2023 Production and financial benchmarks for New York organic dairies
2024
MacKenzie, Mary Kate
Financial benchmarking provides a valuable tool for farm managers to assess business performance and identify strengths and weaknesses. Yet information about the financial performance of organic dairies in New York can be difficult to find. The Dairy Farm Business Summary and Analysis Program (DFBS), housed at Cornell University, dates to the 1950’s and is arguably the most robust and longstanding dairy benchmarking program in the country. Participation in the DFBS is voluntary, and the number of certified organic dairies completing the annual summary has fluctuated over the years. After generating organic dairy benchmark reports for 2010 and 2011, the DFBS program did not publish any organic dairy data from 2012 to 2022, due to low participation by organic dairies over that period. In recent years, the number of organic dairies in the DFBS has risen, reaching the threshold to publish aggregate data for 2023. The resulting report “New York Organic Dairy Cost of Production: 2023 Benchmarks and Financial Performance” is available on the PRO-DAIRY website. This article summarizes key points from that report.
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