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Business analysis summary for potato farms, 1981 Telfarm data



Business analysis summary for potato farms, 1981 Telfarm data



Agricultural Economics Report, Department of Agricultural Economics, Michigan State University (415): 12



The information is summarized from the records of the 23 potato farms in Michigan participating in the 1981 Telfarm Project. 1981 was an average year with prices at about $6.50 per cwt. Gross income per acre was up $39 from 1980 and costs were up $94 per acre, resulting in a substantial drop in labour income from the high level of 1980. Average return for the assets contributed by the operators of the 23 potato farms was 9.46% for 1981.

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