Dairy Farm Business Summary Progress Report Released by Cornell PRO-DAIRY
Katelyn Walley-Stoll, Business Management Specialist and Team Leader
Southwest New York Dairy, Livestock and Field Crops Program
The fourth and final progress report of the Dairy Farm Business Summary has been released for 2019. As dairy businesses across the state continue to analyze their financial and business performance utilizing the Dairy Farm Business Summary and Analysis Program, updated progress of the farm reports are provided to review the changes that have occurred from 2018 to 2019. With 147 farms participating in the DFBS for two years, from 2018 to 2019 the average farm herd size increased 6 percent and milk sold increased 7 percent. Worker equivalents also increased 2 percent leading to an increase of milk sold per worker of 5 percent from 2018 to 2019. Hired labor costs per worker equivalent increased 5 percent, but hired labor costs per cwt remained unchanged as milk sold per worker increased. Net milk price increased 14 percent leading to a net milk income over purchased grain and concentrate per cow increase of 24 percent. Debt coverage ratio increased 86 percent leading to a decrease in farm debt per cow of 5 percent. If you are interested in participating in the Dairy Farm Business Summary Program contact Katelyn by calling 716-640-0522.
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Upcoming Events
Is Grazing Sheep Beneath Solar Arrays and Opportunity for Your Future?
September 25, 2023
Mt. Morris, NY
Grazing sheep beneath utility-scale solar arrays can build wealth of present and future sheep farmers as vegetation management service providers and access to additional pasture. The Cornell Cooperative Enterprise Program (CEP) conducted a survey earlier this year completed by over 600 farmers. Farmers identified barriers to grazing sheep under solar arrays and weighed in on need for a producer-led organization to negotiate contracts on their behalf, coordinate logistics of multiple flocks, provide transport of sheep to and from the site, care for sheep while on-site, and provide supplemental mowing. Additional questions focused on processing and marketing needs.
Technology for Grazing Dairies Webinar
September 27, 2023
Join us for this free webinar! Brought to you by the dairy specialists of CCE NWNY and SWNY Dairy, Livestock and Field Crops Programs.
Protecting Against Murphy's Law: A FREE Live Seminar for Veterans.
October 4, 2023
What Can Go Wrong, Will Go Wrong!
Good ole' Murphy's Law is probably the best description of what it's like to be a farmer that there is! Join Cornell Cooperative Extension Farm Business Management Specialist, Katelyn Walley-Stoll, to learn more about the 5 areas of risk on farms and how to develop strategies to manage those risks. Participants will have the opportunity to identify areas of risk on their own farms and brainstorm ways to (try to) prevent the inevitable!
Registration is REQUIRED by visiting https://tinyurl.com/CCERisk or call Kelly at 585-268-7644.
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