OVER ALL ECONOMY FOR MILK PRODUCERS
|
|
- Timothy Neal
- 6 years ago
- Views:
Transcription
1 OVER ALL ECONOMY FOR MILK PRODUCERS 1 = 7.45 DKK Table 1. Farm income for all Danish dairy farms (conventional and organic) during the past five years Year Number of farms in sample 2,348 2,354 2,263 2,165 1,624 Number of farms in total 3,449 3,616 3,408 3,328 3,109 Number of cows Number of Ha In 1,000 DKK Gross Income 5,232 5,586 6,267 6,663 6,256 Unit related costs 2,553 2,860 3,195 3,165 3,349 Contribution margin 2,679 2,726 3,071 3,498 2,907 Cash capacity costs 1,435 1,526 1,649 1, Depreciation EBIT , Decoupled EU-payments Net financial costs Farm income Cash flow before investments and debt repayment Equity 5,188 5,058 4,592 4,523 4,057 Provisions 1,702 1,609 1,739 1,930 1,755 Debt 22,119 22,884 23,756 24,490 25,610 Total Balance 29,009 29,551 30,086 30,943 31,422
2 Table 2. Farm income for conventional (large breed) dairy farms sorted according to herd size Number of cows GNS Number of farms in total 2, , Number of cows Ha, Kg ECM per Cow/year 10,181 9,423 10,142 10,275 10,319 10,414 In 1,000 DKK Contribution margin 2,852 1,031 2,361 3,756 5,368 8,465 Cash capacity costs 1, ,492 2,381 3,352 5,217 Depreciation ,255 1,566 EBIT ,682 Decoupled EU-payments ,114 Net financial costs ,337 1,762 3,007 Farm income Salary Farm income after owner salary Total Assets 31,842 15,462 28,436 41,209 54,394 71,400 Equity 3,892 5,378 4,133 2,364 4, Key figures Soliditet, % 12% 35% 15% 6% 8% 0% Return on farm assets 0.8% -0.4% 0.6% 0.8% 1.4% 2.1% Operating margin, farming activities 3.8% -2.6% 3.0% 3.6% 6.1% 7.5% Asset turnover ratio, farming activities productions price pr kg ECM % of rented land 30% 23% 28% 32% 34% 35% Farm assets per cow 163, , , , , ,014 Farm income in 1,000 DKK > 400 Best 1/3 Average Bottom 1/3 Number of cows Figure 1. Spread in operating results - full time dairy farms with large breed sorted according to size
3 Table 3. Investment and financing for conventional farms with large breed sorted according to herd size Number of cows Gns, Investments Amount in DKK Buildings ,192 Equipment, fixtures and fittings Machinery Land improvements Total investments, production facilities ,440 2,244 Depreciation ,255 1,566 Net investments, production facilities Land Milk quota etc Net investment, farming ,206 Cars, private housing and other Total investments ,378 CASH FLOW AMOUNT IN DKK Cash flow before investments and debt repayment over 400 Net liquid funds ,475-1,635-2,498 Self-financing ratio, % 40% 130% 36% 23% 95% 32% Depreciation coverage DKK per cow/year Net investments, production facilities/cow 276-1, ,235 DKK pr. Cow 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, ,000 3, , ,084 1,432 4, , ,773 2, , , , Bedste 1/3 Ringeste 1/3 Bedste 1/3 Ringeste 1/ Cows Cows 833 Realized loss on derivates ect. Other debt Interest Overdraft interrst Bank loan interest Mortgage Financial incomes Net Tenancy Costs Figure 2: Finansial cost pr cow convention large breed dairy farms. The average for the best 1/3 and the bottom 1/3
4 DKK pr. ECM > Herd size, number of cows Figure 3: the development in the average produtions price pr. kg ECM, inclusive owner Salary and renumination of the farming assets. The production price 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Over 400 Herd size, number of cows Cash flow higher than depreciations Cash flow between 50 % and 100 % of depreciations Cash flow less than depreciations Negative cash flow Figure 4. Comparison of cash flows before investemens and debt repayments with the level of depreciations
5 Tabel 4. Farm income for dairy farms according to breed and management method Large breed Jersey ORGANIC CONVENTIONAL ORGANIC CONVENTIONAL Number of farms 273 2, Number of cows Ha, Kg ECM per cow 9,029 10,156 8,357 9,154 Sales price DKK per kg ECM production price DKK pr kg ECM Amunts in 1,000 DDK Contribution margin Cash Capacity costs 1,956 1,796 1,456 1,625 Depreciation EBIT 1, , Decoupled EU-payments Net financial costs 1, Farm income Farm assets 32,766 29,693 24,010 23,210 KEY FIGURES Equity-to-assets ratio. % Farm asset returns.% Operating margin;% Asset turnover ratio Number of cows per ha in rotation % of rented land
6 BUSINESS CHECK Cattle 2015 Table 1. Main results for Conventional large breed herds from Farms in sample Kg ECM per cow, delivered 9,227 9,619 9,894 10,361 Sales price per kg ECM DDK PER COW Gross Income 26,663 30,290 31,119 27,440 Feed 13,555 15,261 14,755 14,485 "Veterinary and other unit realted costs" 2,382 2,432 2,495 2,502 Total Unit related costs 15,937 17,693 17,250 16,988 Contribution margin 10,726 12,597 13,870 10,452 Labour costs (incl, owner salary) 3,818 3,905 4,191 4,104 Maintenance, energy etc, 3,050 3,173 3,396 3,085 Rental and capital costs 5,062 4,792 4,685 4,676 The result of the year -1, ,598-1,412 Break even contribution margin 11,930 11,870 12,272 11,865 KEY FIGURES Production price per kg ECM Feed cost per kg milk Return on assets, Dairy
