CPA's gift to benefit future ag accountants

Recognized as a grain accounting and auditing expert, Duckworth decides to give back to agriculture by helping future professionals finance their education.

By Chris Anderson

IAA Foundation (1)

Clifton Duckworth knows the value of receiving a college scholarship. That’s why he decided to pay it forward by donating $22,500 to the IAA Foundation Scholarship Program.

The foundation will offer the first Clifton L. Duckworth, CPA Ag Accounting 4 Tomorrow Fund scholarship next year. Eligible candidates will be accounting majors entering their junior year of college, who are Illinois Farm Bureau members, and either come from a farming background or have an interest in pursuing an accounting career that involves service to the agricultural industry.

“When I was general manager of the Illinois Agricultural Auditing Association (IAAA), I was involved in training CPAs (Certified Public Accountants) and wrote manuals,” said Duckworth of Secor, who retired from IAAA in 2004. “I started receiving royalties from the manuals. I received much from education, and I’m giving back to education.”

Duckworth, an IFB member who lives on a Woodford County farm, noted he fully believes in Farm Bureau.

“I like Farm Bureau, accounting and agriculture. I had a great career. This is payback,” said Duckworth, who raises cattle and crops with his son, Tom. 

Duckworth grew up on a southern Illinois farm. He received a scholarship that covered tuition at Southern Illinois University-Carbondale (SIU-C).

Upon graduation, Duckworth began his career with IAAA as junior auditor. He obtained his CPA designation in 1969 and worked for SIU-C for three years before returning to IAAA as an audit manager. He worked for the association for 36 years before retiring as general manager.

CliftonLarsonAllen, based in Minneapolis, acquired IAAA in 2014. The association was IFB’s oldest affiliate.

“Providing the scholarship is the right thing to do to recognize the importance of auditing and accounting to farmers and commemorate IAAA’s legacy,” Duckworth added. 

During his career, Duckworth was recognized as a grain accounting and auditing expert by the grain industry, the Illinois Department of Agriculture, USDA, the Grain & Feed Association of Illinois, the Illinois CPA Society and the American Institute of Certified Public Accountants.

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