Wisconsin bankers' farm bulletin
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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