| Distribution of New England Dairy Farms by |
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| 2000 Financial
Performance Without Compact Price Regulation |
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| Net Earnings |
Number of |
Farms |
Degree |
|
|
| per Cwt. |
Actual |
% |
of Stress |
Financial Situation |
| $2.02 or more |
115 |
4.1% |
None |
Very strong |
| $1.82 to 2.01 |
33 |
1.2% |
None |
|
|
| $1.62 to $1.81 |
40 |
1.4% |
None |
|
|
| $1.42 to $1.61 |
47 |
1.7% |
None |
|
|
| $1.22 to $1.41 |
56 |
2.0% |
None |
|
|
| $1.02 to $1.21 |
65 |
2.3% |
None |
Strong |
|
|
|
12.8% |
|
|
|
| $0.82 to $1.01 |
74 |
2.7% |
None |
|
|
| $0.62 to $0.81 |
84 |
3.0% |
None |
|
|
| $0.42 to $0.61 |
94 |
3.4% |
None |
|
|
| $0.22 to $0.41 |
103 |
3.7% |
None |
|
|
| $0.02 to $0.21 |
111 |
4.0% |
None |
|
|
| -$0.18
to $0.01 |
119 |
4.3% |
Minor |
|
|
| -$0.38
to-$0.19 |
125 |
4.5% |
Minor |
Not quite cash flowing |
|
|
25.5% |
|
|
|
| -$0.58
to -$0.39 |
129 |
4.6% |
Moderate |
|
|
| -$0.78
to -$0.59 |
132 |
4.7% |
Moderate |
Building up open accounts/ |
| ($0.89) |
|
|
|
Average New England Dairy |
| -$0.98
to -$0.79 |
133 |
4.8% |
Moderate |
Deferring debt principal payments |
| -$1.18
to -$0.99 |
132 |
4.7% |
Major |
|
|
| -$1.38
to -$1.19 |
129 |
4.6% |
Major |
|
|
| -$1.58
to -$1.39 |
125 |
4.5% |
Major |
Unable to pay any debt principal |
|
|
28.0% |
|
|
|
| -$1.78
to -$1.59 |
119 |
4.3% |
Severe |
Major increases in open accounts |
| -$1.98
to -$1.79 |
111 |
4.0% |
Severe |
Severe financial stress/clearly nonviable |
| -$2.18
to -$1.99 |
103 |
3.7% |
Severe |
|
|
| -$2.38
to -$2.19 |
94 |
3.4% |
Severe |
|
|
| -$2.58
or more |
514 |
18.4% |
Severe |
|
|
|
|
33.8% |
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| Total Farms |
2787 |
100% |
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| Source: Special analysis developed for Northeast Farm Credit
Associations by
James |
| Putnam II, First Pioneer Farm Credit. Data developed from the Northeast Dairy |
| Summary, 2000, Northeast Farm Credit Associations. |
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