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Wisconsin bankers' farm bulletin
(1913-1919)

Wisconsin bankers' farm bulletin. Bulletin 65: farm accounts: why and how one man kept them PDF (1008.0 KB)



definite facts about his business as it was running as a basis for
making changes in his operations. And he took along home with him
a young accountant with some farm experience.
    Brown dies hard on the bookkeeping proposition. He had-the
common idea that a farmer didn't need to keep books. He had never
kept any records except a few memoranda and his check book stubs
and he didn't propose to let anyone waste his good time and money
"keeping books". But finally a young man who was earning his way
through the state agricultural college, was secured to start the new
system. The result was a compromise at first, with a complete vindi-
cation of the record idea later.
A REGULAR AND COMPLETE INVENTOR Y IS THE FIRST STEP,
                   IT PAYS WONDERFULLY
    The first thing done was the preparation of a detailed inventory
of property, according to classes, with all the unpaid bills sorted,
verified and arranged in order of due date, with a fine tooth combing
of the file of customer's accounts. This resulted in a statement which
loosened Banker Hall's hold on sufficient bank funds to meet the
maturing bills, while closer collections of customer's accounts fur-
nished more than enough for current expenses. Creditors, becoming
convinced that prompt payment when due was assumed, made better
prices and better terms, which effected a cut in expenses.
NEXT TO THE INVENTORIES THE DAIRYMAN NEEDS MOST
                THE MILK PRODUCTION SCORE
    The second thing done was the installation of milk scales, and
weighing each milking. A dozen cows were sold at once; they were
easy milkers and had been kept in the string by shirking milkers long
after they had ceased to pay for the milking; their stanchions were
left empty till four new cows could be found.
FEED CAN BE WASTED EVEN IF THE COWS CLEAN UP TEDIR
                           MANGERS
     At the same time the feeds purchased were listed by kind and
 amount and the amount and character of the feed actually fed com-
 pared with milk production. Reference to Henry & Morrison's "Feeds
 and Feeding"-"'tommy rot" to Farmer Brown and his barn men-
 showed that not only were the cows fed an uneconomical amount but
 a much too heavy ration. The new record keeper issued orders to
 feed one pound of grain to three of milk and changed the ration. He
 was laughed at and finally had to do the feeding himself, but except
 for a few days while the cows were getting used to the new feed,
 production was increased and cost of feed materially decreased. A
 further-large saving was effected in the better health of the cows;
 forced sales of cows on account of udder troubles stopped at once.


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