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Ontario Dairy Summary 2002

Author: John Molenhuis - Business Analysis and Cost of Production Program Lead/OMAFRA
Creation Date: 16 February 2004
Last Reviewed: 16 February 2004

Table of Contents

  1. 5 year Summary
  2. Farm Income Statement
  3. Farm Balance Sheet
  4. Dairy Enterprise Report (per cow basis)
  5. Dairy Enterprise Report (per hectolitre basis)
  6. Dairy Enterprise Report (per kilogram butterfat basis)
  7. Crop Enterprise Report (per tillable acre basis)
Summary of Ontario Dairy Farms
5 Year Summary
 
 1998 1999 2000 2001 2002
Farm Income Statement
Total Cash Revenue
$291,824
$303,827
$312,653
$324,366
$326,509
Total Farm Revenue
300,703
316,346
324,346
334,669
342,501
Total Cash Expenses
$199,915
$209,787
$214,879
$224,495
$236,647
Change in Current Payables
-548
-1,019
513
-382
1,704
Depreciation
28,764
32,208
30,969
34,325
35,449
Total Farm Expenses
228,133
240,962
246,354
258,013
273,423
Net Farm Income
$72,570
$75,384
$77,992
$76,656
$69,078
Farm Balance Sheet (Year End)
Total Assets
$1,532,537
$1,897,103
$2,031,925
$1,933,641
$2,178,378
Total Liabilities
362,063
383,975
389,181
371,366
380,165
Equity in Farm Business
$1,170,474
$1,513,128
$1,642,744
$1,562,275
$1,798,213
Percent Equity
76.4%
79.8%
80.8%
80.8%
82.6%
Net Capital Purchases (-Sales)
73,087
74,487
88,710
90,362
80,426
Net Withdrawals (-Contributions)
36,460
36,441
38,329
42,130
43,179
Farm Business Analysis Section
Return on Investment
2.3%
2.1%
2.4%
2.7%
2.1%
Capital Turnover VFP (years)
6.0
7.0
7.3
6.8
7.5
Cost Control Index
24.1%
23.8%
24.0%
22.9%
20.2%
Current Ration :1
1.1
0.8
0.7
0.7
0.6
Working Capital
$5,090
$-17,680
-$34,645
-$27,720
-$63,588
Debt Servicing Capacity
$49,858
$49,666
$53,491
$50,016
$36,963
Term & Operating Interest Paid
$23,614
$24,734
$25,804
$26,673
$25,687
Value of Farm Production Analysis
Cost per Dollar of VFP
$0.60
$0.60
$0.61
$0.61
$0.64
Value of Farm Production
$254,377
$271,122
$278,690
$285,608
$292,121
(Adj Op. Cost - Int.) / VFP
50.9%
51.2%
51.6%
51.8%
55.4%
Depreciation / VFP
11.3%
11.9%
11.1%
12.0%
12.1%
Interest / VFP
9.3%
9.1%
9.3%
9.3%
8.8%
Net Farm Income / VFP
28.5%
27.8%
28.0%
26.8%
23.6%
Crop Enterprise Report
Tillable Acres
295
298
280
316
316
Debt per Tillable Acre
$1,228
$1,289
$1,390
$1,176
$1,199
Machinery & Equip Repair / Acre
$31.62
$36.49
$38.53
$33.93
$34.02
Val of Enterprise Production / Acre
$245.90
$249.50
$265.60
$240.66
$271.72
Variable Expenses / Acre
165.70
167.10
174.50
178.10
190.31
Depreciation / Acre
53.90
58.60
65.87
66.87
68.36
Fixed Expenses / Acre
86.30
90.00
100.00
113.63
117.02
Net Enterprise Income / Acre
-6.10
-7.60
-8.90
-51.07
-35.62
Total Crop Enterprise Income
-$1,798
$-2,263
-$2,491
-$16,138
-$11,267
Livestock Enterprise Report
Value of Enterprise Prod'n / hL
$62.16
$62.77
$65.04
$68.21
$66.02
Feed Cost / hL
21.43
20.70
20.94
22.10
23.69
Variable Expenses / hL
37.11
36.91
38.96
40.83
43.44
Depreciation / hL
2.92
2.90
2.76
2.99
3.06
Fixed Expenses
7.87
8.05
8.05
7.55
7.55
Net Enterprise Income / hL
17.18
17.81
18.03
19.84
15.03
Total Livestock Enterprise Income
$75,321
$81,667
$82,211
$87,108
$67,734
Average Number of Cows
57.4
59.5
59.4
58.5
59.7
Litres of Milk Sold
438,370
458,590
456,050
439,050
450,780
Milk Sold per Cow
7,637
7,707
7,678
7,505
7,551
Avg Cows per Person (Farm)
26.1
25.9
25.8
26.6
27.1
Value of Ent. Prod'n / Cow
$4,747
$4,838
$4,993
$5,120
$4,985
Net Enterprise Income / Cow
$1,312
$1,373
$1,384
$1,489
$1,135

