Cattle Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. September 18, 2025

Financial Ratios	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024E	2025E
Farms represented	41 300	39 100	37 800	35 800	35 300	34 400	36 500	35 300	34 000	34 500	32 600	32 000	30 800	29 900	29 200	25 100	24 700	24 200	25 600	27 700	27 200	26 700	25 900	24 800	23 900	23 900
Farms in sample	780<n<790	740<n<750	720<n<730	740<n<750	760<n<770	800<n<810	850<n<860	880<n<890	880<n<890	890<n<900	870<n<880	840<n<850	800<n<810	790<n<800	780<n<790	760<n<770	750<n<760	720<n<730	680<n<690	700<n<710	690<n<700	660<n<670	630<n<640	590<n<600	580<n<590	580<n<590
Arable land	42.4	44.1	45.6	50.9	49.6	52.6	52.2	55.7	56.7	57.1	60.9	63.0	64.4	66.6	70.0	72.0	73.6	74.7	77.9	74.5	77.7	79.5	82.0	86.6	88.3	88.3
Livestock Units	28.4	29.9	31.5	33.5	31.9	33.8	31.2	33.1	32.6	30.4	31.6	31.4	31.9	31.6	34.6	34.6	34.8	34.1	32.2	32.2	35.4	35.4	33.9	30.2	30.5	30.5
Entrepreneurial Profit	-10 500	-11 500	-20 100	-24 700	-25 400	-27 600	-25 200	-18 300	-26 400	-32 200	-27 800	-24 700	-27 700	-28 200	-30 800	-33 000	-36 800	-27 000	-28 000	-26 400	-22 200	-17 200	330	-42 800	-39 600	-23 400
+ Wages Claim	27 100	27 300	36 400	40 100	39 400	40 800	37 000	36 600	35 800	35 100	37 100	35 000	35 100	35 200	35 100	35 700	35 400	33 800	34 900	32 500	32 300	31 500	31 700	32 200	32 800	33 300
+ Interest Claim	8 820	9 240	9 800	10 800	11 300	12 000	12 200	13 700	14 600	14 600	19 600	18 100	20 400	17 400	18 600	17 500	15 700	14 400	15 400	15 800	15 500	15 300	16 600	27 200	27 400	27 400
Farm Net Income	25 300	25 000	26 000	26 100	25 300	25 200	23 900	32 000	24 000	17 500	28 900	28 300	27 800	24 400	22 800	20 200	14 300	21 300	22 400	22 000	25 600	29 600	48 900	16 700	20 500	37 400
Profitability Ratio	0.69	0.67	0.55	0.50	0.49	0.46	0.47	0.62	0.46	0.34	0.49	0.51	0.48	0.45	0.41	0.37	0.27	0.42	0.43	0.44	0.51	0.61	0.97	0.27	0.32	0.58
Farm Net Income	25 300	25 000	26 000	26 100	25 300	25 200	23 900	32 000	24 000	17 500	28 900	28 300	27 800	24 400	22 800	20 200	14 300	21 300	22 400	22 000	25 600	29 600	48 900	16 700	20 500	37 400
- Interest Claim	-8 830	-9 250	-9 810	-10 700	-11 200	-11 900	-12 100	-13 700	-14 600	-14 600	-19 500	-18 100	-20 400	-17 400	-18 500	-17 500	-15 700	-14 400	-15 400	-15 800	-15 500	-15 300	-16 600	-27 300	-27 400	-27 400
=Earnings	16 500	15 800	16 200	15 400	14 000	13 200	11 700	18 300	9 340	2 830	9 270	10 200	7 360	6 940	4 230	2 730	-1 450	6 880	6 950	6 120	10 000	14 300	32 200	-10 400	-6 910	9 920
Hours of family work	3 570	3 450	3 360	3 550	3 370	3 310	2 980	2 900	2 750	2 590	2 640	2 480	2 420	2 360	2 320	2 280	2 240	2 150	2 180	2 030	2 010	1 970	1 970	1 920	1 900	1 900
=Hourly earnings	4.6	4.6	4.8	4.3	4.2	4.0	3.9	6.3	3.4	1.1	3.6	4.1	3.1	3.0	1.8	1.2	-0.6	3.2	3.2	3.0	5.0	7.2	16.3	-5.5	-3.6	5.2
Equity	179 800	187 600	201 100	218 600	229 600	245 500	251 300	288 400	297 600	290 300	316 400	350 600	365 600	376 400	395 200	407 500	400 500	413 300	417 000	410 300	429 200	451 300	508 100	520 000	524 600	524 600
Total assets	234 600	246 000	266 400	295 900	306 000	334 300	345 500	393 300	412 200	401 900	438 900	474 500	496 900	511 600	552 300	566 600	571 400	586 600	591 400	579 000	603 000	628 700	692 600	696 900	704 300	704 300
Equity ratio	76.6	76.3	75.5	73.9	75.0	73.4	72.7	73.3	72.2	72.2	72.1	73.9	73.6	73.6	71.6	71.9	70.1	70.5	70.5	70.9	71.2	71.8	73.4	74.6	74.5	74.5
Net Result	970	540	-7 510	-11 100	-11 500	-12 700	-9 830	-390	-7 040	-13 700	-4 790	-3 090	-3 620	-7 470	-8 350	-11 600	-16 900	-8 420	-8 170	-6 770	-2 840	2 120	21 100	-8 840	-4 830	11 100
Total assets	229 600	241 400	259 500	291 200	299 700	323 700	334 000	372 300	401 300	399 300	427 400	462 000	485 000	505 500	543 200	560 400	570 200	578 300	585 100	569 200	593 700	613 200	665 500	697 000	704 600	704 600
Return on assets %	0.4	0.2	-2.9	-3.8	-3.9	-4.0	-2.9	-0.1	-1.8	-3.4	-1.1	-0.7	-0.7	-1.5	-1.5	-2.1	-3.0	-1.5	-1.4	-1.2	-0.5	0.3	3.2	-1.3	-0.7	1.6