Records showing the true cost to produce 100 lbs. of milk or a bushel of corn are the basis for determining profitability. PROGRAM GUIDELINES 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; 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. APPROVED PROGRAMS 1) P.F.A. New-improved cash flow program “AG-CAPS” the agricultural computerized accounting profits system. 2) Farm Credit Service - “AGRIFAX SYSTEMS” THIS PROGRAM IS EFFECTIVE FOR THE 1986 CALENDAR Good financially sound businesses have foundation a good accounting syst provides accurate records showing the c conditions on a timely basis. The good; is able to use these records to: 1) correct profitability problems, 2) plan necessary cash requirements, 3) analyze feasibility of equipment pi and 4) develop future operating plans. PENNFIELD PAYS For approved customers participating in th field Dairy Profit Program, Pennfield will 1 dairyman pay for his 1986 farm financial program. Payment will be based as follows: $l.OO per ton of complete feed purchased $3.00 per ton of concentrate purchased up to 50% of the total bill, but not to $300.00 WHY GOOD RECORDS?
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