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Summary of Ontario Dairy Farms
Farm Income Statement
 
Low 56 Farms Avg 169 Farms High 56 Farms
Revenue
Product sales-milk, subsidy
187,193
270,551
363,993
Market & Feeder Livestock
4,533
6,240
5,250
Breeding stock
11,493
12,878
15,895
Cull stock
6,669
10,435
14,628
Other livestock
30
1,992
5,964
Crop sales
12,626
17,947
25,880
Custom work
889
1,348
2,357
Other Farm Revenue
4,517
5,118
6,048
Total Cash Revenue
$227,950
$326,509
$440,015
Change in Accounts Receivable
3,472
9,594
17,807
Changes in Inventory
-5,039
6,398
17,108
Total Farm Revenue
$226,383
$342,501
$474,930
Expenses    
 Low 56 Farms Avg 169 Farms High 56 Farms
Variable Expenses
Livestock - Purchased Livestock
7,386
4,252
2,395
Pur. Feed - Conc., Grain & Forage
34,998
46,128
55,342
Animal Health & Breeding
9,301
12,164
14,508
Other (lvsk Stabztn, Barn Sppls)
7,113
9,335
11,154
Crop Inputs - Seeds & Plants
4,285
6,124
9,384
Fertilizer & Lime
5,109
7,314
10,488
Pesticides & Other Chemicals
1,865
2,840
4,403
Containers and Twine
812
1,103
1,340
Other (Stabztn, Insurance Etc.)
666
804
921
Marketing & Tansportation Costs
12,560
18,285
24,628
Custom Work, Equipment Rent
6,984
8,674
10,760
Hired Labour
15,875
29,143
43,767
Machinery & Equipment - Fuel & Oil
6,957
8,160
10,320
Machinery & Equipment - Repairs
12,468
14,456
17,427
Motor Vehicle Expenses
2,863
3,271
3,411
Building, Fence Repairs
6,455
8,286
10,127
Heating Fuel
537
754
798
Electricity & Telephone
7,170
9,049
11,022
Accounting, Office Expenses
3,154
3,671
3,856
Interest (Operating)
2,425
2,951
3,379
Other Cash Operating Expenses
2,301
4,123
7,397
Change in Payables
2,481
1,704
3,486
Total Variable Expenses
$153,765
$202,591
$260,313
Contribution Margin
$72,618
$139,910
$214,617
Fixed Expenses
Property Taxes, Fire & Liab. Ins.
7,977
9,492
11,478
Lease & Rent Payments
2,205
3,530
5,053
Interest (Term)
18,522
22,736
26,966
Change in Interest Arrears
0
0
0
Depreciation
29,667
35,449
42,214
Total Fixed Expenses
58,371
71,207
85,711
Total Expenses
212,136
273,798
346,024
-Less Personal Share of Expenses
-68
-375
-455
Total Farm Expenses
$212,068
$273,423
$345,569
Net Farm Income
$14,315
$69,078
$129,361

