Dairy Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. September 18, 2025
        Financial  Ratios           Dairy Farms
Average
    2010         2011         2012         2013         2014         2015         2016         2017         2018         2019         2020         2021         2022         2023         2024E         2025E    
Farms represented 101 200 10 100 9 530 8 960 8 430 8 040 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 4000<n<4010 340<n<350 330<n<340 320<n<330 310<n<320 300<n<310 280<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 75.1 52.5 56.1 60.0 60.6 64.4 68.0 70.5 74.2 76.9 82.2 88.4 95.4 99.1 114.0 118.6 118.6
Livestock Units 59.8 43.0 45.0 48.7 49.7 54.0 55.9 59.4 59.7 62.8 66.8 68.2 73.1 77.7 83.8 87.7 87.7
Entrepreneurial Profit -35 800 -32 100 -30 900 -32 200 -36 700 -31 600 -50 200 -56 000 -42 500 -52 400 -45 900 -34 600 -31 200 -4 730 -45 000 -38 100 -1 160
        + Wages Claim 62 900 56 600 55 800 58 000 58 700 60 500 63 200 65 900 63 200 64 600 64 800 64 400 65 600 67 300 73 200 75 900 77 200
        + Interest Claim 21 100 19 400 18 100 21 500 17 900 19 500 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 48 100 43 900 42 900 47 200 39 900 48 400 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 0.57 0.57 0.58 0.51 0.60 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 8.8 7.9 8.0 8.4 7.6 9.0 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 % 2.7 3.6 3.1 3.4 2.4 2.8 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 48 100 43 900 42 900 47 200 39 900 48 400 31 000 26 000 35 900 28 900 37 400 47 500 52 700 84 100 67 600 78 500 116 900
        - Interest Claim -21 000 -19 400 -18 100 -21 400 -17 900 -19 400 -18 000 -16 100 -15 200 -16 700 -18 500 -17 700 -18 300 -21 500 -39 400 -40 800 -40 800
=Earnings 27 100 24 500 24 800 25 700 22 000 28 900 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 4 070 4 040 3 950 4 000 3 930 4 000 4 050 4 170 4 020 4 030 4 040 4 020 4 100 4 170 4 350 4 410 4 410
=Hourly earnings 6.6 6.1 6.3 6.4 5.6 7.2 3.2 2.4 5.1 3.0 4.7 7.4 8.4 15.0 6.5 8.5 17.2
Equity 475 700 330 300 366 100 401 900 408 800 431 800 422 500 418 000 446 200 452 500 476 900 510 300 567 400 666 800 752 300 784 700 784 700
        Total assets 718 300 468 300 509 600 569 900 592 400 640 500 653 200 658 000 701 200 721 700 766 700 829 000 899 800 1 018 000 1 121 000 1 176 000 1 176 000
Equity ratio 66.2 70.5 71.8 70.5 69.0 67.4 64.7 63.5 63.6 62.7 62.2 61.6 63.1 65.5 67.1 66.7 66.7
Net Result -8 490 -9 220 -8 850 -6 410 -14 400 -7 080 -26 900 -34 400 -21 600 -29 100 -21 100 -10 200 -5 600 24 600 7 920 18 200 54 400
        Total assets 704 500 452 800 497 000 554 900 578 800 629 300 653 400 660 300 682 100 715 200 757 000 804 400 875 300 976 300 1 109 000 1 163 000 1 163 000
Return on assets % -1.2 -2.0 -1.8 -1.2 -2.5 -1.1 -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 187 000 128 700 133 000 143 500 146 700 159 100 158 800 168 800 171 700 181 500 224 500 233 600 248 800 265 200 289 500 303 200 303 200
Farm Net Income per FWU 27 200 24 400 24 200 26 500 22 600 27 100 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 27 200 24 400 24 200 26 500 22 600 27 100 17 800 14 300 21 200 16 700 21 600 27 900 30 600 48 300 36 700 42 200 62 800