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Farm Business Analysis and Summary 9 Chautauqua County Grape Farms 1968

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Abstract

This report is a summary and analysis of the farm business records kept by 9 Chautauqua County grape growers for the 1968 calendar year. The records were kept under the Electronic Accounting Program with the assistance and supervision of T. D. Jordan, Associate County Agricultural Agent in Chautauqua County. Information recorded included expenses and receipts and beginning and ending inventories on the entire farm business. Except for one farm, grape growing was the most important single enterprise on each of the farms. An average of 85 per cent of the total work units were used on this fruit. The records from 12 farms in this County were summarized in 1967. Before that, the last grape record keeping project in this County covered the years 1956-1958. As was true in 1968 and in the earlier projects, growers included in this report were not selected at random. They were ones interested in a financial record of their businesses and a comparison with averages of other farms. This should be kept in mind as one studies this report. However, this report is useful to any grape grower. It provides a simple framework for summarizing and analyzing the farm business. Also, it provides standards which any grower can use as a basis for comparison to determine how his operations measure up to these averages.

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1969-06

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Charles H. Dyson School of Applied Economics and Management, Cornell University

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