Dairy Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. October 27, 2026

Financial Ratios	Dairy Farms
Financial Ratios	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025e. 59 % ready	2026E	2027E
Farms represented	6 210	5 840	5 360	6 220	5 700	5 340	4 970	4 560	4 190	3 850	3 540	3 540	3 540
Farms in sample	280-290	260-270	250-260	230-240	220-230	200-210	190-200	180-190	320-330	150-160	150-160	150-160	150-160
Arable land	68.0	70.5	74.3	71.3	82.3	88.5	95.4	99.8	113.1	117.0	121.4	121.3	121.3
Livestock Units	56.0	59.4	59.7	55.4	66.7	68.4	73.1	77.6	83.3	85.2	88.8	88.9	88.9
Entrepreneurial Profit	-50 600	-55 800	-42 700	-51 000	-46 300	-34 700	-31 200	-4 640	-45 600	-92 700	-40 600	-63 000	-86 000
+ Wages Claim	63 300	65 900	63 200	64 200	64 900	64 700	65 600	67 300	72 300	70 900	72 700	74 000	75 000
+ Interest Claim	18 200	16 200	15 300	15 100	18 600	17 800	18 400	21 700	38 700	51 200	53 600	53 300	53 900
Farm Net Income	30 800	26 200	35 700	28 300	37 200	47 700	52 900	84 400	65 400	29 400	85 700	64 300	42 800
Profitability Ratio	0.37	0.32	0.45	0.35	0.44	0.57	0.62	0.94	0.58	0.24	0.66	0.49	0.33
Return on hour of family work	5.8	5.0	7.1	5.6	7.0	9.1	9.9	15.1	9.4	4.1	11.6	8.8	5.9
Return on equity %	1.6	1.2	1.6	1.2	1.7	2.2	2.2	3.4	3.1	1.6	4.6	3.4	2.2
Farm Net Income	30 800	26 200	35 700	28 300	37 200	47 700	52 900	84 400	65 400	29 400	85 700	64 300	42 800
- Interest Claim	-18 100	-16 200	-15 300	-15 100	-18 500	-17 700	-18 400	-21 600	-38 800	-51 200	-53 600	-53 300	-53 800
=Earnings	12 600	10 000	20 400	13 200	18 600	29 900	34 400	62 700	26 800	-21 800	32 100	11 000	-11 000
Hours of family work	4 050	4 160	4 020	4 010	4 050	4 040	4 100	4 180	4 300	4 120	4 150	4 170	4 170
=Hourly earnings	3.1	2.4	5.1	3.3	4.6	7.4	8.4	15.0	6.6	-5.3	7.7	2.6	-2.6
Equity	425 500	421 300	448 300	423 900	476 000	508 700	568 100	671 800	744 600	760 500	811 200	809 900	809 900
Total assets	658 300	661 800	704 300	639 300	767 100	828 800	900 600	1 020 000	1 114 000	1 132 000	1 203 000	1 201 000	1 201 000
Equity ratio	64.6	63.7	63.7	66.3	62.1	61.4	63.1	65.9	66.8	67.2	67.4	67.4	67.4
Net Result	-27 300	-34 100	-21 800	-30 400	-21 400	-10 300	-5 480	24 800	6 700	-23 200	30 500	8 860	-12 900
Total assets	657 600	664 000	685 400	632 500	757 000	805 200	876 000	978 300	1 104 000	1 132 000	1 186 000	1 183 000	1 183 000
Return on assets %	-4.2	-5.1	-3.2	-4.8	-2.8	-1.3	-0.6	2.5	0.6	-2.1	2.6	0.7	-1.1
Standard Output. euro per farm	158 700	168 600	171 800	186 000	224 300	233 900	248 900	265 200	289 200	294 500	306 900	307 000	307 000
Farm Net Income per FWU	17 600	14 500	21 000	16 300	21 400	27 900	30 700	48 500	36 800	16 500	47 800	35 900	23 900