7 DDK pr. Cow 11,863 1,192 3,632 10,069 10, ,062 2,902 12,464 1,233 3,964 13,377 2,936 2,636 3,031 4,104 4,155 4,237 Break even CM Contribution margin Break even CM Contribution margin Break even CM Contribution margin Other capacity costs and cost of NWC Equipment incl. energy Buildings Labour (inkluding owner salary) Conventional, large breed Conventional, Jersey Organic,large breed Figure 1: The relation between achieved contribution margin and break even margin in DKK. pr. kg ECM, Del Conventional, large breed Organic,large breed 3.75 Conventional, Jersey Organic farm gate price in Conventionel farm gate price in % 20% 40% 60% 80% 100% Pct. of the dairy farms Figure 2: The spread in the production price or kg ECM. Source: Business Check Kvæg 2015 DKK pr. 100 FEN(1 FEN =7,43 MJ NEL) conventional, loamy soil conventional, sandy soil with irrigation conventional, sandy soil without irrigation Organic, sandy soil % 20% 40% 60% 80% 100% Percentage of farms Figure 3: The spead in the production price for roughage. Source: Business Check Kvæg 2015.
8 10 YEARS OF DEVELOPMENT - Dairy farms Table 1. From 2006 to 2008 the value of the land has partly been estimated according to the public assessment, while it as of 2009 and onwards follows the fair value of the land. The change of the principles of estimation means that the assets are not YEAR Number of dairy farms 4,668 4,410 4,202 3,737 3,719 3,449 3,616 3,408 3,328 3,109 Number of cows Ha, Kg ECM per cow 8,481 8,583 8,603 8,799 8,813 8,739 8,891 9,121 9,565 9,978 Sales price, DKK per kg ECM Sales price, DKK per kg ECM, 2014 prices Income statement INCOME STATEMENT IN 1,000 DKK PR, FARM Contribution margin 1,511 2,049 2,275 1,264 2,254 2,679 2,726 3,071 3,498 2,907 Cash capacity costs ,063 1,176 1,292 1,435 1,526 1,649 1,787 1,790 Depreciation EBIT , Decoupled EU payments Net financial costs , , Farm Income Farm Income (2015 prices) , Balance Sheet BALANCE SHEET IN 1,000 DKK Total assets 21,177 25,933 29,632 28,402 30,236 29,009 29,851 30,085 30,943 31,422 Gæld i alt 10,999 14,392 17,542 18,975 20,968 22,119 22,884 23,755 24,490 25,610 Return on Farm Assets PER UNIT (CONV, LARGE BREED) Contribution margin per cow 10,138 11,619 13,321 5,151 9,947 11,850 11,064 13,534 15,165 10,324 Productions price, DKK pr kg ECM, large breed Productions price, DKK pr kg ECM, large breed (2015-prices)
Lowland cattle and sheep farms, under 100 hectares
GROSS OUTPUT, VARIABLE COSTS AND FARM GROSS MARGIN, 2003/2004 Output Milk 0 0 Milk quota leasing, milk levy and compensation 0 0 Cattle 280 415 Herd depreciation -1 8 Cattle subsidies 135 211 Sheep 127
More informationSDA cattle and sheep farms, 120 hectares and over
GROSS OUTPUT, VARIABLE COSTS AND FARM GROSS MARGIN, 2003/2004 Output Milk 0 0 Milk quota leasing, milk levy and compensation 0 0 Cattle 138 160 Herd depreciation -12-16 Cattle subsidies 92 101 Sheep 131
More information1. Under 60k SO Farm Business Income ( per farm)
1. Under 60k SO Farm Business Income ( per farm) Number of farms in sample 21 21 Average business size (SO) 32,754 33,481 OUTPUTS 2016/17 2015/16 Other cattle 15,275 16,588 Sheep 10,263 10,669 Main crops
More information2009 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2010
2009 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2010-04 December, 2010 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More informationRevision of economic values for traits within the economic breeding index
Revision of economic values for traits within the economic breeding index D. P. Berry 1, L. Shalloo 1, V.E. Olori 2, and P. Dillon 1. 1. Dairy Production Department, Teagasc, Moorepark Research Centre,
More information2014 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2015
2014 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2015-08 December, 2015 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More informationEconomics 330 Fall 2005 Exam 1. Strategic Planning and Budgeting
Economics 330 Fall 2005 Exam 1 K E Y Strategic Planning and Budgeting Circle the letter of the best answer. You may put a square around the letter of your second choice. If your second choice is right,
More informationHerd Size. Level of Production. Summary
$18.22 per cwt which was 5.8 percent higher than the $17.22 per cwt received by the Georgia dairies. While the Florida group had higher total revenue than Georgia dairies, total expense were also higher.
