This report from Agricultural Finance and Management at Cornell, Cornell Dairy Farm Business Summary Analysis Program, was published in a PRO-DAIRY alert distributed to an email list of nearly 7,000 dairy producers, agriservice and legislators.
- Average of all farms (136 farms)
- Less than 500 cows (34 farms)
- 500 to 999 cows (32 farms)
- 1,000 to 1,499 cows (37 farms)
- 1,500 cows and greater (33 farms)
- Labor efficiency improved in 2021, with a 2.3 percent increase in cows per worker and a 4.9 percent increase in pounds of milk sold per worker. Hired labor costs per worker equivalent also increased 5.1 percent.
- Gross milk price per cwt increased 7 percent from $18.56 in 2020 to $19.77 in 2021.
- Hay dry matter tons per acre and corn silage tons per acres increased 19 percent and 5 percent respectively. This contributed to the increase of accrual crop receipts of 203 percent from 2020.
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