| | Non-Jerseys* | Jerseys |
| Income | (per hundredweight) |
| Milk | $16.71 | $19.90 |
| Co-op inventory loss allocation | $0 | $0 |
| Milk futures | $0.17 | $0.19 |
| Calves & heifers | $0.73 | $0.41 |
| Patronage dividend | $0.10 | $0.10 |
| Other | $0.11 | $0.20 |
| Total income | $17.82 | $20.80 |
| Expenses | | |
| Hay, silage & farming | $5.58 | $5.10 |
| Grain | $6.31 | $7.48 |
| Less cost of feeding heifers | color:#FF0033($2.38) | color:#FF0033($2.70) |
| Total feed cost | $9.51 | $9.98 |
| Herd replacement costs | | |
| Depreciation - cows | $1.04 | $1.30 |
| Loss on sale of cows | $0.05 | $0.28 |
| Total replacement cost | $1.09 | $1.58 |
| Other expenses | | |
| Interest and rent | $0.71 | $0.56 |
| Current debt repay & owner draw | $1.30 | $1.86 |
| Equipment lease | $0.02 | $0.03 |
| Labor | $1.73 | $2.09 |
| Depreciation - other | $0.66 | $0.97 |
| Milk hauling | $0.53 | $0.34 |
| Industry assessments | $0.27 | $0.19 |
| Supplies | $0.70 | $1.01 |
| Rbst | $0.12 | $0.30 |
| Manure mgmt. & environmental | $0.10 | $0.29 |
| Repairs & maintenance | $0.65 | $0.72 |
| Utilities | $0.33 | $0.41 |
| Taxes & licenses | $0.22 | $0.26 |
| Insurance | $0.21 | $0.23 |
| Fuel & oil | $0.23 | $0.22 |
| Professional services | $0.07 | $0.08 |
| Employee benefits | $0.07 | $0.12 |
| Veterinary & breeding | $0.43 | $0.48 |
| Testing & trimming | $0.09 | $0.12 |
| Livestock hauling | $0.02 | $0.06 |
| Miscellaneous | $0.02 | $0.04 |
| Less cost of raising heifers | color:#FF0033($0.42) | color:#FF0033($0.49) |
| Total other expenses | $8.01 | $9.88 |
| Total expenses | $18.61 | $21.34 |
| TOTAL NET INCOME (loss) | ($0.79) | ($0.54) |
| Net income (loss) per cow | color:#FF0033($183) | color:#FF0033($99) |
| Average number of milking cows | 2,127 | 2,100 |
| Average pounds of milk/cow/day | 74 | 59 |
| Average butterfat test | 3.65% | 4.56% |
| Average protein (or SNF) test | 3.13% | 3.66% |
| Herd turnover rate | 39.4% | 39.9% |
| Average cost of production | $18.61 | $21.34 |
| * Figures shown are simple averages of data summaries prepared for 7 individual Western states and 2 Midwest regions. |
| All data provided by Genske, Mulder & Co., LLP Certified Public Accountants. |
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