Dairy Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. October 10, 2025

Financial Ratios	Dairy Farms
Financial Ratios	Average	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024E	2025E
Farms represented	56 100	6 210	5 840	5 360	6 220	5 700	5 340	4 970	4 560	4 200	3 850	3 850
Farms in sample	2370<n<2380	280<n<290	260<n<270	250<n<260	230<n<240	220<n<230	200<n<210	190<n<200	180<n<190	170<n<180	170<n<180	170<n<180
Arable land	88.6	68.0	70.5	74.2	76.9	82.2	88.4	95.4	99.1	114.0	118.6	118.6
Livestock Units	69.4	55.9	59.4	59.7	62.8	66.8	68.2	73.1	77.7	83.8	87.7	87.7
Entrepreneurial Profit	-38 400	-50 200	-56 000	-42 500	-52 400	-45 900	-34 600	-31 200	-4 730	-45 000	-38 100	-1 160
+ Wages Claim	67 000	63 200	65 900	63 200	64 600	64 800	64 400	65 600	67 300	73 200	75 900	77 200
+ Interest Claim	22 500	18 000	16 100	15 300	16 800	18 600	17 800	18 400	21 500	39 100	40 900	40 900
Farm Net Income	51 100	31 000	26 000	35 900	28 900	37 400	47 500	52 700	84 100	67 600	78 500	116 900
Profitability Ratio	0.56	0.38	0.31	0.45	0.35	0.44	0.57	0.62	0.94	0.59	0.66	0.97
Return on hour of family work	9.2	5.9	5.0	7.1	5.6	7.1	9.2	9.9	15.1	10.0	11.4	17.1
Return on equity %	2.5	1.7	1.2	1.6	1.3	1.8	2.2	2.2	3.4	3.3	3.7	5.5
Farm Net Income	51 100	31 000	26 000	35 900	28 900	37 400	47 500	52 700	84 100	67 600	78 500	116 900
- Interest Claim	-22 500	-18 000	-16 100	-15 200	-16 700	-18 500	-17 700	-18 300	-21 500	-39 400	-40 800	-40 800
=Earnings	28 600	13 000	9 870	20 700	12 100	18 900	29 800	34 400	62 600	28 500	37 700	76 000
Hours of family work	4 140	4 050	4 170	4 020	4 030	4 040	4 020	4 100	4 170	4 350	4 410	4 410
=Hourly earnings	6.9	3.2	2.4	5.1	3.0	4.7	7.4	8.4	15.0	6.5	8.5	17.2
Equity	548 600	422 500	418 000	446 200	452 500	476 900	510 300	567 400	666 800	752 300	784 700	784 700
Total assets	852 400	653 200	658 000	701 200	721 700	766 700	829 000	899 800	1 018 000	1 121 000	1 176 000	1 176 000
Equity ratio	64.4	64.7	63.5	63.6	62.7	62.2	61.6	63.1	65.5	67.1	66.7	66.7
Net Result	-7 930	-26 900	-34 400	-21 600	-29 100	-21 100	-10 200	-5 600	24 600	7 920	18 200	54 400
Total assets	838 600	653 400	660 300	682 100	715 200	757 000	804 400	875 300	976 300	1 109 000	1 163 000	1 163 000
Return on assets %	-0.9	-4.1	-5.2	-3.2	-4.1	-2.8	-1.3	-0.6	2.5	0.7	1.6	4.7
Standard Output. euro per farm	223 600	158 800	168 800	171 700	181 500	224 500	233 600	248 800	265 200	289 500	303 200	303 200
Farm Net Income per FWU	29 000	17 800	14 300	21 200	16 700	21 600	27 900	30 600	48 300	36 700	42 200	62 800
Farm Net Income per FWU	29 000	17 800	14 300	21 200	16 700	21 600	27 900	30 600	48 300	36 700	42 200	62 800