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Summary of Ontario Dairy Farms
Farm Balance Sheet
(Assets at Estimated Value)
Farm Assets Low 56 Farms Avg 169 Farms High 56 Farms
Current Assets:
Cash (On hand and in bank)
4,971
2,485
668
Accounts Receivable
14,671
20,291
28,765
Market & Feeder Livestock
7,842
5,547
3,691
Home-Grown Crops
27,539
47,508
71,738
Purchased Feed & Supplies
1,835
2,463
2,672
Other Current Assets
0
0
0
Total Current Assets
$56,858
$78,294
$107,534
Long Term Assets
Breeding Livestock
116,065
163,133
215,777
Market Quota
720,512
1,010,161
1,335,130
Field Machinery
167,936
200,020
252,186
Barn Equipment
51,012
63,147
70,891
Farm Buildings
156,216
181,788
198,202
Land
260,690
454,880
681,071
Other Long Term Assets
40,970
26,955
18,269
Total Long Term Assets
$1,513,401
$2,100,084
$2,771,526
Total Farm Assets
$1,570,259
$2,178,378
$2,879,060
Liabilities
Accounts Payable
17,558
13,545
12,664
Interest Arrears
0
0
0
Operating Credit
9,065
11,652
12,227
Current Portion of Term Debt
80,519
116,685
156,205
Total Current Liabilities
$107,142
$141,882
$181,096
Term Debt
200,576
238,283
262,227
Total Farm Liablilities
$307,718
$380,165
$443,323
Equity in Farm Business
$1,262,541
$1,798,213
$2,435,737
Measures of Financial Strength
(from the balance sheet at year end)
Percent equity
80.40%
82.55%
84.60%
Working Capital
-$50,284
-$63,588
-$73,562
Current Ratio xx:1
0.53
0.55
0.59
Debt Structure
34.82%
37.32%
40.85%
Debt to Asset Ratio
0.20
0.17
0.15
Debt to Equity Ratio
0.24
0.21
0.18
 

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Summary of Ontario Dairy Farms
Farm Business Analysis Section
  Low 56 Farms Avg 169 Farms High 56 Farms
Measures of Performance Efficiency
Capital Turnover (years)
8.53
7.46
6.90
Value of Farm Production
$183,999
$292,121
$417,193
Cost per dollar of VFP
$0.76
$0.64
$0.59
Cost Control Index
6.3%
20.2%
27.2%
Expenses & NFI Relative to VFP
(Adj. Prod. Cst. - Int) / VFP
64.7%
55.4%
51.6%
Depreciation / VFP
16.1%
12.1%
10.1%
Interest / VFP
11.4%
8.8%
7.3%
Net Income / VFP
7.8%
23.6%
31.0%
Interest & Principal / VFP
57.1%
42.2%
39.6%
Measures of Profitability
Net Farm Income
$14,315
$69,078
$129,361
Return on Total Assets
2.25%
4.35%
5.55%
Return to Equity
1.13%
3.84%
5.31%
Return on Investment (at $36,000 per person)
-0.87%
2.05%
3.69%
Return to Owners Labour
(at 5.0% investment rate)
-$43,251
-$14,154
$15,753
Person Equivalents for the Farm
1.8
2.2
2.7
Debt Servicing Capacity Analysis
Cash Revenue minus Cash Expenses
$48,090
$89,904
$139,692
plus Interest Payment
20,947
25,687
30,345
plus Non-Farm Revenue
9,789
12,184
18,319
minus Owners Withdrawals & Income Tax
-49,605
-55,363
-70,026
Cash Avail. for Debt. Serv. and Cap. Purch.
$29,221
$72,412
$118,330
minus committed Interest & Principal *
-117,110
-173,356
-246,660
minus Reserve for Capital Purchases (Depreciation)
-29,667
-35,449
-42,214
Available After Reserve to Service Additional Debt
-$117,556
-$136,393
-$170,544
 
Physical Summary for the Dairy Enterprise
  Low 56 Farms Avg 169 Farms High 56 Farms
Average Number of Cows
45.6
59.7
75.3
Total hectolitre Milk Sold
3,077
4,508
6,086
Milk Sold Per Cow (litres)
6,747
7,551
8,082
Milk Sold Per Person (Enterprise)
236,654
281,738
320,300
Milk Sold Per Person (Whole Farm)
170,917
204,900
225,396
Avg Cows/Person (Dairy Enterprise)
35.1
37.3
39.6
Average Somatic Cell Count
238,056
229,741
230,667
Calving Interval
13.87
13.60
13.39
Herd Turnover
27.8
29.2
30.9
Heifer Age at First Calving (Months)
25.82
25.64
25.01
Total Butterfat Sold (Kg)
12,167
17,867
24,266
Butterfat Sold per Cow (Kg)
265.1
290.2
314.7
Total Protein Sold (Kg)
10,884
15,281
19,574
Protein Sold per Cow (Kg)
222.5
241.2
258.5

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Summary of Ontario Dairy Farms
Dairy Enterprise Report
(per cow basis)
Revenue Low 56 Farms Avg 169 Farms High 56 Farms
Product sales
$4,105.11
$4,531.88
$4,833.90
Market Livestock
30.94
26.92
16.57
Feeder Livestock
34.39
19.75
16.37
Breeding Livestock
251.36
214.59
210.54
Cull Stock
146.25
173.58
192.01
Other Livestock Enterprise Sales
0.22
0.08
0.08
- Livestock Purchased
-156.73
-68.04
-28.94
+ Inventory Change
-35.39
57.84
79.97
+ Change in Receivables
-12.19
28.06
72.22
Value of Enterprise Production
$4,363.95
$4,984.66
$5,392.74
Variable Expenses

Livestock Expenses:

Purchased feed & grain
727.04
698.29
649.81
Purchased forages
5.96
4.49
3.29
Home-grown grains transferred
234.71
290.48
379.13
Home-grown forages transferred
826.62
795.24
794.75
Total Feed Cost
$1,794.34
$1,788.50
$1,826.99
Animal Health & Breeding
203.97
203.42
192.01
Other (Stabilization, Supplies)
143.09
145.56
145.47
Marketing, Transportation
263.95
298.71
320.00
Custom Work, Equipment Rent
49.32
44.74
39.07
Hired Labour
225.55
320.05
372.42
Machinery & Equip - Fuel & Oil
47.52
43.18
39.83
Machinery & Equipment - Repair
68.11
60.72
54.28
Motor Vehicle Expenses
25.07
22.50
18.92
Building, Fence Repairs
121.16
116.21
114.44
Heating Fuel
2.70
3.27
2.79
Electricity & Telephone
120.68
118.32
115.03
Accounting, Office Expenses
44.78
39.58
32.23
Interest - Operating
18.66
17.07
15.88
Other Cash Variable Expenses
32.83
29.51
26.12
Change in Payables
54.41
28.54
46.29
Total Variable Expenses
$3,216.14
$3,279.89
$3,361.77
Contribution Margin
$1,147.81
$1,704.77
$2,030.97
Fixed Expenses

Property Taxes, Fire & Liab. Ins.
119.76
107.14
101.98
Lease & Rent Payments
9.93
10.00
10.49
Interest - Term
242.83
222.35
202.54
Depreciation
248.05
230.70
199.39
Total Fixed Expenses
620.57
570.18
514.40
Total Enterprise Expenses
$3,836.71
$3,850.08
$3,876.16
Net Enterprise Income
$527.24
$1,134.58
$1,516.57

