Dairy Enterprise Budget

  • 78 cow herd, 67 kg. of quota held, 8,050 litres/cow shipped
  • 6,248 hL within quota, 0 hL over quota
  • expenses do not include unpaid owner/operator labour allowance
Revenue
Milk Revenue Within Quota
 Total $ Revised August 2010
Sample Revenue $/cow		 Revised August
2010
Sample Revenue
$/hL		 Your Farm Budget

Value of Butterfat

6,248 hL x 3.91 kg/hL @ $10.00/kg
244,280
3,132
39.10
 

Value of Protein

6,248 hL x 3.31 kg/hL @ 7.99/kg
165,233
2,118
26.44
 
Value of Other Solids
6,248 hL x 5.74 kg/hL @ $1.64/kg
58,812
754
9.41
 
Gross Milk Income
468,325
6,004
74.96
 

Less Over Quota Charge
0
0
0
 
Less High SNF Ration Deduction
0
0
0
 
Total Milk Revenue net deductions
468,325
6,004
74.96
 

Revenue from Animals Sold
 # head Total $ Sample Revenue
$/cow 		Sample Revenue
$/hL		 Your Farm Budget
Bull Calves or Dairy Steers
 29
1,885
24
.30
 
Heifers for Beef
1
350
4
.06
 
Heifers for Breeding
2
2,400
31
.38
 
Cull Cows for Beef
20
11,500
147
1.84
 
Cows for Breeding Stock
3
5,250
67
.84
 
Other
 
0
0
0
  
Total Revenue from Livestock Sales
 
21,385
274
3.42
 
Total Expected Revenue (Milk Revenue + Livestock)
 
489,710
6,278
78.38
 

Expenses
Purchased Feed:
 # head Total $ Sample Revenue
$/cow 		Sample Revenue
$/hL		 Your Farm Budget
Hay
 
0
0
0
  
Grain
 
14,300
183
2.29
  
Protein Supplement
 
32,500
417
5.20
  
Salt & Mineral
 
7,800
100
1.25
  
Other
 
7,500
96
1.20
 

Homegrown Feed:
 # unit Total $ Sample Revenue
$/cow 		Sample Revenue
$/hL		 Your Farm Budget
Wheat
 0
 
   
Spring Grains
25
4,625
59
0.74
 
Corn
98
16,170
207
2.59
   
Other
2
330
4
0.05
   
Corn Silage
625
23,750
304
3.80
 
Hay
88
9,680
124
1.55
 
Haylage
466
25,630
239
4.10
 
Pasture
0
0
0
0
 
Other
0
0
0
0
 
Total Feed Cost
142,285
1,824
22.77
 

Livestock Purchases
 # head Total $ Sample Revenue
$/cow 		Sample Revenue
$/hL		 Your Farm Budget
#1
 
5,850
75
0.94
 
#2
 
 
 
 
 
#3
 
 
 
 
 

Other Costs
 Total $ Sample Cost $/cow Sample Cost
$/hL		 Your Farm Budget
Hired Labour
32,700
419
5.23
  
Vet & Medicine
14,585
187
2.33
  
Breeding Fees
5,928
76
0.95
 
ODHIC
5,148
66
0.82
 
Breed Assocation Fees
1,200
15
0.19
 
Milk Marketing Expenses
6,248 hL @ $4.42
27,614
354
4.42
 
Livestock Marketing & Trucking
850
11
0.14
 
Stable & Milkhouse Supplies
8,243
119
1.48
 
Custom Work
2,890
37
0.46
 
Machinery & Equipment Rentals
0
0
0.00
 
Other Dairy Expenses
11,400
146
1.82
 
Fuel
3,510
45
0.56
 
Mach. Repair & Maint.
7,098
91
1.14
 
Bldg. Repair & Maint.
8,424
108
1.35
 
Rent
0
0
0
 
General Variable Costs (including utilities, professional fees, vehicle expenses, etc.)
9,672
124
1.55
 
Interest on Operating Capital
3,912
50
0.63
 
Total Variable Expenses
292,310
3,748
46.79
 

Fixed Costs
 Total $ Sample Cost $/cow Sample Cost
$/hL		 Your Farm Budget
Depreciation
25,194
323
4.03
 
Interest on Term Loans
39,780
510
6.37
 
Long-term Leases
780
10
0.13
 
General Fixed Costs (including property taxes, fire and liability insurance, etc.)
12,558
161
2.01
 
Total Fixed Costs
78,312
1,004
12.53
 
Total Expenses
370,622
4,752
59.32
  
Gross Margin (Revenue - Variable Costs)
197,400
2,531
31.60
  

 

The user of this worksheet assumes all responsibility

 


For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca
Author: John Molenhuis - Business Analysis & Cost of Production Program Lead/OMAFRA
Brian Lang - Dairy Cattle Production Systems Specialist/OMAFRA
Creation Date: 5 August 2010
Last Reviewed: 5 August 2010