More informationGlossary of terms used in agri benchmark
Whole farm Assumptions Harvest years / agricultural years They usually comprise two calendar years, e.g. July 2000 - June 2001. TIPI-CAL year The model calculates on a calendar year basis (January December).
More information2015 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper November, 2016
2015 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2016-01 November, 2016 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More information2007 Michigan Dairy Grazing Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2008
2007 Michigan Dairy Grazing Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2008-5 December, 2008 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
More information2007 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2008
2007 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2008-04 December, 2008 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More informationTeagasc National Farm Survey 2016 Results
Teagasc National Farm Survey 2016 Results Emma Dillon, Brian Moran and Trevor Donnellan Agricultural Economics and Farm Surveys Department, Rural Economy Development Programme, Teagasc, Athenry, Co Galway,
More information2006 Michigan Dairy Grazing Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper November, 2007
2006 Michigan Dairy Grazing Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2007-09 November, 2007 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing,
More informationThe sales price for Pasture equivalents is zero. Check the feed prices on the last section of the Budgets.
File: M&m FINFLO 2006 Warning The sales price for Pasture equivalents is zero. Check the feed prices on the last section of the Budgets. Max and Marlene Profit FINLRB: Succession example Anyplace, Eastern
More informationFinancial Basics. VT Organic Dairy Producer Conference 2018
Financial Basics VT Organic Dairy Producer Conference 2018 Andy Wood, Agricultural Loan Officer Vermont Economic Development Authority (VEDA) 802-828-5839 awood@veda.org Financial Performance Financial
More informationCow-Calf Enterprise Standardized Performance Analysis
Cow-Calf Enterprise Standardized Performance Analysis Overview Cattlemen are challenged to reduce production costs, be more competitive, and increase market share and profits. The first step to lowering
More informationEconomic, Productive & Financial Performance Of Alberta Cow/Calf Operations
Benchmarks for Cattlemen Economics & Competitiveness Economic, Productive & Financial Performance Of Cow/Calf Operations Comparing:, Profitability & Production Management Groupings Production Year - 1998
More information2004 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg Christopher Wolf. Staff Paper September 2005
Staff Paper 2004 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg Christopher Wolf Staff Paper 2005-10 September 2005 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing,
More informationMajor Cost Items on Wisconsin Organic, Grazing, and Confinement (Average of All Sizes) Dairy Farms
Major Cost Items on Wisconsin Organic, Grazing, and Confinement (Average of All Sizes) Dairy Farms By Tom Kriegl 1 February 19, 2008 Cost management should receive regular attention on any farm. Focusing
More information2015 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Christopher A. Wolf. Staff Paper November, 2016
2015 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Christopher A. Wolf Staff Paper 2016-02 November, 2016 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
More informationEconomic, Productive & Financial Performance Of Alberta Cow/Calf Operations
Benchmarks for Cattlemen Economics & Competitiveness Economic, Productive & Financial Performance Of Cow/Calf Operations Southern Fescue land, Mixed land & Moist Mixed land Production Year - 2002 Jan.
