the month of March focused on hot topics relevant to the food & agribusiness sector. This 6-part series is designed for business owners, corporate executives and knowledge leaders from food and agricultural companies.
Additional sessions in the series are listed below.
Ownership Transition, the Inevitable Decision
Is an Employee Stock Ownership Plan in Your Company’s Future
March 10, 2021
11:00a.m. - 12:00p.m. EST
In this session, Barley Snyder attorneys Drake Nicholas and Alex Puskar, along with CPA Mark Caltagirone from Herebin + Company, Inc., will discuss employee stock ownership plans (commonly referred to as ESOPs) which provide a tax-advantageous ownership transition strategy that offers closely held companies the opportunity to seamlessly transfer ownership. They will address pertinent questions such as:
- What makes ESOPs so popular and why has there been such a resurgence of ESOPs as the preferred transition plan?
- How does an ESOP work? Who is in charge? Who benefits?
- Valuation and the ESOP process
- How to determine if an ESOP is the right transition vehicle
Mark Caltagirone, CPA/ABV, Senior Consultant, Herbein + Company, Inc.
Drake Nicholas, Esq., Partner & ESOP Team Chair, Barley Snyder
Alexander Puskar, Esq., Attorney, Barley Snyder
Cyber Incidents and Risk Management in the Food and Beverage Industry
March 16, 2021
1:00p.m. - 2:00p.m. EST
The food and beverage industry ranks among the most vulnerable when it comes to managing cyber oversight and risk. Threat actors can pose a significant risk to the manufacturing processes, including releasing malware that can wreak havoc to an organization’s safety and operational protocols. In this session, Jeff Johns (CISA, CRISC, CDPSE), Partner and Director of IT Audit Services, at FOS (Herbein + Company, Inc. subsidiary) and Don Geiter (CIPP/US), Partner and Chair of the Cybersecurity Service Team at Barley Snyder, will provide you and your organization with practical cyber risk management guidance, including an overview of the tools needed for your team to assess its potential liability and reduce its vulnerabilities. Click here to register today.
Donald Geiter, CIPP/US, Esq., Partner & Cybersecurity Team Chair, Barley Snyder
Jeffrey Johns, CISA, CRISC, CDPSE, Partner & Director of IT Audit Services, Financial Outsourcing Solutions (Herbein + Company, Inc. subsidiary)
Labor & Employment Forecast: Food & Agribusiness Edition
March 23, 2021
1:00p.m. - 2:00p.m. EST
In this session, Barley Snyder attorneys will provide insights into important labor and employment aspects relating to the food & agribusiness industry. Jill Welch will discuss the Biden Administration’s First 63 Days: Labor and Employment Initiatives and COVID-19 Update. EmmaRose Boyle will address navigating transportation and logistics developments. Rounding out the discussion, Silas Ruiz-Steele and Lauren Berkowitz will provide a roadmap for a successful I-9 process. Click here to register today.
Jill Sebest Welch, Esq., Partner & Employment Group Chair, Barley Snyder
Silas Ruiz-Steele, Esq., Attorney & Immigration Group Chair, Barley Snyder
Lauren Berkowitz, Esq., Attorney, Barley Snyder
EmmaRose Boyle, Esq., Attorney, Barley Snyder
Selling Your Products: 2021 Challenges & Opportunities
Featured Panelists from Joe Jurgielewicz & Son, R.M. Palmer Company, and Unique Snacks
March 30, 2021
10:00a.m. - 11:30a.m. EST
Our final session will be moderated by Tim Dietrich and Josh Pollet, and will feature three local business leaders for a roundtable discussion about selling your products in 2021. Food & ag companies have faced many obstacles over the past year due to the pandemic. Our professionals will discuss some of the challenges and successes they’ve had and what they expect for 2021. Some of the topics they will discuss are: various sales channels such as big box retailers and online sales, supply chain distribution, customer demand, consumer packaging, production, etc. We hope you can join us for this timely and relevant discussion!
Click here to register.
- Timothy Dietrich, Esq., Partner and Food & Agribusiness Group Chair, Barley Snyder
- Josh Pollet, CPA, Partner, Herbein + Company, Inc.
- Dr. Jim Jurgielewicz, DVM, President & Corporate Veterinarian, Joe Jurgielewicz & Son, Ltd.
- Mark Schlott, Chief Operating Officer, R.M. Palmer Company
- Justin Spannuth, Vice President & Chief Operating Officer, Unique Snacks