The objective of the DFBS is to enable producers to:
• analyze their financial situation
• set future goals
• make sound financial decisions
The DFBS also allows producers to compare their business to an average of other producers.
“The DFBS has enabled our farm to make solid business decisions on expansions and monitoring income and expenses comparing ourselves to other farms in our area, state and country. Without the DFBS, we believe we will lose critical information that keeps us competitive and eventually lead to an unstable food supply in our region and statewide.”
-- Mark Stanton, farm operator of 360-cow dairy farm in Albany County, DFBS participant for 20 years.
Records submitted by dairy farmers provide the basis for extension education programs for farmers, applied research studies and classroom teaching. Individual farm data are kept strictly confidential. Participation in the project is free of charge for New York farmers.
Summary and Analysis Report
The summary and analysis report that producers receive includes:
*The Dyson School of Applied Economics and Management of the New York State College of Agriculture and Life Sciences at Cornell University and the County Extension Associations cooperate in sponsoring the Dairy Farm Business Summary and Analysis Project.
© 2014 Cornell University • Dairy Farm Business Summary • Charles H. Dyson School of Applied Economics and Management