Seven Actions To Prevent Embezzlement in Agribusinesses

Running a business, even in agriculture, requires having a sense of how the operations are working and keeping an eye on potential trouble spots. When money is involved, the opportunity for theft does exist. Having in place controls and process to keep theft away is an important management responsibility.
Unfortunately, embezzlement is not uncommon and is often difficult to detect. Embezzlement is a crime of opportunity and trust. A person who is trusted is placed in a position that allows him or her complete access to the financial data of the business, typically with minimal or no oversight by the supervisor or owner. The best way to prevent embezzlement is to first, be honest yourself in your activities.
Here are 7 actions to take:
  • Assign designated duties.
  • The owner should review reports.
  • Review your bank statement.
  • Know where your money is going.
  • Establish office policies.
  • Watch your overhead numbers.
  • Be a fair, consistent, honest leader.

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The Next Generation Takes Over the Dairy

Dairy Profit Seminar: Lunch and How do you do it? The next generation takes over the dairy, from the 2011 World Ag Expo.

Dairy Profit Seminar: Lunch and How do you do it? The next generation takes over the dairy from The Web Hounds on Vimeo.

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DairyCast 0403 - Life After Business Trauma

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DairyCast update for June 2, 2010, What are some ways to improve cattle handling practices

The dairy industry is taking a hit because of the actions of one former employee at Conklin Dairy Farms Inc. in Ohio. The actions of one person have created the impression that all dairies treat their dairy cows poorly. And this is certainly not the case!

The question for those of us in the dairy industry is "what do we do next?"

DairyCast 0369 - Capt. Scott O'Grady shares his story of survival through disastrous times (Part 2)

mp3DairyCast 0369 Show Notes:
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