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Summary of Ontario Dairy Farms
Dairy Enterprise Report
(per hectolitre basis)
Revenue Low 56 Farms Avg 169 Farms High 56 Farms
Product sales
$60.85
$60.02
$59.81
Market Livestock
0.46
0.36
0.21
Feeder Livestock
0.51
0.26
0.20
Breeding Livestock
3.73
2.84
2.61
Cull Stock
2.17
2.30
2.38
Other Livestock Enterprise Sales
0.00
0.00
0.00
- Livestock Purchased
-2.32
-0.90
-0.36
+ Inventory Change
-0.52
0.77
0.99
+ Change in Receivables
-0.18
0.37
0.89
Value of Enterprise Production
$64.68
$66.02
$66.73
Variable Expenses
Livestock Expenses:
Purchased feed & grain
10.78
9.25
8.04
Purchased forages
0.09
0.06
0.04
Home-grown grains transferred
3.48
3.85
4.69
Home-grown forages transferred
12.25
10.53
9.83
Total Feed Cost
$26.60
$23.69
$22.61
Animal Health & Breeding
3.02
2.69
2.38
Other (Stabilization, Supplies)
2.12
1.93
1.80
Marketing, Transportation
3.91
3.96
3.96
Custom Work, Equipment Rent
0.73
0.59
0.48
Hired Labour
3.34
4.24
4.61
Machinery & Equip - Fuel & Oil
0.70
0.57
0.49
Machinery & Equipment - Repair
1.01
0.80
0.67
Motor Vehicle Expenses
0.37
0.30
0.23
Building, Fence Repairs
1.80
1.54
1.42
Heating Fuel
0.04
0.04
0.03
Electricity & Telephone
1.79
1.57
1.42
Accounting, Office Expenses
0.66
0.52
0.40
Interest - Operating
0.28
0.23
0.20
Other Cash Variable Expenses
0.49
0.39
0.32
Change in Payables
0.81
0.38
0.57
Total Variable Expenses
$47.67
$43.44
$41.60
Contribution Margin
$17.01
$22.58
$25.13
Fixed Expenses

Property Taxes, Fire & Liab. Ins.
1.78
1.42
1.26
Lease & Rent Payments
0.15
0.13
0.13
Interest - Term
3.60
2.94
2.51
Depreciation
3.68
3.06
2.47
Total Fixed Expenses
9.20
7.55
6.36
total Enterprise Expenses
$56.87
$50.99
$47.96
Net Enterprise Income
$7.81
$15.03
$18.76

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Summary of Ontario Dairy Farms
Dairy Enterprise Report
(per kilogram butterfat basis)
Revenue Low 56 Farms Avg 169 Farms High 56 Farms
Product sales
$15.66
$15.51
$15.56
Market Livestock
0.12
0.09
0.05
Feeder Livestock
0.13
0.07
0.05
Breeding Livestock
0.96
0.73
0.68
Cull Stock
0.56
0.59
0.62
Other Livestock Enterprise Sales
0.00
0.00
0.00
- Livestock Purchased
-0.60
-0.23
-0.09
+ Inventory Change
-0.14
0.20
0.26
+ Change in Receivables
-0.05
0.10
0.23
Value of Enterprise Production
$16.65
$17.06
$17.35
Variable Expenses
Livestock Expenses:
Purchased feed & grain
2.77
2.39
2.09
Purchased forages
0.02
0.02
0.01
Home-grown grains transferred
0.90
0.99
1.22
Home-grown forages transferred
3.15
2.72
2.56
Total Feed Cost
$6.85
$6.12
$5.88
Animal Health & Breeding
0.78
0.70
0.62
Other (Stabilization, Supplies)
0.55
0.50
0.47
Marketing, Transportation
1.01
1.02
1.03
Custom Work, Equipment Rent
0.19
0.15
0.13
Hired Labour
0.86
1.10
1.20
Machinery & Equip - Fuel & Oil
0.18
0.15
0.13
Machinery & Equipment - Repair
0.26
0.21
0.17
Motor Vehicle Expenses
0.10
0.08
0.06
Building, Fence Repairs
0.46
0.40
0.37
Heating Fuel
0.01
0.01
0.01
Electricity & Telephone
0.46
0.40
0.37
Accounting, Office Expenses
0.17
0.14
0.10
Interest - Operating
0.07
0.06
0.05
Other Cash Variable Expenses
0.13
0.10
0.08
Change in Payables
0.21
0.10
0.15
Total Variable Expenses
$12.27
$11.23
$10.82
Contribution Margin
$4.38
$5.83
$6.54
Fixed Expenses