More informationMILK PRODUCTION COSTS and SELECTED FINANCIAL BENCHMARKS FROM 978 WISCONSIN DAIRY FARMS
1996 1 MILK PRODUCTION COSTS and SELECTED FINANCIAL BENCHMARKS FROM 978 WISCONSIN DAIRY FARMS by Gary Frank and Jenny Vanderlin 2 August 27, 1997 Introduction In this study of 1996 records, 978 dairy farms
More informationFor personal use only
China Dairy Corporation Limited (ASX:CDC) AGM Presentation 2016 China Dairy Corporation China Dairy Corporation (CDC) was established in 2005 A leading producer and wholesale distributor of raw milk and
More informationFARM BUSINESS MANAGEMENT
FARM BUSINESS MANAGEMENT 2009 Annual Report Central and West Central Minnesota April, 2010 A Management Education Program Minnesota State Colleges and Universities Ridgewater College VISIT OUR WEBSITE
More informationMILK PRODUCTION COSTS in 2001 on Selected WISCONSIN DAIRY FARMS
MILK PRODUCTION COSTS in 2001 on Selected WISCONSIN DAIRY FARMS By Gary Frank and Jenny Vanderlin 1 July 22, 2002 Introduction The good news is that higher milk prices in 2001 caused an increased of almost
More informationAn Economic Comparison of Organic and Conventional Dairy Production, and Estimations on the Cost of Transitioning to Organic Production
An Economic Comparison of Organic and Conventional Dairy Production, and Estimations on the Cost of Transitioning to Organic Production Produced by: the Northeast Organic Farming Association of Vermont
More informationMulti-Year Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations
Benchmarks for Alberta Cattlemen Economics & Competitiveness Multi-Year Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations (2012-2016) 24-Oct-17 Overview This AgriProfit$ Cost
More informationAppendix I Whole Farm Analysis Procedures and Measures
Appendix I Whole Farm Analysis Procedures and Measures The whole-farm reports (except for the balance sheets) include the same number of farms, which were all of the farms whose records were judged to
More information2008 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper November, 2009
2008 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2009-11 November, 2009 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More informationEvidence Report GB dairy herd performance 2014 /15 December 2015
Evidence Report GB dairy herd performance 2014 /15 December 2015 Contents Executive summary Key findings stemming from year end 2014/15 data 3 Introduction Background 4 The aim of the report 4 The data
More informationInternational Competitiveness of Typical Dairy Farms
Chapter 4 International Competitiveness of Typical Dairy Farms 4.1 Summary 94 4.2 Overview of selected dairy farm types 96 4.3 Overview of the whole farm 98 4.4 Farm income, profits and returns to labour
More informationMILK PRODUCTION COSTS in 1998 on Selected WISCONSIN DAIRY FARMS
MILK PRODUCTION COSTS in 1998 on Selected WISCONSIN DAIRY FARMS by Gary Frank and Jenny Vanderlin 1 July 23, 1999 Introduction Total cost of production per hundredweight equivalent of milk ($14.90) was
More informationEconomics of transitioning to Once A Day milking
Economics of transitioning to Once A Day milking George Ramsbottom 1, Brian Hilliard 2 and Brendan Horan 3 1 Teagasc, Oak Park, Carlow; 2 Teagasc, Shandon, Dungarvan, Co. Waterford; 3 Teagasc Moorepark,
More informationFinancial Survey 2015 Southland Dairy
Financial Survey 2015 Southland Dairy This report summarises the results of a financial survey of dairy farms across Southland, carried out by AgFirst through June 2015. A description of the model farm
More informationEU milk margin index estimate up to 2018
EU Agricultural and Farm Economics Briefs No 17 December 2018 EU milk margin index estimate up to 2018 An overview of estimates of of production and gross margin indexes of milk production in the EU Contents
More informationEU Milk Margin Estimate up to 2013
Farm Economics Brief No 5 April 2014 EU Milk Margin Estimate up to 2013 An overview of estimates of of production and gross margins of milk production in the EU Contents Need for monitoring milk margin
More information2006 Iowa Farm Costs. and Returns File C1-10. Ag Decision Maker. Definition of Terms Used
2006 Iowa Farm Costs Ag Decision Maker and Returns File C1-10 The farm record data utilized in this report were obtained from the Iowa Farm Business Associations. The average of all farms in each table
