DairyCast Industry

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.

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.