Originally published on March 20th, 2020 in the Cornell CALS PRO-DAIRY e-Leader newsletter.
By Jason Karszes and Lauren Hill, PRO-DAIRY.
The second preliminary Progress of the Farm Report has been released by the Dairy Farm Business Summary. As dairy businesses across the state continue to analyze their financial and business performance utilizing the Dairy Farm Business Summary and Analysis Program, updated progress of the farm reports are provided to review the changes that have occurred from 2018 to 2019. Along with how things changed from 2018, the range across selected factors for 2019 is reported in a business chart format, which reports the averages by 20 percent increments for each category summarized. With 78 farms included in this report, along with the average of all farms, the report includes preliminary data for farms less than and greater than 900 cows.
Highlighted ranges of performance from the 2nd preliminary report, for all farms:
| Lowest 20% of Measure |
Highest 20% of Measure |
|
| Milk per Cow | 19,922 | 28,609 |
| Milk Sold Per Worker Equivalent | 770,410 | 1,714,133 |
| Feed & Crop Input Expenses per Cwt. | $5.92 | $8.57 |
| Operating Costs to Produce Milk | $13.32 | $18.63 |
| Total Costs to Produce Milk | $17.70 | $25.21 |
| % Return on All Capital, w/o Appreciation | -2.5% | 9.0% |
If you are interested in analyzing your business performance, please contact your local Cornell Cooperative Extension office to inquire about what resources are available to assist in this effort.