Know Your Production Cost

I came across this article on agweb.com indicating how important it is to understand your cost of production on the accrual method of accounting.  It’s good to see experts encourage producers to think accrual accounting when calculating cost of production.   Determining accrual cost of production is a common best management practice in the manufacturing and processing industries. 

Why not the ag industry, which if you think about it, is manufacturing and processing.  It’s something we’ve been doing with our clients for years, and knowing accrual cost of production numbers has really made a difference in their planning and management decisions.    

Money Saving Tip: Know Your Production Cost

Please contact a member of the Acuity Advisors' Ag & Agri-Business Services Team at 717.239.5180 if you have questions or need more information.


As required by the United States Treasury Regulations, you should be aware that this communication (including any attachments unless expressly stated otherwise) is not intended by the sender to be used, and it cannot be used, for the purpose of avoiding penalties under the United States federal tax laws.

Brush Up on Your Management Skills

Keep the advice of these experts in mind of staying sharp during good times as we are looking at record profits on the livestock sector side, and as we think planting this spring on the crop side.

Money Saving Tip: Brush Up on Your Management Skills


Please contact a member of the Acuity Advisors' Ag & Agri-Business Services Team at 717.239.5180 if you have questions or need more information.


As required by the United States Treasury Regulations, you should be aware that this communication (including any attachments unless expressly stated otherwise) is not intended by the sender to be used, and it cannot be used, for the purpose of avoiding penalties under the United States federal tax laws.

8 Game-Changers to Drive Your Business Plan

When when thinking about yearly planning, it's tempting and easy to focus on the short-term.  However, long-term planning is also essential.  How do producers and agri-businesses plan as the industry finds a new normal?  This article from AgWeb.com gives some insights into eight key drivers to consider as you develop your long-term plan.

 

Big-picture issues have the ability to throw a major wrench in your five-year planning. How do you put together a credible five-year business plan given the monumental changes — record droughts, sky-high land values and huge export growth — of the last two years?