Dairy Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. January 21, 2026
        Financial  Ratios           Dairy Farms
Average
    2015         2016         2017         2018         2019         2020         2021         2022         2023         2024E         2025E    
Farms represented 55 800 6 210 5 840 5 360 6 220 5 700 5 340 4 970 4 560 4 200 3 850 3 540
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 88.7 68.0 70.5 74.2 76.9 82.2 88.4 95.4 99.1 114.0 118.6 122.8
Livestock Units 69.6 55.9 59.4 59.7 62.8 66.8 68.2 73.1 77.7 83.8 87.7 91.6
Entrepreneurial Profit -39 400 -50 200 -56 000 -42 500 -52 400 -45 900 -34 600 -31 200 -4 730 -45 000 -34 100 -18 100
        + Wages Claim 67 000 63 200 65 900 63 200 64 600 64 800 64 400 65 600 67 300 73 200 75 900 77 700
        + Interest Claim 22 500 18 000 16 100 15 300 16 800 18 600 17 800 18 400 21 500 39 100 40 900 42 400
Farm Net Income 50 100 31 000 26 000 35 900 28 900 37 400 47 500 52 700 84 100 67 600 82 600 102 000
Profitability Ratio 0.55 0.38 0.31 0.45 0.35 0.44 0.57 0.62 0.94 0.59 0.70 0.84
        Return on hour of family work 9.0 5.9 5.0 7.1 5.6 7.1 9.2 9.9 15.1 10.0 12.0 14.6
        Return on equity % 2.4 1.7 1.2 1.6 1.3 1.8 2.2 2.2 3.4 3.3 3.9 4.7
Farm Net Income 50 100 31 000 26 000 35 900 28 900 37 400 47 500 52 700 84 100 67 600 82 600 102 000
        - Interest Claim -22 400 -18 000 -16 100 -15 200 -16 700 -18 500 -17 700 -18 300 -21 500 -39 100 -40 800 -42 400
=Earnings 27 600 13 000 9 870 20 700 12 100 18 900 29 800 34 400 62 600 28 500 41 700 59 500
        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 4 430
=Hourly earnings 6.7 3.2 2.4 5.1 3.0 4.7 7.4 8.4 15.0 6.5 9.5 13.4
Equity 549 000 422 500 418 000 446 200 452 500 476 900 510 300 567 400 666 800 752 300 784 700 811 700
        Total assets 853 800 653 200 658 000 701 200 721 700 766 700 829 000 899 800 1 018 000 1 121 000 1 176 000 1 226 000
Equity ratio 64.3 64.7 63.5 63.6 62.7 62.2 61.6 63.1 65.5 67.1 66.7 66.2
Net Result -8 910 -26 900 -34 400 -21 600 -29 100 -21 100 -10 200 -5 600 24 600 7 920 22 200 39 900
        Total assets 840 000 653 400 660 300 682 100 715 200 757 000 804 400 875 300 976 300 1 109 000 1 163 000 1 213 000
Return on assets % -1.1 -4.1 -5.2 -3.2 -4.1 -2.8 -1.3 -0.6 2.5 0.7 1.9 3.3
Standard Output. euro per farm 224 000 158 800 168 800 171 700 181 500 224 500 233 600 248 800 265 200 289 500 303 200 316 100
Farm Net Income per FWU 28 400 17 800 14 300 21 200 16 700 21 600 27 900 30 600 48 300 36 700 44 400 54 600
Farm Net Income per FWU 28 400 17 800 14 300 21 200 16 700 21 600 27 900 30 600 48 300 36 700 44 400 54 600