UVM Extension has published the 2014 Maple Benchmark report. This report displays detailed financial measures for maple producers from 2,500 taps to over 50,000 taps. Go to our Maple Benchmark page to download reports and learn more about the program.
Analysis of the 2014 season shows that top profit producers have a variety of ways to reach financial success with a maple business. Key findings reveal:
- Average Cost of Production for Operating Expenses average $2.09 per pound or $9.15 per tap across 18 participating businesses
- Full Economic Cost of Production (with depreciation and a valuation of owner management) averages $3.75 per pound or $15.71 per tap.
- Top profit producers achieved high production income in relation to their investments. This comes from a combination of high yields and/or higher-paying market prices. In many cases the top profit producers are NOT low cost producers but they are able to generate optimum income based on their expenses.
Download the 2014 Maple Benchmark for all the details.