Kennedy and Coe, LLC, an accounting and consulting firm specializing in the food and agriculture industry, has announced its acquisition of AgKnowledge Management, a farm financial management company working with growers and farming operations to improve their profits and overall efficiency.
Through AgKnowledge's expertise and systems, Kennedy and Coe now provides richer information that impacts growers' decisions about agricultural finance and credit management, futures and options trading, commodity risk management and economic analysis, crop insurance, and agriculture land sales and farm management.
"AgKnowledge's data management tool moves Kennedy and Coe to a more proactive role with our clients," Jeff Wald, CEO of Kennedy and Coe said. "We're arming the farm operator with snapshot data to make their crop-year decisions. It's also incredibly powerful for them to access this information before they decide what to plant. All of this leads to a huge competitive advantage for them in the marketplace."
The acquisition facilitates Kennedy and Coe's increased presence in the Mississippi Delta — a key food and agriculture region.
Serving approximately 200,000 client-acres at the time of the acquisition in June of this year, AgKnowledge began in 2003 with a laptop, one client and a vision to fill the role of CFO for farmers who were busy farming and found it a struggle to spend time on the business side of their operations. The AgKnowledge team has built strong relationships with growers to understand their priorities and goals. They collect extensive data from their clients to deliver in-depth analyses, which provide clients with the ability to make decisions in the present and the future.
Alan Grafton, president of AgKnowledge, and his team join Kennedy and Coe expanding AgKnowledge's reach well into the Corn Belt and other regions Kennedy and Coe serves.
"We share the fundamental desire to see the grower improve operations and have a fuller understanding of everything that impacts their business," Grafton said about choosing to work with Kennedy and Coe.
"The firm has an extraordinary vision for the success of the food and ag industry as a whole and not just the CPA side of things. With Kennedy and Coe's recent acquisition of Vela Environmental as well, we're doubly excited about this new opportunity to truly be a voice for the grower," Grafton added.
Kennedy and Coe works predominantly within the food and agriculture industry — impacting everything from policy to producers, inputs and processing plants, and critical supporting businesses including lenders, suppliers, and distributors.