More informationЕconomic analysis of of typical typical farm types cultivating products for which Macedonia has very suitable production conditions
Еconomic analysis of typical farm types cultivating products for which Macedonia has very suitable production conditions - Lamb meat July, 2008 1. Objective 1. Development of a sector - regional model
More informationMILK PRODUCTION COSTS in 2000 on Selected WISCONSIN DAIRY FARMS
MILK PRODUCTION COSTS in 2000 on Selected WISCONSIN DAIRY FARMS By Gary Frank 1 July 27, 2001 Introduction In 2000, the U.S. Average Milk Price ($12.33) was less than the study farms' total economic cost
More informationInformation based on FADN data 2013
Ref. Ares(2016)4773682-25/08/2016 EU Agricultural and Farm Economics Briefs No 12 August 2016 FARM ECONOMY OVERVIEW: BEEF SECTOR Information based on FADN data 2013 This brief provides an overview of production
More information2014 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Christopher A. Wolf. Staff Paper December, 2015
2014 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Christopher A. Wolf Staff Paper 2015-07 December, 2015 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
More informationPresentation of a unique and very flexible Benchmarking system; Key Indicators
Presentation of a unique and very flexible Benchmarking system; Key Indicators Check J. Frandsen Knowledge Center for Agriculture, Cattle Department, Agro Food Park 15, 8200 Aarhus N, Denmark Introduction
More informationMILK PRODUCTION COSTS in 2008 On Selected WISONSIN DAIRY FARMS
MILK PRODUCTION COSTS in 2008 On Selected WISONSIN DAIRY FARMS By Ken Bolton and Jenny Vanderlin 1 October 2009 Introduction The Basic Cost of Production increased in 2008 by $0.35/cwt equivalent (CWT
More informationSimon Moakes IBERS, Aberystwyth University
Simon Moakes IBERS, Aberystwyth University Introduction Defra funded Organic Farm Incomes project Methodology Overall position in 2007/08 Individual farm types Latest data and trends Conclusions Organic
More informationInvestment and Debt on Irish Farms
Investment and Debt on Irish Farms Fiona Thorne, Kevin Connolly, Thia Hennessy, Tom Kelly & Brian Moran Teagasc National Rural Development Conference 2009 Why we are here? If you keep your eyes shut you
More informationMILK PRODUCTION COSTS in 2009 on Selected WISONSIN DAIRY FARMS
MILK PRODUCTION COSTS in 2009 on Selected WISONSIN DAIRY FARMS By Ken Bolton and Jenny Vanderlin 1 Introduction January 2011 The good news is that Wisconsin dairy farmers lowered their basic cost of production
More informationAgriculture & Business Management Notes...
Agriculture & Business Management Notes... SPA Standardized Performance Analysis For Cow/Calf Producers -- A Worksheet Approach -- Cow/calf producers have been challenged to be lower cost producers, to
More informationReshaping Agricultural Production: Geography, Farm Structure, and Finances
Reshaping Agricultural Production: Geography, Farm Structure, and Finances James M. MacDonald USDA Economic Research Service Kansas City Federal Reserve Bank Farming, Finance, and the Global Marketplace
More informationApril 1983 A.E. Ext
April 1983 A.E. Ext. 83-16 - Deportment of Agricultural Economics New York State Co ll ege of Agriculture and life Sciences A Sial uto r r C o1i ~ge 01 the Sial. University Corne ll University, Ith aca,
More information2011 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Christopher A. Wolf. Staff Paper October, 2012
2011 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Christopher A. Wolf Staff Paper 2012-09 October, 2012 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
More information2007 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2008
2007 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2008-07 December, 2008 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY
More informationEU Milk Margin Estimate up to 2016
EU Agricultural and Farm Economics Briefs No 16 December 217 EU Milk Margin Estimate up to 216 An overview of estimates of of production and gross margins of milk production in the EU Contents Need for
More informationDefinition of Terms and Explanatory Notes
CONTENTS Foreword Overview Introduction Definition of Terms and Explanatory Notes Whole Farm Data Hill cattle and sheep Hill sheep Upland cattle and sheep Lowland cattle and sheep Hill and upland dairy
More information~il~~:~~ii~!. ~...~: {(.~i. !!.~I~ji!': i~i( l:;i;!i:i;i;i:::-: :: C: ..::::)~::m~:l::::t:m:;::;;%::;:!;:;:;:j;.:;:;::::;::j::j:j\:;..
