Dairy Alliance

After data has been processed, it must be presented in a manner that we can review and understand. The most common forms for reporting financial data include balance sheets, profit and loss statements, cash flow analyses and others. Business owners and their advisors (accountants, lenders and business consultants) can examine these reports and quickly assess the financial condition of a business, if data is properly collected, organized and processed. Different circumstances will require varied levels of detail from the reporting process. A single page income statement (P&L) may suffice the needs of the lenders, yet be inadequate for a business consultant to identify specific areas of the business that are losing money. A recommended list of financial reports, and the frequency of how often they should be generated are included in Table 1.

Articles:

Managing Information from Data to Decisions

As dairy businesses become larger and more complex decision-making becomes increasingly important. Information is the foundation of sound decisions.

Milk Production Costs of Pennsylvania Dairy Farms

"If you don't measure it, you can't control it". Producers must first determine their costs if they are to gain control over them.

Tools:

Monthly Monitor

As dairy businesses become larger and more complex decision-making becomes increasingly important. Information is the foundation of sound decisions.