Ten Land Grant Universities plus Ontario standardized accounting rules and data collection procedures to gather, pool, summarize and analyze actual farm financial performance from many sustainable, small farming systems which currently lack credible financial data that producers need for decision-making, in a project initially sponsored by USDA IFAFS grant project #00-52501-9708.
This effort features Wisconsin organic dairy farm data since very little organic dairy data was collected from outside of Wisconsin. However, the Wisconsin data is compared to the limited amount of organic data collected in other parts of North America.
This project has over 70 farm years of Wisconsin organic dairy farm data spanning seven years to help understand the level of economic competitiveness of organic dairy farming.
1. Actual farm financial data from organic dairy farms is still scarce.
2. The financial performance of organic dairy farms looks dramatically different from one part of the country to the other.
3. A number of individual farms are achieving financial success with an organic system.
4. The price premium was very important to the economic competitiveness of organic dairy farms.
The up-to-date conclusions of this project can be accessed at http://cdp.wisc.edu.