(517) 243-0563 tmbrmoun9@aol.com

Dairy Farm Accounting

It is very important that the accounting & recordkeeping in any dairy farm is accurate & current. Whether the “books” are posted by a family member or an outside source, the dairy farmer should be using the most up-to-date information to make informed decisions.

Business Services

Our accounting, bookkeeping and payroll services are designed to make your life easier so that you can focus on running your business.

Farm Services

Dairy Keeper has the expertise, experience, knowledge and know how to help you meet your farm accounting, bookkeeping, management and tax needs.

Tax Services

Our tax services include providing tax planning and support specific to your business and expenses. We also do personal income tax preparation.

ACCOUNTING

TAX SERVICES

The old adage of farming being a “way of life” no longer rings completely true. Farming is very much a serious business these days, much like any manufacturing or service industry within the community. Even the smallest dairy farm operations can show assets in excess of $1 million, as milk quota, in many cases with this size of unit, is the main contributor to the farm balance sheet. What business in town could afford not to know their financial position at any specified time? What dairy farm within a community could afford not to know their financial position, herd production, or milk production cost and profitability at any specified time?

Today’s dairy farmer lives in a whole different world, than the dairy farmer of a decade ago. Today’s dairy farmer needs to know and understand:

  • dairy farm economics
  • accounting and bookkeeping of the farm’s activities
  • know the milk production cost and profitability
  • herd management and feed nutrition
  • budget planning and forecasting farm earnings
  • implementing performance goals and benchmarks
  • knowing the break-even level for milk production profitability
  • the importance of making informed decision

Today our economic world, volatile markets, fuel cost and milk prices can have an immediate impact on your farm profitability. Knowing your production cost and profitability per CWT pounds of milk generated are vital.

Today the agriculture lender seeks more comprehensive accounting, tax and herd production information than ever before.

In today’s world, information is requested more frequent and request include more comprehensive numbers. To make the challenge more stressful, credit lines are much more contingent upon detail accounting, property valuation and herd production cost and profitability.

Banking regulatory agencies overseeing agriculture lending, now work with more comprehensive Federal and State lending regulations than before. This is a result of bank charge offs, economic conditions and volatile markets.

In today’s dairy farm finance and production world, Dairy Keeper will provide you accurate and timely financial, herd, production and tax information for making informed decisions in managing your dairy farm. We have the technology, knowledge, and experience to process your farm data on a timely basis and return financial, production and tax reports giving you accurate and up to date information.

We meet with you on a frequent basis to evaluate and review the farm’s financial and herd, production cost and profitability. We also will meet with you and your lender to review the farm’s over all financial activities and profitability. We have your best interest at heart and we provide accurate and quality service to meet your needs today and tomorrow.

1. Comprehensive farm accounting statements
2. Budget measurement
3. Milk production cost and profitability CWT
4. Feed cost CWT
5. Key financial ratios & benchmark performance
6. Farm inventory of property, grain, fuel & livestock
7. Labor and payroll taxes
8. Dashboard financial & herd production reporting
9. Income tax forecasting & tax return preparation
10. Management team evaluation & review

When you call Dairy Keeper and seek our services, we will take a few minutes to chat with you about your accounting, bookkeeping and tax needs for your farm. In addition, we will ask you some questions pertaining to your financial status, herd production, your dairy milking process and miscellaneous farm questions.

At this time, we ask you have available for our visit, a list of farm records when we arrive to talk about your farm financial and production needs. By having an idea of your financial needs and being able to review select farm records, our meeting time is more focused and we do not waste precious working time for you.

After giving us a call and making an appointment, we come directly to your farm, to meet with you in person.

After design, development and Dairy Keeper’s “cross-examination and review process”, we contact you to review and share our Farm Plan for you.

When planning our meeting, Dairy Keeper asks everyone who will be involved in administering, implementing and achieving completion of the Farm Plan, be available at our meeting. This meeting usually will take about two hours. The Farm Plan presentation is provided in detail with a time-line for being in place and functional.

Dairy Keeper will present each component of the Farm Plan and the expected performance results, after implementation. While your farming, we take care of your accounting, bookkeeping and tax services after you approve your Farm Plan. Dairy Keeper will meet with you monthly to examine and review financial statements, performance goals and production activity.

  1. Timely turn around of farm accounting & production reports
  2. Complete Financial Statements and Estimated Income Tax Liability
  3. Comparison to budget plan and measurement of performance goals
  4. Milk Production and CWT Cost and Profitability
  5. Analytical Farm Reports Applied to Dairy Operations

Performance Measures

  1. Budget Plan with comparisons
  2. Benchmarks & measurement
  3. Tracking of key financial data
Today’s dairy farm bookkeeping needs to provide:

  1. Detail accounting of income and expenses
  2. Herd production records of milk production
  3. Cost to generate milk and resulting profitability
  4. Feed cost CWT
  5. Balance sheet accurate valuation
  6. Up to date inventories
  7. Personal financial profile

Dairy Keeper’s Commitment To You

  • Provide frequent meetings at your convenience, to review financial results and milk production
  • Provide monitoring of benchmarks, budget, and performance goals with recommendations to improve efficiencies
  • Provide accurate information on a timely basis for making informed decisions and improving profitability
  • Provide quality service and meet your farmer’s financial and managerial needs

Dairy Keeper has the expertise, experience, knowledge and know how to help you meet your farm accounting, bookkeeping, management and tax needs.

At Dairy Keeper you are not just a number, you are our client and we care about you! Day in and day out, we perform a service with ethnic standards and demonstrate a quality of trust. We would welcome your farm business and take great pride in having you as our client.

By becoming a client of Dairy Keeper, “we are partners and your success is our reward”.

So, if your looking for a firm who is not afraid of getting mud on their boots, joining you in the milking parlor or in the garage to talk about your farm and financial needs, then give Dairy Keeper a call.

Contact Us

We encourage you to contact us if you have any questions or would like more information about Dairy Keeper Co. and our services. Please call, email, or submit your inquiry to the right and we will get in touch with you immediately.

tmbrmoun9@aol.com

(517) 243-0563

Home Office: 13430 Wood Road Bath, Michigan 48808-8408

Field Office: Lake City, Michigan

M-F: 9am-5pm, S-S: Closed

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