Jeff Reardon: Mar 22, 2022
Have reliable monthly numbers from a repeatable process Understand what is important on your financial statements Create and revise your grain/cash flow plan Train banking staff every year - no exceptions Work with only one bank for the operating...
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1 min read
Jeff Reardon: Apr 2, 2019
The process of Mark-to-Market accounting for Canadian grain elevators basically looks like this: Develop the routine of tracking data on the six...
3 min read
Jeff Reardon: Mar 27, 2019
Historical business truths typically come from very simple concepts. “Price is what you pay. Value is what you get” (Warren Buffet). “A penny saved...
2 min read
Jeff Reardon: Aug 14, 2018
How much unrealized profit or loss do you want to pick up on your financial statements? The answer to this question determines the method grain...
1 min read
Jeff Reardon: Aug 8, 2018
Producing financial statements monthly is the best way to monitor the progress of your business. Monthly statements that include a Balance Sheet and...
2 min read
Jeff Reardon: Aug 6, 2018
The end of summer brings thoughts of planning and profitability. Grain companies that buy grain from producers and sell it immediately to users of...
1 min read
Jeff Reardon: Jul 21, 2017
The first step is to eliminate break even from the discussion, no grain company is in business to break-even. Decide on a profit target and this...
1 min read
Jeff Reardon: Mar 7, 2017
Financial dashboards are an efficient way to integrate long term goals into your monthly management process. The most effective dashboards have...
1 min read
Jeff Reardon: Dec 6, 2016
Efficiency is the word I hear most often when talking with grain company CFO’s. The Sales, Operations, and Finance business segments need to be...
2 min read
Jeff Reardon: Jun 7, 2016
The word is out; grain merchandising margins are down all over the grain industry. Publicly traded and private companies are showing financial stress...
