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A GUIDE TO ENTERING CONTRACT MILKING BY CMK CHARTERED ACCOUNTANTS
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CMK Chartered Accountants have put together this easy to follow guide with everything you will need to know about entering contract milking. From what experience you should have before jumping in, to financial responsibilities and career goals.
Here are 9 key points to consider before contract milking:
Contract milking is a significant step for many in the dairy industry, serving as a bridge between being a farm employee and a sharemilker. In this role, a contract milker is paid based on the volume of milk produced rather than receiving a fixed salary, where income is aligned directly with production.
Before jumping into contract milking, it is crucial to have solid practical experience with dairy farming, including sound knowledge of stock and pasture management. Potential contract milkers should also have basic skills in financial management or be prepared to learn quickly. Evaluating whether you have the required skills, and are ready, is essential.
Our team at CMK Accountants are here to guide you every step of the way. From understanding your farm’s financial health to optimising tax strategies, we’re dedicated to helping you weather the ups and downs of the dairy industry and build a secure future.
Contact us today.
