Poultry Farm Business Summary: 1978
Bratton, C.A.; Cunningham, D.L.
Large nonfarm businesses usually prepare and publish an annual report in which they review and analyze the business for the year. This provides a basis for evaluating past operations and for making plans for the future. A similar summary and analysis is useful in managing a farm business. The Cooperative Extension business management projects provide farm operators an annual business report which can be used much the same as nonfarm business annual reports. Poultry farm business management records have been summarized by the College of Agriculture and Life Sciences at Cornell for a number of years. For the 1978 record year, 25 poultrymen submitted records for summary and analysis. Extension field staff working with poultrymen collected the figures for each farm and the College staff summarized them. The summary results are presented in this workbook. Poultry farm businesses vary in organizational makeup. The farms included in this report were divided into four groups; poultry (egg production) only, poultry and grain, pullet growing operations, and others which include those with other major enterprises such as dairy or hogs. Since there were only two pullet growing operations, the averages for this type are not published. The economic climate for poultrymen in 1978 was not as good as 1977. Egg prices hit a low in June then improved the remainder of the year. Layer feed prices for 1978 averaged a little lower than for 1976 and 1977. Prices of other production items in general rose. Grain prices were relatively low in 1978 so that poultrymen who had sizable acres of grain crops were in less favorable positions than in the earlier years of the 197O's. This workbook is designed to provide a systematic summarization and analysis of a poultry business. The group averages can be used in making comparisons. Working through this report step by step provides a good checkup for a poultry operation. In addition to the persons whose records are in the summary, this report should be useful to other poultrymen in the State, to teachers of agriculture, college farm management instructors, agency representatives, and to agribusiness persons.
Charles H. Dyson School of Applied Economics and Management, Cornell University