Business Details
37 Years
experience
Your Trusted Crop Insurance Partner in Warren, MN
Since 1989, Phil Thompson & Associates has been a trusted provider of crop and farm insurance solutions for agricultural operations across Minnesota. Our team of seven dedicated agents specializes in mitigating risks associated with farming through comprehensive coverage options, including Multi-Peril Crop Insurance (MPCI) and hail insurance. We prioritize building strong relationships with clients, ensuring they understand evolving policy changes and coverage options. In addition to insurance, we offer tailored financial services such as tax preparation, payroll management, and bookkeeping. Our expertise in agricultural risk management and commitment to personalized service has solidified our reputation as a leader in the industry.We serve farmers in Warren, East Grand Forks, and Crookston, MN, providing peace of mind against unforeseen threats to their livelihoods. Our professionals stay current with regulatory updates and industry best practices to deliver reliable, informed guidance. By combining technical knowledge with a client-focused approach, we help farmers protect their operations and financial stability. Our dedication to transparency and ethical practices ensures clients receive accurate, trustworthy advice tailored to their unique needs.
Services
Crop Insurance
Tax Preparation
Payroll Services
Bookkeeping
Financial Advisory
Details
- Year established: 1989
Highlights and features
- We offer 35+ years of experience in agricultural risk management.
- Our team includes seven dedicated crop insurance specialists.
- We provide comprehensive financial services tailored to farm operations.
- We maintain up-to-date knowledge of federal crop insurance regulations.
- We prioritize personalized service for Minnesota farmers.
Services
Crop Insurance
Our crop insurance services protect agricultural operations against natural perils like weather events and disease through Multi-Peril Crop Insurance (MPCI) and hail coverage. We help farmers navigate federal programs and policy changes to ensure adequate protection. Our specialists provide tailored risk management strategies to safeguard yields and financial stability.
Tax Preparation
We offer comprehensive tax preparation for individuals, farms, LLCs, and corporations, including estate and gift tax services. Our experts stay current with evolving tax laws to minimize liabilities while ensuring compliance. We provide year-round guidance for major financial decisions affecting tax obligations.
Payroll Services
Our payroll services handle complex transactions including tax deposits, W-2/1099 forms, and direct deposits. We ensure compliance with Minnesota regulations for deductions, garnishments, and employee benefits. We simplify payroll processes to save time while maintaining accuracy for agricultural businesses.
Bookkeeping
We provide bookkeeping using QuickBooks and other platforms to track business performance through income statements and balance sheets. Our services include bank reconciliation, depreciation schedules, and customized reporting. We help businesses maintain accurate financial records for decision-making and financing purposes.
Financial Advisory
Our financial advisory services focus on strategic planning for retirement, investments, and business transitions. We offer proactive guidance to optimize tax strategies and financial decisions. We help clients evaluate major purchases, income deferral, and long-term business sustainability.
Questions
What crop insurance options do you offer?
We provide Multi-Peril Crop Insurance (MPCI) for weather and disease risks, and hail insurance to supplement coverage.
Do you handle tax services for agricultural businesses?
Yes, we specialize in farm tax planning, preparation, and IRS audit representation for Minnesota farmers.
What payroll services are available?
We manage payroll processing, tax deposits, W-2/1099 forms, and compliance with state regulations.
How can bookkeeping help my farm business?
Our bookkeeping services track financial performance, simplify tax filings, and support informed business decisions.
What areas do you serve?
We serve Warren, East Grand Forks, Crookston, and surrounding areas in Minnesota.
