Forest Sciences Commons^™

2021 Northeast Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

The 2021 production season left many producers disappointed. While sap flow volume was reported as average to normal in many instances, pervasive low sap sugar content influenced the lower syrup production totals.

The 2021 Northeast Maple Business Benchmark report documents the ninth year of financial record analysis for commercial syrup producers. The project includes maple producers in Vermont, Maine, New Hampshire and Massachusetts. Tap counts for this year’s participant businesses ranged from 7,000 taps to 65,000 taps.

This report demonstrates key management and financial metrics including: yield statistics, land use, operating costs, investment requirements, total cost of production, marketing strategy …

Northeastern United States Maple Syrup Production And Economics: A 2019 Survey Of Producers, Mark Cannella, Christopher Lindgren, Mark Isselhardt

UVM Extension Faculty Publications

A survey of northeastern maple syrup producers was completed to explore factors of business scale, economic viability, organic production and the outlook for the maple crop in the coming years. Results from this survey demonstrate the wide range of hobby and commercial scales present within the maple producer community across the Northeastern United States. As the U.S. domestic maple syrup crop continues to grow the influence of different scales and types of business can shape local communities, national trends and future policy. Survey results offer insight into production yields, technology adoption, economics and business performance.

2020 Northeast Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

The 2020 production season began just as the Covid-19 pandemic was emerging across the United States. Most states quickly enacted “essential industry” provisions that enabled agricultural and forestry operations to remain active assuming their workers were healthy and willing to report to work. Lingering policy and regulatory issues faced maple producers in the coming months as the pandemic disruptions continued. While many businesses faced short term cash flow challenges the overall maple demand rebounded and exceeded expectations for growth by the end of 2020.

The 2020 Northeast Maple Business Benchmark report documents the eight year of financial record analysis for …

2019 Northeast Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

The 2019 production season rebounded with a 1% increase in US national syrup production from the previous crop in 2018. Bulk market prices continued a slow decline following reports of a strong 2019 crop year and continued strength of the US dollar.

General reports from maple producers and sellers indicate an environment of increasing competition for sales. Successive strong crop years bolstering supply, downward price pressure from Canadian import dynamics and more US producers pursuing direct and wholesale market channels reinforced the increased competition. By 2019 the signals to maple owners were clear, business performance in the modern maple era …

2017 Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

The 2017 season followed the record-breaking crop of 2016. As the 2017 season approached, business owners remained apprehensive about bulk market prices. Rumors of strong crop inventories paired with softening prices continued to concern producers. The US tap count continues to grow but at a slightly slower rate than previous years. The most current maple statistics are available from the United States Department of Agriculture National Agricultural Statistics Service (USDA NASS).

The 2017 Maple Business Benchmark is the fifth year of financial record analysis for a small group of commercial syrup producers. This report demonstrates key management and financial metrics …

2016 Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

At the time of this report (January 2018) market prices have dropped to near $2.00 per pound for bulk syrup and organic premiums have declined modestly. The current US bulk market prices have de-coupled from an exact calculation of the Federation of Quebec Maple Syrup Producers (FPAQ) pricing levels adjusted for US-Canadian currency exchange rates. Several public presentations from industry leaders at VT Maple Conferences have confirmed that markets continue to grow but that there is short term surplus syrup inventory following strong 2016 and 2017 crop years. This market situation continues to prompt dialogue about the industry outlook, policy …

2015 Maple Business Benchmark, Mark Cannella, Christopher Lindgren, Betsy Miller

UVM Extension Faculty Publications

The 2015 Maple Business Benchmark is the third year of financial analysis for a small group of commercial syrup producers. The University of Vermont Extension worked with 14 maple producers to complete financial analysis of their 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 but the findings can compel any manager to consider the methods and results of financial analysis for their particular business situations. This report will …

2014 Maple Business Benchmark, Mark Cannella, Christopher Lindgren, Betsy Miller

UVM Extension Faculty Publications

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 …

2013 Maple Business Benchmark, Mark Cannella, Mark Cannella, Chris Lindgren, Betsy Miller

UVM Extension Faculty Publications

Strong market prices, technology improvements and increasing sugar bush sizes are key features of the Vermont maple industry. The continued growth of maple production and maple investments elevate the interest in the financial performance of harvesting maple sap and processing maple syrup. The 2013 Maple Business Benchmark is the result of the first year of focused collection of financial information for the sector. University of Vermont Extension worked with 10 maple producers to complete financial analysis of their maple enterprise. Participants each received a detailed financial summary of their business that included information on sales, expenses, investments and profitability. That …