Fruit Farm Business Summary: Lake Ontario Region New York 1989
Snyder, Darwin P.; DeMarree, Alison M.
This report is a summary of 1989 farm business data collected from 19 fruit farm businesses located in Western New York State. Apples are the predominant fruit crop. The data are presented as averages for all 19 farms and the same 12 farms summarized for 1988. The business analysis includes a balance sheet, income statement, cash flow statement, and several financial and production analyses for the farms. Also included are blank columns for the user to enter his or her own farm data for comparison purposes. The primary objective of the fruit farm business summary, FFBS, program is to help farm managers improve the financial management of their business through appropriate use of historical farm data and the application of modern farm business analysis techniques. The FFBS identifies the business and financial information farmers need and provides a framework for use in identifying and evaluating the strengths and weaknesses of the farm business. A computer program is used in the field to process the data collected from fruit farmers. This program enables an analysis to be produced on the farm as soon as the farmer's data are entered. This provides rapid processing of the information provided for timely use in the management of the farm business. The farms in this study are primarily apple farms. An average of 79 percent of the receipts in 1989 was from the sale of apples. The data were not obtained from a random sample of all fruit farms in Western New York. Therefore, the analysis should not be used to represent the Western New York fruit industry.
A.E. Ext. 90-22
Charles H. Dyson School of Applied Economics and Management, Cornell University