Ohio State University Extension https://farmprofitability.osu.edu

Ohio Farm Business Analysis and Benchmarking Program

Ohio State University Extension
Ohio Farm Business Analysis and Benchmarking Program
Our goal is to help Ohio's farm families achieve financial success in today's challenging marketplace. We accomplish this with Farm Business Analysis, a program that analyzes every aspect of your farm business. To learn more about getting your finances in order and how a Farm Analysis can help your business, give us a call at 330.533.5538 or send an email to shoemaker.3@osu.edu.
pig
Ohio Farm Business Analysis and Benchmarking Program
Our goal is to help Ohio's farm families achieve financial success in today's challenging marketplace. We accomplish this with Farm Business Analysis, a program that analyzes every aspect of your farm business. To learn more about getting your finances in order and how a Farm Analysis can help your business, give us a call at 330.533.5538 or send an email to shoemaker.3@osu.edu.
Ohio Farm Business Analysis and Benchmarking Program
Our goal is to help Ohio's farm families achieve financial success in today's challenging marketplace. We accomplish this with Farm Business Analysis, a program that analyzes every aspect of your farm business. To learn more about getting your finances in order and how a Farm Analysis can help your business, give us a call at 330.533.5538 or send an email to shoemaker.3@osu.edu.
Cow
Ohio Farm Business Analysis and Benchmarking Program
Our goal is to help Ohio's farm families achieve financial success in today's challenging marketplace. We accomplish this with Farm Business Analysis, a program that analyzes every aspect of your farm business. To learn more about getting your finances in order and how a Farm Analysis can help your business, give us a call at 330.533.5538 or send an email to shoemaker.3@osu.edu.
Corn
       

Ohio Farm Business Analysis and Benchmarking Program

Welcome to Farm Profitability! 

By working with the Ohio Farm Benchmarking Program, we will complete a financial analysis of your farming operation.  This analysis will help you understand where your areas of profitability are in the business.  We will give you tools to understand the numbers behind your analysis, and will show you how to use them to further your success.  Finally, you will be able to compare your farm business to similar businesses across Ohio to see how you stack up to the competition.  There may be an area of expense you can work on reducing or another area of the business where you are able to make management decisions for a profitable future for your farm family.

Whole Farm Analysis

Enterprise Analysis

Personalized Reports

Annual Summaries

Machinery Cost per Acre

Cost of Production per Unit

 

News

  1. Cutting costs on your dairy farm

    Oct 19, 2017

    A penny per hundredweight trumps a dollar per cow in 2016

    For the country’s dairy farmers, there doesn’t appear to be anything “sweet” to anticipate in ‘16. On the contrary, slimming down production costs is essential. With a 4-year average total cost of production of $19.66 – which is already adjusted for bull calf and cull cow income –there is a yawning chasm between production costs and milk income per cwt.

    Where to start slimming? First, let’s determine “what is”. What are the big players in the list of costs?

  2. Don't cut your dairy profitability

    Oct 19, 2017

    How is your time best spent? Trying to cut expenses by a dollar per cow or a penny per hundredweight? For every hundred cows you milk, you will save $100 for every dollar you cut in production costs per cow. If each of those cows are putting 24,000 lbs. of milk in the tank each year, finding one cent per cwt in savings will save $240 per year. A penny per cwt. trumps a dollar per cow in 2016.

  3. Dairymen, who has your back?

    Oct 19, 2017

    During this year of financial challenges, it is easy to feel alone. Fact is, you shouldn’t. Dairy farmers and dairy support businesses you don’t even know are feeling challenged right along with you.

    With the June Class III likely to settle around +/- $13.20 per hundredweight, the good news is that will be around 50 cents higher than May’s $12.76 Class III.

    Currently, milk prices trading in the futures market for the rest of the year are looking more positive, although still below many farms’ full cost of production.