Two recent articles in the farm press validate how far farm management technology has come, yet how far it has yet to progress to make a serious business impact.
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Topics: managerial accounting, farm management accounting, cost accounting, farm financial statements, accrual accounting, farm financial reporting, agricultural managerial accounting, farm inventories, farm records, farm software, ag software, agricultural decision support, business processes, agricultural software, farm accounting, enterprise analysis, precision farming
"The next generation of agricultural managers are asking how the industry can enable seamless data exchange between machines and Farm Management Information Systems. The costs of exchanging data are high due to the lack of common implementation guidelines, data transfer protocols, message standards, and standard reference data. Producers report that it is difficult or nearly impossible to move data from one system to another. To do so almost always requires data reentry, manual data transformation, and/or specialists to manage data."
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Topics: farm management accounting, agricultural managerial accounting, farm inventories, ag software, agricultural decision support, agricultural software, agricultural inventories, agricultural compliance, farm
Chris Barron of Carson and Barron Farms and a columnist with Top Farmer Magazine, introduces encourages a proactive approach to farm margin management in the recent article, Financial Fitness for Tomorrow.
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Topics: cost accounting, agricultural managerial accounting, farm software, ag software, agricultural decision support, agricultural software, enterprise analysis, farm budgeting, activity-based costing, Farm Margin Management
In the past three issues of this series we’ve used a mountain range metaphor to depict the relationship between three levels of computer applications—decision support, compliance and business processes.
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Topics: farm management accounting, cost accounting, accrual accounting, farm financial reporting, agricultural managerial accounting, farm inventories, farm software, agricultural decision support, agricultural software, enterprise analysis, farm budgeting, Cost center allocation, agricultural inventories, farm benchmarks, farm cost centers, farm profit centers
What do you use your computer for? Likely it’s to generate one of three levels of information. This article will discuss the objectives and limitations of each and describe how to balance and coordinated them in order to a more effective awareness and control of your business.
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Topics: cost accounting, accrual accounting, agricultural managerial accounting, agricultural decision support, business processes, agricultural inventories, quickbooks, agricultural compliance
September 27, 2019
2018-19 Corn and Soybean Benchmarks Reveal "Awesome" Variances
"Labor and machinery variances are just awesome," according to the latest corn and soybean cost of production benchmarks presented by John McNutt,
September 27, 2019
AgTech, FinTech and Tech-Savvy Producers Converge at Conference
Ag experts, farm owners and accountants from 13 states and provinces met in Moline, Illinois, to catch up on tech trends and sharpen their...
July 18, 2019
Can Cloud-Based Data Management Ease Ag Financing?
Farm Futures recently published a
story by Mike Wilson reporting on the partnership between
Conservis and
Rabo AgriFinance that answers the...
July 1, 2019
2019 Software Success Summit
Mark your calendars for Monday, August 19 through Wednesday, August 21 for the premiere software knowledge and networking event for agriculture's...
May 6, 2019
Management Accounting Automation--the "Virtuous Cycle"
(Part 6)
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation...
April 11, 2019
Farm Industry News Identifies Ag Accounting Trend.
If you’re struggling with a main street accounting program today, it might be time to reach out to a higher-level, farm-focused program for...
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Crop Benchmarks Reveal It’s the Overhead
Do you know the difference between profit and loss based on benchmarks? Consultants discuss the benchmarks that were released during ...
April 11, 2019
Objections to Growth Path Farm Accounting
Do you know where you are on the Growth Path Decision Tree? Find out by uncovering the Step Two question.
May 14, 2019
Management Accounting Automation
(Part 5)
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation...
March 8, 2019
Integrating Ag Technology Data with Financial and Managerial Accounting (Part 4)
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation Challenges, and...
May 14, 2019
Integration Through Enterprise Resource Planning Software
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation Challenges, and...
May 14, 2019
"Becoming a farm CEO," an interview with Dick Wittman
| "What is the value of this kind of information if I can get it delivered to me in a more integrated fashion?" |
May 14, 2019
2019 Farm Financial Standards Guidelines Released
Menomonee Falls, WI, (Jan. 19) –An updated version of the Financial Guidelines for Agriculture has been released by the Farm Financial Standards...
May 14, 2019
Join us at the Farm Futures Business Summit
Learn new farm management and marketing skills and network with other producers from around the country at the 2019 Farm Futures Business Summit
June 11, 2019
Integrating Ag Technology Data with Financial and Managerial Accounting
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation Challenges, and...