In a Nutshell
• 12 fruit and vegetable farms provided a
profit-loss statement and simple balance
sheet for 2014.
• Four of the 12 are meeting their personal
expectations for profitability.
• Seven of the participating farms also
provided data for Year 1 (2013)
• Number of years farming as a business
ranged from 1 – 35 years.
• The range (difference between highest
and lowest reported values) is large for
many aggregated categories. Averages
(and medians) with large ranges associated
should not be used as benchmark
• No two farm financial strategies or situations
are the same. This report serves
as a starting point for profitability conversations,
and for farmers to compare
their own numbers with their peers.
• For six farms whose largest market was
Summer CSA, they earned, on average,
68 percent of their total revenue
through Summer CSA.
• All participating farms had debt to asset
ratios <0.62. • Net income ratios among farms ranged from -0.11 to 0.83. • Gross income per acre ranged from $3,020 to $30,191. • The conclusion of the report includes reflections from four participating farmers on their numbers, financial strategy, and using this report.
April 27, 2017
February 17, 2016
“There are only ten minutes in the life of a pear when they are perfect to eat.” – Ralph Waldo Emerson Nearly 100 people gathered at Perry-O and David Sliwa’s farm outside Decorah to learn about managing the soil in an orchard and the extensive varieties the Sliwa’s have tried over the years. The Sliwa’s […]
September 11, 2015
In 2013, Practical Farmers of Iowa started a yield data collection project for three reasons: 1. Iowa-specific production histories do not exist for most Iowa fruit and vegetable crops. 2. Lenders need more information to better assess the profit potential of these farms and the risk/benefit of lending to these farms. 3. Private and public insuring agencies […]
March 16, 2015
Learn the timelines to report and apply for insurance, and the recordkeeping and other requirements to gain crop loss protection.
November 5, 2013