1. Home
2. Conferences
3. 2013 National Farm Management Conference

The Financial Performance Of Dairy Systems Across the U.S.A.

Thomas Kriegl

Summary

The Great Lakes Grazing Network (GLGN) Grazing Dairy Farms Financial Summary project initially sponsored by USDA IFAFS grant project #00-52501-9708, revealed relatively consistent differences in financial performance between individual Great Lakes states and between dairy systems, and demonstrated that the official USDA cost of production estimates were far different from the cost of production calculated from actual farm financial data from the same states. Multiple years of actual farm financial data has been collected from many different systems from many states in the U.S. and put into a similar format to compare actual financial performance between states and dairy systems.

This comparison shows;
1. That the financial performance differences between states and systems demonstrated in the GLGN project appear elsewhere in the country.
2. Large differences exist between the cost of production estimated by USDA and the cost of production calculated from actual farm financial performance for the same states.
3. Small dairy systems typically attain more net farm income from operations per dollar of revenue than large dairy systems in the same state.
More information about this project can be accessed at http://cdp.wisc.edu.

Details

---