JOHN BERRY Ag Marketing Agent Lehigh Co. Extension Information is power! Think of the power and money one could command with perfect information. Think of all the regulatory statutes used to prevent Carlos R Leffler. Inc Lebanon Valley Farmeis Bank/Fulton Kessler's Inc Work, Land & Cattle Co Ladbroke Racing PA Rocky Meadows Farm Evergreen Tractor Co Bishard Insurance Svonavec Farms Medford Meals Lewis Veterinary Clinic Myhn Good Thrifty Pallet Co Lyn-Lee Farms Dr Robert Steele, PSU Calydon Farms Altmeyer’s Western Wear & Trailer Sale Chapman Corp Centre Equine Practice Metzler Systems Tn State Supply Co PA Simmental Assoc Maple Knoll Cattle Co Dutch Country Fancy Veal Peoples Bank Centre Herd Health Serv AgwayAgn Products Keystone Enterprise Del-Wood Kitchens Inc Tice Farms Ridgeview Vet Clinic D L Grumbme & Sons Sensemg Meat Ebersole Hog Farm Jadewood Valley Hampshires Brothers Construction Bill Weist Livestock W D Ranch Meadowlands Feed & Sup Sky Mile Farm Dale Welk Rogers Dairy Farm Ben Druck Door Co Marshall Machinery Co Wayne Bank Farmers for Tom Ridge, PA Ag Republicans Morrell Myers Deep Run Sheep Berlin Milling Bryan L Crouse Wayne Feeds Supply Store Smith's Hog Farm Blackbum-Russell Co Your Support of Pennsylvania Youth Is Appreciated the misuse of “insider” information. Unfortunately, we live in a world of imperfect information. Still, think of all the available information not being properly used that potentially could be transferred into power and money. A major Century K Homestead Weimer Custom Meats Reading Kubota T D N Gram Co Glenn Hoover Arnold Yorkshire Farm Terry Weyandt, Livestock Fox Hill Lumber Cresson Feed Mill Inc Bankert’s Duroc Rentzel’s Auction Service Bernard C Morrissey, Insur Country Butcher Shop Zartman Farms Don Gibas Lebanon Valley Auction Co Dime Bank William/Robin Hill Prime Veal Feed Greystone Personal Care Dale Lyle Contracting Dr Jeffrey B Becker Roupp Funeral Home Denms/Nancy Lyle Ezra H Good Inc Good’s Receiving Station Strock’s Farm Fresh Glass Lounge William McFadden Harry H Bachman, Auct Wild Bill’s Foods Livestock Reporter W Irvin Nelson Keyestone Show Pigs Edgar S Heberhg Stonehurst Farms Winebanks Hampshires & Simmentals BCE Junk Removal Bill & Debi Piper Herbalife Independent Distributor L & R Enterprises Cedar Grove Environmental Jan Frushone Gibas Farm Show Security Russell E Horn Sr Ryan Marshall Gene Schenck Robert’s Insurance Agency John F Martin & Sons Ken Smoker Record-Keeping SlnOaort Environmental solutions - Consulting & engineering 1 Compliance and permitting for air, water & soil 2. Dust and odor control - bag houses & cyclones. 3 Liquid separation, drying, filtration and treatment 4. Fuel handling for solid, liquid, gaseous & waste fuel 5 Retrofit burners and controls for waste fuels 6. Mobile incineration service Meets DEP & ERA regs. 7 Custom fabricated products for unusual applications. Smoker ■gw yompany CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS DEVELOPMENT ADVISORS "Your local source for convenient, professional tax preparation" o Now accepting new clients for business & 1040 preparation f Walk-in's welcome at our Leola office Work-site interviews available for business owners & / Other Services... f Business Development IISSJIS f Human Resource Advisory f Technology 'l'flYiHwfftfc m 49 E. Main Street, Leola, PA 17540 717-656-7544 - 717-665-5979 , 24 S. Main Street, Manheim, PA 17545 / X Morgantown, PA \ 610-286-9052 /£» GYSales & Rentals management challenge is to collect, sort out, and use accurate pertinent information for decision-making, while ignoring volumes of useless, time consuming and erroneous information, and at the same time not overlook essential helpful information. Record keeping is not particularly exciting work. In fact, it is usually quite boring. It is time consuming, often tedious, and has few immediate tangible benefits. The benefits come from being able to make correct decisions based on credible, documented information; and remember, information is power. Power to make the right decision with confidence; or at least as much confidence as is humanly possible m an imperfect world. Essential Effective management depends on accurate measurement. In fact, if it can’t be measured, it can’t be effectively managed. With risk management, the rub comes because measurement of many important variables is often subjective, and extremely difficult if not impossible. For this reason it is important to accurately measure those variables that can be objectively measured. Thus, the answer to the question for why detailed farm records are necessary and important. The popular expression made famous in the computer world, GIGO (garbage m-garbage out) applies to farm record-keeping. Any analysis is only as accurate and strong as the information used to support it. Farmers typically concentrate on activities exhibiting tangible results. Record-keeping for the sake of record-keeping is a waste of time. However, recording important CLAAS® harvesting equipment delivers high-quality hay for your herd demands Variable chambei and fixed chambei round balers produce dense, weather-tight bait that resist spoilii ROUATEX* net wr Heavy-duty* disc' disc mower condii efficiently and ev< proven tedders gently spreat hay up to 33' to accelerate dry down. Single and mufti rotor rakes with tandem axles and high-capacity adjust to uneven ground conditions to produce uniform, fluffy windrows. „ '' „ i Meeting all your harvesting needs! films Country Contact your local CLAAS dealer today for the harvesting machinery you need now. Visit our Internet site at www.claasoCamerlca.com or e-mail us at claas@claasofiunerica.com PENNSYLVANIA: Bence’s Farm Equipment 116 Willow Brook Lane Meyers Implements, Inc. 400 North Antrim Way, P.O. Box 97...717-597-2176 ..M.M. Weaver & Sons, Inc. 169 North Groffdale Rd ...Hetricks Farm Supply, Inc. Rt. 3, Box 177 ...Smith’s Farm Equipment 30 Acker Road Sandy Lake: Sandy Lake Implement Co., Inc Rt. 173, 3675 Sandy Lake Rd Longeneckers, Inc Rd. 2, Box 121 A-1 Bedford: Greencastle: Leola: New Bethlehem: Newport: Williamsburg: Lancaster Farming, Saturday, March 18, 2000-A39 information that can aid in the decision process and the effective management of risk is viewed as a worthwhile activity. Many record-keeping and accounting software packages are commercially available. Typical features include double entry accounting, preparing enterprise budgets, generating complete coordinated financial statements, and calculating the “sweet sixteen” financial performance measures. These packages are relatively inexpensive. Moreover, professional assistance is available from a multitude of private companies and institutions that specialize in helping farmers with their record-keeping and accounting activities In conclusion, remember it takes time to document farm performance. Time is a precious resource. So is accurate information about farm productivity. As profit margins narrow, survival depends on all resources available to the farm manager being put to their most productive use. V s M j * Rooty rakes /viable chamber round balers Fixed chamber round balers .814-623-8601 .717-656-2321 814-275-3507 717-567-3562 724-376-2489 814-793-3731