Figure 16 Farm Size and Profitability

from 2020 Northeast Dairy Farm Summary

Conclusion

Average Number of Cows Milk Sold Per Cow (lbs.)

99 Cows or Fewer 100-299 Cows 300-699 Cows 700 Cows or more

62 178 476 1,690 21,108 23,216 25,986 26,236

Milk Sold Per Worker (lbs.) 553,502 1,074,996 1,378,399 1,473,879 Net Cost of Production per Cwt. $ 20.12 $ 18.83 $ 18.29 $ 16.46 Milk Price per Cwt. $ 17.19 $ 18.00 $ 17.89 $ 18.66 Assets per Cow $22,234 $16,599 $14,170 $ 11,774 Asset Turnover 0.21 0.33 0.43 0.52 Percentage Net Worth 76% 75% 70% 67% Net Earnings per Cow $ -38 $ 353 $ 440 $ 787 Return on Assets % 0.7% 3.1% 4.3% 7.9%

Figure 16 Farm Size and Profitability

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Conclusion

99 Cows or Fewer 100-299 Cows 300-699 Cows 700 Cows or more

62 178 476 1,690 21,108 23,216 25,986 26,236

More articles from this publication:

Conclusion

Figure 2B Comparison of Multiyear Averages

Figure 13 Cost of Producing Milk by Profit Groups

Financial Records

Figure 4B Specific Cost Categories

Highlights of the 2020 Northeast Dairy Farm Summary .................................................. i Introduction

Glossary

Farm Size and Profitability

This article is from:

2020 Northeast Dairy Farm Summary