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Explore financial data and insights from 8 berry farms in this summary workshop, including balance sheets, income statements, labor efficiency, and more. Contact us to join the BFBS study. Research funded by NYFVI Project #AIC.12-001.
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Berry Farm Business Summary2014 Regional Workshop Dan Welch Brad Rickard Percy Fang Charles H. Dyson School of Applied Economics and Management January 31, 2014
Other States • UC Davis and University of California Cooperative of Extension: Sample Costs to Establish and Produce Berries • Penn State: Enterprise Budgets in Mid-Atlantic Berry Guide • North Carolina State: Blackberry Budget Program 2011
Overview of BFBS process • CCE educators and regional specialists worked with 8 farms to collect the data • 6 of the farms were smaller-scale, 2 farms grew berries in addition to tree fruit • Using the Fruit Farm Business Summary as a guide, created data tables of summary information, and specific areas • BFBS gives a whole-farm picture, next step is to develop enterprise budgets for each crop
The 27 Tables in the FFBS/BFBS • T1 to T4 Balance Sheet Information • T5 to T12 Income Statement Information • T13 to T19 Cash Flow Information • T20 to 23 Efficiency Analysis • T24 to T27 Farm Descriptive Statistics • Next I will show some of the preliminary summarized information from the current farms in the BFBS • Four considerations: • There are only data from 8 farms so far • Two of the 8 farms are much larger than the other 6 • Where possible, we make comparisons to FFBS • Enterprise budgets will tell us more about specific berries
Research Funded by THE NYFVI Project #AIC 12-001“Building a Better Bottom Line for NYS Berry Growers” Thanks for Listening! Questions? Suggestions? dlw56@cornell.edu (Dan Welch) bjr83@cornell.edu (Brad Rickard)