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Penn State Dairy Farm Business Summary

Analysis by appointment
No fee to participate


 About the program:

Participants in this collaborative effort between Penn State and Cornell Universities will receive a complete and comprehensive analysis of their dairy business. Analyzing business performance can help detect bottlenecks to higher profitability. The Cornell Dairy Farm Business Summary has been in use for more than 50 years and has provided dairy farms of New York with valuable information for improving business performance during that time. Benchmarks generated from this program have helped producers evaluate their operations and make the changes necessary to improve their competitive position. Penn State has recently developed a collaborative agreement to bring this program to Pennsylvania dairy producers. By completing a data check-in form and submitting it to this program, producers will receive a complete and comprehensive analysis of their dairy business.

 

This comprehensive report includes:

  • profitability analysis
  • liquidity and repayment ability analysis
  • solvency analysis
  • labor efficiency analysis
  • capital efficiency analysis
  • dairy enterprise analysis
  • basic cropping enterprise analysis

 

Information required:

Participants’ data is entered into the Penn State-Cornell database and benchmarks
are generated from this data. Information needed includes:

  • cash receipts and expenses
  • accounts payable and receivable
  • beginning balance sheet
  • year-end balance sheet
  • land resources and use
  • detailed depreciation information
  • feed and supply inventory
  • livestock inventory
  • machinery and equipment inventory

For more information:

Contact Brad Hilty, information management specialist, at 888-373-7232 or email bhilty@psu.edu