At Herbein + Company, Inc., we have brought together a team of experienced dairy and food processing accounting and consulting professionals. We service clients in large multi-plant and small niche dairies including, fluid, frozen, cultured, and cheese. Our experts attend and present at the nations largest dairy and food processing conferences and have over 30 years of experience in the dairy industry. This experience includes issues with the state regulatory systems and the federal order system.
Cost Benchmarking & Product Costing Comparisons
Staying competitive in today’s market means keeping one eye on your own company’s operational costs, and the other on the costs of your peers in the dairy industry. Our cost benchmarking service provides a comparison of your dairy’s cost of operation to the costs of similar fluid milk processing and distributing facilities.
Business Valuation
A professional business valuation is a critical tool which determines the current fair market value or your business. This information, when prepared and documented properly, can support your negotiations for the purchase or sale of a business, Employee Stock Ownership Plans (ESOPs), shareholder agreements, property settlements, insurance, and gifting or estate valuations.
Merger & Acquisition Assistance
Sales, mergers, acquisitions. We offer assistance to entities interested in buying or selling a business and can assist in the negotiation due diligence. The Herbein + Company, Inc. team includes experts in areas of economic and operational analysis, strategic planning, and business management.
Litigation Support
A legal conflict may cost your business valuable time and money or even your business. When confronted with legal problems which require special expertise and confidentiality, immediate assistance is needed. Our experience providing litigation support for the dairy industry allows us to respond quickly and with confidence.
Raw Milk Analysis
As one of the leading specialists in the dairy industry, Herbein + Company, Inc. is well equipped to review and benchmark your raw milk costs. We understand the relationship between your raw milk cost and every other area of your dairy business. The most efficient dairy operation cannot compensate for non-competitive milk costs; nor can sales or distribution.
Dairy Industry Seminars
Herbein + Company, Inc. offers seminars that are individually customized for your dairy business’ size and specific needs. A Herbein seminar can have a direct impact on performance by exploring hidden loss, reviewing advanced accounting strategies specific to the dairy industry, and focusing on relevant topics that affect your business.
Product Shrinkage Control
Herbein + Company, Inc. specializes in controlling product shrinkage and the other key issues dairy businesses face. Our expert staff becomes a part of your business team – interviewing and working with your key personnel on every step of the processing operation. The result of the Shrinkage Analysis is a proactive report, which specifies ways to make your company more profitable.
Estate & Business Succession Planning
How will your business continue after you retire? What will become of your estate? Answering these questions requires a special blend of experience and expertise in estate and business succession planning, a thorough understanding of the industry, and a measure of sensitivity to the significance of the succession planning process.