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.

What do farmers think about consumers?

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The U.S. Farmers & Ranchers Alliance's Survey of Farmers, Ranchers, and Consumers suggests that 93% of farmers and ranchers believe consumer's perception of US modern farming practices are somewhat or not accurate at all. The survey also notes that consumers are firmly divided on the direction of modern agriculture. These and other survey observations were discussed in the Food Dialogues Town Hall, segments of which can be watched on-line.

DairyCast 0426 - How Can Your Experience Impact Others?

DairyCast 0426 Show Notes:
  • We sometimes touch on topics or speakers outside of agriculture, especially when it helps us see the forest (more than just the trees).   Today, Robert Joss, Professor of Finance, Dean Emeritus of the Stanford Graduate School of Business, shares his Top 10 Life Lessons with a group about to graduate.  These thoughts are applicable regardless of your position on the journey.  Feel free the share the link.
  • Link to full video with Robert J. Joss.

What do consumers really think about farming?

consumer, farmer, and rancher survey

The U.S. Farmers & Ranchers Alliance released a consumer, farmer, and rancher survey that says 42% of consumers believe US is heading in wrong direction. Additionally, it states 93% of farmers believe consumer perception of modern farming is somewhat or not accurate. This sets up a disconnect in the US on food production practices and consumer preferences.

Consumers think about food production constantly, yet know very little about how food is brought to the dinner table. Consumers are firmly divided on the direction of modern agriculture.

Calculating The Cost of Weathered Hay


The value of hay this year is much higher due to the drought in many parts of the country. This calculator can help farmers discover the value of hay, especially weathered hay that may have damage.

From the Cattle Network:
This is a quick tool that can be used to determine if older hay really is the bargain it appears to be. The calculator can also be used to determine the amount of additional hay that is necessary to meet the cow herd winter requirements after accounting for the inedible portion of the hay.

DairyCast Update for September 8, 2011, Economy, Exports and Impact?


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DairyCast 0425 - Economics And Exports, How Does The World Economy Affect Your Feed Prices?

DairyCast 0425 Show Notes:
  • Looking at the impact world economic uncertainty is having on U.S. exports, and why we should see less volatility in the years to come in our feed grain markets. We talk with Purdue economist Dr. Chris Hurt.
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