May 1983 A.E. Ext. 83-10 ~il~~:~~ii~!. ~...~:..::::)~::m~:l::::t:m:;::;;::;:!;:;:;:j;.:;:;::::;::j::j:j\:;.. ;/::@H::;j'::;{:: ::::;:;:;:;:::;:::::::::::::;: ::::::;:::::;:;:::;:::::;::::: ~ ~::: ~: ~:
More informationEU Milk Margin Estimate up to 2015
Ref. Ares(2016)5774609-05/10/2016 EU Agricultural and Farm Economics Briefs No 13 September 2016 EU Milk Margin Estimate up to 2015 An overview of estimates of of production and gross margins of milk production
More informationGeography, Farm Structure, and Finances
Reshaping Agricultural Production: Geography, Farm Structure, and Finances James M. MacDonald USDA Economic Research Service Kansas City Federal Reserve Bank Farming, Finance, and the Global Marketplace
More informationSmall-scale. dairy farming manual. Vol. 6
Small-scale dairy farming manual - Vol. 6 Small-scale dairy farming manual Vol. 6 Regional Dairy Development and Training Team for Asia and Pacific Chiangmai, Thailand Regional Office for Asia and the
More information2003 High Yielding Dairy Farms Compared By Profitability
A UW-RIVER FALLS AGSTAR SCHOLARS REPORT 2003 High Yielding Dairy Farms Compared By Profitability By: Amber Horn-Leiterman 1 and Gregg Hadley 2 1 Amber Horn was a 2004 2005 UW-River Falls AgStar Scholar.
More informationDeterminants of Productivity Variation in the Dairy Sectors
Determinants of Productivity Variation in the Dairy Sectors Johannes Sauer Professor and Chair Production and Resource Economics Center of Life and Food Sciences Technical University Munich content farm
More informationAccounting for Agriculture
International Journal of Recent Research and Review, Vol. II, June 2012 Accounting for Agriculture R. S. Sharma Department of ABST, Assistant Professor, University of Rajasthan, Jaipur, India Email: sharmarss1959@gmail.com
More informationCANADIAN DAIRY COMMISSION
CANADIAN DAIRY COMMISSION COST OF PRODUCTION FINAL RESULT BASED ON 2010 SURVEY DATA INDEXED TO 3 RD QUARTER OF 2011 November 2011 Policy and Economics Section DM#197552-v4 2010 COP Highlights Results The
More informationTeagasc Dairy Farm Walk
Animal & Grassland Research & Innovation Programme Teagasc Dairy Farm Walk 120 cows on 75 acre milking platform - How does Jim run a grass based system? Jim & Pauline Delahunty, Carrig, via Birr, Co. Tipperary
More informationFinancial Characteristics of North Dakota Farms
g Agricultural Economics Report No. 379 August 1997 Financial Characteristics of North Dakota Farms 1994-1996 Andrew L. Swenson Cole R. Gustafson Department of Agricultural Economics North Dakota State
More information-en CENTRAL PLAIN REGION May 1984 A.E. Ext. 84~14. Linda D. Putnam
May 1984 A.E. Ext. 84~14 CENTRAL PLAIN REGION 1983 -en Wayne A. Knoblauch Linda D. Putnam Deportment of Agricultural Economics New York State College of Agriculture and life Sciences " Sialulory College
More information2017 Accounting. Higher. Finalised Marking Instructions
National Qualifications 2017 2017 Accounting Higher Finalised Marking Instructions Scottish Qualifications Authority 2017 The information in this publication may be reproduced to support SQA qualifications
More informationProduction Economics of Ohio Dairy Farms
Production Economics of Ohio Dairy Farms 1996-2005 Donald J. Breece Ph.D. Farm Management Specialist Ohio State University Extension October, 2006 For the past ten years financial and production data was
More informationSITE OF THE PROJECT :
BENEFICIARY DETAILS NAME - S/D/W/O - VILLAGE - G.P. - P.O. - P.S. - BLOCK - DIST - PH - AGE - CATEGORY - xxxxxxxxxxxxxx FINANCING INSTITUTION BANK- BRANCH - SITE OF THE PROJECT : Plot no - Khata no - Type
More informationBig Picture. Three Areas:
Big Picture Three Areas: 1. Strategic Business Considerations 2. Financial Capacity Considerations 3. Enterprise Economic Considerations 1 DISCLAIMER It Depends? 2 Growth Strategies Expand Diversify Replicate
More informationTHE FARM BUSINESS SURVEY IN WALES
Institute of Biological, Environmental and Rural Sciences THE FARM BUSINESS SURVEY IN WALES Wales Farm Income Booklet 2013/14 Results Sponsored by CONTENTS Foreword Overview Introduction Definition of
More informationBUSINESS SUMMARY DAIRY FARM NEW YORK SMALL HERD FARMS, 140 COWS OR FEWER, 2014 JUNE 2015 E.B
DAIRY FARM BUSINESS SUMMARY JUNE 2015 E.B. 2015-09 NEW YORK SMALL HERD FARMS, 140 COWS OR FEWER, 2014 Wayne A. Knoblauch Cathryn Dymond Jason Karszes Richard Kimmich Charles H. Dyson School of Applied
More informationTeagasc National Farm Survey 2014 Results
