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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)

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