The thought and effort behind the action. The Company Incorporated Bylaws Officers Annual tax report...
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Transcript of The thought and effort behind the action. The Company Incorporated Bylaws Officers Annual tax report...
![Page 1: The thought and effort behind the action. The Company Incorporated Bylaws Officers Annual tax report Liability Insurance Clear identification of resource.](https://reader035.fdocuments.in/reader035/viewer/2022070403/56649f2c5503460f94c4769b/html5/thumbnails/1.jpg)
AdministrationAdministration
The thought and effort behind the action
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The Company
• Incorporated• Bylaws• Officers• Annual tax report• Liability Insurance• Clear identification of resource ownership
– Good Shepherd Turkey Ranch, Inc.– Reese Farm– Williamson Farm
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Board of Directors
• Frank Reese, Jr., President
• Jeff May, Vice President
• Dave Mueller, Vice President
• Danny Williamson, Secretary/Treasurer
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Monthly Meetings
Mission – everything is filtered through this lens
• All meetings are tape recorded
• Follow Roberts Rules of Order
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Agenda
• Previous minutes
• Financial Report– Payables – receivables – checks written – cash flow – financial projection
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Agenda
• Inventory– sold – in storage: fresh, refrigerated and frozen – coming in – sent to primary customers – at processing plant – What’s not selling
• develop plan based on shelf life, product value
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Agenda
• Line of Credit– Status– Payment schedule– Interest
• Old Business
• New Business
• Agenda & officiator set for next meeting
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Roles – Danny Williamson
• HACCP• Labeling• Website• Orders• Shipping – liaison with processor on this• Record keeping & archives• Book keeping• Meeting notification & agenda development• Reception – calls go to him
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Roles - Jeff May
• Liaison between GSTR and farmers– Meets with every farmer every 2 months– Helps set up farm plan– Manages all contracts
• Rules & Regulations
• Liaison with Processing– Negotiates terms– Establishes dates
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Roles – Brian Anselmo
• Customer Relations– with new customers– When there are shortages & replacements
• Processing– On-site rep– Product distribution & delivery
• Liaison between GSTR hatchery & farmers– Hatchery record keeping– Learning to run hatchery– Delivers day-olds to farmers
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Roles – Frank Reese
• Oversees entire operation– Mediator / Negotiator both inside and outside of GSTR
• Genetics– Manages breeder flocks – Operates GSTR hatchery
• Quality Control– Liaison with Graders and USDA– Decides what’s Grade A and downgrade
• Marketing, Promotion & Sales– His story and his face sell the product– Liaison with primary customers– Developing new markets
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Production Planning
• 1 year in advance
• New business: – Chickens: Contract
+ 6 months
– Turkeys, ducks & geese: contract + 12 months
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Communication
Communication is imperative!
If the chain of communication is
broken, quality suffers and the market it lost
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FinanceFinance
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Financing
• Sources of funding– Loans– Credit– Personal resources– Enterprise Income– Other
• Cash flow issues
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Promotional Expenses
• Free birds + overnight shipping
• Posters
• Apron cards
• Promotional visits
• Other
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Marketing Expenses
• Label development
• Label approval
• Educating potential buyers
• Negotiating
• Other
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Pay & Benefits
• No one on the Board currently gets paid
• All have off-farm income– Frank works
• On farm: 7-8 hours/day x 7 days/week x 52• Off farm: 6 hours/day x 5 days/week x 52
• Hope Board can one day be paid as consultants
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Farmer Relations
GSTR contracts are different from industry
• Allowed to keep other livestock and poultry
• Allowed to sell eggs and meat beyond contract obligation (e.g. Farmers’ Market)
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Farmer Relations
• Farmers own birds & buy feed
• Farmers pay for transport to processor– $1500 per truck
• Farmers get paid according to grade