The complexities of milk pricing and Federal Milk Marketing Orders are only a few of the issues facing chief financial officers, financial managers and accountants in the dairy industry today. Changing industry benchmarks and possible tax reform are timely topics that financial managers must stay on top of, in addition to all the federal regulations and dairy accounting practices.
To help members stay current, IDFA and Herbein + Company, Inc. are presenting the Dairy Accounting and Finance Workshop, Dec. 12-13 in Charlotte, North Carolina. The intensive two-day course will allow attendees to earn 16 Accounting and Auditing Continuing Professional Education (CPE) credits by learning strategies and skills to enhance their understanding of corporate financial functions specific to the dairy industry.
“Accounting and financial planning for a dairy company requires specialized knowledge of unique topics in our industry,” said Neil Moran, IDFA senior vice president of finance, administration and trade show. “If you are in a position to handle any aspect of accounting or pricing for a dairy company, this workshop will cover the information you need to benefit your company’s bottom line.”
The workshop will cover several topics, including:
- Applying dairy product pricing to different products;
- Developing cost centers, financial statements and reports;
- Financing dairy processing plants;
- Pricing dairy products outside the Federal Milk Marketing Orders;
- Forward contracting with and without milk price regulations;
- Buying and selling bulk cream;
- Analyzing product lines; and
- The future of milk pricing.
The workshop will also discuss current trends in farm milk production, dairy processing and manufacturing, milk and dairy product consumption, imports and exports and prices at the farm, wholesale, retail and international levels.
Registration for the workshop is available here. For more information, contact Melissa Lembke, IDFA manager of meetings and educational services, at firstname.lastname@example.org.