Agriculture & Dairy
The agriculture and dairy industry faces unique challenges on the road to profitability. Volatile commodity prices, high distribution costs and increasing competition can all have a tremendous impact on your business results. For practical guidance from experienced advisors who understand your business challenges, talk to the Agriculture and Dairy team at Schenck.
Expertise to assist you
Whether you are looking to enhance your profitability, compare your results to those with similar operations, or use technology to improve a current business process, Schenck can help.
Many of our team members grew up in agriculture and farming. Today, they combine that firsthand industry knowledge with their financial expertise to provide clients with business insight that impacts their bottom line. Count on us for assistance with navigating the maze of new tax regulations, analyzing your cash flow, or seeking new sources of financing.
Assurance and tax services
Because we understand the agriculture and dairy industry, our team of audit and tax specialists are able to go beyond compliance to provide you with practical recommendations to improve your profitability or efficiency.
In addition to helping you meet reporting requirements in all the states where you do business, we proactively seek out ways for you to reduce your tax liability. We help you understand the tax implications of business activities, and take advantage of the ever-changing tax credits such as the:
- Dairy and Livestock Farm Investment Credit
- Farmland Preservation Credit
- Food Processing Plant and Food Warehouse Investment Credit
- Dairy Manufacturing Facility Investment Credit
- Dairy Cooperative Manufacturing Facility Investment Credit
- Qualified Production Activities Credit
For more information on tax credits, download the Summary of Wisconsin Agricultural Tax Credits flyer.
Where can you turn to develop targeted goals and compare your operations to the best of the best? Our team can help you benchmark your business processes and performance metrics against others in the industry. We’ll analyze your metrics and explain the best practices we’ve observed, then apply these concepts to your operations.
Without profits, your business cannot survive in the long run. Your profitability depends on efficient operations and timely financial information that allows you to make knowledgeable decisions. We’ll help you measure current, past and projected profitability and provide ideas for improvement as an important component of running your business.
For more information on how Schenck’s Agriculture and Dairy team can help your business, give us a call at 800-236-2246: