100 Million Not 10 Million
In my last post, I referenced a sample dairy farmer taking advantage of the Dairy Margin Dashboard put out by the University of Illinois. Since my eyes have gotten a little older, I missed the fact that my input was based on 100 million pounds, not 10 million pounds. Everything else is correct, other than the fact the dairy is 10 times as large. 100 million annual pounds is close to a 4,500 head dairy.
Paul Neiffer, CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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