Mr. Don Breece, Farm Management Specialist, OSU Extension Center at Lima
For 12 years dairy farm financial information and enterprise data have been collected from Ohio farms participating in Extension and Farm Business Planning and Analysis programs. These farms use the FINPACK computer program for analysis. There data are also included on a national data base located at the Center of Farm Financial Management, University of Minnesota. The data base is called FINBIN and is found at: www.cffm.umn.edu. Here is a summary of Ohio data (from 10 to 16 farms per year) for the past 5 years. More complete details may be found in the Ohio Farm Business Summary 2004 - a copy is located at local Extension offices.
Table 1. Net returns for Ohio dairy farms.1
Averages
|
|
High Profit Third
|
|||
Year |
Feed ($/cwt milk)
|
Return ($/cow)
|
Year
|
Feed ($/cwt milk)
|
Return ($/cow)
|
2000 |
6.95
|
235
|
2000 |
6.47
|
539
|
2001 |
7.52
|
630
|
2001 |
5.92
|
1037
|
2002 |
6.94
|
261
|
2002 |
6.07
|
665
|
2003 |
7.24
|
33
|
2003 |
7.78
|
609
|
2004 |
7.81
|
547
|
2004 |
7.47
|
1065
|
|
|
|
|
||
5 yr average |
|
341
|
5 yr average |
|
783
|
1Includes replacement costs and opportunity costs for home grown feeds (N = 10 to 16/yr for Ohio); MN 5 year averages (FINBIN Data; N = 1923); feed cost average = $6.72/cwt milk, and average net returns = $485/cow.