@article{Smith:123006,
      recid = {123006},
      author = {Smith, Stuart F. and Knoblauch, Wayne A. and Putnam, Linda  D.},
      title = {BUSINESS SUMMARY NEW YORK STATE 1993},
      address = {1994-09},
      number = {640-2016-42636},
      series = {Research Bulletin},
      pages = {84},
      year = {1994},
      abstract = {This summary and analysis of 343 New York dairy farm  businesses demonstrates the use of cash accounting and  accrual adjustments to measure farm profitability, cash  flow, financial performance, and costs of producing milk.  Traditional methods of analyzing dairy farm businesses are  combined with improved evaluation techniques to show the  relationship between good management performance and  financial success. These farms averaged 130 cows per farm  and 18,858 pounds of milk sold per cow in 1993, which are  above the average size and management level of all New York  dairy farms. Net farm income excluding appreciation, which  is the return to the operator's labor, management, capital,  and other unpaid family labor, averaged $43,936 per farm.  The rate of return including appreciation to all capital  invested in the farm business averaged 4.6 percent in  1993.},
      url = {http://ageconsearch.umn.edu/record/123006},
      doi = {https://doi.org/10.22004/ag.econ.123006},
}