Poultry Farm Business Summary: 1983
Cunningham, D.L.; Lowry, A.C.
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 1983 record year, 21 poultry producers submitted records for summary and analysis. Extension field staff working with poultry producers 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 two groupspoultry (egg production) only, and poultry and others which include those with other major enterprises such as crops, dairy or hogs. The economic climate for poultry producers in 1983 improved considerably over 1982. The cost of producing eggs in 1983 was 2.9¢ less than 1982 while egg prices averaged 1.9¢ a dozen higher. Most poultry producers had positive labor income values in 1983 whereas most of the income values in 1982 were negative. 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 poultry producers in the State, to teachers of agriculture, college farm management instructors, agency representatives, and to agribusiness persons.
A.E. Ext. 84-27
Charles H. Dyson School of Applied Economics and Management, Cornell University