Teagasc National Farm Survey: Results 24 Teagasc National Farm Survey 24 Results Thia Hennessy and Brian Moran Agricultural Economics and Farm Surveys Department, Rural Economy Development Programme, Teagasc,
More informationTable 1: Key parameters, financial results and budget for the Waikato/Bay of Plenty intensive sheep and beef farm model
FARM MONITORING 2012 WAIKATO/BAY OF PLENTY INTENSIVE SHEEP AND BEEF Key results from the Ministry for Primary Industries 2012 sheep and beef monitoring programme KEY POINTS Farmer confidence levels are
More informationBUSINESS SUMMARY DAIRY FARM NEW YORK SMALL HERD FARMS, 140 COWS OR FEWER, 2013 JULY 2014 E.B
DAIRY FARM BUSINESS SUMMARY JULY 2014 E.B. 2014-07 NEW YORK SMALL HERD FARMS, 140 COWS OR FEWER, 2013 Wayne A. Knoblauch Cathryn Dymond Jason Karszes Mariane Kiraly Charles H. Dyson School of Applied Economics
More informationSustainable dairy farm perspective. A: Sustainable turn over at farm level (resources, money, nitrogen and emission) B: Emission (CF) feed production
Sustainable dairy farm perspective Troels Kristensen, Aarhus University, Department of Agroecology Mail:troels.kristensen@agro.au.dk A: Sustainable turn over at farm level (resources, money, nitrogen and
More informationEconomics 230 Lab 4 Section 1 2 Due September 24 Fall 2010 WHOLE FARM BUDGET
Economics 230 Name Lab 4 Section 1 2 Due September 24 Fall 2010 WHOLE FARM BUDGET The purpose of this lab is to (a) learn how to prepare a whole farm budget for a hypothetical farming situation, and use
More informationTeagasc. National Farm Survey Results
Teagasc National Farm Survey Results 2012 Thia Hennessy, Brian Moran, Anne Kinsella and Gerry Quinlan Agricultural Economics & Farm Surveys Department Rural Economy and Development Programme Teagasc Athenry
More informationBUSINESS SUMMARY DAIRY FARM NEW YORK SMALL HERD FARMS, 120 COWS OR FEWER, 2011 JULY 2012 E.B
DAIRY FARM BUSINESS SUMMARY JULY 2012 E.B. 2012-04 NEW YORK SMALL HERD FARMS, 120 COWS OR FEWER, 2011 Wayne A. Knoblauch Linda D. Putnam Jason Karszes Mariane Kiraly Cathryn Dymond Charles H. Dyson School
More informationDEPARTMENT OF AGRICULTURE PRETORIA
Some agricultural economic concepts Some agricultural economic concepts 2005 DEPARTMENT OF AGRICULTURE PRETORIA Hierdie publikasie is ook in Afrikaans beskikbaar 2005 (Second revised edition) 1995 (First
More informationState Farm Business Management Program Database. Crop Farm Sort
Minnesota State Colleges and Universities State Farm Business Management Program Database - 2015 Financial Summary by Gross Farm Income Financial Summary by Crop Acres Financial Standards Measures by Gross
More informationMissouri 700-Cow Dairy Model. A Value Added Enterprise for Missouri Crop Producers
Missouri 700-Cow Dairy Model A Value Added Enterprise for Missouri Crop Producers Prepared by: Dairy Focus Team Commercial Agriculture Program September 2005 1. INTRODUCTION... 3 2. ECONOMIC FACTORS FOR
More informationActions to mitigate greenhouse gas emissions from milk production
Actions to mitigate greenhouse gas emissions from milk production EAAP 2012, Bratislava Anna Flysjö (PhD) Life Cycle Sustainability Manager Arla Foods, Denmark Agenda for today s presentation Greenhouse
More informationFarm Economics brief
Farm Economics brief N 2 EU production costs overview July 211 Contents The effect of the economic crisis on costs and margins Operating costs in the EU groups Highly contrasted costs among the Member
More informationHow much milk can/should I produce profitably? Laurence Shalloo
How much milk can/should I produce profitably? Laurence Shalloo Livestock Systems Research Department, Animal & Grassland Research and Innovation Centre, Teagasc, Moorepark Overview Where do I want to
More informationSoft Loan Schemes. (5) Al Ahly for Financing Small Industrial Enterprises Purpose: finance small industrial enterprises, where total
Soft Loan Schemes (1) PETE Waste Recycling Finance Scheme Purpose: finance the investment costs of PETE recycling enterprises which fully depend on PETE waste as a raw material to be recycled or utilize
More informationClimate smart cattle farming management and systems aspects
Climate smart cattle farming management and systems aspects Troels Kristensen, Lisbeth Mogensen & John Hermansen Department of Agroecology Aarhus University Denmark Invited speak: Methagene Cost Padova
More informationCulling and Replacement Strategies. Stable to declining herd. Under the magnifying lens 2/20/2012. Matt Lippert Wood Co.
