Navigating Patronage Allocation

CPE: 1 Credit Hour
Open to NSAC and NCFC Members

Please join us for a webinar presented by NCFC exploring some of the more challenging issues surrounding patronage allocations. Our panel of farmer cooperative tax experts will discuss the mechanics of patronage; issues surrounding book/tax differences; qualified and nonqualified allocations; multiple allocation pools; investment income and gains on sales; and more.

Presenter Bios

Presenter: Barry Jencik, CPA, Partner, Standera & Jencik

Barry is a CPA and Co-managing partner at Greendyke Jencik & Associates CPAs, PLLC. Barry specializes in providing tax advisory and compliance services to a variety of businesses and individuals. Barry spent over 22 years with KPMG, LLP, most recently as a tax partner and managing director. Barry continues to provide tax services to a wide range of business clients involved in manufacturing, technology, professional and other services, and software publishing, including numerous cooperative organizations.

Barry started his career in KPMG’s Buffalo office, and subsequently was selected for a two-year rotational assignment in KPMG’s Washington, D.C. National Tax Practice, where he was involved in advising KPMG operating offices on a variety of complex tax issues, assisting clients with ruling requests, and contributing to various KPMG publications on legislative and regulatory issues . Barry also has significant experience in serving clients involved in the high technology, manufacturing and service sectors, with significant international and multi-state tax issues.

Jerry is an active member of the National Society of Accountants for Cooperatives (NSAC) and the LTA of the National Council of Farm Cooperatives (NCFC).

Presenter: Jared Kempel, Managing Director, Baker Tilly US

Jared Kempel, CPA, is a Managing Director with Baker Tilly in Madison, Wisconsin, where he works with clients on accounting and financial matters. A graduate of the University of Illinois Urbana-Champaign with a degree in Accountancy, Jared has built his career serving businesses and organizations with accounting and financial expertise. He is also actively involved with the National Society of Accountants for Cooperatives (NSAC) and National Council of Farmer Cooperatives (NCFC). 

Presenter: Tami Peterson, Tax Director, Land O'Lakes, inc.

Tami Peterson is Tax Director at Land O’Lakes, bringing more than 20 years of experience in tax and financial management. She holds a Bachelor of Arts degree from Augsburg University and an MBA in Business from Metropolitan State University. Tami is an active member of the National Society of Accountants for Cooperatives (NSAC) and the National Council of Farmer Cooperatives (NCFC), where she stays engaged with issues and developments affecting the cooperative industry.