1999 Business Analysis Summary For Swine Farms

This report is a summary of the financial and production records kept by swine farmers enrolled in the Telfarm/MicroTel record program through Michigan State University Extension. Farm records were included if a Finan summary was completed on 1999 data including beginning and ending balance sheets, plus income and expenses. The summary was included if cash discrepancy was less than 10% of gross cash inflow, and if the debt discrepancy was less than $1,000. The averages are reported in the tables below; it should be recognized that considerable variability exist in the data. Six (6) of the nine (9) farms grew crops in addition to hogs. The unweighted mean of acres cropped was 1,047 acres; the standard deviation of the mean was 583 acres and the median was 1,074. The unweighted mean of the net farm income for all nine (9) farms was $(38,306). The standard deviation of the mean was $130,884 and the median was $3,008 of the net farm income. This report has three purposes: 1) to provide statistical information about the financial results on swine farms during 1999; 2) to provide production costs for comparative analysis and forward planning; and 3) to provide information on the trends in resource use, income and costs during the last few years. For swine farm averages in 1995, see Staff Paper 96-86, Michigan Farm Database, New Directions for 1995; it contains averages of 19 swine farms calculated with Finansum. Staff Paper 97-30, Business Analysis Summary for Swine Farms, contains averages of 17 swine farms for 1996. Staff Paper 98-23, 1997 Business Analysis Summary for Swine Farms, contains averages of 20 swine farms for 1997. Staff Paper 99-34, 1998 Business Analysis Summary for Swine Farms, contains averages of 14 swine farms for 1998. These staff papers are available from the author at http://www.msu.edu/user/nott