The farm financial management company, AgKnowledge Management, has been acquired by Kennedy and Coe, LLC, a premier accounting and consulting firm specializing in the food and agriculture industry.
"AgKnowledge's data management tool moves Kennedy and Coe to a more proactive role with our clients," Jeff Wald, CEO of Kennedy and Coe explained. "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."
Acquisition brings expertise
AgKnowledge brings expertise and systems that enable Kennedy and Coe to provide advice to 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.
With the acquisition, the footprint of Kennedy and Coe also grows in the Mississippi Delta, a key food and agriculture region.
AgKnowledge began in 2003 with a laptop, one client and a vision to fill the role of CFO for farmers who lacked the time or expertise to manage the business side of their operations. From that humble beginning the company grew to serve about 200,000 client acres at the time it was bought by Kennedy and Coe at the end of June.
"We share the fundamental desire to see the grower improve operations and have a fuller understanding of everything that impacts their business," said Alan Grafton, president of AgKnowledge.
Kennedy and Coe works predominantly within the food and agriculture industry, working with clients to identify profitability opportunities and facilitate strategic planning, business succession, and wealth transfer from one generation to the next.