Production Level
17,500 lbs. milk sold 22,000 lbs. milk sold
per cow per cwt. per cow per cwt.
ESTIMATED INCOME/ COW
Milk sales @ $17.17/cwt. $3,004.81 $17.17 $3,777.33 $17.17
Government payment 0 0
Calf sales: 48% x $100/hd. 47.50 .27 47.50 .22
Cull cow sales:
1400 lbs. x 28% x $47/cwt. 184.24 1.05 184.24 .84
ESTIMATED TOTAL INCOME/COW $3,236.55 $18.49 $4,009.07 $18.23
ESTIMATED OPERATING COSTS/COW
Feed $1,962.38 $11.21 $2,200.99 $10.00
Labor @ $11.00/hr. 344.83 1.97 344.83 1.57
Veterinary, drugs, and supplies 100.00 .57 110.00 .50
Utilities and water 50.00 .29 50.00 .23
Fuel, oil, and all vehicle expense 61.59 .35 61.59 .28
Milk hauling and promotion 131.25 .75 165.00 .75
Building and equipment repair 157.20 .90 157.20 .71
Breeding/genetic charges:
Semen, A.I. services, supplies 45.00 .26 45.00 .20
Interest on breeding herd 160.00 .91 160.00 .73
Insurance on breeding herd 20.00 .11 20.00 .09
Professional fees
(legal, accounting, etc.) 22.00 .13 22.00 .10
Miscellaneous 20.00 .11 25.00 .11
Operating interest
(1/2 of operating costs x 8%) 111.32 .64 121.46 .55
Total Operating Costs $3,185.57 $18.20 $3,483.07 $15.82
ESTIMATED OWNERSHIPS COSTS/COW
Depreciation on bldgs.
and equipment $281.87 $ 1.61 $281.87 $ 1.28
Interest on land, bldgs.,
and equipment 197.57 1.13 197.57 .90
Insurance and taxes on land,
bldgs., equip. 69.21 .40 69.21 .31
Total Ownership Costs $548.65 $3.14 $548.65 $2.49
ESTIMATED TOTAL COSTS/COW $3,734.22 $21.34 $4,031.72 $18.31
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Income over Operating Costs $ 50.98 $ .29 $526.00 $ 2.40
Income over Total Costs - $497.67 - $ 2.85 - $ 22.65 - $ .08
______________________________________________________________________________
For more details see website http://agebb.missouri.edu/mgt/budget/index.htm
Prepared by Melvin Brees, Ag. Economist, FAPRI, and Joe Horner,
Economist, Dairy and Beef.
______________________________________________________________________________
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Production Level
12,000 lbs. milk sold 15,000 lbs. milk sold
per cow per cwt. per cow per cwt.
ESTIMATED INCOME/ COW
Milk sales @ $17.17/cwt. $2,060.46 $17.17 $2,575.42 $17.17
Calf sales:
bulls and surplus heifers 170.00 1.42 170.00 1.13
Cull cow sales:
1100 lbs. x 18%x $47/cwt. 93.06 .78 93.06 .62
Government payments: 0 0
ESTIMATED TOTAL INCOME/COW $2,323.52 $19.37 $2,838.48 $18.92
ESTIMATED OPERATING COSTS/COW
Feed $1,097.46 $9.15 $1,229.26 $ 8.20
Labor @ $11.00/hr. 291.67 2.43 291.67 1.94
Veterinary, drugs, and supplies 80.00 .67 90.00 .60
Utilities and water 50.00 .42 50.00 .33
Fuel, oil, and all
vehicle expense 50.63 .42 50.63 .34
Milk hauling and promotion 90.00 .75 112.50 .75
Building and equipment repair 110.23 .92 110.23 .73
Breeding/genetic charges:
Semen, A.I. services, supplies 39.00 .32 39.00 .26
Interest on breeding herd 96.00 .80 96.00 .64
Insurance on breeding herd 12.00 .10 12.00 .08
Professional fees
(legal, accounting, etc.) 5.50 .05 5.50 .04
Miscellaneous 20.00 .17 25.00 .17
Operating interest
(1/2 of operating costs x 8%) 70.26 .59 76.13 .51
Total Operating Costs $2,012.75 $16.79 $2,187.92 $14.59
ESTIMATED OWNERSHIPS COSTS/COW
Depreciation on bldgs.
and equipment $105.26 $ .88 $105.26 $ .70
Interest on land, bldgs.,
and equipment 193.17 1.61 193.17 1.29
Insurance and taxes on
land, bldgs., equip. 32.03 .27 32.03 .21
Total Ownership Costs $330.46 $ 2.76 $330.46 $ 2.20
ESTIMATED TOTAL COSTS/COW $2,343.21 $19.55 $2,518.38 $16.79
______________________________________________________________________________
Income over Operating Costs $310.77 $ 2.58 $650.56 $ 4.33
Income over Total Costs - $ 19.69 - $ .16 $320.10 $ 2.13
______________________________________________________________________________
For more details see website http://agebb.missouri.edu/mgt/budget/index.htm
Prepared by Melvin Brees, Ag. Economist, FAPRI, and
Joe Horner, Economist, Dairy and Beef.
______________________________________________________________________________
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