This 1998 information was summarized from 35 dairies providing complete and verifiable financial information. Dairies were also examined for unusual circumstances such as herd expansion or start-up that might distort the summary. Please keep in mind some assumptions when interpreting this information. All revenues and expenses were accrual adjusted for changes in inventory, accounts payable, and prepaid expenses. Balance sheet data were based on market values.
Participants are able to directly compare their performance to the summary information listed here.
They also receive analysis reports that provide a number of comparisons for the operating, financing, and investing activities of the business, including benchmarks of the top project dairies. There is also a listing of related downloadable dairy business articles. Dairy Business Analysis Project 1998 preliminary results. Based on net farm income from operations per cwt. 2 Balance sheet information computed as average between beginning and ending values for year divided by average number of cows.