| Distribution of New England Dairy Farms by |
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| 2000 Financial
Performance with Compact Price Regulation |
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| Net Earnings |
Number of |
Farms |
Degree |
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| per Cwt. |
Actual |
% |
of Stress |
Financial Situation |
| $2.02 or more |
321 |
11.5% |
None |
Very strong |
| $1.82 to 2.01 |
70 |
2.5% |
None |
|
|
| $1.62 to $1.81 |
79 |
2.8% |
None |
|
|
| $1.42 to $1.61 |
89 |
3.2% |
None |
|
|
| $1.22 to $1.41 |
98 |
3.5% |
None |
|
|
| $1.02 to $1.21 |
107 |
3.8% |
None |
Strong |
|
|
|
27.4% |
|
|
|
| $0.82 to $1.01 |
115 |
4.1% |
None |
|
|
| $0.62 to $0.81 |
122 |
4.4% |
None |
|
|
| $0.42 to $0.61 |
128 |
4.6% |
None |
|
|
| $0.22 to $0.41 |
131 |
4.7% |
None |
|
|
| $0.02 to $0.21 |
133 |
4.8% |
None |
|
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| $0.02 |
|
|
None |
Average New England Dairy |
| -$0.18
to $0.01 |
133 |
4.8% |
Minor |
|
|
| -$0.38
to-$0.19 |
131 |
4.7% |
Minor |
Not quite cash flowing |
|
|
32.0% |
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|
| -$0.58
to -$0.39 |
128 |
4.6% |
Moderate |
|
|
| -$0.78
to -$0.59 |
122 |
4.4% |
Moderate |
Building up open accounts/ |
| -$0.98
to -$0.79 |
115 |
4.1% |
Moderate |
Deferring debt principal payments |
| -$1.18
to -$0.99 |
107 |
3.8% |
Major |
|
|
| -$1.38
to -$1.19 |
98 |
3.5% |
Major |
|
|
| -$1.58
to -$1.39 |
89 |
3.2% |
Major |
Unable to pay any debt principal |
|
|
23.6% |
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|
|
| -$1.78
to -$1.59 |
79 |
2.8% |
Severe |
Major increases in open accounts |
| -$1.98
to -$1.79 |
70 |
2.5% |
Severe |
Severe financial stress/clearly nonviable |
| -$2.18
to -$1.99 |
60 |
2.2% |
Severe |
|
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| -$2.38
to -$2.19 |
52 |
1.9% |
Severe |
|
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| -$2.58
or more |
210 |
7.5% |
Severe |
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16.9% |
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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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