Table 36: Costs and Returns for Dairy Cow Production

ITEM	HEAD	UNIT	PRICE	QUANTITY	TOTAL

Receipts
Milk Sales	1	cwt	$ 14.00	190	$ 2,660.00
Cows Culled	0.31	cwt	$ 47.00	13	$ 189.41
Calves Sold	0.44	lbs	$ 1.04	100	$ 45.76
Heifers Sold	0.11	lbs	$ 0.55	600	$ 36.30
Total Receipts					$ 2,931.47

Variable Costs
Feed Costs			< /td>
Corn Grain Equivalent		bu	$ 2.80	111	$ 310.80
Hay Equivalent		tons	$ 100.00	3.9	$ 390.00
Corn Silage		tons	$ 23.75	8.7	$ 206.63
Soybean Meal		cwt	$ 14.00	20.5	$ 287.00
Dicalcium Phosphate		lb	$ 0.22	98	$ 21.56
Limestone		lb	$ 0.05	133	$ 6.65
Salt		lb	$ 0.09	85	$ 7.65
Milk Replacer		lb	$ 0.90	12	$ 10.80
Total Feed Costs					$ 1,241.09
Other
Bedding		$ 65.00	0.76	$ 49.40
Misc. Livestock Supplies			$ 74.00		$ 74.00
Breeding Fees			$ 40.00		$ 40.00
Veterinarian and Medicine			$ 62.00		$ 62.00
Milk Testing			$ 15.00		$ 15.00
Utilities			$ 63.50		$ 63.50
Insurance			$ 10.00		$ 10.00
Coop Dues		cwt	$ 0.15	190	$ 28.50
Milk Hauling	& nbsp;	cwt	$ 0.75	190	$ 142.50
Marketing	< /td>	cwt	$ 0.12	190	$ 22.80
Advertising		cwt	$ 0.05	190	$ 9.50
Labor
Operator		hr	$ 14.48	51	$ 738.48
Hired		hr	$ 7.24	41	$ 296.84
Diesel Fuel and Oil
Gas, fuel, and oil				$ 11.20
Repair & Maintenance
Building and Equipment			$ 36.00		$ 36.00
Sub-Total					$ 2,840.81
Interest on Operating Capital^a			10%		$ 23.58
Total Variable Costs					$ 2,864.39
Returns Above Variable Costs					$ 30.78
Fixed Costs
Building and Equipment			$ 260.00		$ 260.00
Land Charge		acre	$ 50.00	0.25	$ 12.50
Total Fixed Costs					$ 272.50
Total Fixed & Variable Costs					$ 3,136.89
Management Fees^a			7%		$ 218.71
Total Costs					$ 3,355.60
Net Returns					$ (424.13)