Records showing the true cost to produce 100 lbs. of milk or a bushel of
corn are the basis for determining profitability.
In order to insure the financial soundness of our dairy customers, Pennfield is
establishing a program to promote timely and accurate dairy profit
management. To participate in Pennfield’s Dairy Profit Program, the
dairyman needs the following:
For approved customers participating in the Pennfield Dairy Profit Program,
Pennfield will help the dairyman pay for his 1986 farm financial records
program. Payment will be based as follows:
THIS PROGRAM IS EFFECTIVE FOR THE 1986 CALENDAR YEAR!
PROGRAM GUIDELINES
1) An approved farm financial records program;
2) The records program must have the operation set up by enterprise,
i/e. 1) cropping, 2) dairy, 3) poultry;
3) The records program must furnish accurate monthly reports for
each enterprise.
$l.OO per ton of complete feed purchased
s3.oo.per ton of concentrate purchased
up to 50% off the total bill, but not to exceed $300.00
PENNFIELD PAYS
WHY GOOD
RECORDS?
Good financially sound businesses have
as their foundation a good accounting
system that provides accurate records
showing the operating conditions on a
timely basis. The good manager is able
to use these records to:
1) correct profitability problems,
2) plan necessary cash requirements,
3) analyze feasibility of equipment
purchases and
4) develop future operating plans.