Farm records are used by farmers as a tool in managing their businesses. Farm management extension programs have been built around record projects. Records make a logical starting point for analyzing a particular business and for studying the principles of good farm management. Electronic farm accounting systems have been developed and are now available in many places. The Cornell electronic system provides more detail than is in the "Cornell Farm Account Books." Monthly reports are made available to each cooperator which makes it easier for him to follow developments throughout the year. A more detailed annual summary and analysis of the business makes it possible to take a look at the operation in greater depth and in turn this analysis can be used in planning for the year ahead. The electronic farm account records for the dairy farms in Cayuga, Madison, Onondaga, and Oswego Counties have been included in this report. The individual farm figures have been combined to get group averages for comparison purposes. Some comparisons with records from all parts of the State for 1967 are also included. This report is organized so that one can systematically summarize and analyze a farm business by going page by page through the report. Spaces are available for filling in the figures for a specific farm that you may be studying. This workbook can be used by an individual to study his business or by a group as a basis for a farm management discussion program.