@article{Smith:123081,
      recid = {123081},
      author = {Smith, Stuart F. and Knoblauch, Wayne A. and Putnam, Linda  D.},
      title = {Dairy Farm Management: Business Summary, New York State,  1991},
      address = {1992-08},
      number = {640-2016-42615},
      series = {RB 92-6},
      pages = {85},
      year = {1992},
      abstract = {This summary and analysis of 407 New York dairy farm  businesses demonstrates the use of cash and accrual  accounting 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 III cows per farm  and 18,027 pounds of milk sold per cow in 1991, 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 $26,391 per farm.  The rate of return including appreciation to all capital  invested in the farm business averaged
3.8 percent in  1991.},
      url = {http://ageconsearch.umn.edu/record/123081},
      doi = {https://doi.org/10.22004/ag.econ.123081},
}