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.

Are you considering expanding your milking parlor? If so, you probably know how daunting of a task it can be. However, with proper planning and the right resources, expanding your parlor can increase efficiency and productivity for your operation.