We understand what it takes to be a thriving dairy business owner. According to the US Department of Agriculture, food, agriculture, and related industries have become big businesses, contributing about 5.4% of the total gross domestic product (GDP), or $1.26 trillion in 2021.

You, too, can have a chunk of that, but only if you understand the financial side of the business. Maintaining a successful dairy farm depends primarily on trusted financial advice and solid record-keeping in line with the generally accepted accounting principles (GAAP). Keeping tabs on financial operations is hard enough; tracking the volatile market that directly impacts the price of farm produce is even more challenging. But, thankfully, that’s where we come in.

At Genske, Mulder & Company, LLP, we have years of experience helping dairy and ag farm owners handle their bookkeeping and accounting needs. We help you gain better control and understanding over finances to make more accurate business decisions.

Dairy Farm Accounting Insights to Help Your Farm Grow and Thrive

We have a team of seasoned agribusiness accounting professionals who will guide you in accounting best practices specific to your farming operation. Our service goes beyond financial statements and tax returns as we provide deeper insight into issues such as improving efficiency. Some of the services we offer include:

• Labor management
• Cash flow forecasts and projections
• Cost of production control
• Tax law tracking
• Structuring the business

Our Features and Benefits

Genske, Mulder & Company, LLP accountants have a wealth of knowledge in dairy farm accounting, so you get actionable clarity and not just spreadsheets.

• Detailed reporting: We use accounting software tailor-made for farming operations. These can produce farm-specific accounting reporting such as breakeven cost per acre and allows us to give you a detailed analysis of your results each season.
• Accounting services: You can take the hustle of bookkeeping off your plate by utilizing our professionals to record and reconcile your financial records and transactions.
• Tax preparation: Tax laws are tricky, but not for us. Our team of tax professionals has been drawing returns for dairy farm business owners for years, helping businesses manage tax liabilities and credits according to the law.
• Cash flow analysis: Our report will include pointers on the best times to sell your products to ensure you maintain sufficient working capital.

Experience Genske, Mulder & Company, LLP’s Client-Focused Approach

Most of our team members have worked in the agricultural industry, so they have first-hand experience. We work on all agricultural accounting for all types of farmers, providing market-leading value-added services such as projections, market basis balance sheets, and customized, modified, and work unit method enterprising.

Moreover, our experts will provide educational material to help you understand basic accounting principles and better your decision-making. We also team up with industry specialists in the tax, insurance, and commodity marketing space to provide a valuable all-in-one farm accounting solution. Get started today to learn how we can help you Grow and Thrive.