Operating statements are common in the accounting programs of business firms. These statements are used by the managers to see how the business is doing. In large firms, the operating statements are usually published in quarterly or annual reports. These reports provide the stockholders with a general summary and analysis of the operation. In farm account work, we have not as a rule referred to operating statements and annual reports. However, in the Extension farm business management projects, the general summaries that are prepared are essentially in operating statement form and might be considered as an industry Thirty-six poultrymen scattered over the State submitted records of their 1968 businesses for summary and analysis. Some were participants in the Cornell electronic farm accounting program while others kept conventional type record books. All were checked by the farmer and the Extension Agent and sent to the College for summarization. Eighteen of the farms were layer operations with no crops. Eleven farms were layer operations which also grew grain. There were three contract operations and four with one or more major enterprises in addition to the poultry. All 36 are included in a general summary but only the 18 straight layer operations and the 11 layer and grain crop operations are included in the detailed analysis. The report is prepared in workbook form. Group averages are presented along with space for the figures from an individual business. This makes it convenient to systematically analyze your operation and compare it with the group averages. A careful summary and analysis is basic to finding ways to improve a business. It is hoped that this workbook will help you and your neighbors analyze your businesses for 1968.