Dairy Farm Business Summary and Analysis (DFBS)

June 19, 2014
Dairy Farm Business Summary and Analysis (DFBS)

The objective of the Dairy Farm Business Summary (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.

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.


DFBS Sample Report (pdf; 60KB)


Upcoming Events

Urban Berry Project: Growing Strawberries 101

May 29, 2024
5:00 PM - 7:00 PM
Upper Manhattan, NY

Join Makela Elvy, Anya Osatuke, and Dan Olmstead from Cornell University, along with the NYRP Urban Ag team, for a deep dive into everything strawberry! For beginning gardeners and advanced growers alike, this hands-on workshop will include an introduction to some of the preferred NYC-loving varieties, as well as a chance to plant out a new bed of strawberries in the Riley-Levin Demonstration Garden. SPACE is LIMITED! Registration is required.

New York State Honeyberry Conference

June 29, 2024
8:30 am - 4:30 pm
Mexico, NY

Join CCE Oswego and CCE Harvest NY for a state-wide conference on a new emerging fruit called Honeyberry, also known as Haskap (Lonicera caerulea). Honeyberries are a dark blue color, like blueberries, but with a distinct oval shape. The taste is most associated with raspberry and blueberry, while also containing its own distinctive flavor. The fruit can grow in USDA Plant Hardiness zones 1 to 8 and can survive up to 30 years or longer if properly managed. What makes the fruit unique is that it ripens from the middle of June through early July. This allows the fruit to sit comfortably between the strawberry and blueberry season. When fully mature plants can produce 6 to 10 lbs. of berries, which can be eaten as a fresh fruit or made into value-added products.

The conference will cover the history of the fruit, best growing practices, processing, value-added production, and marketing. Guest speakers will include growers and researchers from the US and Canada, including Dr. Bob Bors from the University of Saskatchewan. Attendees will also be able to network and attend an optional farm tour immediately after the conference. 

Announcements

Field Guide: Arthropod Pests of NYC Vegetables

Arthropod Pests of NYC Vegetables aims to help urban farmers and gardeners find, identify, and understand the most common and important insects and other arthropod pests found in New York City farms and gardens. Some of these pests are rarely mentioned in other guides but are common in NYC. The guide emphasizes scouting tips, including how to identify pests by the damage they leave behind, even when you can't find the insect itself.

This guide was created as a collaboration between Cornell Cooperative Extension's Harvest New York team and the New York State Integrated Pest Management Program.