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Dairy Non-Feed Income and Expense Benchmarks

Author

Listed:
  • Martinez, Charles
  • Bilderback, David
  • Eckelkamp, Elizabeth
  • Pepper, Hal
  • Cross, Tim

Abstract

In any business, record keeping is a financial priority. In agriculture, record keeping can help producers understand the breakeven value, cost structure and profitability drivers for their business. A major benefit can also be analysis of financial health. University of Tennessee Extension has developed the Dairy Gauge Benchmarking program to help dairy producers better understand what their financial statements suggest about financial health. Within the program, there are three areas that were developed specifically for gauging a dairy business’s health. The three areas are 1) balance sheet and profitability dairy benchmarks, 2) dairy feed benchmarks, and 3) dairy non-feed income and expense benchmarks. This publication is focused on the non-feed income and expense benchmarks.

Suggested Citation

  • Martinez, Charles & Bilderback, David & Eckelkamp, Elizabeth & Pepper, Hal & Cross, Tim, 2021. "Dairy Non-Feed Income and Expense Benchmarks," Extension Reports 309395, University of Tennessee, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:utaeer:309395
    DOI: 10.22004/ag.econ.309395
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    Keywords

    Agribusiness; Farm Management; Productivity Analysis;
    All these keywords.

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