Whole Farm Financial Project: Analysis of 2013 – 2016 Financials
In a Nutshell
Eight fruit and vegetable farms provided a profit-loss statement and simple balance sheet for four years (2013 – 2016). Five of the farms averaged more than $24,000/ac in gross revenue for the 4-year period. Four of the farms had a “favorable” four-year average net income ratio, ranging from 0.23 – 0.43. Number of years farming as a business ranged from 2 – 14 years. No two farm financial strategies or situations are the same. This report serves as a starting point for profitability conversations, and for farmers to compare their own numbers with their peers.