← FarmCPA Home

Are You Ready for the Super Bowl of Farming?

By: | Trackback URL | 1 Comment

February 7th, 2011

After watching the Super Bowl last night (and I must admit I was rooting for the Packers), I reflected on how our farmers may want to check their operations and management to see if they would be ready to play in the Super Bowl of Farming.

As a manager of your farm operation are you:

  • Using accrual accounting to determine your true net farm income for each year
  • Taking advantage of precision farming to minimize your input costs and maximize your revenues
  • Using a marketing plan each year for each crop
  • Maximizing your equipment utilization to reduce your overall equipment cost per acre
  • Providing appropriate incentives for your employees
  • Taking advantage of a Web Site to provide information to your landlords, employees and other interested parties
  • Being proactive with you banker by providing information before they ask and keeping them updated
  • Obtaining education each year on how to improve each of the above items.

How is your scorecard on each of these.  Could you play in the Super Bowl of Farming?

Paul Neiffer

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).

More Posts - Website

Follow Me:
Twitter

← FarmCPA Home

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    Somehow IRS listed several counties in Iowa as drought stricken. Hard to believe after all the rain this year 2 hours ago

    Just saw a bighorn sheep eating grass in the bank next to the freeway. Less than 30' from my car. 2 weeks ago

    After 82 days in a rental car my wife has talked me into a cruise. We leave Thursday for Miami. Can't wait 2 weeks ago

    Will final ear weights set a new record. If so final corn yield will be going higher (unless we get an early hard freeze) 3 weeks ago

    Getting Train the Trainer info on the new Dairy Margin Protection program today in Denver. Learning a lot so far 3 weeks ago

    Has the chatter on an early freeze disappeared or is it just dormant 3 weeks ago

    Ag Economy; Policy Issues; and, Political Notes: farmpolicy.com/2014/09/05/ag-… 3 weeks ago

    Nothing prettier in August than to see rain water on the ground. At least the crops like it 1 month ago

    If tenants have compensated landlords fully for cash rents over the last few years, it will be much easier to get them to accept lower rents 1 month ago

    Is this Russia / Ukraine a case of buy the rumor / sell the news 1 month ago