Financial Management Practices of New York Dairy Farms
Gloy, Brent A.; LaDue, Eddy L.; Youngblood, Kevin
This study examines New York dairy farm manager’s attitudes toward and use of financial management practices. A mail survey of Cornell Dairy Farm Business Summary participants was used to gather data regarding financial goals, business analysis, financial control, investment analysis, investment decision making, and capital acquisition. Completed questionnaires were received from 137 of 352 farms. The report summarizes the data collected from these farms. Results provide information regarding the degree to which farmers use various financial management practices and their attitudes toward these practices. Further, the relationships between farm profitability and financial management practices are examined.
Charles H. Dyson School of Applied Economics and Management, Cornell University