Property Taxes, Fire & Liab. Ins.
0.46
0.37
0.33
Lease & Rent Payments
0.04
0.03
0.03
Interest - Term
0.93
0.76
0.65
Depreciation
0.95
0.79
0.64
Total Fixed Expenses
2.37
1.95
1.66
Total Enterprise Expenses
$14.64
$13.18
$12.47
Net Enterprise Income
$2.01
$3.88
$4.88

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Summary of Ontario Dairy Farms
Crop Enterprise Report
(per tillable acre basis)
Revenue Low 56 Farms Avg 169 Farms High 56 Farms
Wheat
$7.10
$6.65
$5.51
Spring Grains
5.36
6.12
5.49
Grain Corn
7.35
11.00
16.01
Soybeans
10.27
11.13
12.43
Forage
6.71
6.34
8.02
Fruits
0.00
0.00
0.00
Vegetables
0.00
0.00
0.00
Homegrown Seed
0.15
1.49
3.54
Other Crop Sales & Custom Work
3.49
4.69
4.58
Crop Insurance
2.84
4.17
3.54
Crop Stabilization
3.54
5.18
7.51
Value grains fed to livestock
39.66
54.69
73.15
Value forages fed to livestock
141.45
151.20
155.27
+ Inventory change
-12.85
9.08
27.88
+ Change in receivables
0.00
0.00
0.00
Value of Enterprise Production
$215.07
$271.72
$322.92
Expenses
Variable Expenses
Seed & Plants
15.88
19.31
24.04
Fertilizer & Lime
18.93
23.07
26.87
Pesticides & Other Chemicals
6.91
8.96
11.28
Containers and Twine
3.01
3.48
3.43
Other (Stabztn, Insurance, Etc.)
2.47
2.54
2.36
Marketing & Transportation
1.94
1.27
1.00
Custom Work, Equipment Rent
17.55
18.86
19.84
Hired Labour
20.59
30.77
38.22
Machinery & Equip - Fuel & Oil
17.55
17.41
18.42
Machinery & Equip - Repair
34.69
34.02
33.84
Motor Vehicle Expenses
6.38
5.94
5.00
Building, Fence Repairs
3.45
4.10
3.80
Heating Fuel
1.52
1.48
1.07
Electricity & Telephone
6.18
6.04
5.65
Accounting, Office Expenses
4.12
4.01
3.49
Interest (Operating)
5.83
6.03
5.43
Other Variable Cash Expenses
2.98
3.03
3.14
Change in Payables
0.00
0.00
0.00
Total Variable Expenses
$169.95
$190.31
$206.89
Contribution Margin
$45.12
$81.40
$116.04
Fixed Expenses
Property Taxes, Fire & Liab. Ins
9.33
9.70
9.59
Lease & Rent Payments
6.49
9.25
10.92
Interest (Term)
27.60
29.71
29.70
Depreciation
68.01
68.36
69.69
Total Fixed Expenses
$111.42
$117.02
$119.90
Total Expenses
$281.37
$307.34
$326.79
Net Enterprise Income
-$66.30
-$35.62
-$3.86

