This report from Agricultural Finance and Management at Cornell, Cornell Dairy Farm Business Summary Analysis Program was published in PRO-DAIRY e-Leader, a monthly e-Leader newsletter distributed to an email list of nearly 7,000 dairy producers, agriservice and legislators.
The third Preliminary Progress Report has been released, summarizing the progress made from 2020 to 2021 for the 124 participating farms. The report consists of four sections:
- Average of all farms (124 farms)
- Less than 650 cows (43 farms)
- 650 – 1,350 cows (41 farms)
- Greater than 1,350 cows (40 farms)
Some highlights from the average report include the following:
- Labor efficiency improved in 2021, with a 2.2 percent increase in cows per worker and a 4.4 percent increase in pounds of milk sold per worker. Hired labor costs per worker equivalent also increased 5 percent.
- Gross milk price per cwt increased 6 percent from $18.59 in 2020 to $19.79 in 2021.
- Hay dry matter tons per acre and corn silage tons per acres increased 23 percent and 5 percent respectively. This contributed to the increase of accrual crop receipts of 191 percent from 2020.
