Dairy farmers throughout New York State submit business records for summarization and analysis through Cornell Cooperative Extension's Farm Business Management Program. Averages from a compilation of the individual farm reports are published in eight regional summaries and in one statewide summary. Accrual procedures have been used to provide the most accurate accounting of farm receipts and farm expenses for measuring farm profits. An explanation of these procedures is found on pages 3-5. Four measures of farm profits are calculated on pages 6 and 7. The balance sheet and cash flow statement are featured on pages 8-13. The dairy program analysis includes data on the costs of producing milk (pages 16 and 17). This special Eastern New York Dairy Summary is an average of 24 businesses that are renting substantially all of the farm real estate. The farm income, financial summary, and business analysis sections of this report include comparisons with average data on 138 owned dairy farms in the region. This report is prepared in workbook form for farm renters to use in the systematic study of their farm business operations. Business records for 24 farms in Albany, Columbia, Delaware, Rensselaer, Schoharie, Sullivan, and Washington Counties are summarized in this publication. The Eastern New York region consists of these counties plus Greene, Herkimer, Montgomery, Otsego, Schenectady, and Ulster Counties which do not have dairy farm business summary participants that classify as renters. The 138 owned dairy farms summarized in this publication include farms from the entire region.