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Objective

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:

• progress of the farm business

• income statement

• profitability analysis

• balance sheet

• balance sheet analysis

• statement of owner equity

• annual cash flow statement

• repayment analysis

• cropping program analysis

• dairy analysis

• capital & labor efficiency analysis

• receipts & expenses per cow & per cwt.

 

pdf Sample Report pdf

 

 

 

*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.

 


Links

What is the process of completing the DFBS?

Why should I participate in the DFBS?
Testimonials

Where can I get more information?



External Links

DFBS Computer Program

CCE Associations

Publications with DFBS Data

DFBS in the News

ProDairy

Faculty

Eastern Dairy Business Magazine

New York Agricultural Statistics Service

USDA

New York Farm Viability Institute


Dyson School