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Abstract

In any business, record keeping is a financial priority. In agriculture, record keeping can help producers understand the breakeven value, cost structure and profitability drivers for their business. A major benefit can also be analysis of financial health. University of Tennessee Extension has developed the Dairy Gauge Benchmarking program to help dairy producers better understand what their financial statements suggest about financial health. Within the program, there are three areas that were developed specifically for gauging a dairy business’s health. The three areas are 1) balance sheet and profitability dairy benchmarks, 2) dairy feed benchmarks, and 3) dairy non-feed income and expense benchmarks. This publication is focused on the non-feed income and expense benchmarks.

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