Summary of Ontario Dairy Farms
Crops Grown and Fed Report
(crop acres and yields)
Crop Low 56 Farms Avg 169 Farms High 56 Farms
Acres Grown Total Yield Yield per Acre Acres Grown Total Yield Yield per Acre Acres Grown Total Yield Yield per Acre
Wheat
8.1
12.9
1.5
8.8
13.2
1.5
11.5
16.8
1.5
Spring Grains
46.9
49.6
1.2
56.0
65.9
1.2
70.2
85.0
1.2
Grain Corn
12.1
31.2
3.0
23.7
77.4
3.0
46.3
161.3
3.0
Soybeans
8.7
8.8
1.1
13.4
13.1
1.1
21.9
22.5
1.1
Straw
xxx.x
12.6
  
xxx.x
25.9
  
xxx.x
43.8
  
Other 1
1.9
3.6
1.9
4.3
7.3
1.7
2.9
2.6
0.9
Other 2
0.7
0.8
1.1
4.9
13.3
2.7
5.5
17.6
3.2
Corn Silage
10.8
126.0
12.1
18.9
233.0
12.1
29.8
386.0
12.1
Hay
150.9
181.6
2.3
164.6
177.0
2.3
186.1
195.0
2.3
Haylage
xxx.x
336.3
   
xxx.x
482.0
   
xxx.x
643.5
  
Tillable pasture
27.2
 
 
21.7
 
16.2
      
Rough pasture
22.0
 
31.1
 
  
38.9
 
    
Non Crop Land
100.6
  
  
82.8
  
   
81.9
   
    
Total Acres
389.9
 
 
430.2
 
 
511.2
  
   
Tillable Acres reported
269.9
 
 
317.1
 
 
390.3
   
   
Calculated Tillable Acres
267.3
 
 
316.3
 
 
390.4
   
   
Total Feed Fed and Feed Allocated to the Livestock Enterprise
 
Total Fed
Feed Cost
Feed Cost Per Cow
Total Fed
Feed Cost
Feed Cost Per Cow
Total Fed
Feed Cost
Feed Cost Per Cow
Wheat
7
1,056
23
3
416
7
0
32
0
Spring grains
44
5,475
120
59
7,325
123
81
10,163
135
Grain corn
26
3,570
78
62
8,624
144
123
17,150
228
Soybeans
1
308
7
2
672
11
4
1,204
16
Straw
17
1,197
26
26
1,841
31
35
2,457
33
Other Crop
3
294
6
3
305
5
0
0
0
Other Crop
2
114
3
12
732
12
14
858
11
Corn silage
128
4,224
93
204
6,732
113
330
10,890
145
Hay
161
14,526
319
156
14,067
236
163
14,643
194
Haylage
362
16,277
357
502
22,572
378
652
29,340
390
Tillable pasture
18
1,104
24
16
942
16
13
804
11
Rough pasture
10
253
6
24
590
10
34
853
11
Total
 
48,397
1,061
 
64,818
1,086
 
88,393
1,174

 


Crop and Livestock Enterprise Investment
Crop Low 27 Farms Avg 81 Farms High 27 Farms
Crops per Acre Lvsk per Cow Crops per Acre Lvsk per Cow Crops per Acre Lvsk per Cow
Home Grown Crops & Supplies
102
0
150
0
184
0
Feeder & Market Livestock
 
172
 
93
 
49
Breeding Stock
 
2,545
 
2,731
 
2,866
Market Quota
0
15,801
0
16,921
0
17,731
Machinery & Equipment
622
1,119
631
1,058
646
941
Land & Farm Buildings
1,082
2,741
1,549
2,436
1,847
2,106
Enterprise Assets/Unit
1,806
22,699
2,330
23,579
2,676
24,075
Total Enterprise Assets
487,408
1,035,075
738,766
1,407,639
1,044,635
1,812,815
Debt per Acre & per Cow
1,140
6,748
1,199
6,368
1,136
5,887

 

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