Culling and Replacement Strategies Matt Lippert Wood Co. Agriculture Agent Stable to declining herd Since 1946 long term trend is the same or fewer cows No need to grow the herd, only replace Under the
More informationGreenhouse Gas Emissions on Northern Ireland Dairy Farms
Greenhouse Gas Emissions on Northern Ireland Dairy Farms - A carbon footprint time series study January 2017 Statistics and Analytical Services Branch, DAERA Contents Page Executive Summary 1 Chapter 1:
More informationAgricultural Economics
Ag Econ 341 Agricultural Economics Financial Characteristics of North Dakota Farms 1992-1994 Andrew Swenson and Cole Gustafson DEPARTMENT OF AGRICULTURAL ECONOMICS AGRICULTURAL EXPERIMENT STATION NORTH
More informationCash Flow and Enterprise Information - step two for your 2016 farm analysis
1 of 24 Name Address County Phone Email Year Born Year Started Farming Cash Flow and Enterprise Information - step two for your 2016 farm analysis Now that you have a beginning and an ending balance sheet,
More informationTHE DISTRIBUTION OF FARM PERFORMANCE: DRAFT TERMS OF REFERENCE
THE DISTRIBUTION OF FARM PERFORMANCE: DRAFT TERMS OF REFERENCE 1. Background It has been suggested that OECD work under the 2011-12 PWB adopt an innovation system approach. The scoping paper of the project
More informationBenchmarking Your Herd s Economic Facts
Managing for Today s Cattle Market and Beyond March 2002 Benchmarking s Economic Facts By Harlan Hughes, North Dakota State University Dwight Aakre, North Dakota State University Introduction Benchmarking
More informationEU farm economics summary 2013
EU Agricultural and Farm Economics Briefs No 14 Oct 2016 EU farm economics summary 2013 Contents 1. Income developments 2. Role of direct payments 3. Financial farm structure 4. Croatia in focus This brief
More informationCOSTS AND RETURNS OF SAMPLE RANCHING BUSINESSES IN VARIOUS AREAS OF BRITISH COLUMBIA
COSTS AND RETURNS OF SAMPLE RANCHING BUSINESSES IN VARIOUS AREAS OF BRITISH COLUMBIA - 2013 Prepared by Terry Peterson Bob France Mike Malmberg June 2014 Acknowledgements The authors would like to extend
More informationManaging For Today s Cattle Market And Beyond: A Comparative Analysis Of ND - Demo Cow Herd To North Dakota Database
Managing For Today s Cattle Market And Beyond: A Comparative Analysis Of ND - Demo - 160 Cow Herd To North Dakota Database By Harlan Hughes Extension Livestock Economist Dept of Agricultural Economics
More informationAustralian Beef Financial performance of beef farms, to
Australian Beef Financial performance of beef farms, 2014 15 to 2016 17 Jeremy van Dijk, James Frilay and Dale Ashton Research by the Australian Bureau of Agricultural and Resource Economics and Sciences
More informationEvaluating the Custom Harvesting Decision: Pros and Cons
Evaluating the Custom Harvesting Decision: Pros and Cons Gary Frank 1 November 30, 1999 Introduction Farm managers have employed custom harvesting operators for many years. The harvesting operations of
More informationReport by the Chairman of the Board at FirstFarms annual general meeting 20 April 2010
Report by the Chairman of the Board at FirstFarms annual general meeting 20 April 2010 Dear shareholders, Welcome to FirstFarms annual general meeting which is an important event for the company. I am
More informationTHE ROLE OF STRUCTURAL CHANGES IN INCREASING COMPETITIVENESS OF BALTIC DAIRY FARMS
THE ROLE OF STRUCTURAL CHANGES IN INCREASING COMPETITIVENESS OF BALTIC DAIRY FARMS Armands Veveris, M.oec, Latvian State Institute of Agrarian economics, Struktoru str.14, Riga, Latvia, LV-1039, e-mail:
More informationManaging For Today s Cattle Market And Beyond A Comparative Analysis Of Demo Herd 1997 Herd To McKenzie County Database
Managing For Today s Cattle Market And Beyond A Comparative Analysis Of Demo Herd 1997 Herd To McKenzie County Database By Harlan Hughes Extension Livestock Economist Dept of Agricultural Economics North
More information