From 2015 to 2022, New Hampshire CooperativeExtension (UNHCE) led two research projects focused onthe financial analysis of diversified, direct market farms.
The first was a pilot project,Benchmarks for DiversifiedDirect Market Farms in New England, conducted fromthe fall of 2015 to the summer of 2017. The pilot projectwas a sub-award of a the National Institute of Foodand Agriculture (NIFA), United States Department ofAgriculture (USDA) grant administered by the Center forFarm Financial Management (CFFM). The pilot projectprovided essential groundwork for further study.
The second project,Benchmarks for Northeast High ValueAgricultural Sectors1, was funded by a NIFA USDA grantawarded to UNHCE for research initiated in the fall of2017 and completed in the summer of 2022. This NIFA grant expanded the farm types addressed, adding maplesyrup operations, and the geographic area covered,adding eastern New York.
This report provides an overview of this research,focusing on the results for diversified, direct marketfarms2. Highlights are provided under discussions of farmprofiles, per acre measures, and financial benchmarks.
1 Farm Business Management and Benchmarking Award No 2018-38504-28901/1017512, National Institute of Food and Agriculture, United States Department of Agriculture.
2 The results pertaining to maple syrup operations are presented in a separate report prepared by Mark Cannella, University of Vermont Extension.