A project recently funded by the University of Wisconsin’s Dairy Innovation Hub set out to explore patterns of costs of production per hundredweight among Wisconsin dairies, and in particular to explore how well the farms do at managing the costs of production over time given the never-ending challenges.  

How often have you heard about the importance of having financial statements? Perhaps you have heeded that advice and have used a variety of spreadsheet tools, software and outsourcing alternatives for creating accurate balance sheets and accrual income statements. Now what?

As a dairy producer, navigating the complexities of financial reporting can be a daunting task. One area that requires special attention is the accounting for leases, particularly with the implementation of the Accounting Standards Codification 842 (ASC 842).

Feeding cows is one of the most important jobs on the farm. First, feed is the largest expense on dairy farms. Feeders handle large quantities of pricey ingredients every day, so any mistakes they make can be costly.