Kansas Farm Management Association enterprise analysis: Examining differences among high-, medium-, and low-profit dairy operations

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dc.contributor.author Dhuyvetter, Kevin C.
dc.contributor.author Kastens, T.L.
dc.date.accessioned 2010-12-03T21:45:55Z
dc.date.available 2010-12-03T21:45:55Z
dc.date.issued 2010-12-03
dc.identifier.uri http://hdl.handle.net/2097/6797
dc.description Dairy Research, 2005 is known as Dairy Day, 2005 en
dc.description.abstract Thirty-one dairy producers participated in the Kansas Farm Management Association (KFMA) dairy enterprise analysis each year from 2002 to 2004. The dairy farms were sorted based on 3-year average returns over total costs and were categorized as high-, medium-, and low-profit farms. The highestprofit farms earned an average of $795 more per cow ($4.20 per cwt of milk) than the lowprofit farms earned. High-profit farms averaged $521 more milk sales per cow than lowprofit farms did. This difference in profitability was due entirely to greater milk production, inasmuch as milk prices among profit groups did not differ from each other. Highprofit farms produced almost 4,000 lb more milk per cow per year and had slightly lower costs than low-profit farms had. Returns for the mid-profit farms were more than $400 per cow less than returns of the top farms, but were more than $350 per cow greater than those of low-profit farms. The mid-profit farms had production levels similar to those of the high-profit farms, but their costs were significantly greater. Over the 3 years analyzed, it was better to have high production and high costs than to have low production and low costs. But these 3-year averages indicate that dairies can achieve high production levels while keeping costs in check, and these operations are significantly more profitable than other dairies. en_US
dc.publisher Kansas State University. Agricultural Experiment Station and Cooperative Extension Service en_US
dc.relation.isPartOf Dairy Day, 2005 en_US
dc.relation.isPartOf Kansas Agricultural Experiment Station contribution; no. 06-46-S en_US
dc.relation.isPartOf Report of progress (Kansas State University. Agricultural Experiment Station and Cooperative Extension Service); 963 en_US
dc.subject Dairy en_US
dc.subject Cost en_US
dc.subject Economics en_US
dc.subject Management en_US
dc.subject Profitability en_US
dc.title Kansas Farm Management Association enterprise analysis: Examining differences among high-, medium-, and low-profit dairy operations en_US
dc.type Conference paper en_US
dc.date.published 2005 en_US
dc.citation.epage 22 en_US
dc.citation.spage 18 en_US
dc.contributor.authoreid kcd en_US
dc.contributor.authoreid tkastens en_US

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