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Berry Farm Business Summary 2014 Regional Workshop

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 Summary 2014 Regional Workshop

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  1. Berry Farm Business Summary2014 Regional Workshop Dan Welch Brad Rickard Percy Fang Charles H. Dyson School of Applied Economics and Management January 31, 2014

  2. 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

  3. 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

  4. 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

  5. Farm Balance Sheet (Table 1)

  6. Farm Balance Sheet (Table 1)

  7. Land Resources (table 24)

  8. Berry Crop Production (table 24)

  9. Size of Business and Yields (Table 27)

  10. Labor efficiency and COSTS (table 27)

  11. Capital efficiency and profits (table 27)

  12. For More information, and to join the BFBS, contact

  13. 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)

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