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2014 Maple Business Benchmark
Cannella, Mark Lindgren, Christopher Miller, Betsy
Cannella, Mark
Lindgren, Christopher
Miller, Betsy
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Abstract
Maple producers experienced record crop yields matched with sustained strong prices in the 2013 sugaring season. Moving into the 2014 sugaring season producers were aware of slight price declines in the forecast. While producers were still hopeful for a strong sugaring season many managers were concerned that too large of a crop might overwhelm the overall syrup supply and accelerate the price drops (it was not until later in 2014 that producers learn that market price declines would be primarily driven by the Canadian/US currency exchange rates). The University of Vermont Extension worked with 18 maple producers to complete financial analysis of each maple enterprise. This report demonstrates key management and financial metrics including: yield statistics, land use, operating costs, investment requirements, total cost of production, marketing strategy and net income. The participants represent a small sample of the entire Vermont maple industry.
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Date
2016-10-01